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In Contract

530 East 86th Street, #7A

$2,495,000 ($998 per ft2) | 3 beds, 3 baths | Approx. 2,500 ft2
Building Profile  | 
499 days on Market

Key Details

  • Listed: Jul 11, 2023
    Last Price Change: ($100,000) on Sep 22
    Days on Market: 499
    Building Type: Cooperative
    Neighborhood: Yorkville (Manhattan)
    Doorman: FT Doorman
    Listing viewed 111 times
Monthly Maintenance: $5,291 ($2.12/ft2)
Est. Monthly Mortgage: $8,275
Total Est. Monthly Carrying Cost: $13,566 ($5.43/ft2)
Note: the above is based on a down payment of 50% ($1,247,500), which is the minimum amount permitted by the building.

Insider Highlights

  • Spacious Pre-War Apartment: This 3-bedroom, 3-bathroom apartment spans approximately 2,500 ft2 and features high ceilings, herringbone wood floors, and a wood burning fireplace. The layout includes a large living room, separate dining room, and a separate library, with the potential to create a large chef’s kitchen.
  • Full-Service Cooperative Building: Built in 1928, this cooperative building offers a full-time doorman, live-in resident manager, storage downstairs, a bike room, and a planted garden. The building also has a small fitness room and allows 50% financing.
  • Prime Yorkville Location: The apartment is located in the Yorkville neighborhood, steps away from Carl Schurz Park and the East River Promenade. It offers easy access to the Q, 4,5 and 6 trains as well as the crosstown bus, and is close to shopping destinations like Fairway and Wholefoods.
  • Monthly Maintenance and Fees: The apartment is listed for $2,495,000 ($998 per ft2) with a monthly maintenance fee of $5,291 ($2.12/ft2). The total taxes and fees also amount to $5,291 ($2.12/ft2).
  • Building Details: The building was converted to a cooperative in 1950 and houses 47 apartments across 15 floors. It is almost an identical twin of the adjoining building to the east, No. 530, which was erected one year earlier.
  • Potential Cons: While the building and apartment offer many amenities, potential downsides include protruding air-conditioners, lack of sidewalk landscaping, no balconies, no garage, and no health club. The neighborhood also still has many tenement structures.

Description

Sunny and spacious south facing 3-bedroom home with endless potential. This gorgeous pre-war apartment has the most gracious layout and lovely details throughout. Wood burning fireplace, amazing casement windows, high ceilings, and herringbone wood floors.

As you enter into the gracious entry gallery, you are wowed by the inviting entertaining space, a large living room, separate dining room and a separate library, three large bedrooms and the potential to make a huge chef’s kitchen. There is also a staff room or additional bedroom. Excellent closet space and washer and dryer is allowed.

530 East 86th Street is a full-service coop located on the Upper East Side steps from Carl Schurz Park and the East River Promenade. There is great shopping nearby including Fairway and Wholefoods, easy access to the Q, 4,5 and 6 train as well as the crosstown bus. The building has a full-time doorman, live in resident manager, storage downstairs, a bike room and a planted garden.

There is a small fitness room. 50% financing allowed and a 2% flip tax paid by the buyer.

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Listing courtesy of Corcoran Group

Pricing History

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About 530 East 86th Street

69

530 East 86th Street has received a CityRealty Rating of 69, 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

23
Out of 44
+
25
Out of 36
+
12
Out of 39
+
9
=
69
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Dramatic 3 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:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
No 0 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:
No 0 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:
More than 50 blocks 0 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 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:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
Less than 3 Short Blocks 2 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:
Quite Stylish 3 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
None 0 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:
Some 1 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

  • FT Doorman
  • Pre War
  • Resident Storage
  • Washer/Dryer in building
  • Elevator

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Pros
  • Doorman
  • Consistent fenestration
  • Almost identical twin of 520 East 86th Street- adjacent to the west
  • Excellent crosstown bus service
  • Very handsome- canopied entrance
  • Down the block from Carl Schurz Park
  • Not too far from fine private schools
  • Attractive street
Cons
  • Protruding air-conditioners
  • No sidewalk landscaping
  • No balconies
  • No garage
  • No health club
  • Neighborhood still has many tenement structures
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