NOT LISTED FOR SALE

12 E 88th St Unit 5B New York, NY 10128

Carnegie Hill Neighborhood

Estimated Value: $988,000 - $8,174,000

5 Beds
5.5 Baths
3,690 Sq Ft
$4,450/mo HOA Fee

Last Sold November 15, 2018

Last sale price $8,950,000 $2,425 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $39,509/month

110 Days on Market

Highlights

  • Full Time Doorman
  • New Bathroom
  • Pre War Building
  • P.S. 6 Lillie D. Blake Rated A
  • New Kitchen
  • 4-minute walk to Ancient Playground

About This Home

As of November 2018

Pre-War Candela Condominium on Landmarked East 88th StreetGraciously appointed with stunning pre-war detailing, Residence 5B spans a half-floor at 12 East 88th Street and features five bedrooms and five and a half baths with 3,690 SF of thoughtfully-designed interior space. The residences generously-scaled living/dining room, study, and kitchen face landmarked East 88th Street, offering charming, historic views of the blocks landmarked townhomes. The oversized chefs kitchen features custom wood cabinetry, Covelano Oro marble countertops and backsplash, and appliances by Wolf and Sub-Zero. A separate wet bar allows for seamless entertaining. The generous master suite features three oversized closets and an en-suite, five fixture master bath with Dolomiti White marble walls, floors, and counters, a soaking tub, and a separate shower. A separate laundry room allows for ultimate convenience. Immediate occupancy.Located in the heart of Carnegie Hill, Manhattans most distinguished Upper East Side neighborhood, adjacent to the Guggenheim Museum and less than a block away from Central Park, 12 East 88th Street is the classic pre-war condominium residence updated with modern conveniences, finishes, and features. Designed nearly a century ago by the famed Gilded Age architect, Rosario Candela, 12 East 88th Street offers a rare pedigree. Each residence has been thoughtfully rescaled for the needs and tastes of modern residents, with updated touches by renowned firm Champalimaud Design. Curated amenities include a fitness center and playroom leading onto a landscaped terrace.The complete offering terms are in an offering plan available from Sponsor. 12 East 88th LLC, 757 3rd Avenue, 17th Floor, New York, NY 10017. File No. CD14-0260. The artist and computer renderings, photographs, interior decorations finishes, fixtures, appliances and furnishings are provided for illustrative purposes. Sponsor makes no representation warranties except as may be set forth in the Offering Plan. Equal Housing Opportunity.

Last Agent to Sell the Property

Steven Cohen

Douglas Elliman Real Estate License #10301216895 Listed on: 06/27/2018

Douglas Elliman Real Estate

Co-Listed By

Tara King-Brown

Corcoran Group License #10301208093

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $57,156

Year Built

  • Built in 1931

Lot Details

  • Home has North and South Exposure
  • Property is in good condition

HOA Fees

  • $4,450 Monthly HOA Fees

Home Design

  • 3,690 Sq Ft Home
  • Sponsor Unit
  • Pre War Building

Bedrooms and Bathrooms

  • 5 Bedrooms
  • New Bathroom

Additional Features

  • New Kitchen
  • Cooling Available

Listing and Financial Details

  • Tax Block 611499

Community Details

Overview

  • 39 Units
  • 2 Elevators
  • 12 East 88Th Street Condos
  • Carnegie Hill Subdivision
  • 13-Story Property

Amenities

  • Full Time Doorman
  • Courtyard
  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$57,156

Year Built

Built in 1931

Lot Details

0

HOA Fees

$4,450 per month

Listing Details

  • Cross Street: Fifth Avenue & Madison Avenue
  • Exposures: North, South
  • SponsorUnitYN: Yes
  • BuildingRules: BuildingWasherDryerAllowed
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Carnegie Hill
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 13

Interior Features

  • Interior Features: Eat In Kitchen
  • Living Area: 3690.0
  • Living Area Units: Square Feet
  • Kitchen Condition: New
  • Floor Number: 5

Beds/Baths

  • Bathroom Condition: New
  • Bathrooms Total: 5.5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bedrooms: 5

Exterior Features

  • Exterior Features: Building Courtyard
  • Property Condition: Good

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 4450.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 100.0 x 100.0

Building Info

  • New Construction: No
  • New Development: No
  • Building Name: 12 East 88th Street
  • Elevators: 2
  • Units: 39
  • Total Stories: 13
  • Year Built: 1931
  • Roof Rights: No
  • Lobby Attendance Type: DoormanFullTime

Tax Info

  • Tax Block: 611499
  • Building Tax Lot: 611499
  • Tax Annual: 57156.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2018
Closed on
Nov 15, 2018
Sold by
12 East 88Th Llc
Bought by
Mendoza Roberto and Perez Isabel
Seller's Agent
Steven Cohen
Douglas Elliman Real Estate
List Price
$8,950,000
Sold Price
$8,950,000
Current Estimated Value
$5,392,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,557,831
Avg. Annual Appreciation
-4.91%
Original Mortgage
$3,500,000
Outstanding Balance
$3,101,575
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,297,152
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mendoza Roberto $8,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendoza Roberto $3,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $8,950,000 0.0% $2,425 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $8,950,000 -- $2,425 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $63,343 $508,703 $66,463 $442,240
2024 $63,343 $506,662 $66,463 $440,199
2023 $50,772 $501,682 $66,463 $435,219
2022 $50,756 $513,621 $66,463 $447,158
2021 $58,754 $478,956 $66,463 $412,493
2020 $50,098 $530,489 $66,463 $464,026
2019 $49,103 $518,570 $66,463 $452,107
2018 $56,932 $478,834 $66,463 $412,371
Source: Public Records

Agents Affiliated with this Home

  • Steven Cohen

    Seller's Agent in 2018

    Steven Cohen

    Douglas Elliman Real Estate

    (917) 834-4287

    2 in this area

    102 Total Sales

    Steven Cohen
    Section Image
  • Tara King-Brown

    Seller Co-Listing Agent in 2018

    Tara King-Brown

    Corcoran Group

    (917) 371-0551

    58 Total Sales

    Tara King-Brown
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10417523

Real Estate Board of New York (REBNY)

APN: 1499-1118

New York New York County New York 10128 Carnegie Hill

12 E 88th St Unit 5B, New York, NY

This home is located at 12 E 88th St Unit 5B, New York, NY 10128 since 27 June 2018 and is currently estimated at $5,392,169, approximately $1,461 per square foot. This property was built in 1931. 12 E 88th St Unit 5B is a home located in New York County with nearby schools including P.S. 6 Lillie D. Blake, Robert F Wagner Middle School, and Clinton School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

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