Magnum Real Estate Group’s 389 E 89, a re-imagination of condominium living in NYC, is now more than 50% sold following its sales launch last spring. Images of the model residences designed by renowned Australian architect Paris Forino reveal the caliber of luxury the building will offer while maintaining an affordable price point, with spacious studios starting from $740,000. As nearly half of the building's 156 residences are already in contract or sold, the team has attributed its ongoing success to an unbeatable trifecta: Forino’s thoughtful design, the affordable yet luxurious finishes and amenities, and the building's prime Upper East Side location.
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The 33-story tower is comprised of 156 spacious and light-filled residences, boasted to capture classic uptown living with a modern touch. Forino’s design centers on rich color palettes and materials that respect the abundant natural light brought in by the windows. The model residences reflect the elegant and urban experience of life within the building, with furnishings by ABC Carpet and Home, Restoration Hardware, and Design within Reach. Each features Waterworks fixtures and Miele appliances – sustainable choices in luxurious finishes. The overall effect is a residence that appeals to young professionals and families alike, especially in context of its full amenity package and prime UES location.
Residents will have access to all the perks and privileges that a more expensive building would offer. The amenity package includes a 24-hour concierge and doorman, a fitness center, a lounge with private outdoor event space, a children’s playroom, private storage, and bicycle storage. The building will also feature a garden terrace and a landscaped rooftop terrace, complete with a variety of lush greenery. The gorgeous selection of plants will include Acer palmtum bloodgood, Betula nigra, Calamagrostis arundinacea, Nepeta Walker’s Low, and Pinus leucodermis Irish Bell.
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Situated in the heart of the Upper East Side's Yorkville neighborhood, 389 E 89 stands within walking distance to the newly-opened Second Avenue Subway line, Central Park to the west and Carl Schurz Park to the east. Along the way are a multitude of excellent restaurants, notable cultural destinations, and esteemed primary schools. The new subway line will benefit residents with the ease and convenience to travel throughout the neighborhood, Midtown and downtown - an incentive that has been attractive for those looking to move to the area, as well as those already in the Upper East Side looking to stay.
Current availabilities inside 389 E 89 include studios starting at $760,000, 1-bedroom units starting from $1.18 million, 2-bedroom units starting from $1.805 million, and 3-bedroom units starting from $2.8 million. According to our listings, there are currently 204 apartments for sale in Yorkville for a median price of $2,197,500, or $1,640 per square foot. As of March 1, the average closing price for a condo in the neighborhood stands at $1,512 per square foot, up 8% from the average closing price of $1,406 per square foot during the same point last year.
Yorkvile's condo closing average compared to the Manhattan average; CityRealty
Google Earth aerial view of 389 E 89
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New Developments Editor
Ondel Hylton
Ondel is a lifelong New Yorker and comprehensive assessor of the city's dynamic urban landscape.
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