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FIND YOUR IDEAL AGENT

THEN SEARCH LIKE ONE
Through all NYC Listings in Real Time
Only at halsteadaccess.com
PERFECTLY CONCEIVED. IMPECCABLY DELIVERED.
Experience how the reality of The Lucida has
stayed absolutely true to the vision. With its
dramatic glass façade, richly styled interiors,
filtered fresh air and unmatched entertainment
and spa facilities, it is the newest neighborhood
classic with every detail built to the finest
standards. We invite you to visit and learn
why we have sold 6 homes in the last month.
QUALITY, CHOICE, EXCELLENCE
E XCLU SI V E M A RK E T ING A N D S A L ES AGEN T:
CO RCO R A N S U N S H I N E M A R K E T I N G G RO U P
The Upper East Side
“I don’t want to own anything until I know I’ve found the place where me
and things belong together. I’m not quite sure where that is just yet.
—Truman Capote, Breakfast at Tiffany’s, spoken by Holly Golightly.
BY JILLIAN BLUME
A
udrey Hepburn cre-
ated a vision of the Up-
per East Side party girl
with a past in Break-
fast at Tiffany’s, playing the dra-
matic and flighty Holly Golightly.
She lived in a brownstone filmed
at 169 East 71st Street. Her favorite
haunt was a bar on Lexington Ave-
nue. Today’s uptown party girl has
its representation in Paris Hilton,
Olivia Palermo, Tinsley Mortimer
and their brood. Glamorous, high-
spirited and a little inaccessible,
they represent a lifestyle that could
be described as aspirational, stuffy,
privileged, elegant, cultured and af-
fluent.
The Upper East Side, however, is
not just for the rich and famous;
there are properties for families of
differing financial muscle. As well
as offering some of the most luxu-
rious (and expensive) properties,
it also offers tremendous value
in both sales and rental proper-
ties. “The Upper East Side in
general has always been
known as one of the
very best residential lo-
ALL IMAGERY IS ACTUAL PHOTOGRAPHY cations in New York
to live in,” says Kelly
Mack, Corcoran Sun-
shine Marketing.
It’s considered by
many to be the most
prestigious address
Limited opportunities remain — now open and ready for in town, its residential
streets lined with trees,
immediate occupancy. Two- to five-bedroom residences stately prewar architec-
from $2.5 million to over $6 million. Please call for a ture, elaborate brown-
stones, distinguished
private appointment: 877 409 2490 · www.TheLucida.com townhouses and exclu-
sive luxury apartment
The complete offering terms are in an offering plan available from Sponsor. File No. CD-06-0596. Sponsor: WB IMICO LEXINGTON FEE LLC, 805 THIRD AVENUE, SEVENTH FLOOR, NEW YORK, NEW YORK
10022. Property: 151 East 85th Street, New York, NY. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an
affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin.
But I know what it’s like. It’s like Tiffany’s.”
buildings. Comprised of a number
of smaller enclaves including Carn-
egie Hill, Lennox Hill, East End Av-
enue, and Yorkville, it is an elegant,
exclusive area, bordered by the East
River Esplanade and Central Park.
“You have every single thing that
relates to proper infrastructure
to support a neighborhood,” says
Mack. “It’s very clean, it’s very safe,
and there’s always been a lot of very
good housing stock available there.
It’s a long-established residential
neighborhood, unlike other parts of
New York, which were more emerg-
ing and have now developed them-
selves into strong residential loca-
tions, but they don’t have the same
sense of history and maturity. Up-
per East Side property values have
always held up and grown year-
over-year.”
Star-Studded
Neighborhood
Once known as the “Silk Stocking”
district, it was the site of the fash-
ionable mansions of families such as
the Kennedys, the Rockefellers, the
Roosevelts, the Whitneys, the Car-
negies, the Astors and the Dukes. It
has been home to actors and actress-
es including Woody Allen, James
Cagney, Paul Sorvino, Christopher
Walken, Michael J. Fox, Robert Red-
ford, Kevin Kline, Candice Bergen,
Elizabeth Taylor, Ellen Barkin and
Greta Garbo; musicians Cole Porter,
Sean Combs, Art Garfunkel and Billy
Idol; and famous designers such as
Donna Karan and Ralph Lauren. Fa-
mous athletes who own homes in the
area include Tiki Barber, Derek Jeter
and Martina Navratilova. Business
moguls occupying Upper East Side
real estate include Rupert Murdoch
and George Soros. Madonna recent-
ly purchased a four-story, Georgian-
style townhouse at 152 East 81st for
$40 million.
Real Estate Prices
& the Market
“From this year compared to last,
it’s like a different world,” says Rog-
The Upper East Side; Holly called it home.
So can you.
er Erickson, senior managing direc-
tor with Sotheby’s International
Realty. “Last year, pretty much ev-
eryone was hiding in a cave expect-
ing the world to end, and it affected
buyers drastically. There were very
few people braving to go out and
even look at properties, let alone
purchase. There was very little to
nothing happening. And then in
the fourth quarter, things started
to pick up. The fourth quarter was
very strong with a lot of transac-
tions. I actually sold a house in ex-
cess of $24 million, an apartment
in excess of $22 million, a couple of
major deals over $20 million and a
lot of other transactions to round
out the year.”
According to Mack, this is a great
time to buy real estate on the Up-
per East Side. There is a lot of great
product to choose among. Invento-
ry levels relative to historical aver-
ages are high. “The inventory right
now is about 1,600 units,” she says.
“So there’s lots of really great in-
ventory to choose from, and there’s
value to be had in terms of the pric-
ing. Prices have adjusted downward
in the past year and a half by about
20 percent. So if you look at value as
it relates to potential price appre-
ciation, I think everyone will agree
that the Upper East Side has long
been known as an area that has sup-
ported price appreciation and that
has all the infrastructure to support
growing property values.”
The Upper East Side has some of
the priciest real estate in the city,
but even if your name is not Rocke-
feller, you’ll still find plenty of prop-
erties at various price ranges. “The
lower end of the market is insanely
hot with young people looking to
3
 


 




What is the color

of perspective?
The Upper East Side
Shoppers flock to THE COLOR OF LIFE
UES Manhattan’s Upper East SIde.

10 Facts about
spend under a million dollars,” says
BLOOMINGDALE’S
Roger Erickson. “I’d say the one to
1. It all started with the hoopskirt.
four million dollar price point is also
Joseph and Lyman Bloomingdale, one
very, very hot. The only area that
of the nation’s first trendspotters,
still seems to be slower is the high
opened Bloomingdale’s Hoopshirt
end of the market, where there are
and Ladies’ Notions Shop on the
not as many transactions happen-
Lower East Side in 1872.
ing and not quite as much activity.”
According to Kelly Mack, people
2. In 1886, Bloomingdale’s moved
are feeling a lot more confident.
into a row house on 59th and
There have been several quarters
Lexington, another visionary move;
in a row where the numbers have
most of the competition was located
been strong, where prices are not
on the more fashionable Upper West
continuing to decline, and where
Side.
people are starting to feel like it’s
a good time to jump back into the
3. The Bloomingdale brothers were among the first to use dramatic scenes
in their windows, later dubbed “retailing as theater.”
market. “It took some time, but
most of the sellers have become a
lot more realistic and have finally
4. Along with their advertising campaign, “All Cars adjusted their prices. So buyers and
Transfer to Bloomingdale’s,” which appeared on sellers are finally seeing eye-to-eye
everything from delivery wagons to beach umbrellas, on where the market is because we
the store hosted gala events including the 1947 have seen some form of stabiliza-
Woman of the Year. tion. I think we’re pretty much on
the brink of some form of recovery.
5. The Bloomingdale’s team commissioned artist There’s a lot more transaction vol-
Joseph Kinigstein to design the first designer ume in the market, and there’s a lot
with a bar-equipped library, a home
theater, a personal gym, a home of-
fice, a TV room, a formal dining
room, staff rooms, guest rooms, a
breakfast room and more. “If you
want to have a party, you call the
butler from the hotel to greet peo-
ple as they get off the elevator,” Er-
ickson says. “It’s an absolutely re-
markable lifestyle that one could
have there.”
Paula Del Nunzio, senior vice pres-
ident, managing director at Brown
Harris Stevens lists the Walter N.
Rothschild Mansion on the Leh-
man Gardens on East 70th Street for
$25,500,000. With a design by ar- /(3 1$
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chitect Aymar Embury II, who con-
ceived the other townhouses in this 1 1$-%1'$ /1
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enclave, and gardens designed by
Alfred Rheinstein, this townhouse
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boro Bridge, the Whitestone Bridge
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and the original zoo buildings in
Central Park, but this collection of
Georgian mansions are the only
12#(- 601 sf  
shopping bags in 1961 for the “Esprit de France” more people who are jumping in be- residential buildings he designed 


-+$
%7"$ 1,129 sf 
promotion. He used a reproduction of French tarot cause they don’t want to miss the in Manhattan. The Rothschild Man-
cards in red, black and white, and boldly omitted opportunity.” sion has six floors of approximately

