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A RARE OPPORTUNITY TO OWN A SPACIOUS CARNEGIE HILL HOME JUST HALF A BLOCK FROM CENTRAL PARK
Welcome to Apartment 10FGH at 11 East 87th Street, a rare opportunity to own one of the largest combinations in the building, ideally positioned in the heart of Carnegie Hill on one of the Upper East Side's most coveted tree-lined blocks.
Just half a block from Central Park, this expansive residence offers an exceptional blend of scale, flexibility, and location. Whether entertaining on a grand scale or enjoying everyday family living, the generous layout provides the space and versatility rarely found at this price point in such a premier neighborhood.
After purchasing the apartments in 2017, the owner undertook an extensive combination and gut renovation in 2019, thoughtfully transforming the residence into a true four-bedroom home. The renovation reimagined the layout to maximize space, functionality, and flow, creating a turnkey residence ideally suited for modern family living. The impressive open-concept layout features expansive living and dining areas, a beautifully appointed chef's kitchen with premium appliances, abundant custom cabinetry, stone countertops, and a large center island ideal for gathering and entertaining. Custom millwork, thoughtfully designed storage solutions, a fireplace, electric shades throughout, and blackout shades in the bedrooms further enhance the home's comfort and functionality.
The flexible floor plan offers multiple possibilities for today's lifestyle, including dedicated work-from-home space, guest accommodations, media room, playroom, or additional bedroom configurations. Spacious bedrooms, beautifully renovated bathrooms, generous closet space, and meticulous attention to detail create a residence that is both highly functional and elegant.
Located within the highly sought-after PS 6 school zone, the apartment enjoys immediate access to many of Manhattan's finest public and private schools, Museum Mile, Madison Avenue boutiques, acclaimed restaurants, charming cafés, and everything that makes Carnegie Hill one of New York City's most desirable residential neighborhoods.
11 East 87th Street is a distinguished full-service cooperative offering 24-hour doorman service, a highly responsive live-in resident manager, bike storage, an upgraded commercial laundry facility, and an on-site parking garage with waitlist. Pied-à-terre ownership is permitted, pets are welcome with board approval, financing of up to 50% is allowed, 2% flip tax, and there is a current assessment of $184. 75/month through Dec 2029.
This is a rare opportunity to acquire a substantial, move-in-ready home in one of Manhattan's most prestigious neighborhoods-offering exceptional value, remarkable space, and an unrivaled Carnegie Hill lifestyle.
Building Features:
Full-service cooperative with 24-hour doorman
Live-in resident manager
On-site garage (waitlist)
Bike storage
Commercial laundry facility
Pied-à-terre permitted
Showings are available Monday through Friday from 9: 00 AM to 5: 00 PM. Weekend showings may be accommodated with advance notice and are subject to approval by the building supervisor.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
$3,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,560,000 | $2,560,000 | $2,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $14,136 | $15,348 | $21,259 |
| Total Monthly Payment | $14,261 | $15,473 | $21,384 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.