Welcome to Brick Underground’s luxury pick of the week, a feature spotlighting a condo, co-op, or townhouse for sale with an asking price of at least $3,000,000, the current entry threshold for luxury apartments in Manhattan. If you’re in the market for a high-end abode, you should know that while sales have slowed considerably over the past couple of years, that trend is starting to reverse as sellers come to grips with the new market reality and adjust their prices accordingly. It's good news for your wallet—just be aware that many luxe listings won’t linger on the market indefinitely. For more information, check out Brick Underground’s tips on buying a luxury apartment in NYC.
Say hello to 2016 pricing. Or a number very close to it. This Carnegie Hill co-op, 11 East 92nd St., #3R4F4R, has three beds, three baths, and a terrace. It is a duplex, located on the third and fourth floors of a 25-foot-wide limestone mansion. The asking price is $3,100,000, which reflects a 5 percent price cut in October, and is $105,000 more than what the co-op sold for in July 2016.
Here you get classic prewar details and some updates, including three fireplaces, 11-foot ceilings, crown moldings, newly refinished wide plank floors.
The living room’s wood-burning fireplace has an oak and marble mantel, and a south-facing bay window with a view of Central Park. There’s a bedroom off the living room, near a full bath.
The chef’s kitchen has a Sub-Zero refrigerator, Gaggenau stovetop, Viking range and oven, and Bosch dishwasher. There’s also a polished granite workspace and another working fireplace. The apartment also has a separate dining area and an adjacent study.
Two bedrooms are located downstairs and have storage as well as renovated Italian Artelinea bathrooms. One of these is the master bedroom; it has the third working fireplace. There is also a large linen closet and new washer and dryer on the floor.
The terrace is nearly 300-square-feet.
The nine-unit building was built in 1925 and has a new elevator.
It is also pied-à-terre and pet friendly and has common storage areas in the basement. The location, off Fifth Avenue, is near museums, galleries, shopping, and restaurants.