 1,198 sf  
the store name. There were 615 sales on the Upper 11,256 square feet and a basement

 1,810 sf 

East Side during the fourth quarter with high ceilings.
6. Among the store’s model rooms, their of 2009. According to Mack, this is
installation in 1971 of “The Cave” received about 6 percent above the five-year
average and 200 percent year-over-
worldwide attention with a multilevel frame wrapped
entirely in white polyurethane. Frank Gehry, Federico Fellini and others year. So market velocity is clearly
designed model rooms over the years. picking up and inventory is actually
shrinking. And the Upper East Side
7. Their logo was created for an intimate apparel promotion in 1973 when has some of the most extraordinary
they decided to stamp the store name on panties using the nickname and pricey real estate in the city.
Bloomie’s to appeal to the young and trendy. For example, Roger Erickson
has a listing in the Pierre Hotel for
8. When Queen Elizabeth II visited Bloomingdale’s in 1976, traffic was $27,500,000. It’s the entire 29th
reversed on Lexington Avenue so the Queen could step out of her car on the floor, about 5,000 square feet, with
right side. spectacular 360-degre views. The
apartment is newly renovated, and
9. New designers discovered by the buyers include Ralph Lauren, Dolce & it comes with all the hotel services
Gabanna, Norma Kamali, John Galliano, Sonia Rykiel and Kenzo. of the Pierre, including twice-daily
maid service, room service, a per-
10. The first Bloomingdale’s store outside the U.S. opened in Dubai in 2010. sonal housekeeper, and 24-hour ho-
tel staff. The aartment has 11 rooms,
4
Of course, if you are planning on 
 2,517 sf  
purchasing, a broker is the most ef-
fective way to assure that the price
212.828.4848
is right. “I think a lot of people use
the Internet, which is a wonderful
educational tool, but every deal is www.AzureNY.com
unique, and when you’re in a market
like this, you really need to know the 333 East 91 st Street at First Avenue
history and the ins and outs of these
buildings,” says Kirk Henckels, di-
ON-SITE SALES & DESIGN CENTER
rector of Stribling Private Broker-
age. “Which means that you need
to have a really experienced broker
to say this is priced right or it’s not
priced right. Time and time again,
when I see people buying directly,
A joint development of the DeMatteis Organizations and the Mattone Group
they generally overpaid, and some-
times quite significantly.”
The complete offering terms are available in an offering plan available from Sponsor. File No. CD07-0555. Sponsor: 1765 First Associates, LLC, 820 Elmont
Rd., Elmont, NY 11003. We are pledged to the letter and the spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation.
 UES-PROFILE FOR THE FIRST TIME EVER
PAULA DEL NUNZIO
Senior Vice President, Brown Harris Stevens SEE WHAT WE SEE
How did you come to specialize in townhouses?
Originally what I liked about townhouses was their uniqueness
Spectacular views abound on
and the fact that very interesting architects were often involved in the East Side.
designing them.

How does the townhouse market differ from the regular market
today? The Rental Market End Avenue lists for $7,250 per
month and features a balcony, her-
The townhouse market is a special
segment that has far fewer units, so There are also some very strong ringbone floors, crown moldings, a
therefore the scarcity element is always advantages to renting. The process cook’s kitchen, a fitness center, and
involved. And it makes a townhouse a is much simpler in a legal, financial round-the-clock doormen and con-
unique property and often a very valuable and emotional sense. There’s no cierge. The prewar 530 Park Avenue
property, even though on a price-per-
anxiety about getting approved for lists a three-bedroom, three-bath-
square-foot basis, a townhouse is often
the cheapest when compared to a co-op a mortgage. There’s no closing costs room apartment at $9,950 a month
or condominium. or real estate taxes. The whole pro- and features herringbone floors,
cess is fairly easy compared to buy- lots of prewar details, a windowed
Considering the market, do you have ing real estate in a market that still kitchen, great appliances, a gallery,
the same amount of people looking to
sometimes makes getting a mort- tons of closets, beamed ceilings, at-
buy these hugely expensive properties
as you did a few years ago? gage difficult. And some people just tended elevators and a doorman.
Since January of 2007, I’ve sold 40 houses for over $620,000,000 don’t want the headache and re- Glenwood Management also has
of value. So whatever the market, buyers are always interested in sponsibility of ownership. exceptional rental buildings on the
townhouses for the uniqueness and for the fact that each townhouse Many rental properties on the Upper East Side. Designed by Cos-
is like a person’s own castle. They can do within it whatever they
Upper East Side today offer apart- tas Kondylis, the Brittany, at 1775
choose. Each townhouse is different, and when it finds the buyer
that appreciates its difference, a sale will occur without fail. ments with condominium-style fin- York Avenue, has numerous bay
I’ve read that you’re a property preservationist. What do you ishes and amenities. Arthur Fenton and corner windows and spectac-
mean by that? and Teresa Wuest, both senior vice ular views of the East River and
Houses have a historical pedigree. At one point, all of Manhattan presidents at Prudential Douglas Long Island Sound. It’s an elegant
was covered with townhouses. Then when the style of living
Elliman, handle some of the best building with a limestone base,
changed that made palazzo-style apartment buildings acceptable,
townhouses were torn down and apartment buildings were built in in luxury rental property. “As far as landscaped gardens and a two-
their place, which left a very few number of townhouses remaining. buildings that we represent, we’ve story lobby. The apartments have
They are part of the history of New York; they date in certain parts had incredible activity in the last marble bathrooms, 9-foot ceil-
of the city back to the 1800s. On the Upper East Side they can date four weeks. We’ve basically rented ings and washers and dryers. The
to 1880. You can trace the history of the city through these houses.
out everything in our inventory,” amenities include a private shuttle
Tell me about the townhouse on Fifth Avenue that you have says Wuest. bus, 24-hour doormen, an attend-
listed? “Location dictates a lot as well, ed garage, a 7,000-square-foot fit-
It’s at 1009 Fifth Avenue at East 82nd Street. It’s the only townhouse along with details like full-service ness club with a pool and saunas,
on Fifth Avenue that’s ever been available for sale. Furthermore, buildings and condo finishes,” says a lounge and a landscaped rooftop
it’s a corner mansion, so it has 27 feet on Fifth Avenue and 100 feet
Fenton. “In our buildings, there’s real- sun deck.
along East 82nd Street. Its façade is 100 feet long with eight huge
windows. Every other townhouse in New York is on a side street ly more demand than there is supply, One of the newer rental buildings,
and it faces north and south. This house has all four directions. which is very frustrating. We have One Sutton Place North (420 East

Has the listing generated a lot of interest?

people ready, willing and able to rent,
but because the activity is so intense
There’s always going to be interest in the opportunity to buy a
and because we are renting apart-
house directly on Fifth Avenue.
ments so quickly, as soon as they
come on the market, they’re gone.”
According to Fenton, the prices
Observer Neighborhood Guide’s in their buildings have been hold-
ASSOCIATE PUBLISHER ROBYN WEISS ing steady because of the quality of
SALES ASSISTANT ELANA DELASOS the finishes and the amenities. For
EDITORIAL DIRECTOR JILLIAN BLUME
SALES MITCH BEDELL, PAUL KORNBLUTH, KEN NEWMAN,
example, at 200 East 62nd Street at
DAVID WOLFF the corner of Third Avenue, a two-
PRODUCTION TYLER RUSH, PETER LETTRE bedroom, 2.5-bathroom duplex
listing for $8,950 a month features
OBSERVER MEDIA GROUP
PUBLISHER JARED KUSHNER herringbone floors, a cook’s kitch-
PRESIDENT, OBSERVER MEDIA GROUP CHRISTOPHER BARNES en with top-of-the-line appliances,
SENIOR VICE PRESIDENT SALES STEPHEN GOLDBERG
EXECUTIVE VICE PRESIDENT BARRY LEWIS
a complimentary fitness center, an
THE NEW YORK OBSERVER on-site garage and a 24-hour door-
915 Broadway, 9th Floor, New York, NY 10010 man and concierge. A three-bed-
212.755.2400, www.observer.com room, three-bathroom at 85 East
6 7
61st Street), is a sleek, black glass
tower completed in 2003, with a pri-
The only place where you can find your ideal agent
vate driveway and a glass, teak, and
travertine marble lobby. The apart- and then search our entire real-time database of
ments have floor-to-ceiling win-
dows, Absolute black granite kitch- New York City Listings - on your own schedule.
ens with stainless steel appliances,
marble-and-granite bathrooms and
Bosch washers and dryers. The ame-
nities include 24-hour doormen,
a concierge, an attended package
room, a landscaped courtyard a fit-
ness center and valet parking.
New
Developments
“Many of the new development
properties in particular on the Up-
How Real Estate Gets Real
 !"#$%&%'($)*+ per East Side today are being built
by very established and reputable
developers who have great pride
in delivering a product that is very
high end, and they are really com-
mitted to the quality of the con-
struction,” says Mack. “These de-
velopments are going to stand the
test of time.”
New development in the Upper
East Side is a particularly unique
event due to the fact that there’s a
lack of available land. This means
that there’s usually very limited in-
ventory in the pipeline. “One of the
reasons it’s a great residential loca-
tion is that it’s so mature, but be-
cause it’s so mature, there aren’t a
lot of sites available for someone to
build a new building,” says Mack.
Right now, it’s a great time to buy
on the Upper East Side because
there’s a significant amount of new
development property on the mar-
ket, but that won’t last.
One of the most talked about new


