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Gracie Gardens, 525 East 89th Street, #5A

$1,075,000 | 2 beds, 2 baths
Building Profile  | 
923 days on Market

Key Details

  • Listed: May 13, 2022
    Last Price Change: ($100,000) on May 20
    Days on Market: 923
    Building Type: Cooperative
    Neighborhood: Yorkville (Manhattan)
    Doorman: FT Doorman
    Listing viewed 247 times
Monthly Maintenance: $3,241
Est. Monthly Mortgage: $5,348
Total Est. Monthly Carrying Cost: $8,589
Note: the above is based on a down payment of 25% ($268,750), which is the minimum amount permitted by the building.

Description

Apartment 5A at 525 East 89th Street is a spacious 1,351 square foot 5.5 room home situated on a very quiet and leafy block in the Gracie Gardens complex. Situated on the 5th floor and windowed on 3 sides, apartment 5A has terrific light due to the low-rise (6 storied) configuration of the buildings. Upon entering, there are two closets off the entry vestibule leading to a very spacious gallery with yet another closet.

The sunny south-facing Living Room measures over 12 x 22 feet and the room is anchored by a decorative fireplace. There are high 8’-9" ceilings and prewar details throughout. The windowed kitchen has GE appliances and there is a stackable Miele washer/dryer off the bedroom hallway.

The south-facing primary Bedroom Suite has three closets and an en suite bathroom. The second Bedroom also has an en suite bathroom.

Built in 1942 and designed by Sylvan Bien, 525 East 89th Street is one of two 6-story buildings which share a lovely central courtyard with its beautifully landscaped garden.

The 2 buildings have 4 different addresses (515 and 525 East 89th; along with 520 and 530 East 90th) and comprise approximately 138 Units. The numerous amenities in this pet-friendly cooperative include: 24-hour Doorman, a live-in Resident Manager, Central Laundry Room, Bike Room, and Storage Room. The building allows 80% Financing, and pied-a-terre living is allowed.

There is a $324/month assessment until December, 2023.

525 East 89th Street is located between York and East End Avenues and is convenient to numerous neighborhood restaurants and services. The 86th Street cross-town bus stop is down the block on York and 90th and the entrance to the Q train is at 94th and Second Avenue. The immediate proximity to Carl Schurz Park (a true gem of a park) and the East River Promenade (stretching south to the 59th Street Bridge and north to Randall’s Island and beyond) are perhaps the most prominent standout features of the neighborhood.

The security of being adjacent to Gracie Mansion is also a plus. What’s more, the Asphalt Green athletic complex, with its Olympic pool (one of only several 50-meter pools in Manhattan), training facilities, and huge soccer field is a huge draw for the neighborhood.

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Apartment Amenities

  • City View
Listing courtesy of Corcoran Group

Pricing History

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About Gracie Gardens, 525 East 89th Street

69

Gracie Gardens, 525 East 89th 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
+
13
Out of 39
+
8
=
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:
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:
Exists 1 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:
Attractive 2 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:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 20 blocks 4 out of 5 points
Views:
Open 2 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:
3-5 Short Blocks 1 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:
6-10 Short Blocks 1 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:
10-15 1 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:
Substantial 2 out of 2 points
Storage Rooms:
None 0 out of 2 points
Bay Windows:
Some 1 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:
Yes 1 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: 1981
  • FT Doorman
  • Pre War
  • Resident Storage
  • Garden
  • Elevator

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Pros
  • Doorman
  • Many bay windows
  • Some fireplaces
  • Canopied entrance
  • Sidewalk landscaping
  • Close to FDR Drive
  • Close to cross-town bus
  • Close to Asphalt Green Recreation Center
  • Close to Carl Schurz Park
  • Close to the East River
Cons
  • No garage
  • Several steps up entrance
  • No balconies
  • No roof deck
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