230 East 71st Street #PH-D, New York City, NY 10021
Listing Courtesy of Nest Seekers LLC
$499,000
Potential Rebate: $7,485
Overview
Introducing Residence PHD at 230 East 71st Street, a top floor cooperative home in estate condition that is ready for a full renovation. Set within a classic prewar elevator building on a tree lined block between Second and Third Avenue, this residence is a true blank canvas for a buyer who wants to control the layout, finishes and overall design from start to finish. Whether the goal is a clean, contemporary space or a more traditional prewar aesthetic, the apartment offers a solid starting point for a thoughtful reconfiguration with the help of an architect or designer. The home is priced to reflect the scope of work required and the opportunity to add value. Constructed circa 1929 and converted to cooperative ownership in 1979, 230 East 71st Street combines prewar character with practical amenities. This six-story, 60-unit elevator building features a video and voice intercom security, live in superintendent, central laundry room, bike storage, common storage (subject to availability) and a shared rear garden sitting area. The cooperative permits co-purchasing and gifting, as well as pied a terre use and parents buying for children, with standard financial review and board approval. Maximum financing is permitted up to 75 percent of the purchase price. In unit washers and dryers, corporate purchases and short-term or AirBnB style rentals are not allowed. Cats are permitted, dogs are not. The location offers convenient access to the Q, 6 and F trains, with Central Park, neighborhood restaurants, shopping and daily services all within easy reach. This is a straightforward renovation project in a stable, well run cooperative for a buyer who wants to customize their Upper East Side home.
Home Features
- •Building Multiple Locations
- •Common Area
- •Building Storage
- •Building Garden
Estimated Monthly Payment
$4,383 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$7,485
Monthly savings impact
$21/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Nest Seekers LLC
Data Source: TRESTLE #RLS20063077
Price Analysis
Compare average listing prices and value metrics for 230 East 71st Street against the surrounding Upper East Side market.
Average List Price
Price Per SqFt
Insufficient size data available to calculate Price Per SqFt comparisons for this specific selection.
89.83% Lower
than the Upper East Side price average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Upper East Side
Overview of Upper East Side
The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.
Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.
Real Estate & Housing Market
The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.
It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).
Lifestyle & Community
The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.
The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.
Transportation & Accessibility
The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.
The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.
Parks, Schools & Amenities
Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.
Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.
Who This Neighborhood Is Best For
The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.