This spectacular high floor, 11 room apartment on Fifth
Avenue at 64th Street is possibly the most extraordinary home
in New York with terraces, grand living and entertaining space
and abundant charm. There are stunning Park views and a
large terrace from which you can see Central Park and the
zoo. Totally renovated and redesigned a few years ago by the
current owners, the lower level of this duplex features a
magnificent living room with 12’ ceilings and stunning details
with adjoining solarium/library and terrace overlooking Central
Park. The formal dining room has splendid floor-to-ceiling
bookcases and spectacular moldings. There is a versatile
state-of-the-art chef’s kitchen and breakfast room with staff
quarters, storage space and a mechanical room off the
kitchen. Up the grand staircase on the second level is a corner
master suite over the Park and a lovely master bath. The
spacious second bedroom has a handsome marble bath. A
third bedroom and bath includes a small terrace. There are
additional staff quarters and laundry also on this level.
Included in the sale are three separate storage rooms. Fully







staffed, full service 834 Fifth Avenue was constructed in the
early 1930’s and designed by the renowned architect, Rosario
Candela. The building features a limestone facade and has art
deco style cartouches. This white glove co-op is the epitome
of privacy and exclusivity, with fewer than 25 units.
Web ID 342321
UES-PROFILE 



Fabulous Classic 11–3,987SF 5 BRs, 4.5 BTHs, large win-
NIKKI FIELD dowed eat-in-kitchen. Formal Dining room, Library on high
Senior Vice President, Sotheby’s International Realty floor with extraordinary light coming in from the south &
west exposures. Priced @ $8,995M. Web # 1087004
What do you like most about working
in real estate?
If you like what you’re doing, it’s very
hard to find one facet of it. Not only do I
enjoy it in its entirety, I find that it’s the
variety of real estate that makes it so
attractive and so consuming.




In your experience, what are clients
looking for in real estate on the UES? A perfect triple mint 3 bedroom Condo apartment in the perfect
More than anything else, they’re location 81 & Third. Washer & Dryer, open large kitchen, home
looking for direction, someone who can
lead them through the maze of a very challenging, fluid and ever- office, great closet space and great light. Priced @ $2,195M.
changing market. It’s a very difficult and confusing road right now Web # 1220487
in real estate in Manhattan, and I’m sure elsewhere.
Are they looking for anything different than they were a couple
of years ago?
The great news about real estate in the last couple of years is that
all of the information is out there. Customers right now are clearly
looking to identify deals. Every single person that’s in the market at
all levels, coming from all different arenas, whether it’s investment,
buying up, buying down, international, or non-local, are looking for an
opportunity to purchase in what has been historically and continues
to be a very secure, safe and usable way to spend your money.
What advise would you give people who are looking to buy
today?
The advice changes on a weekly basis. For buyers, our best advice
is to lock in your financing now because that’s a challenging part of Own your own parking space! 4,665SF interior &
purchasing in this market. I’m telling my buyers to take a second 268SF exterior. Keyed in elevator and flexible layout
look at properties that they passed over previously because price
corrections are making formerly rejected properties extraordinarily create as many bedrooms as you wish. Priced @ $6,9M.
attractive. For buyers, that’s the hot spot of the market right now. Web # 1212280.
In terms of sellers, what we look for is a seller who can take
advantage of the pricing spread. That’s what we’ve been very







successful at recently. If a seller is buying up, we are advising them
Price: $29,500,000 to choose an appropriate price to sell fast, to take advantage of the Meticulously renovated 3 BRs, 3 FBTHS, gracious entry foyer,
Barbara Fox: 212-639-9711 price spread, and make an extraordinarily opportune purchase
at this time. That’s what is heating our market, people that are
windowed kitchen & baths in F/S building with gym and stor-
bfox@foxresidential.com buying up. If they already own and they have been dreaming of age. Priced @ $1,995M. Web # 1210674.
an opportunity to buy bigger and better, this is the opportunity.
If they have their current property priced correctly so it can move
very quickly, they can then take advantage of the opportunity to
negotiate a purchase at a level that they may not have been able to in
the past. And people are doing that. They’re finding extraordinary
opportunities and they’re very comfortable with correctly pricing
properties so that other purchasers can buy into that level. It’s
Barbara Fox becoming an ‘opportunity opportunity market,’ on your buy and on
your sell end.
www.foxresidential.com 1015 Madison Avenue New York, NY 10075

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18467 FoxAd 3.5x9.5.indd 1 3/15/10 5:52 PM
 UES development properties is Miravel Living. Located at
Education 515 East 72nd Street, it was developed in connection
D I S T I N C T I V E
Lycee Francais de New York
with the famous Miravel Spa to be a “spadominium,”
a condominium complex where spa living is a way of ROGER ERICKSON
Another exciting draw of Upper
East Side real estate is the number life. The serene residences feature eco-friendly mate- P R O P E R T I E S
of educational institutions located rials with luxurious finishes, such as Italian Piombo
in this affluent area. Single-sex private schools include the Brearly School, limestone, Calcutta Gold marble and Macassar Ebo-
the Chapin School, Convent of the Sacred Heart, Dominican Academy, the
ny, and the amenities are over the top: a fitness cen-
Hewitt School, Manhattan High School for Girls, Marymount School, The
ter with a rock climbing wall, indoor and outdoor yoga
studios, a pool and hot tubs and racquetball, squash
Nightingale-Bamford School and the Spence School. Private schools for
and basketball courts. The Miraval Spa has a huge
boys include the Allen-Stevenson School, Browning School, the Buckley
amount of classes and workshops to choose among,
School, St. Bernard’s School and Regis High School. Co-educational private
a long list of spa treatments, numerous massages, and Central Park is a bike
schools in the Upper East Side include the Birch Wathen Lenox School, the ride away.
a Pilates studio. The complex also house the Creative
Dalton School, Lycee Francais de New York, and the Ramaz School.
Arts Studio and Activity Space, the Garden Café and
Those who own or wish to own Upper East Side real estate and who plan
one of the largest private parks in the city, with a se-
to enroll their children in public schools may be interested to learn that the 1010 FIFTH AVE: 82nd St. Triple mint 11 into 9 PIERRE HOTEL: Enjoy quite possibly the ultimate
rene yoga retreat, platform gardens, expansive lawns room prewar apartment on high floor with huge living lifestyle in Manhattan. Entire tower floor in triple-mint
schools in this area include East Side Middle School, the Lillie Devereux
and groves of honey locusts, bamboo trees and birches. & dining rooms, high ceilings and moldings, 3 bed- condition. 11 rooms with 2+ bedrooms, enormous mas-
Blake School, East Side Middle School, rooms, library, magnificent eat-in kitchen, and maid’s ter suite. Spectacular views in all 4 directions. Incom-
For more successful new developments in both rental and sales properties, room. Park views. $9,950,000. WEB: A0015886. parable 4-star services. $27,500,000. WEB: A0016598.
Senator Robert F. Wagner Middle School,
see the sidebars.
Talent Unlimited High School, Eleanor
The Upper East Side has some of the greatest residential architecture in
Roosevelt High School, Hunter College
New York, with its history preserved in the mansions, townhouses and grand
High School and the Urban Academy
prewar buildings. It has the broadest avenue in Park Avenue; the highest
Laboratory High School.
concentration of museums along Museum Mile; some of the most expensive
Higher learning educational opportunities
shopping at Barney’s, Tiffany, Henri Bendel, and Louis Vuitton; and some of
that undoubtedly enhance the value of Upper
the greatest parks in Central Park and Charles Schurz Park. There are five-
East Side real estate include Cornell University
star restaurants, tons of nightlife, a plethora of playgrounds and the best cul- CONTRACT SIGNED
Medical School, Hunter College, Marymount tural institutions in the city.
MANDARIN HOTEL SUITE: Beautifully reno- 327 WEST 84TH STREET: Triple-mint 5-story town-
Manhattan College, Mount Sinai School of “Just from a pure neighborhood point of view,” says Kelly Mack, “every- vated 2-bedroom designed by Robert Stern in the house on historical block and just steps from
Medicine and Rockefeller University. thing you could ever ask for is on the Upper East Side.” Mandarin Hotel Tower of the Time Warner Center. Riverside Park. Newly renovated. 6 bedrooms, amazing
The Dalton School Enjoy the many Mandarin amenities and its acclaimed chef’s kitchen, beautiful garden, terrace and roof deck.
hotel services. $6,950,000. WEB: A0016577. Sunny all day. $7,275,000. WEB: A0016312.

