Carnegie Hill Real Estate Market Trends

Market Overview for Quarter 1, 2021


Median Sale Price

$1.5M

-22% YoY


Median Price/Sqft

$1,208

-11% YoY


No. of Transactions

113

28% YoY

Manhattan Median Sale Price

$1M

-1% YoY

The median home sale price in Carnegie Hill as of Quarter 1 was $1.5M, down 22% year-over-year. A total of 113 assets were sold, representing a 28% growth compared to Quarter 1 last year. The median price per square foot was $1,208, an -11% YoY change. In Quarter 1, the median home sale price in Manhattan was $1M.

Carnegie Hill Neighborhood Map

Nestled on the Upper East Side, Carnegie Hill is a top choice for buyers who want a small-town feel in the middle of Manhattan. A wide variety of property types are available here, including apartments, historic brownstones, newer condos, and mansions. Old and new trees alike line avenues that are home to offices, storefronts, and residential buildings.

Carnegie Hill Median Sale Price

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Median Sale Price Per Square Feet

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Real Estate Transactions in Carnegie Hill

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Top most expensive neighborhoods in Manhattan

Carnegie Hill median price compared with other neighborhoods in Manhattan

Carnegie Hill property values are on the higher-end for neighborhoods in Manhattan .




Carnegie Hill median price compared with all the neighborhoods in Manhattan

Neighborhood Borough Median Sale Price
Hudson Yards Manhattan $5,504,250
TriBeCa Manhattan $3,500,000
SoHo Manhattan $3,145,000
Hudson Square Manhattan $2,906,012
Civic Center Manhattan $2,780,000
NoLIta Manhattan $2,536,225
NoHo Manhattan $2,235,000
Central Park South Manhattan $2,147,500
Little Italy Manhattan $1,925,000
Garment District Manhattan $1,900,000
Flatiron District Manhattan $1,865,000
Chinatown Manhattan $1,733,179
NoMad Manhattan $1,587,000
Two Bridges Manhattan $1,582,955
Carnegie Hill Manhattan $1,497,500
West Village Manhattan $1,225,000
Greenwich Village Manhattan $1,175,000
Gramercy Park Manhattan $1,100,000
East Village Manhattan $1,100,000
Lenox Hill Manhattan $1,100,000
Upper West Side Manhattan $1,075,000
Lincoln Square Manhattan $1,070,000
Chelsea Manhattan $1,022,000
Theatre District - Times Square Manhattan $970,000
Financial District Manhattan $965,000
Sutton Place Manhattan $841,250
Yorkville Manhattan $819,000
Central Midtown Manhattan $805,000
Manhattan Valley Manhattan $800,000
Clinton - Hell's Kitchen Manhattan $779,500
Turtle Bay Manhattan $765,000
Battery Park City Manhattan $753,950
Murray Hill Manhattan $750,000
East Harlem Manhattan $750,000
Lower East Side Manhattan $728,000
Harlem Manhattan $705,000
Roosevelt Island Manhattan $676,551
Morningside Heights Manhattan $670,000
Koreatown Manhattan $645,000
Kips Bay Manhattan $607,000
Washington Heights Manhattan $580,000
Inwood Manhattan $532,000
Tudor City Manhattan $492,500

Residential Properties Sold in Carnegie Hill

Property Type Median sale price Y-o-Y Median sale price/sqft Y-o-Y Transactions
Condos $1.5M -41% $1K -23% 24
Coops $1.5M -6% $1K -2% 87
Houses $6M -46% $1K -34% 2

The median house sale price in Carnegie Hill in Quarter 1 was $6M, down 46% year-over-year. Condo and coop prices in Carnegie Hill trended similarly, with a median condo price of $1.5M, down 41% year-over-year, and the median coop sale price down -6 % year-over-year to $1.5M.

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Carnegie Hill Neighborhood Guide

Located on the fashionable Upper East Side, Carnegie Hill offers a small town feel in the middle of bustling Manhattan. Local activists work hard to preserve the village-like vibe and have succeeded in creating an historic district and preventing new high rises from being built. It's known as a quiet, well-maintained, and sophisticated neighborhood with historic avenues, numerous museums, and is within close proximity to Central Park. The Andrew Carnegie Mansion, which is responsible for this neighborhood's name, is nestled amongst open streets, old storefronts, and young trees.

Architecture and landmarks

The Andrew and Louise Carnegie Mansion, now known as the Cooper-Hewitt National Design Museum, is the most recognizable landmark in the neighborhood but there are plenty of others: The Solomon R. Guggenheim Museum, which was designed by famed architect Frank Lloyd Wright, the Virginia Graham Fair Vanderbilt House, and the Russian Orthodox Church.The architecture in this neighborhood is made up of brick and brownstone town houses, early flat buildings, apartment homes, and freestanding mansions, and the vast majority of all residential buildings were completed between the 1870s and the 1930s.

Transport

Commuting to Midtown or lower Manhattan via subway is simple, thanks to the Number 6 station at East 96th Street and the East 86th Street station's access to Numbers 4, 5, and 6. Several buses and express buses also run throughout the neighborhood.

Schools

The abundance of scholarly options is one of the big draws for families who move to Carnegie Hill. Private schools include Dalton, Nightingale-Bamford, and St. David's, and there are several public school options as well. P.S. 6, located on 81st near Madison, ranked 66th out of all 613 elementary schools in the city. P.S. 198 is also ranked in the top half for elementary schools. Junior high students attend J.H.S. 167 and there's also a school specifically for gifted kids: Hunter College Campus Schools.

Health

Though there is no hospital in Carnegie Hill, there are close to two dozen medical facilities, including animal care centers.

Safety

Carnegie Hill is part of the 19th Precinct, where 9.14 crimes were reported per 1,000 residents in 2015. It is one of the safest neighborhoods in Manhattan.

Things to do

Get out and enjoy the fresh air by visiting Central Park, which is directly accessible to Carnegie Hill, or stop by the nearby Jacqueline Kennedy Onassis Reservoir. The Conservatory Garden is considered by many to be one of the most beautiful spots in the entire city, and includes a fountain that honors Frances Burnet, author of the classic children's book The Secret Garden. A New York Public Library branch is located at 96th and Park Avenue.

Dining options abound, with a wide range of restaurants on Madison Avenue, including long-time neighborhood Italian institutions like Paola's and Vico Ristorante, or Sarabeth's, a brunch spot that's been popular for decades. Then stop off at one of the neighborhood's numerous museums: The Jewish Museum, the Solomon R. Guggenheim Museum, or the National Academy Museum and School.

Walking the avenues gives you a mix of shopping options from national chains to unique boutiques to edgy independent shops. The tin-ceilinged Corner Bookstore has been a cornerstone of the neighborhood since the `70s, and S. Feldman Housewares has served generations of residents. The 92nd Street YMCA is a great spot to check out performances and lectures, and there's a movie theater located on 86th street.