Manhattan's Upper East Side

By
Real Estate Agent with The Corcoran Group

About The Upper East Side:

The Georgica

 

 

 

 

The Georgica:

a new condo on the Upper East Side

(named after Geogica Pond in East Hampton)

 

 

 

The Upper East Side has been considered Manhattan's most prestigious residential neighborhood covering the East of Central Park to the East River, and from 59th Street at its southern boundary to 96th Street at its northern boundary.

While the most coveted, prewar homes on Fifth and Park Avenues are beyond the financial reach of all but the wealthiest New Yorkers, there are also surprisingly good values that abound nearby. There are exceptional values in all ranges of housing from post-war hi-rises to brownstones, and from rental to coop/ condominium ownership.

It is the perfect quiet, residential area to raise a family with proximity to Manhattan's best private and public schools. Central Park, itself, is the best "backyard" anyone could dream of with it's zoo, playing fields, tennis courts, parklands, rowing and world class natural charm.

The city's largest concentration of its toniest shops and cafes can be found on both sides of Madison Avenue. Yet elsewhere lurking on the eastside, you will find other famous, outrageously expensive stores such as Sotheby's and Christie's auction houses, Henri Bendel, Tiffany's, and Louis Vuitton.

Upward of 70th Street, Fifth Avenue, also known as Museum Mile, is home to some of the foremost art institutions in the world such as The Metropolitan Museum of Art, the Guggenheim, the Whitney Museum of American Art and the Frick Collection. Between 86th Street and 96th Street between 5th Avenue and Lexington is the Upper East Side neighborhood Carnegie Hill, named after the Carnegie mansion on 91st and Fifth.

Gracie Mansion

Gracie Mansion

Even the official residence for the Mayor of the City of New York, Gracie Mansion overlooks the East River from East 88th Street.

Although current Mayor Michael Bloomberg prefers to live in his own $40 million Upper East Side townhouse.

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©Mitchell Hall 2006-2008

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Ambassador
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Jeff Dowler CRS
Solutions Real Estate - Carlsbad, CA
Carlsbad CA Homes for Sale (760) 840-1360

Mitchell - nice presentation. I love the look of that new building. I also love the Upper East Side although I cannot afford to live there. makes Southern California housing look fairly affordable!

Jeff

July 19, 2008 06:01 PM #1
Rainmaker
509,409
Mitchell J Hall
The Corcoran Group - Manhattan, NY
Lic Associate RE Broker - Manhattan, NYC

Thanks Jeff, Actually there are still some deals on the upper east side. East of Lexington Ave. Downtown and the west side have become more expensive.

July 19, 2008 06:05 PM #2
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Eleanor Thorne
Steve Thorne NC Mortgage Experts - Cary, NC
Cary Mortgage Loans 919-649-5057

I know Condo units are not considered in OFHEO and Case Shiller numbers.  Understanding that - is there still more demand that available (under a million) housing?  I LOVE reading about other parts of the country - thanks!

July 20, 2008 03:14 PM #3
Rainmaker
509,409
Mitchell J Hall
The Corcoran Group - Manhattan, NY
Lic Associate RE Broker - Manhattan, NYC

 Manhattan is not included in Case Shiller numbers. They use the NY metropolitan area which is quite different from Manhattan. There is still demand but we are currently in more of a buyers market. 

For foreign buyers because of the weak dollar Manhattan is a bargain.

July 20, 2008 03:28 PM #4
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Rainmaker
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Mitchell J Hall

Lic Associate RE Broker - Manhattan, NYC
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