324-328 E 89th Street
MLS® #RLS10751506
Listing by Compass
20
Bedrooms
20
Baths
34,760
Sq. Ft.
N/A
Year Built
Quick Summary
Property Highlights
- Style: Prewar architecture
Property Details
Description
We have been retained on an exclusive basis to facilitate the sale of 324-328 and 327 East 89th Street on the Upper East Side. These four magnificent, 25' wide brownstones total 40 units spread over ~35k SF above-grade with six rent-stabilized and two rent-controlled units. Two of the buildings have only one regulated unit between them with 327 E. 89th having one RS unit and seven vacancies, and 328 E. 89th being fully free-market. They have been well-maintained and owned by the same family for three generations. The high percentage of free-market units offers investors numerous opportunities: A. Keep the in-place income and lease up the remaining units (current ownership has intentionally left vacancies in preparation for a sale) for a solid rate of return in already renovated buildings; B. Combine each floor into floor-through luxury units that would rent or sell at a premium upon converting to condominiums or single-families; C. Install an elevator in between the contiguous buildings and create a 50' or 75' masterpiece in a highly-desired part of Manhattan where condominium and single-family sales range upwards of $2,500 / SF for 25' wide brownstones. This is a truly remarkable opportunity to own a part of old NYC that is only a few blocks from the new second avenue subway line. Please reach out to request the DHCRs, a Pro Forma, or for any other questions. Ownership would prefer to sell as a portfolio but will consider all offers.
Building Information
About Upper East Side
View All Upper East Side ListingsThe Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its quiet, tree-lined streets, the neighborhood offers a refined lifestyle away from the midtown bustle. While famous for its historic cooperatives, the area has seen a recent surge in ultra-luxury new construction condos, particularly along the Second Avenue Subway corridor, making it a top choice for both traditionalists and modern buyers.
Upper East Side Live Market Data
View NeighborhoodActive Listings
328
Median Asking Price
$1.30M
Median $/Sqft
$1,525
Avg Days on Market
N/A
New This Week
32
Price Reduced
22%
Sold (30 Days)
32
Median Sale Price
$1.44M
Live data from RLS at REBNY • Updated 3/24/26, 8:14 AM EST
Recently Sold in Upper East Side
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Location
324-328 E 89th Street, Upper East Side, New York County • Near First Avenue/Second Avenue
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
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Listing Courtesy of Compass - Nathan Horne
Listing Contact: (706) 255-5657
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RLS Data display by Keller Williams NYC. Data last updated on 3/24/2026 at 12:14 PM UTC