$2,622,496Average Value$1,642Average Price per Sq Ft150Homes For Sale
Upscale yet neighborly enclave next to Central Park
Carnegie Hill, a 40-square block neighborhood on Manhattan’s Upper East Side, is known for its quiet streets, proximity to Central Park and major cultural institutions, including the Guggenheim Museum and the 92nd Street Y. The area gets its name both from its high elevation and the location of Andrew Carnegie’s mansion, built in 1902 on 91st Street and Fifth Avenue, and later transformed into the Cooper-Hewitt Design Museum. With luxury high-rises on well-manicured Park Avenue and low-rise buildings and townhouses on tree-lined side streets, along with local cafes, restaurants and bakeries, the neighborhood seems almost quaintly residential for being in such a bustling city. “The skyline is very low, so when you walk around, you get a very village-y feel,” says Daniela Kunen, an associate broker at Douglas Elliman who has been living and selling homes in Carnegie Hill for over 30 years.
The Solomon R. Guggenheim Museum is an art museum located in the Carnegie Hill neighborhood.
Directly bordering Carnegie Hill, is New York City's notorious Central Park.
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Prewar co-ops and luxury Central Park views
High-rise condominiums line the avenues, from Third to Fifth avenues, while low-rise brick co-ops and apartment buildings occupy the side streets, with occasional stretches of townhouses in between. The neighborhood’s median home price of $2.3 million partially represents the market, but many units go for much more — and much less. “Studios might be $600,000 or $700,000,” says Kunen, while prewar one-bedrooms go up to $1.8 million. Condos are typically upwards of $2 million in both new constructions and older buildings, such as the Park Avenue Court, which was converted from a Gimbel’s department store in 1989. Multi-bedroom units in white-glove buildings on Fifth, Park and Madison avenues, as well as grand single-family townhouses, soar into the tens of millions.
In Carnegie Hill, you'll find grand multimillion-dollar townhouses.
Townhouses line the streets of the Carnegie Hill neighborhood.
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Casual upscale and locally owned eateries and markets
The designer boutiques that make Madison Avenue famous begin up in Carnegie Hill and continue south into Lenox Hill. Locally owned shops, such as The Corner Bookstore that opened in 1978, and Noglu bakery, an authentic French patisserie, add to the neighborhood’s charm. “There’s a huge amount of personal connection between the businesses and residents in the neighborhood,” says Joanna Cawley, a longtime Carnegie Hill resident who works as the Executive Director of the neighborhood association Carnegie Hill Neighbors. Lexington and Third avenues are a bit more bustling, with bodegas, cafes and grocery stores, including a Whole Foods and a Target. Lunch, brunch and dinner spots range in prices and formality — from white tablecloth French at Pascalou and Instagram-worthy bites at the South African Kaia wine bar, to sandwiches and salads at Eli’s and Butterfield Market. Cocktail spots and date-night restaurants are mostly found in neighboring Yorkville, along Second Avenue.
Westside Market is a staple in Carnegie Hill.
Noglu in Carnegie Hill if often packed with local customers.
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Steps from Central Park’s reservoir
Central Park, at Carnegie Hill’s doorstep, is one of the neighborhood’s biggest perks. The Jacqueline Kennedy Onassis Reservoir butts up against Carnegie Hill to give residents a 1.58-mile running path around the water, with golden sunset views of the Upper West Side skyline. The Margaret L. Kempner playground, one of the park’s biggest playgrounds, draws in kids with its craftsman-inspired wooden jungle gyms. On 96th Street, the Samuel Seabury Playground gives families another outdoor rec option.
The Jacqueline Kennedy Onassis Reservoir is a peaceful oasis.
Locals exercise along Central Park's reservoir near Carnegie Hill.
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Grade-A public and private schools, including Spence
Carnegie Hill is within District 2 of the NYC public school system. That gives residents access to schools with grade-A Niche ratings such as P.S. 77 Lower Lab and P.S. 6 Lillie D. Blake for kindergarten through fifth grade. P.S. M169 Robert F. Kennedy teaches kindergarten through 12th grade, and Hunter College High School covers ninth through 12th. The Dalton School and the all-girls Spence School are highly competitive private kindergarten through 12 options with A-plus Niche ratings in the neighborhood. While the 92nd Street Y isn’t a school, it offers arts and recreation classes to kids and adults and is a city-wide destination for speaker series and events by celebrities and intellectuals.
Private schools in Carnegie Hill include Dalton.
Hunter College High School is in Carnegie Hill.
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Halloween DJs for families
Carnegie Hill Neighbors organizes an annual Halloween Spooktacular block party on 92nd Street to give families across the city a dedicated space to celebrate. “A huge amount of the people who come to the Spooktacular do not live in Carnegie Hill,” says Cawley. “The reason is because they feel comfortable with their kids here kind of relatively unsupervised.”
CHN's Spooktacular is a day full of fun, music, and trick or treating.
CHN"S Spooktacular event is highly anticipated by the residents of the community.
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Limited subway lines but buses save the day
Subway access in Carnegie Hill is restricted to the 6 train, which has stops along Lexington Avenue at 86th and 96th streets. However, farther east on Second Avenue, another 96th Street station has the N and the Q trains. Thankfully, nearly 10 different bus lines provide access to both lower Manhattan and Harlem, and the 96th Street crosstown bus cuts through Central Park to visit the Upper West Side.
Carnegie Hill has many transit options including the subway and buses.
The Second Avenue line runs into the heart of Carnegie Hill.
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On average, homes in Carnegie Hill, Manhattan sell after 129 days on the market compared to the national average of 52 days. The median sale price for homes in Carnegie Hill, Manhattan over the last 12 months is $1,980,000, down 4% from the median home sale price over the previous 12 months.
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