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111Units
16Stories
1958Year Built
$911K - $4.9MValue Range
Available Units
For Sale
For Rent
No Units Available
Highlights
Doorman
P.S. 6 Lillie D. Blake Rated A
Fitness Center
On-Site Retail
Rooftop Deck
4 min walk to Central Park
A rare midcentury condo on the Upper East Side’s ‘Gold Coast’
In a sea full of early-20th century co-ops, a condo on Manhattan’s Upper East Side is a rare fish indeed, especially for Madison Avenue. “The ‘Gold Coast’ Upper East Side is mainly co-ops, which can be quite restrictive,” says David Salvatore, founder of Red Jacket Residential. “This particular building is very unusual in that it’s a condo. It was built in 1958, so it’s very midcentury in its facade. While it’s surrounded by historic buildings, it’s much more modern than the rest.” Despite being a condo, Salvatore points out that residents have services that are traditional to co-ops, but perhaps more than that, the building’s most attractive feature is its location. “It’s [technically located at] 40 East 78th street, but the entire facade faces Madison Avenue,” Salvatore adds. Residents are nestled right in between two famous hotels — The Mark Hotel, complete with its trendy restaurants, and the legendary Carlyle Hotel, known for its celebrity guests — and just a short distance from Central Park and the Met Museum. “You’re in an unusual little bubble. It’s what people imagine the Upper East Side to be all about. It has the best stores and the best environment.”
Newly renovated lobby, common spaces and spacious roof deck
Just last year, in 2023, the lobby was renovated, resulting in a clean, minimalist design. “You know how sometimes people can go ‘too’ modern? This has a modern, but welcoming feel,” Salvatore says. And Matylda Pearson, a broker with Corcoran, agrees: “The lobby is brand new. It feels like you’re in a new development when you walk into the building. It’s very home-y with gorgeous staging — a very nice couch and coffee table with chairs on either side.” In addition to the lobby reno, the hallways, service area and facade of the entrance were also updated. It also has the ultra-rare (for the UES) private garage under the building. “A lot of the buildings on Park and Fifth Avenue were built before the Depression Era where cars were not an item, so this is a great modern feature,” Salvatore says. “You enter it on 77th Street and when you park your car — say you went shopping — you can take the elevator directly to the floor of your apartment, which for this area of town is unheard of.” Parking spots are leased, either by the month or year, with prices generally ranging between $700 to $1,000 per month, depending on the type of vehicle.
Residents also have access to a gym and furnished rooftop deck with lounge chairs, tables, planters and panoramic views to the south and east. “It’s an incredible roof deck. You’re seeing all of Central Park, Central Park South with its magnificent towers, and down to the Empire State Building,” Salvatore remarks. There’s also a live-in super, who according to Salvatore goes “beyond the call of duty,” a full-time elevator operator and door attendant. Both agents also state that the building is always well-maintained: “I always advise my buyers to go downstairs to the basement and if you have any smell, that’s normally a sign of bad management, but it’s very clean,” Pearson says. “It’s a good management company. It’s the main key. Eventually, I may even end up living in that building.”
One- to four-bedroom units with multimillion dollar price tags
The building originally harbored 111 units, but since there have been combinations over the years, the number is now closer to 102. “It’s very liveable, luxurious and also functional,” Salvatore says. “From many of the apartments, you have a direct view of Central Park. There’s something wonderful about seeing if you need an umbrella, seeing people walking or pulling up to the Carlyle for the evening. It’s just very ‘New York-y’ — it’s what people imagine New York to be — in that fantasy, movie aspect of life.”
Prospective buyers can generally expect hardwood floors, marble-clad bathrooms and galley kitchens, some of which have been updated to include Calacatta marble or granite countertops and Gaggenau or Miele appliances. “I’ve had units in the building that were never renovated since the original sponsor released them, and also newly renovated units with Brazilian wood or herringbone floors,” Pearson says. The owner of her current listing, for instance, invested close to $800,000 in renovations when he purchased it in 2011. “That apartment is so spotless. You can’t even find a scratch on the wall,” she adds. Eight of the units in Charles House include former staff rooms, which can be used as offices, separate apartments or art studios. Many residences have in-unit washer/dryers, but the smaller units do not. One-bedrooms typically start at $950,000 for between 700 to 1,200 square feet, while two-bedrooms generally run between $1.73 million and $2.75 million for 1,200 square feet and up. Three-bedrooms range between $3.2 million and $6.7 million, while four-bedrooms run between $3.2 million and $7.2 million, depending on square footage and renovations. Pearson highlights that the common charges are a bit lower compared to other UES condo locations. “For similar square footage, they’d be $5,000 to $6,000 dollars per month, whereas ours are just over $3,000,” she says.
Fine Print
“There’s an 11-year assessment for renovations, and another special assessment that’s going to expire next spring, depending on the size of the unit,” Person notes. Prices generally range around $326 per month for capital improvements and roughly $333 per month for the special assessment, which ends in April 2025. Also, prospective buyers should know that the board requires owners to put in new windows within a few months of the initial sale. “It’s an important point for buyers. Depending on the amount of windows, it could cost you between $80,000 and $100,000,” she adds.
An upscale location near Manhattan’s largest greenspace
Located on Madison Avenue and 78th Street within Metropolitan Hill, Charles House is conveniently located down the street from Central Park and nestled in between the boutiques along Fifth Avenue and the thoroughfare of Park Avenue. One of the world’s best art museums, the Metropolitan Museum of Art, is just five blocks away. The 4 and 6 trains are on 77th Street and Lexington Avenue, which is roughly a five-minute walk from the building.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
2/ 10
Very Bikeable
Bike Score®
81/ 100
Walker's Paradise
Walk Score®
96/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Central Park
4 min walk
Ancient Playground
9 min walk
Great Lawn
13 min walk
Picnic Area
Trails
Events
John Jay Park
15 min walk
Basketball
Picnic Area
Pool
Abraham and Joseph Spector Playground
3 min drive
Playground
Theodore Roosevelt Park
3 min drive
Dog Park
Picnic Area
Trails
Grand Army Plaza
3 min drive
W 87th Street Park & Garden
4 min drive
Picnic Area
Playground
Ruppert Park
4 min drive
Picnic Area
Trails
Playground
Schools
Source:
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