Listing Courtesy of Corcoran Group
$2,750,000
Potential Rebate: $41,250
Imagine residing in a distinguished, freestanding Federalist brick home, a true landmark majestically set atop a hill on a tranquil side street within the coveted Forest Hills Gardens. This house recalls the early years of Forest Hills Gardens when many homes had very large lots. During the depression and over the decades many families chose to, or needed to sell off parts of their land to someone who built a new house on it. Spread over 3 tax lots, this estate retains its spacious 14,144 square feet property. A rarity within Forest Hills Gardens.<br> <br> Step inside to discover a home of exceptional layout and functionality, designed for gracious living and effortless entertaining. The first floor unfolds with a grand center hall leading to a bright living room boasting three exposures, an expansive dining room ideal for memorable gatherings, and a luminous, south-facing solarium bathed in natural light. The recently renovated, modern eat-in kitchen offers abundant cabinetry and style, while a convenient first-floor bedroom (ideal for a home office) and a full bath add to the practicality. Direct access to the attached two-car garage completes this impressive level, all enhanced by soaring 8'6" ceilings.<br> Ascend the elegant, open curving staircase to a spacious landing that introduces the luxurious primary suite. Here, a fully renovated ensuite bath with a two-person shower and a generous walk-in closet await. Two additional bedrooms, each with its own private terrace offering verdant views, a full bath, and a charming nursery with a Juliette balcony (perfect as an office or exercise room) complete the second floor. The expansive rear terrace, a remarkable 350 sq ft, is an outdoor sanctuary, while the side terrace overlooks the lush south lot.<br> <br> Unlock further potential in the unfinished attic, offering exciting build-out possibilities. The fully finished basement provides even more living space, featuring a large recreation or media room, a potential bedroom, a full bath, a laundry room, and extensive storage. Adding a touch of history, this space once served as a neighborhood speakeasy during Prohibition, complete with its own kitchen and a discreet driveway entrance.<br> <br> Built in 1925 and cherished by only three families, this exceptional property embodies the enduring appeal of Forest Hills Gardens, a world-class community meticulously planned by the Olmsted Brothers and Grosvenor Atterbury. Enjoy a unique lifestyle that blends suburban tranquility with urban convenience, surrounded by tree-lined streets, private parks, and charming period lampposts, all meticulously maintained by the Forest Hills Gardens Corporation. Excellent public and private schools are nearby, further enhancing the desirability of this remarkable location.<br> This is not just a home; it's an unparalleled opportunity to own a significant piece of Forest Hills Gardens history and shape its future. Don't miss your chance to experience the extraordinary."<br> <br> The lot to the left side of the house covers 4,450 sq feet with 2,225 in buildable square footage. The lot to the right side covers 4,474 sq feet with 2,237 buildable square footage. The property on which the house sits has an additional 574 of buildable square footage.<br> <br> Annual Forest Hills Gardens Corporation maintenance dues are $5,698.59. Annual property taxes are $26,994.<br> <br>
$15,839 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$41,250
Monthly savings impact
$115/mo
Effective Purchase Price
$2,708,750
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
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.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20016302
RLS at REBNY

2.5%
Experience
Member
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. ©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.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20016302
RLS at REBNY

Compare average listing prices and value metrics for 16 UPSHAW Road against the surrounding Forest Hills market.
than the Forest Hills price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Forest Hills.

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