$4,275,000
SOLD MAR 27, 2025
3 Beds
3.5 Baths
-- Sq Ft
$7,649/mo HOA Fee

Recently Sold

22% Below List Price

404 Days on Market

Highlights

  • City View
  • 5-minute walk to 86 Street (4,5,6 Line)
  • 1 Fireplace
  • P.S. 6 Lillie D. Blake Rated A
  • 16,560 Sq Ft lot
  • 5-minute walk to Ancient Playground

About This Home

As of March 2025

A captivating and comfortable 1930 penthouse high atop one of Carnegie Hill’s Art Deco gems, designed by noted American architects Sugarman (a J.E.R. Carpenter alumnus) & Berger. The chic and charming 2,750 square foot, 8 room cooperative apartment boasts any gardener’s delight - a 43.5 foot long setback terrace, perfect for outdoor dining and entertainment. This exceptional aerie, available for the first time in 50 years, was custom designed for a daughter the building’s owner and was once home to iconic American actor and comedian Milton Berle. Light-flooded and beautifully proportioned, the apartment features a 23 foot Gallery with original terrazzo flooring. An enfilade of 3 gracious reception rooms overlooks the 300 square foot terrace. In the vast 27.5 foot Living Room, a pair of original steel casement French doors bookend a wood-burning fireplace with a beautiful marble mantelpiece. The adjacent corner Library/Third Bedroom and a sunlit corner Solarium/Study with original slate flooring and art glass steel casement windows also overlook the terrace. The Gallery leads to a generous Dining Room, which adjoins the Solarium. Authentic Art Deco architectural details include oak herringbone parquet flooring, whimsical leaded art glass windows, detailed crown moldings and period tilework throughout. This classic Upper East Side residence also includes 3 large Bedrooms, 4 Bathrooms, a corner south-facing windowed Kitchen, and a Staff or 4th Bedroom. The versatile floorplan is thoughtfully designed with superb scale, ceilings measuring 9 foot, 6 inches and outstanding storage (15 closets). The elegant Art Deco Lobby at 40 East 88th Street has been meticulously restored to its original design. Amenities include a state-of-the-art gym, a central Laundry Room, and a bicycle storage room. The well-staffed cooperative affords maximum privacy and excellent security, with a Resident Manager and full-time Doorman and Concierge services. Dogs and cats are permitted, as is financing of up to 50% of the purchase price. Washer/dryers are permitted with Board approval. There is currently in place a monthly Operating Assessment of $2,670 through December 2024. Its prime location at the corner of Madison Avenue and East 88th Street (at the crest of the Carnegie Hill) is in close proximity to Central Park, Museum Mile and is convenient to the fine restaurants, galleries and boutiques of Madison Avenue. 40 East 88th Street is zoned for P.S. 6 - Lillie D. Blake Elementary School and is close to a number of other excellent educational institutions. The apartment transfers with a private storage locker.

Last Agent to Sell the Property

Roberta Golubock

Sothebys International Realty License #30GO0417222 Listed on: 11/09/2023

Sothebys International Realty

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1930

Lot Details

  • 0.38 Acre Lot

HOA Fees

  • $7,649 Monthly HOA Fees

Interior Spaces

  • 1 Fireplace
  • City Views
  • Dishwasher
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms

Community Details

  • 87 Units
  • Carnegie Hill Subdivision
  • 15-Story Property

Listing and Financial Details

  • Legal Lot and Block 0051 / 01499

Property Details

Home Type

Co-Op

Year Built

Built in 1930

Lot Details

0

HOA Fees

$7,649 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Carnegie Hill
  • Structure Type: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: Coop
  • Stories: 15

Interior Features

  • Appliances: Dishwasher
  • Fireplace Features: Other
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Bathrooms Integer: 4
  • Bedrooms: 3

Exterior Features

  • View: City, Park/Greenbelt
  • View: Yes

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 7649.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Stock Cooperative

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 16560.0
  • Lot Size Dimensions: 101.0 x 164.0

Building Info

  • New Construction: No
  • Units: 87
  • Total Stories: 15
  • Year Built: 1930

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01499
  • Tax Lot: 0051

Multi Family

  • Building Area Units: Square Feet

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2025 03/27/25 Sold $4,275,000 -1.7% --
12/18/2024 12/18/24 Pending -- -- --
11/20/2024 11/20/24 Price Changed $4,350,000 -8.4% --
10/07/2024 10/07/24 Price Changed $4,750,000 -4.9% --
05/07/2024 05/07/24 Price Changed $4,995,000 -9.2% --
11/09/2023 11/09/23 For Sale $5,500,000 -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10961744

Real Estate Board of New York (REBNY)