REPRESENTING MANHATTAN’S
THE FIELD TEAM
P R E M I E R P RO P E RT I E S
www.nikkifield.com CONTRACT SIGNED
HAMPSHIRE HOUSE: Central Park South. Incredible 857 FIFTH AVENUE: 67TH Street. Rarely available
park views from this 20th-floor 2-bedroom with enor- grand scale full-floor 9-room co-op with spectacular
NIKKI FIELD, SENIOR VICE PRESIDENT: 212.606.7669 mous living room and dining room. Newly renovated. Central Park views from large picture windows. 3-4
First-class building with hotel services available. bedrooms, 51⁄2 baths, and a charming terrace facing
KEVIN B. BROWN, SENIOR VICE PRESIDENT: 212.606.7748 $5,450,000. WEB: A0016622. the Park. $12,500,000. WEB: A0015923.

HELEN MARCOS, ASSOCIATE BROKER: 212.606.7747

JEANNE BUCKNAM, ASSOCIATE BROKER: 212.606.7717
ZOE HAYDOCK, SALES ASSOCIATE: 212.606.7727

PRESENTED BY THE WALL STREET JOURNAL ON JUNE 4TH, 2009

TERRACE AND RIVER VIEWS: 35 Sutton Place. New 845 UNITED NATIONS PLAZA: Investment 126 EAST 65TH STREET: 20’ 5-story gated town-
Nikki Field Ranks Among the Top 100 Agents in America to market! Beautifully renovated, loft-like 3-bedroom Opportunity. Discounted triple mint 3 bedroom in the house with elevator in excellent condition. Located on
Top 10 Agents in New York by Sales Volume with a wrap terrace overlooking the East River. Large
maid’s room. 3,700± sq ft interior, plus 520± sq ft ter-
prestigious Trump World Tower with high rental ten-
ant thru April 30, 2011. Expansive 2,854± sq ft, 6
prime block between Park and Lexington Avenues. 5
bedrooms, fireplaces, chef’s kitchen, wine cellar, sunny
races. $4,950,000. WEB: A0016952. rooms, amazing views. $4,450,000. WEB: A0016668 garden & terraces. $8,950,000. WEB: A0016318.
Sotheby’s International Realty Senior Vice President Nikki Field is recognized in
“America’s Top 400 Real Estate Professionals for 2008”* for achieving outstanding sales volume.
EAST SIDE MANHATTAN BROKERAGE I sothebyshomes.com/nyc
SOTHEBY’S INTERNATIONAL REALTY I EAST SIDE MANHATTAN BROKERAGE 38 EAST 61ST STREET NEW YORK, NY 10065 T 212.606.7660 F 212.606.7661
38 EAST 61ST STREET, NEW YORK, NY 10065 I sothebyshomes.com/nyc
NIKKI FIELD SENIOR VICE PRESIDENT, ASSOCIATE BROKER I T 212.606.7669 I nikkifield.com ROGER ERICKSON SENIOR MANAGING DIRECTOR I T 212.606.7612 I WWW.ROGER-ERICKSON.COM
Sotheby’s International Realty, Inc. is Owned and Operated by NRT LLC *As featured in the annual ranking by REAL Trends Magazine, sponsored by The Wall Street Journal and lore Magazine Sotheby’s International Realty, Inc. is owned and operated by NRT LLC. Sotheby’s International Realty® is a registered trademark.

10 11
 UES-PROFILE

Ask
AskReba!
Exciting

Ask Reba!
Reba!
JACKY TEPLITZKY
Neighborhoods. Managing Director at Prudential Douglas Elliman

Ask Reba!
Great Rentals. What do you like most about working in real estate?
Never a dull moment. Every day is a new day. Everything can change
within hours.
No Fee. Considering what’s going on in the

For over 30 years, we’ve been helping

market, what is different for you WHAT WOULD YOU LIKE TO KNOW ABOUT REAL ESTATE?
New Yorkers live well in the
now as a broker?
We are in a completely different
environment. First of all, we’re in a
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world’s greatest city. buyer’s market. For a long time, we I have heard that the market has turned around. Is this true? If so, what

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Upper East Side and how to choose an apartment. It used to be our role was to help Magazine, New York Observer, New York Sun, On the Avenue, Mann Report, and Crains’ New
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of NY’s request and I have
information that they didn’t have before. You can get information
Clinton about how long the apartment has been on the market, what was
appeared
I Over
look on television
forward and radiomy
to sharing as avast
real estate expert. knowledge directly with you.
real estate
2 decades of providing guidance to buyers, sellers, renters, landlords, converters and
the last selling price, what was the last contract price. So you have Please send your questions
Murray Hill developers, I have
Over 2 decades been
of providing guidanceto
encouraged tome
to shareatmy
buyers, RPMiller@RPMillernyc.com.
expertise
sellers, in a landlords,
renters, more public Also
forum that
converters andwill be
tons of information where previously the consumer was relying on please note ourbeen
Gramercy Park us for the information.
developers,
called “Ask I have
Reba”. Icurrent featured
amencouraged
also the listings!
NYtoObserver
share myLiving’s
expertise in a more
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Consultant thatdevelopment
for the will be
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showcase Reba”. Iover
am also the NY Observer
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to showcase Strategicwhich
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developers to showcase property whichand
my333
firmW.14th
will be Street,
apart and willPrime
exhibit 211
It is to take this information, to be able to translate it in the right exhibit 211 Madison Morgan Court Condominium The Condos.
East Village Madison Avenue, Morgan Court Condominium.
way and to be able to give the consumer the know-how to make the
right decisions. What is the right building that will fit their profile I look forwardReba
Sincerely, to sharing my vast real estate knowledge directly with you. Please send your
Miller
I look forward to sharing my vast real estate knowledge directly with you. Please send your
and what is the right neighborhood and what are their short-term questions to me at RPMiller@RPMillernyc.com.
questions to me at RPMiller@RPMillernyc.com. Also Also please
please note
note ourour current
current featured
featured listings!
listings!
goals vs. their long-term goals, and how to choose the right price
range for their level of comfort. Sincerely,
What are the most unusual properties that you have sold
recently on the UES? Reba Miller
With over 40 properties and more than I have one that is very unusual on East 67th Street. It’s a loft on the
2,000 units throughout Manhattan, we Upper East Side, which is not your typical housing stock there. It’s

BELOW ARE SOME OF OUR CURRENT RESIDENTIAL LISTINGS

help people find apartments they love, almost 5,000 square feet of very grand, open space with very high
in the neighborhoods they prefer. ceilings and an elevator that opens into the apartment. That’s more
typical of Soho, but definitely not of the Upper East Side.

What are some of the things you love most about the Upper
East Side? 411 EAST 53RD STREET 211 MADISON AVENUE 44 EAST 67TH STREET 330 EAST 75TH STREET
That everything is very convenient. I don’t only sell in the Upper Full Service Sutton Place Condo White glove boutique high rise Condo, Jr 4 Rm beauty overlook- Condo, 2 BR One of the up-
East Side, I actually live in the Upper East Side. I raised my two 1 BR, 1 BTH, Triple Mint condi- condominium. Private Half floor ing gardens and townhouses. per East side’s most sought after
children on the Upper East Side. As a working mom, I appreciate tion. Perfect pied-a-terre, full spectacular 2 BR units, 2010-2321 Complete renovation including, full service, white glove condo-
that almost everything is within walking distance, like my children’s time home
112
22 West or 66th
East investment.
83rd StreetOne
Private keyed 7 rooms full floor
Sq
22 Ft
211West duplexes,
Madison
Private 1/2
66th Avenue
Floor,
superb
Street
White Glove
views from
411
EastEast new
53rdbathroom,
Street
63rd/Madison
One-of-a-kind designer
excellent
loft on
785 closets, Privateminiums.
Park Avenue
Magnificent
Penthouse 3600 sq
Full Floor
feet2includes
The sun
45 drenched
211 East
Madison
SponsorJR
80th
offering
Street
Aveanue
Model Unit.Grand
Co-op Condo, 3 BR, 7 Room Full Service Sutton Place Pre-war, Co-op, 2BR, Bath Condo, 4
schools and my children’s friends. Everything is very accessible. year parking in building
condominium
Park Avenue
with Park
2 BRBR2.5
included.
view.
Bath,
balcony including
Condo. . Spectacular
Central
East river, Em-
Model Madisonherringbone
Ave. Brand newfloors,
never new wrapwindowsaround brandsouthern
new land- exposure is very
(1142sq ft) 1bdbright,
1.5th w/balcony.
Oversized Master and second (2321sqPark views, 524-Hr
ft) Loft-like room Condo
before lived in renovation. 40’ White
scaped glove Park
terrace. Ave residence
Elevator opens up Oversized 1Br plus
Private 1/2 floor dining
in white glovealcove,
ser-
You also have a lot of different options when it comes to housing Price $699,000 pire State Building and Chrysler and AC units, new kitchen with quiet & cheery, all day long. A
Bettina Equities Rental Office stock. If you want very quiet, you go to East End Avenue. If you
Loft like-Feels
BR, Library,
C.C. $405 RE Tax
like aDining
Formal
$379
Penthouse,
Greenhouse oversized win- 9’3”
Chef’s kitchen, washer/dryer,
Room, doorman,
room with
Formal
duplex features
plus outstanding
wrap
30’Dining
x 23’ living-
windows
Room, 3 Marble bathrooms, north
and view
1 Br
from
foot
4
1 Livingroom
Bath, Triplewith
beds stone
and 5.5
Mint13” ceilings, intomint
counter
bath plus tops
maids,
condition, Perfect pied-a-terre, and floors,
2
condition, home
this magnificent
bedrooms plus a
Tremendous
“diamond
separate
closet and storage, walk-ins &
boasting
in
studio/ the
vice. Interiors
Marble
rough”,
master
professional
Full
bybath
with
Robyn
a
kitchen,
& Karp,
marble
Open
half bath,
counter-
walk thru kitchen with granite
227 East 85th Street, New York, NY 10028
RP MILLER & ASSOCIATES, INC. TEL: 212.980.4449
ceilings with crown moldings, balcony boasting panoramic Custom Lighting, sound system, office/maids room, 3 full marble tops Subzero, Viking, Bosch applianc-
want to be in the center of everything, you go to Third Avenue. If No boardtwoapproval.
dows, Open North
balconies, and South
4 exposures with large
Chef’s eatinclude
views that in kitchen.
kitchen, WalkChryslerRenovated,
in closets,
& full
13time stainless
home
oversized steel
or investment
windows appliances,
facing new area,
dressing
bathrooms andCustomlittleburning
a wood TLC,& this will
paint floors,transform
Bleached
es, including to a and
wine white
cooler hardwood
washer/

