---
title: "12 East 88th Street #PH12A, New York City, NY 10128"
description: "12 East 88th Street #PH12A, New York City, NY 10128 — Carnegie Hill, New York City, NY. Listing Price $10,000,000. In contract 5/21/2026. 5 bed, 5 bath, 4,000 sqft Illustrative Buyer Commission Share of $150,000 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/12-east-88th-street-ph12a-PH12A-ny-10128"
source: "Real Estate Rebate Team"
status: "Pending"
---

# 12 East 88th Street #PH12A, New York City, NY 10128

Carnegie Hill, New York City, NY

Courtesy of Modlin Group LLC

## At a Glance

- **Listing Price**: $10,000,000
- **Status**: In contract 5/21/2026
  In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion.
- **Beds**: 5
- **Total Baths**: 5
- **Sqft**: 4,000
- **Common Charges**: $7,743 / mo
- **Monthly Taxes**: $5,882 / mo
- **Price per Sqft**: $2,500
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $10,000,000
- **Illustrative Buyer Commission Share**: -$150,000*
- **Illustrative Net Cost**: $9,850,000

*Illustrative Buyer Savings of $150,000 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![12 East 88th Street #PH12A, New York City, NY 10128 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e904f40a-fb97-4fdc-b0d1-951850e2ab69.jpg)
![12 East 88th Street #PH12A, New York City, NY 10128 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9992a60d-10ea-422e-a815-e1b66ca2ad63.jpg)
![12 East 88th Street #PH12A, New York City, NY 10128 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9113404f-8ce6-49c4-86d1-e6f62c989bc1.jpg)
![12 East 88th Street #PH12A, New York City, NY 10128 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/11822bd5-6e74-426f-adb7-a9b44a3c8bda.jpg)
![12 East 88th Street #PH12A, New York City, NY 10128 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3b9e05b9-cb6c-434d-8d3a-193b4cb4c985.jpg)
![12 East 88th Street #PH12A, New York City, NY 10128 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/739460af-8cc5-469b-b05c-a14bac60574f.jpg)
![12 East 88th Street #PH12A, New York City, NY 10128 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c6c69db5-8877-4b27-b67a-5f224bfdc9ed.jpg)
![12 East 88th Street #PH12A, New York City, NY 10128 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2231e4fe-14f3-4941-bb85-8051e0617842.jpg)
![12 East 88th Street #PH12A, New York City, NY 10128 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2cad4b1b-7fdd-459d-a42a-4f3706e5b817.jpg)
![12 East 88th Street #PH12A, New York City, NY 10128 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/63a7d837-7a31-44a5-99aa-838f6cdb53d0.jpg)

## Property Overview

Framed by a sweeping vista of the Guggenheim Museum and Central Park Reservoir, this penthouse spans approximately 4,000 square feet, offering a rare combination of scale, light, and refined living on the Upper East Side.

A welcoming foyer ushers you into grand entertaining areas, where the living and dining rooms are bathed in natural light from oversized northwest facing windows. An elegant powder room and well-appointed closets complete the space.

At the heart of the home, a contemporary windowed eat-in kitchen is outfitted with top-of-the-line Wolf and Sub-Zero appliances and anchored by a striking waterfall island clad in Covelano Oro marble. The adjacent dining area accommodates both everyday living and larger gatherings, while custom storage is integrated throughout.

Thoughtfully designed with bedrooms set in a separate wing, the home is laid out to ensure privacy and tranquility. The primary suite is a true sanctuary—exceptionally spacious and serene—featuring a dressing room, a separate walk-in closet, and a luxurious, windowed Calacatta Oro-clad en-suite bath with a deep soaking tub, oversized shower, discreet water closet, and double vanity. Three additional bedroom suites feature elegant en-suite baths and walk-in closets, along with a fifth flexible staff or guest bedroom. A laundry room with oversized Whirlpool washer and dryer completes the private quarters.

The home also features wide-plank wood floors and integrated smart technology, including lighting and sound systems, enhancing both comfort and convenience.

Situated in a full-service condominium building on one of Manhattan’s most celebrated blocks, residents enjoy a 24-hour doorman, state-of-the-art fitness center, children’s playroom, and bike room. Just steps from Central Park, museums, dining, and shopping, this remarkable residence offers a rare combination of scale, light, privacy, and luxury—perfectly suited for both grand entertaining and everyday living in the heart of the city.

## Property Details

- **Property Type**: Condominium
- **Beds**: 5
- **Total Baths**: 5
- **Rooms**: 9
- **Sqft**: 4,000 sqft
- **Stories**: 13
- **Year Built**: 1931
- **Price per Sqft**: $2,500
- **Common Charges**: $7,743.09 / Monthly
- **Monthly Taxes**: $5,882 / mo
- **Listed On**: Apr 6, 2026
- **Days on Market**: 164 Days

### Residence Features

- Common On Floor
- Common Area
- Laundry Room

## Estimated Monthly Payment

**$64,190 / month**, assuming a 20% down payment ($2,000,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $50,565
- **Property Taxes**: $5,882
- **Common Charges**: $7,743

