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The Courtlandt, 40 East 88th Street, #PH14E

$4,750,000 | 3 beds, 4 baths
Building Profile  | 
359 days on Market

Key Details

  • Listed: Nov 9, 2023
    Last Price Change: ($245,000) on Oct 7
    Days on Market: 359
    Building Type: Cooperative
    Neighborhood: Carnegie Hill (Manhattan)
    Doorman: FT Doorman
    Listing viewed 451 times
Monthly Maintenance: $7,649
Est. Monthly Mortgage: $15,737
Total Est. Monthly Carrying Cost: $23,386
Note: the above is based on a down payment of 50% ($2,375,000), which is the minimum amount permitted by the building.

Open house:

  • The afternoon of Saturday, Nov 2
By appointment only.

Insider Highlights

  • Prime Location: This spacious 2,750 square foot penthouse is located in the prime Carnegie Hill neighborhood, within close proximity to Central Park, Museum Mile, fine restaurants, galleries, and boutiques. It's also conveniently close to subway and good cross-town bus service.
  • Spacious and Versatile: The penthouse features 3 bedrooms and 4 bathrooms, light-flooded and beautifully proportioned rooms, a versatile floorplan with high ceilings and ample storage, and a large setback terrace perfect for outdoor dining and entertainment.
  • Quality Amenities: The building offers a state-of-the-art gym, laundry room, bicycle storage room, full service garage and fitness center. It also provides full-time doorman and concierge services for maximum privacy and excellent security.
  • Pet and Family Friendly: This is a pet-friendly building, zoned for P.S. 6 - Lillie D. Blake Elementary School and close to other excellent educational institutions, making it perfect for families.
  • Additional Features: The penthouse comes with a private storage locker and an in-unit washer/dryer. It also features a wood-burning fireplace with a beautiful marble mantelpiece.
  • Architectural Elegance: The property is housed in a historic 1930 Art Deco building designed by noted architects, meticulously restored to its original design. It boasts original architectural details such as terrazzo flooring, oak herringbone parquet flooring, and detailed crown moldings.

Description

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.

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Apartment Amenities

  • Washer/Dryer in apt.
Listing courtesy of Sothebys International Realty

Pricing History

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About The Courtlandt, 40 East 88th Street

71

The Courtlandt, 40 East 88th Street has received a CityRealty Rating of 71, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

26
Out of 44
+
23
Out of 36
+
13
Out of 39
+
9
=
71
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Very Attractive with Trees 4 out of 5 points
Distance To Neighborhood Center:
Less than 40 blocks 2 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
A lot 0 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
3-6 Short Blocks 1 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Stunning 5 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Conversion Year: 1958
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Full Service Garage
  • Elevator
  • Fitness Center
  • Laundry Room
  • In-Unit Washer/Dryer
  • Bike Room
  • Landmarked
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Very attractive Art Deco-style building
  • Many units have terraces
  • Not far from Central Park
  • Close to many important cultural institutions
  • Close to many private schools
  • Good local shopping
  • Prime Carnegie Hill location
  • Canopied entrance
  • Very impressive lobby
  • Doorman
  • Close to Subway
Cons
  • No sidewalk landscaping
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Subways

  1. 4
  2. 5
  3. 6
at Lexington Ave 0.19 miles

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