Monday - Friday 9AM - 7PM you want the serenity of the park, you go to Fifth Avenue. Whether Other 1Exposure,
BR’s also
Central available
ParkHuge
view. Many
walk in built
closet
ins, white oak floors with mahog-
Original
Empire
view
upgraded
State
Washer/Dryer,
infloors,
New
Bldgs,
York
oran
BEST
2 Balconies,
features
customize
kitchen One yearelectric.
Central parking inOver
Park
art kitchen,
views,
polyform
9’ beamed
state–of–the–
building
cabinets
ceilings.
fireplace.
lighting, Top of thebeautiful
Top
top appliances
quality line appli-home.floors
renovations,
Tremendous light,
1,000
dryer. Sq.window
Large Ft. space
throughout,
light, magnificent
expanse, great
Excellent
available
Ecustom
X P E R I E N C E .
outfitted, C R E
Brand A T
newI V I T Y . R E
Wood S U L T S . Library den included. Price $699,000 ances, Beautiful parquet floors, closets, Madison Avenue views
you want prewar, postwar, new, old, you have a lot of options. any trim. Very flexible layout. your own.with
eat-in-style Nolaundry
boardcenter.
approval. throughout. 946 Fantastic
Sq. Ft. Rent $5,100 entrance to TerracePrice
Beau Arts from all$849,000
rooms. C.C. $691Offering
mmediatly RE Tax by Prospectus
Saturday and Sunday 10AM - 6PM The nicest thing is that even though it’s a large neighborhood, it
2.5 luxurious
Great baths,
2, 3or even
home off1235
of Central
a 4 10’ 4”
Bedroom 2241 Sq. ft.
Stunning
Starting
Price $3,350,000
designer
price units...Move
$2,495,000.
C.C. 405 Re-Tax
Pre-war condo $379
central air, wash- Marble
Perched master bath.
high above Madison
$859
Price $1,395,000
Only, Price: C.C. $1,168
$1,255,000
ceiling, Sq. Ft.Park. Price: right$2,550
C.C. in. Offering
Re-tax by Prospectus
$1,1441 er/dryer.
Other Must
1 BR’s alsobeavailable.
seen. Available Price Avenue magnificent
$1,295,000 Mt.views of the
$1,669 Re-Tax $521 Financing 90%
becomes a small neighborhood. By the end of the day, you know $3,950,000 Only Units90%
begin $2,995,000. immediately Rent $38,500 city including central
Tax park. Available
www.BettinaEquities.com the shopkeepers, the people that work in the supermarket, so it
Price $1,395,000 Financing
www.morgancourtcondo.com co-exclusive
Financing 60%
immediately Rent $35,000
Deductibility
co-exclusive 48%

212-744-3330
becomes an intimate neighborhood. RP MILLER & ASSOCIATES, INC. TEL: 212.980.4449
RP MILLER & ASSOCIATES, INC.
EXPERIENCE. CREATIVITY. RESULTS.

EXPERIENCE. CREATIVITY. RESULTS.

TEL: 212.980.4449
12 13
 UES
CULTURE
=dS`#1`OTb1O\Rg
BVS[SR>O`bWSa The 92nd Street Y
1395 Lexington Avenue, 212.415.5500, www.92y.org
The 92nd Street Y has a history that spans over 133 years. It was founded in 1874
as the Young Men’s Hebrew Association, where Jewish men could find harmony
and good fellowship. Nurturing talent is a key objective of the 92nd Street Y, and
artists such as Martha Graham, Yo-Yo Ma, I.M. Pei and Paul Robeson have shared
their gifts. Provocative debate is also a key goal of 92nd Street Y, and some of
the century’s central figures have graced its stage: Bill Gates, Mikhail Gorbachev,
Gloria Steinem, Jimmy Carter and Kofi Annan.
The Asia Society
725 Park Avenue (at 70th Street), 212-288-6400, www.asiasociety.org
The Asia Society is the leading global and pan-Asian organization working to
strengthen relationships and promote understanding among the people, leaders
and institutions of the United States and Asia. Founded in 1956, the museum exhibits
traditional and contemporary Asian and Asian American art. The Asia Society’s Mr.
and Mrs. John D. Rockefeller 3rd Collection includes about 280 objects of exceptional
quality from the traditional artistic cultures of Far, South, and Southeast Asia.
Current exhibitions: Arts of Ancient Viet Nam: From River Plain to Open Sea
February 2 – May 2, 2010.
Cooper-Hewitt, National Design Museum
2 East 91st Street, 212-849-8300, www.cooperhewitt.org
The Cooper-Hewitt, National Design Museum presents
compelling perspectives on the impact of design on daily
life through active educational and curatorial programming.
Cooper-Hewitt, National
The museum was founded in 1897 by Amy, Eleanor and
Design Museum
Sarah Hewitt, granddaughters of industrialist Peter Cooper,
as part of the Cooper Union for the Advancement of Science and Art. A branch
of the Smithsonian since 1967, Cooper-Hewitt is housed in the landmark Andrew
Carnegie Mansion on Fifth Avenue in New York City. Cooper-Hewitt’s collections
include more than 250,000 design objects and a world-class design library.
Current exhibitions: Tata Nano–The People’s Car, February 18 – April 25; Rodarte,
February 11 – March 14, 2010
The Frick Collection
1 East 70th Street, 212-288-0700, www.frick.org
The Frick Collection was founded by Henry Clay
Frick (1849-1919), the Pittsburgh coke and steel
industrialist. The art of the Frick Collection includes
superb examples of Old Masters, English 18th-
century portraits, Dutch 17th-century works of art,
Italian Renaissance paintings, Renaissance bronzes,
The Frick Collection Limoge enamels, Chinese porcelains and French
18th-century furniture. Artists represented in the
collection include Rembrandt van Rijn, Giovanni Bellini, El Greco, Frans Hals,
Johannes Vermeer and others.
Current Exhibitions: Masterpieces of European Painting from Dulwich Picture
Gallery, March 9 – May 30.
The Metropolitan Museum of Art The Metropolitan
1000 Fifth Avenue at 82nd Street, 212-535-7710, www.
Museum of Art
metmuseum.org
The Metropolitan Museum of Art is one of the world’s largest
and finest art museums. Its collections include more than two
million works of art spanning 5,000 years of world culture,
from prehistory to the present and from every part of the
globe. Founded in 1870, the museum is visited by nearly five
14
million people each year.
Current exhibitions: The Drawings of Bronzino, January 20 – April 18; Surface
Tension: Contemporary Photographs from the Collection, September 15 – June
13; Peaceful Conquerors: Jain Manuscript Painting, September 10 – March 28;
Sounding the Pacific: Musical Instruments of Oceania, November 17 – September
6; and many others.
The Museum of the City of New York
1220 Fifth Avenue at 103rd St., 212-534-1672, www.mcny.org
This instution’s unique mandate among the city’s major museums is to explore
the past, present and future of this fascinating and particular place and to
celebrate its heritage of diversity, opportunity and perpetual transformation. A
variety of exhibitions, public programs and publications all investigate what gives
New York City its singular character.
The museum’s public programs also play a vital role in educating and enlightening
visitors and participants. Leading observers of the city, including Ken Auletta,
Robert Caro, David Gonzalez, Tim Gunn, Roger Kahn, Russell Shorto and Robert
A. M. Stern, have shared their insights in panel discussions and lectures.
Current exhibitions: Legacy: The Preservation Of Wilderness In New York City
!"#$%&'($)*+#,$-.&/# 265 66 SuttonPlace
Parks, October 9 – March 21; Photographs by Joel Meyerowitz Only In New York:
525 East 72nd Street 265 East 66th Street 420 East 61st Street*
Photographs From Look Magazine, November 17 – May 16; and others.
The National Academy of Design
1083 Fifth Avenue (at 89th Street), 212-369-4880,
www.nationalacademy.org
Founded in 1825, The National Academy houses Studio, 1, 2, & 3 Bedroom Luxury Rentals
one of the largest public collections of 19th and Panoramic views of Park, River and Skyline
20th century American art in the United States. Its Glass Enclosed Indoor Rooftop Pool,
212.829.9000 Health Club and Garage Available SOLOW BUILDING COMPANY
fundamental mission is to promote American art
*Health Club Only
www.solowresidential.com
through exhibitions. Equal Housing Opportunity
Current exhibitions: 185th Annual: An Invitational
Exhibition of Contemporary American Art, February The National Academy
of Design
17 – June 8, 2010.
The Solomon R. Guggenheim Museum
1071 Fifth Avenue (at 89th Street), www.guggenheim.org. In June 1943, Frank Lloyd
Wright received a letter from Hilla Rebay, the art adviser to Solomon R. Guggenheim,
asking the architect to design a new building to house Guggenheim’s four-year-old
Museum of Non-Objective Painting. The project evolved into a complex struggle
pitting the architect against his clients, city officials, the art world and public opinion.
Both Guggenheim and Wright would die before the building’s 1959 completion. The
resultant achievement, the Solomon R. Guggenheim Museum, testifies not only to 345 East 93rd Street, Apt 5B
Wright’s architectural genius but to the adventurous spirit that characterized its Price - $535,000
founders.
Maintenance - $1013
Current exhibitions: Contemplating the Void: Interventions in the Guggenheim
Museum, February 12 – April 28; Tino Sehgal, January 29 – May 10; and others. This is the largest one bedroom line in the building,
Millrock Plaza, a full service cooperative doorman
The Whitney Museum of American Art building, and offers open northern exposure with
945 Madison Avenue at 75th Street, 212-570-3600, info@whitney.org river views. This newly renovated sponsor unit, which
requires no board approval, features new kitchen
The Whitney Museum of American Art was born out of sculptor Gertrude
cabinets, granite counters, new appliances, marbled
Vanderbilt Whitney’s advocacy on behalf of living American artists. At the
bath, and new hardwood floors. Millrock Plaza features
beginning of the 20th century, artists with new ideas found it nearly impossible to
a full service gym, outdoor roof deck, on site garage, live
exhibit or sell their work in the United States. Recognizing
the obstacles these artists faced, Mrs. Whitney began in superintendent and is a pet friendly building.
purchasing and showing their work, thereby becoming the Purchaser pays all transfer fees, taxes, and sponsor
leading patron of American art from 1907 until her death attorney fees. Please call or e-mail for an appointment.
in 1942.
Since its inception in 1931, the Whitney has championed Jk\m\>XccX^_\i›:fi\>iflg
American art and artists by assembling a rich permanent
collection and featuring a rigorous and varied schedule of
sgallagher@corenyc.com
exhibition programs. 212-500-2127
15
 MARKET STATISTICS