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

8 apartments at 12 East 88th Street have recorded sales since September 2021, the most recent for $5,650,000 in April 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| 3C (Apartment) | 3 | 2,824 | $5,650,000 | $2,001/ft² | April 7, 2026 | City record |
| 2D (Apartment) | 2 | 1,449 | $2,300,000 | $1,587/ft² | March 9, 2026 | City record · MLS |
| PH11/12B (Apartment) | 3 | 2,192 | $4,325,000 | $1,973/ft² | November 17, 2025 | MLS |
| PH11B (Apartment) | — | 2,192 | $4,443,263 | $2,027/ft² | November 14, 2025 | City record |
| 8E (Apartment) | 1 | 714 | $1,525,000 | $2,136/ft² | February 25, 2025 | City record |
| 1B (Apartment) | — | 320 | $329,550 | $1,030/ft² | October 15, 2024 | City record |
| 1A (Apartment) | — | 1,045 | $2,039,403 | $1,952/ft² | October 8, 2021 | City record |
| TH1 (Apartment) | 2 | 1,584 | $2,120,000 | $1,338/ft² | September 23, 2021 | City record · MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $10,000,000
- **Median sold price**: $8,000,000
- **Difference**: +$2,000,000 (+25%)
- **This home, $/ft²**: $2,500
- **Median $/ft²**: $2,272
- **Comparable sales**: 3
- **Sales from**: September 2024 – November 2025
- **Middle half of those sales**: $7,750,000 – $8,100,000

Based on condo five-bedroom sales in Carnegie Hill.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Carnegie Hill instead.

### How these sales were negotiated

- **Sale-to-list price**: 89.6% (3 sales)
- **Sold below asking**: 100% (3 sales)
- **Typical time to close**: 62 days (3 sales)

Based on condo five-bedroom sales in Carnegie Hill with the required listing and closing data. Sample sizes vary by metric.

### Price trend

Median price per square foot, sales at 12 East 88th Street

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $2,233/ft² | 7 |
| 2018 | $2,222/ft² | 11 |
| 2019 | $1,738/ft² | 3 (thin) |
| 2020 | $1,820/ft² | 6 |
| 2021 | $1,439/ft² | 5 |

Based on recorded sales at 12 East 88th Street.

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sales data through April 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 12 East 88th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/12-east-88th-street)

## Price and Property History for 12 East 88th Street, Unit PH12A

Review the recorded listing activity for 12 East 88th Street, Unit PH12A, including asking-price changes and prior market dates.

| Date | Price | Listing event |
| --- | --- | --- |
| August 14, 2026 | $10,000,000 | Listing removed from the market |
| May 21, 2026 | $10,000,000 | Listing removed from the market |
| May 21, 2026 | $10,000,000 | Entered contract |
| April 3, 2026 | $10,000,000 | Listed for sale by Modlin Group LLC |

## Property Tax History

Taxes at 12 East 88th Street #PH12A were $72,294 in 2026, up 2.4% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $600,153 | $73,772 | $526,381 | $578,352 | $72,294 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $600,153 | $73,772 | $526,381 | $564,646 | $70,581 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $564,501 | $73,772 | $490,729 | $562,382 | $70,298 | 12.5% |
| 2023 (FY 2023/24) | $556,854 | $73,772 | $483,082 | $556,854 | $69,618 | 12.502% |
| 2022 (FY 2022/23) | $570,106 | $73,772 | $496,334 | $559,529 | $68,637 | 12.267% |
| 2021 (FY 2021/22) | $531,628 | $73,772 | $457,856 | $531,628 | $65,045 | 12.235% |
| 2020 (FY 2020/21) | $588,829 | $73,772 | $515,057 | $546,234 | $67,007 | 12.267% |
| 2019 (FY 2019/20) | $575,600 | $73,772 | $501,828 | $523,821 | $65,336 | 12.473% |
| 2018 (FY 2018/19) | $531,493 | $73,771 | $457,722 | $501,046 | $63,192 | 12.612% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 1014991138. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 12 East 88th Street

Upper East Side · Condominium

12 East 88th Street, New York, NY 10128

A building in Upper East Side, currently featuring 1 active listing.

- **Year Built**: 1931
- **Active Units**: 1
- **Floors**: 13

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/12-east-88th-street)

### Available Residences — For Sale (3)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [6D](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/12-east-88th-street-d-6D-ny-10128) | 2 | 2 | 1,449 sqft | $1,898 | $2,750,000 (-3.5%) | Corcoran Group | May 1, 2026 | 139 days |
| [PH12A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/12-east-88th-street-ph12a-PH12A-ny-10128) | 5 | 5 | 4,000 sqft | $2,500 | $10,000,000 — In contract | Modlin Group LLC | Apr 6, 2026 | 164 days |
| [8A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/12-east-88th-street-a-8A-ny-10128) | 4 | 5 | 3,000 sqft | $2,167 | $6,500,000 (-0.8%) — In contract | Compass | Mar 27, 2026 | 174 days |

## Potential NYC Second-Home Tax

This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price.

[Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

## Carnegie Hill

Overview of Carnegie Hill

[Explore Carnegie Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Carnegie Hill

- [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park)
- [Roosevelt Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/roosevelt-island)
- [Upper West Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-west-side)
- [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown)
- [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district)
- [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem)

## Related Links

- [12 East 88th Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/12-east-88th-street)
- [Carnegie Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> 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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.