Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
401 E 89TH Street #12L
Closed For Sale Condop

$565,000

$995 per sq ft

401 E 89TH Street #12L

Upper East Side, Manhattan

GRACIE TOWNE HOUSE

MLS® #RLS10546239

RLS at REBNY

Listing by Halstead dba Brown Harris Stevens Residential Sales LLC

Studio

1

Bath

568

Sq. Ft.

1963

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 568 sq ft
Year Built 1963
Ownership Condop
HOA/Common Charges $957/mo
Parking Garage
Neighborhood Upper East Side

Property Highlights

  • Exposure: South facing
  • Parking: Private garage

Property Details

Type Condop
Ownership Condop
Total Rooms 3
Baths 1 Full
Exposure South
Pets Yes
Cross Street 1 AVENUE and YORK AVENUE
Year Built 1963
Living Area 568 sq ft
Parking Garage Available

Listing History

Event Date Price Change
Listed Nov 1, 2018 $649,000 -
Currently Apr 27, 2026 $565,000 -12.9%

Description

WOW!

GREAT OPPORTUNITY!

Cond-op with "Condo Like" Rules

No Board Interview. On-line Application Process

Super Low Maintenance: $957 (includes R.E. Taxes)

Subletting Permitted, Investor Friendly

Pets Welcome

Fabulous Fixer Upper! Excellent Potential! Bring your Sunglasses and Architect along for a fantastic opportunity to own this sun-drenched, jumbo-sized alcove studio (which can easily be transformed into a Jr-1 bedroom). Only one of a kind in the building, this open & airy home on high floor is approx. 568 square feet, has a well-designed living space, surrounded by excellent wood flooring including separate alcove/or bedroom, 2 Central AC/Heat units, and boasts exceptional closet space. Residence 12L is ultra-quiet and (No Apartment Above this wing of the building) faces direct south, and has wide open city views. Transform this well proportioned, separate full-sized kitchen with dishwasher & excellent-sized full bath to perfection!

Have it all with Space, Layout, Views, Sunshine all day, endless possibilities, and SUPER LOW $957 MAINTENANCE (R.E. Taxes included).

Gracie Towne House is a supremely well-run, full service, postwar "Cond-Op" (a hybrid of Condominium/Co-operative ownership) which provides "flexible rules" Condominiums offer, No Board Interview, and simple on-line application process. Under certain circumstances shareholders can convert Co-Op shares to Condominium ownership by paying off their prorate share of the building's underlying mortgage. This special building owns the land, provides 24-hour Doorman services, Handyman/Porter, and live-in building Resident Manager. Additional amenities: fitness room, laundry room on each floor, bicycle room, storage bins for rent (when available), on-site valet garage, and each home is equipped with Central AC/Heat. The building permits Subletting, Pieds a terre, Guarantors, Investors, and Pets are welcome. Gracie Towne House is wired for cable & internet with Verizon FiOS, Spectrum, & RCN.

This excellent location is near the beautiful, famous Carl Schurz Park, and Asphalt Green with Olympic-size pool. It also provides Upper East Side schools, museums, running and bike paths along the East River Esplanade, 92nd Street Y, and nearby is the historical Mayoral Home Gracie Mansion. Recent additions to the neighborhood include Fairway Market Place, Whole Foods, Pure Yoga, and Soul Cycle to name a few! The building is accessible to all major transportation with the new Second Avenue Q Train to create an entirely new dynamic for this location! All major bus lines include the M86 Cross-town, M31 to East & West 57th Street, and Mario's Transportation-a convenient private Van Service with "low priced shares" to Wall Street.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Common Charges $957/mo
Original Price $649,000
Sale Price $565,000

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its low-traffic, 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 Neighborhood

Active Listings

340

Median Asking Price

$1.57M

Median $/Sqft

$1,560

Avg Days on Market

N/A

New This Week

25

Price Reduced

28%

Sold (30 Days)

32

Median Sale Price

$1.52M

Live data from RLS at REBNY • Updated 4/27/26, 1:37 AM EST

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Location

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401 E 89TH Street #12L, Upper East Side, New York County • Near 1 AVENUE and YORK AVENUE

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1959
Year Built
67 years old
1
Floors
C4-2A
Zoning District

Tax & Assessment

Assessed Value: $580,950
Land Value: $120,150
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 6,663 SF
Building Area: 2,223 SF
Built FAR: 0.33
Allowed FAR: 3

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $957 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 568 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1963, making it approximately 63 years old.

This listing is a condop, a hybrid structure where the building is legally a co-op but individual units are sold with greater flexibility, often including subletting rights similar to condos.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $565,000 for 568 sq ft, the asking price per square foot is approximately $995. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10546239
First Listed: 11/1/2018
Closed: 7/30/2019
Contract Date: 11/1/2018

Listing Courtesy of Halstead dba Brown Harris Stevens Residential Sales LLC - Randi Good

Listing Contact: (917) 628-8950

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/27/2026 at 5:37 AM UTC

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