Upper East Side PROVIDED BY

CURRENT MARKET SNAPSHOT

Below is a market snapshot as of March 10, 2010 of what is currently available for sale and rent.
Price indicates median values.
SALES RENTALS
ALL UPPER EAST SIDE MARKET SNAPSHOT ALL UPPER EAST SIDE MARKET SNAPSHOT

Type #Listings Price Type #Listings Price

Studio 75 $375,000 Studio 101 $1,800
Café Boulud
1 BR 251 $649,000 1 BR 258 $2,272
2 BR 255 $1,595,000 2 BR 110 $3,975
UES 3 BR 164 $2,995,000 3 BR 46 $7,756
5 Great Restaurants 4+ BR 89 $8,250,000 4+ BR 23 $18,900
llin g!!
Now Enro Atlantic Grill
1341 Third Avenue (between 76th & 77th), 212-988-9200 Lenox Hill MARKET SNAPSHOT Lenox Hill MARKET SNAPSHOT
An icon of the Upper East Side, this is the uptown counterpart to the Blue

!"#$%&'()*'+),'%&-./0'# Water Grill, with more of an Asian influence. There’s a pan-Asian sushi bar, a
raw bar, a wood-burning grill, a large lobster pot, caviar and coast-to-coast
Type #Listings Price Type #Listings Price
th seafood delicacies.
Studio 96 $433,500 Studio 117 $1,950
Café Boulud 1 BR 215 $660,000 1 BR 210 $3,000
20 East 76th Street (between Fifth & Madison), 212-772-2600 2 BR 254 $1,597,500 2 BR 101 $5,495
1597 York Avenue (b/t 84th & 85th) Inspired by the Boulud family’s old farm cafe in France, the French American 3 BR 119 $3,250,000 3 BR 55 $9,495


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cuisine is prepared by Chef Gavin Kaysen, a Food & Wine magazine “Best
New Chief” and James Beard “Rising Star Chef.” You’ll find the menu divided
4+ BR 94 $6,750,000 4+ BR 13 $19,500
into traditional, seasonal, and exotic flavors. Casual and elegant, it is located
on the first floor of the Surrey Hotel. Yorkville MARKET SNAPSHOT Yorkville MARKET SNAPSHOT
Daniel

Why should 60 East 65th Street (between Madison & Park), 212-288-0033 Type #Listings Price Type #Listings Price
Chef Daniel Boulud’s flagship restaurant is considered by many to be Studio 60 $344,000 Studio 175 $1,550
you pay for New York’s finest. With an interior redesign in 2008 and quintessential yet
1 BR 212 $567,000 1 BR 295 $2,000
contemporary French food prepared by executive chef Jean-François Bruel,
someones it earns its reputation. Expect extraordinary service and food that will make 2 BR 163 $975,000 2 BR 165 $2,500
3 BR 83 $1,750,000 3 BR 39 $5,500
outrageous you think you’ve died and gone to heaven.
4+ BR 45 $4,050,000
Shalezeh 4+ BR 4 $14,662
overhead? 1420 Third Avenue (between 80th & 81st), 212-288-0012
Take advantage of New York’s melting pot and check out the authentic and
delicious Persian menu at this casually elegant restaurant. The friendly staff
UES MARKET SNAPSHOT UES MARKET SNAPSHOT
When a great will walk you through the traditional menu dishes, which are spiced gently

Haircut and and prepared with fresh herbs, fruits and even flowers. Type #Listings Price Type #Listings Price
Sushi of Gari Studio 75 $375,000 Studio 101 $1,800
Haircolor is what 402 East 78th Street (between First & York), 212-517-5340 1 BR 251 $649,000 1 BR 258 $2,272
you really want! Among the multitude of New York’s Japanese restaurants, this is one of
2 BR 255 $1,595,000 2 BR 110 $3,975
the city’s insider secrets. Renowned among sushi connoisseurs, sushi chef
Masatoshi “Gari” Sugio has been at his craft since he was a sushi chef in 3 BR 164 $2,995,000 3 BR 46 $7,756
If your tired of paying for “the salon experience” when
all you really desire is Haircolor that turns heads and Japan at 19 years old. The Omakase, or chef tasting menu, gets raves. 4+ BR 89 $8,250,000 4+ BR 23 $18,900
a Haircut that works with the hair you have then
it’s time to call Tres Jordan. Tres brings a love and Carnegie Hill MARKET SNAPSHOT Carnegie Hill MARKET SNAPSHOT
passion for the Art of Hair that’s been his hallmark for
25 years. But don’t believe us, see what his patrons
say at Yelp.com or check out tresjordan.com for any Type #Listings Price Type #Listings Price
questions you may have. Studio 14 $525,000 Studio 52 $1,925
Upper Echelon work at half the cost!!! 1 BR 65 $615,000 1 BR 84 $2,447
2 BR 102 $1,437,500 2 BR 56 $3,795
CALL 646-573-4856 to book an appointment
3 BR 74 $3,075,000 3 BR 24 $2,900
tresjordan.com 4+ BR 36 $4,925,000 4+ BR 9 $13,000
16 17

Daniel
 MARKET STATISTICS MARKET STATISTICS
PROVIDED BY PROVIDED BY

Upper East Side

NEW DEVELOPMENT DIRECTORY
The following is a list of new developments currently on the market in the Upper East Side. More informa-
tion can be found in the New Development Directory available on StreetEasy.com.

