50 East 89th Street #20E, New York City, NY 10128
Listing Courtesy of Sothebys International Realty
$1,595,000
Potential Rebate: $23,925
Overview
VIEWS! Bright 2-Bedroom w/Balcony in Prime Carnegie Hill
Discover an exceptional opportunity to create your dream home in the heart of Carnegie Hill, one of Manhattan’s most coveted neighborhoods. This expansive south east facing 2-bedroom, 2-bath residence boasts a gracious layout with abundant natural light, and a private balcony with fabulous open city views! The apartment offers a lovely open living room, dining room concept with a balcony off of the dining room. The windowed kitchen can be conveniently accessed through the entry foyer or dining room. The bedrooms are incredibly large and split with the primary bedroom having an en-suite bath.
Offered in “as is” condition, the home provides the perfect blank canvas for a custom design tailored to your vision and lifestyle so bring your contractor. Priced to sell, this apartment offers a rare combination of space, light/views, and potential in a prime Carnegie Hill address—this residence is ready to be transformed into a truly bespoke home.
No pied-a-terres are permitted.
Designed by Emery Roth & Sons and completed in 1974, The Park Regis is a 33-story full-service cooperative ideally located between Madison and Park Avenues. The building offers 24-hour doorman and resident manager, four passenger elevators (two pet-free), a service elevator, roof deck (furnished in the summer), gym, laundry, storage, bike room, and an on-site garage.
Situated in the heart of Carnegie Hill, residents enjoy proximity to Museum Mile, Central Park, the Reservoir, top schools, shopping, dining, and convenient subway and bus lines. Pets permitted case by case and renting is discouraged.
Home Features
- •Central Air
- •Common Area
- •Laundry Room
- •Dishwasher
- •City
Estimated Monthly Payment
$11,734 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$23,925
Monthly savings impact
$66/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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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 Sothebys International Realty
Data Source: TRESTLE #RLS20058918
Price Analysis
Compare average listing prices and value metrics for 50 East 89th Street against the surrounding Carnegie Hill market.
Average List Price
Price Per SqFt
57.89% Lower
than the Carnegie Hill price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Carnegie Hill
Overview of Carnegie Hill
Carnegie Hill is one of the most prestigious and charming sections of the Upper East Side, spanning from 86th to 96th Streets between Fifth Avenue and Third Avenue. Named after Andrew Carnegie's mansion, it is known for its village-like atmosphere and stunning architecture. For buyers seeking Carnegie Hill Manhattan real estate, it offers a quieter, more family-oriented version of uptown luxury.
Living in Carnegie Hill, Manhattan feels like stepping back in time. The neighborhood is preserved by strict historic district zoning, keeping the tree-lined streets sunny and low-rise. As a family-favorite Manhattan NYC neighborhood, it is defined by its proximity to Central Park, elite private schools, and Museum Mile.
Real Estate & Housing Market
The market for homes for sale in Carnegie Hill is famous for its large, pre-war cooperative apartments. Buildings along Fifth and Park Avenues are among the most exclusive in the city. However, the side streets offer beautiful brownstones and townhouses that are highly coveted.
Inventory here is often geared towards families, with "classic six" and "classic seven" layouts common. It is a stable, high-value market. Co-ops generally have strict board requirements, maintaining the neighborhood's private and settled character.
Lifestyle & Community
The lifestyle in Carnegie Hill is refined yet relaxed. It lacks the commercial bustle of the lower 80s or 70s. Instead, residents enjoy boutique shopping on Madison Avenue (like Bonpoint and Jacadi) and brunch at local favorites like Sarabeth's.
The community is tight-knit, often centered around the local schools and the park. It is perhaps the most "neighborhoody" part of the Upper East Side. You will see neighbors chatting on corners, nannies in the park, and a generally slower pace of life.
Transportation & Accessibility
Carnegie Hill is served by the 4, 5, 6 trains at 86th and 96th Streets, providing distinct express connectivity to Wall Street and Grand Central. The Q train on Second Avenue has also opened up the eastern side of the neighborhood.
The M1, M2, M3, and M4 buses on Fifth and Madison Avenues offer scenic north-south travel along the park. While it feels removed from the chaos, the commute to Midtown is efficient.
Parks, Schools & Amenities
Central Park is the neighborhood's backyard. Residents have easy access to the Reservoir, the tennis courts, and the Guggenheim Museum. The neighborhood is also home to the 92nd Street Y, a major cultural and community center.
Schools are a primary draw. The concentration of top-tier private schools (like Dalton, Spence, and Sacred Heart) is higher here than almost anywhere else. It is an area built for raising families in the city.
Who This Neighborhood Is Best For
Carnegie Hill is best for affluent families, lovers of pre-war architecture, and cultural enthusiasts who want to live on Museum Mile. It is ideal for those who prioritize quiet streets, good schools, and proximity to the park.