UPPER EAST SIDE

Total Units Phone Website Address Street Landmark Name Type Property Type Min Sale Price Max Sale Price Min Rental Price Max Rental Price
42 212-772-1600 www.themarkhotel.com 25 East 77th Street The Mark New Construction Cond-Op $2,025,000 $60,000,000
45 212-317-3681 www.thecharlesny.com 1355 1 Avenue The Charles New Construction Condo
32 212-732-0372 www.isiscondo.com 303 East 77th Street Isis New Construction Condo $1,550,000 $5,300,000
40 212-452-1300 www.300east79.com 300 East 79th New Construction Condo $1,575,000 $5,750,000
12 212-891-7263 www.lux74ny.com 429 East 74 Street Lux 74 New Construction Condo
365 212-772-2722 www.515e72.com 515 East 72 Street Miraval Living New Construction Condo $649,000 $5,220,000 $3,100 $6,600
26 212-570-9950 www.995fifthave.com 995 5 Avenue Conversion Cond-Op $13,000,000 $28,500,000
38 212-734-8282 www.themerritthouse.com 167 East 82 Street Merritt House New Construction Condo $875,000 $2,350,000
33 212-585-4574 www.1474third.com 1474 3 Avenue The New Yorker Condominium Conversion Condo $1,390,000 $1,625,000
98 888-521-3687 www.thelucida.com 151 East 85 Street The Lucida New Construction Condo $2,461,600 $19,950,000 $8,500 $20,000

LENOX HILL
Total Units Phone Website Address Street Landmark Name Type Property Type Min Sale Price Max Sale Price Min Rental Price Max Rental Price
182 212-758-6363 www.blake63.com 220 East 63 Street The Blake Conversion Rental $2,800 $3,800
120 212-355-2500 www.trumpparkavenue.com 502 Park Avenue Trump Park Avenue Conversion Condo $1,395,000 $31,000,000 $4,000 $100,000
33 212-734-4066 www.40east66.com 40 East 66 Street Conversion Condo $6,245,000 $6,600,000 $19,500 $19,500
65 212-418-2094 www.barbizon63.com 140 East 63 Street Barbizon/63 Conversion Condo $1,475,000 $12,500,000
556 212-566-0660 www.manhattanhouse.com 200 East 66th Street Manhattan House Conversion Condo $665,000 $5,950,000 $3,100 $3,100
128 212-750-5550 www.laurelcondominium.com 400 East 67 Street The Laurel New Construction Condo $839,000 $12,500,000 $2,900 $4,500

YORKVILLE
Total Units Phone Website Address Street Landmark Name Type Property Type Min Sale Price Max Sale Price Min Rental Price Max Rental Price
163 212-249-8505 www.thebromptonnyc.com 205 East 85 Street The Brompton New Construction Condo $695,000 $6,600,000 $2,700 $9,000
22 212-876-9595 www.easthillcondominiums.com 212 East 95 Street East Hill New CoNstruction Condo $1,145,000 $1,895,000
43 212-360-6600 www.omnicondos.com 206 East 95 Street The Omni New Construction Condo $2,850 $2,900
7 212-321-7150 Null 306 East 82 Street New Construction Condo $699,000 $1,750,000
58 212-988-8511 www.georgicalife.com 305 East 85 Street Georgica New Construction Condo $1,750,000 $4,850,000 $6,000 $6,000
120 212-828-4848 www.azureny.com 333 East 91st Street Azure New Construction Cond-Op
128 212-987-0090 www.centurytowercondo.com 400 East 90 Street Century Tower New Construction Condo $499,000 $990,000 $1,800 $3,950
16 917-848-7718 Null 403 East 90 Street Conversion Co-Op $495,000 $750,000

CARNEGIE HILL
Total Units Phone Website Address Street Landmark Name Type Property Type Min Sale Price Max Sale Price Min Rental Price Max Rental Price
1 212-794-3500 www.3east94.com 3 East 94 Street Conversion Townhouse $24,750,000 $24,750,000
5 212-534-1055 www.1055park.com 1055 Park Avenue New Construction ConDo $7,500,000 $9,950,000
7 212-439-5183 www.180e93.com 180 East 93 Street New Construction Condo $4,850,000 $6,800,000
298 212-348-0500 www.1510lex.com 1510 Lexington Avenue Carnegie Hill Place New Construction Rental

18 19
 MARKET STATISTICS

Think rich,
PROVIDED BY

Upper East Side

2008-10 FEB. RECORDED SALES
The table below presents recorded sales data of condos, co-ops and townhouses in Manhattan and within
the Upper East Side market. Data is from Feburary 2008, 2009, and 2010. Overall, the volume of trans-
actions this last month have increased since February 2009 but have not yet returned to February 2008
levels, with the exception of Yorkville which had 17.3% more closings this year than February 2008. While
look poor.
-Andy Warhol
median and average prices continued to fall in the Manhattan and the overall Upper East Side markets,
Carnegie Hill and Lenox Hill witnessed median price gains of 36.4% and 5.3%, respectively since last year.

FEBRUARY RECORDED SALES

Recorded sales of condos, co-ops or houses in manhattan (as of 03/10/2010)

Closed On Closing Count Median Price Average Price

In Manhattan Feburary 2008 1,360 885,000 1,722,397
In Manhattan Feburary 2009 530 790,000 1,378,985
In Manhattan Feburary 2010 731 785,000 1,415,523
February 2010 v. Feb-09 37.9% -0.6% 2.6%
Feb-08 -46.3% -11.3% -17.8%

In All Upper East Side Feburary 2008 223 920,000 2,014,472

In All Upper East Side Feburary 2009 113 1,140,000 2,096,731
In All Upper East Side Feburary 2010 191 860,000 1,823,099
February 2010 v. Feb-09 69.0% -24.6% -13.1%
Feb-08 -14.3% -6.5% -9.5%

In Carnegie Hill Feburary 2008 29 899,995 2,155,190

In Carnegie Hill Feburary 2009 9 800,000 1,415,388
In Carnegie Hill Feburary 2010 18 1,090,000 1,348,671
February 2010 v. Feb-09 100.0% 36.3% -4.7%
Feb-08 -37.9% 21.1% -37.4%

In Lenox Hill Feburary 2008 58 1,541,666 3,269,698

In Lenox Hill Feburary 2009 30 997,000 1,567,294
In Lenox Hill Feburary 2010 57 1,050,000 2,429,736
February 2010 v. Feb-09 90.0% 5.3% 55.0%
Feb-08 -1.7% -31.9% -25.7%

In Upper East Side Feburary 2008 84 1,063,000 1,712,509

In Upper East Side Feburary 2009 31 2,547,500 3,279,519
In Upper East Side Feburary 2010 55 750,000 2,204,524 HORIZONTAL LOGO (variation)

February 2010 v. Feb-09 77.4% -70.6% -32.8% Only for use when size constraints do not allow the use of the PRIME LOGO.
To be used on all products unless background is too dark as specified

Feb-08 -34.5% -29.4% 28.7%

In Yorkville Feburary 2008 52 682,500 1,023,721

In Yorkville Feburary 2009 43 1,062,500 1,756,003
In Yorkville Feburary 2010 61 651,000 1,052,327 9 BOND STREET I 399 BLEECKER STREET
6 8 0 & 8 9 7 M A D I S O N AV E N U E I B O N D N O 9 . C O M
February 2010 v. Feb-09 41.9% -38.7% -40.1% 1.877.273.3369 I SAKS FIFTH AVENUE I SAKS.COM
©/®/TM The Andy Warhol Foundation for the Visual Arts
Feb-08 17.3% -4.6% 2.8%

20 SuccessObserver315R.indd 1 3/15/10 4:39:22 PM 21

Upper East Side
MARKET STATISTICS
PROVIDED BY LittLeKiDs
 
  

 
 
FEBRUARY MARKET SNAPSHOT AC C   
   

Below is a market snapshot of listings that were available in February 2008, 2009, and 2010. Upper East
Side asking prices have fallen but not nearly as much as the overall Manhattan market. There were fewer
listings with price cuts in February 2010 than the year prior. Price cuts this past month have not been as
deep as the year prior, showing an increase in seller optimism and buyer interest.

Listing Average Median Decrease Listing Average

Count Price Price Count With Cuts Decrease

In Manhattan* 7,226 2,144,737 1,249,000 1,637 22.7% 5.7%

In Manhattan** 11,715 2,081,021 1,150,000 4,410 37.6% 7.5%
In Manhattan*** 11,205 1,862,995 949,500 3,577 31.9% 6.9%
February 2010 v. Feb-09 -4.4% -10.5% -17.4% -18.9%
Feb-08 55.1% -13.1% -24.0% 118.5%

In All Upper East Side* 1,416 3,030,578 1,390,000 381 26.9% 6.0%
In All Upper East Side** 2,575 2,727,532 1,295,000 1,087 42.2% 7.8%
In All Upper East Side*** 2,390 2,516,059 1,195,000 909 38.0% 7.0%
February 2010 v. Feb-09 -7.2% -7.8% -7.7% -16.4%
Feb-08 68.8% -17.0% -14.0% 138.6%

In Carnegie Hill* 142 2,715,657 1,895,000 37 26.1% 6.9%

In Carnegie Hil** 296 3,286,391 1,895,000 139 47.0% 8.1%
In Carnegie Hil*** 267 2,841,851 1,765,000 103 38.6% 6.6%
February 2010 v. Feb-09 -9.8% -13.5% -6.9% -25.9%
Feb-08 88.0% 4.6% -6.9% 178.4%

In Lenox Hill* 443 3,740,908 1,650,000 120 27.1% 6.1%

In Lenox Hill** 779 3,199,008 1,495,000 322 41.3% 8.1%
In Lenox Hill*** 730 3,135,202 1,310,000 275 37.7% 7.2%
February 2010 v. Feb-09 -6.3% -2.0% -12.4% -14.6%
Feb-08 64.8% -16.2% -20.6% 129.2%

In Upper East Side* 456 3,732,585 1,568,000 107 23.5% 6.3%

In Upper East Side** 875 3,167,711 1,495,000 350 40.0% 8.2%

LESTERSNYC.COM
In Upper East Side*** 821 2,734,511 1,395,000 314 38.2% 7.9%
February 2010 v. Feb-09 -6.2% -13.7% -6.7% -10.3%
Feb-08 80.0% -26.7% -11.0% 193.5%

In Yorkville* 374 1,452,204 784,650 116 31.0% 5.2%

In Yorkville** 624 1,260,862 750,000 275 44.1% 6.8%
In Yorkville*** 571 1,257,097 729,000 216 37.8% 5.6%
February 2010 v. Feb-09 -8.5% -0.3% -2.8% -21.5%
Feb-08 52.7% -13.4% -7.1% 86.2%
* Active on 2008M02 (02/01-02/29/2008)
** Active on 2009M02 (02/01-02/28/2009)
*** Active on 2010M02 (02/01-02/28/2010)
M A N H AT TA N 
2 ND AVE @ 80TH ST 
212 .734.9292
22
R Y E 
G R E E N VA L E 
H U N T I N G TO N 
B RO O K LY N
Advertisers DIRECTORY
AZURE
Azure offers some of the finest residences on the Upper
East Side. But we now offer even more………..New low
pricing for a new development on the Upper East Side.
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Payment until closing! 3) NO board approval, NO board
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can be reached at 212-828-4848. We look forward to seeing you at the Azure!
THE LUCIDA
A limited number of residences remain at The Lucida,
a dramatic 21-story glass curtain wall condominium
developed by Extell Development Company. Offering
residents a lifestyle that combines the prestige of the Upper
East Side with eco-consciousness, the Lucida also includes
the ultimate in modern amenities: a LA PALESTRA Fitness,
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BETTINA EQUITIES LESTER’S

Bettina Equities:
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Bettina is known for affordable prices that make Manhattan living
in the finest buildings within reach, with NO FEE! Attractive studios,
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Lester’s is a unique one-stop shopping destination for
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Lester’s in Manhattan is located at 1534 Second Avenue
and 80th Street 212 734-9292) with other locations in
Greenvale and Huntington Long Island, Rye and Brooklyn.

THE CRAFT STUDIO MANHATTAN HOUSE

The Craft Studio is the hottest place in NYC for
parties, play dates, painting, toys, candy, crafts,
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over 20 themes to chose from, there is something
for everyone. Call for reservations and walk in
availability. 212-831-6626; www.craftstudionyc.
com; 1657 3rd Avenue, NY, NY 10128
1657 Third Avenue, New York City 10128
212.831.6626
www.craftstudionyc.com
Manhattan House, the iconic landmarked luxury residential
condominium, has been impeccably re-engineered and offers
spacious one- to five-bedroom residences for immediate
occupancy. Residents enjoy the 10,000-square-foot rooftop
level featuring the Manhattan Club and exhale® spa,
the brand’s first residential spa in NYC. Set within one of
Manhattan’s largest private residential gardens, Manhattan
House also features a Roto Studio-designed children’s
playroom and exhale® fitness center, full-time doormen, five-
star concierge services, porte-cochere entrances, on-site garage and valet service.

FOX RESIDENTIAL GROUP MATHNASIUM

Mathnasium makes math fun!!!
Fox Residential Group is an exclusive boutique Mathnasium offers tutoring and

New New
baby? I canIhelp you you
brokerage firm specializing in the sale and rental of the enrichment programs exclusively in
finest residential properties throughout Manhattan. math in your home or at our center. We
baby? can help
New baby? II can
can help
helpisyou
Founded by Barbara Fox in 1989, the firm’s staff includes help students in grades PreK-12 build a

New
surebaby? youis
solid math foundation while developing confidence and a love for math. Your child

makemake your your

coverage
42 of the city’s top brokers. The firm’s range of services
extends not only to buyers, sellers and renters, but
also developers and investors. With offices on Madison Avenue and 79th Street, it has five
will receive both homework guidance and a customized program that fills in skill
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They can be reached at 212-639-9711 and www.foxresidential.com

GYMTIME RHYTHM & GLUES NIKKI FIELD Newup-to-date.

up-to-date. Callhelp
baby? I can
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me you
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Gymtime Rhythm & Glues is the
ORIGINAL full service “mommy &
me”, preschool, and after school
EMERY ROTH OFF CENTRAL PARK WEST: This
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programs facility. We have been pioneers in the field of teaching and entertaining
BARBARA GRIMALDI
residence features 4 bedrooms and 4 new marble and
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and gaining new experiences. At Gymtime Rhythm & Glues we offer a wide variety
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212.606.7669
(212)(212)
759 3920
BARBARA759 A. GRIMALDI
3920
and Preschool programs. All of our staff and coaches are professionally trained.
(212)
BARBARA
227 EAST 56TH759ST 3920
A.ST
GRIMALDI
Please call us at 212.861.7732 or visit our website: www.gymtime.net
(212)
227
NEW YORK
759
227 EAST
EAST 56TH
56TH3920
ST
RP MILLER & ASSOCIATES (212)
NEW
227
NEWEAST759
YORK
YORK 3920
56TH ST
BARBARA A. GRIMALDI
HALSTEAD PROPERTY
Whether it’s a rental, sale, sublease or BGrimaldi@allstate.com
BGrimaldi@allstate.com
This incredible high floor prewar apartment features corporate lease transaction RP Miller &
RP MILLER & ASSOCIATES, INC. 227
NEW EAST
YORK 56TH ST
BGrimaldi@allstate.com
7 extra-large size rooms with a wonderful layout and
excellent light from many large windows. A central foyer
leads to the spacious living room with a wood burning
Associates, Inc. recognizes the desires and
interests of each client to assure an easy
EXPERIENCE. CREATIVITY. RESULTS. (212)
NEW 759
YORK3920
BGrimaldi@allstate.com
fireplace and a large dining room. A delightful eat-in-
transaction. Clientele include: investment
bankers from the largest houses, renowned corporations,
25 years of Real Estate Service
international
Whether it’s a rental, sale, sublease or corporateclients from South
lease transaction 227 EAST 56TH ST
BGrimaldi@allstate.com
kitchen with washer/dryer is adjacent to a maid’s room
NEW YORK
RP Miller & Associates, Inc. recognizes the desires and interests
America and Europe, and domestic buyers; allofreceive
each client tothe
assurebest
an easy support possible.
transaction. Clientele include: The one
and bath. An east wing incorporates 3 bedrooms and 3 on one approach practiced at RP Miller & Associates offers
investment bankers fromthe best
the largest representation
houses, renowned corpora- by
baths. Located at 340 East 72nd Street, this apartment
BGrimaldi@allstate.com
tions, international clients from South America and Europe, and
placing the client first. Our agents are available by direct
domestic buyers; allphone, cell
receive the best phone,
support possible. or email 24
is listed by Marguerite Platt of Halstead Property, hours/day, 7 days per week. Please contact us at 212-980-4449 for more information.
212-381-3223 or www.halstead.com/1700038 www.rpmillernyc.com
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JACKY TEPLITZKY SOLOW BUILDING

Jacky Teplitzky is a managing director at Prudential Douglas
Elliman and the leader of her eponymous team. She is renowned for
For those seeking luxury rentals, Solow Building Company
offers a wealth of options. Whether you choose the luxurious Appointments Appointments
Appointments to fit your totofit fitschedule.
your
your schedule.
schedule.
her unique marketing techniques and customer service abilities. Rivers Bend on East 87th Street, or one of our dramatic black
The Jacky Teplitzky team has sold more than $700,000,000 and
counting….in properties. And during the “Great Recession,” she
glass towers, (One East River Place, 265 East 66th Street or
One Sutton Place North) you will be welcomed into a world Appointments to fit your schedule.
and her team closed on more than 95 transactions totaling some
$100,000,000 in 2009. Jacky works with domestic and global
without compromise. If it is a classic lifestyle you are after
nothing quite compares to renting at the Solow Townhouses Appointments
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