12 East 97TH Street #5L, New York City, NY 10029
Listing Courtesy of Coldwell Banker Warburg
$420,000
Potential Rebate: $6,300
Overview
<p>Your own private haven minutes from Central Park is waiting! This pin drop quiet home will make the perfect permanent residence or pied-a-terre... </p> <p>When you enter 5L, a proper foyer greets you in. You hang your coat in the closet and relaxation starts now. You make your way to the eat-in kitchen where you drop off the best avocado toast in town or maybe a delicious pastry for later. Daily Provisions, Da Capo and Le Pain Quotidien are just around the corner. </p> <p>This move-in ready oversize alcove studio has a very desirable layout that can be anything you want. The spacious alcove dining area has been seamlessly converted to a bedroom many times in that line. And behind gracious Shogi doors is an enormous walk in closet that is the ultimate bonus room. It could be an inspiring home office, a zen meditation sanctuary or a serene yoga room. The unit faces South and has wonderful pre-war details (hardwood floors throughout, beamed ceilings, giant windows), as well as many modern features: a kitchen with granite countertops and stainless appliances; through the wall A/C; custom window treatments; a windowed bath with a fabulous deep soaking tub. The very desirable current open concept is perfect for entertaining. </p> <p>Life is good at 12 E 97th. The neighborhood offers the finest dining, museums and shopping, as well as endless public transportation options near by to get you anywhere you need to be. Pets are welcome, and yours will be the luckiest one of all with Central Park as your backyard and a pet spa next door! This impeccably maintained co-op provides many amenities for your convenience: a spacious state of the art laundry room, free bike storage and designated storage for each shareholder at no charge; a shared library. With Board approval, pied-a-terres are allowed. The installation of a washer/dryer in the unit will also be considered. 75% financing is permitted and there is no flip tax. There is a current assessment of $124.16 until 12/26. </p> <p>Schedule your private showing today, and make 2026 the year to remember.</p>
Estimated Monthly Payment
$3,396 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$6,300
Monthly savings impact
$18/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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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. ©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 Coldwell Banker Warburg
Data Source: TRESTLE #RLS20059794
Price Analysis
Compare average listing prices and value metrics for 12 East 97Th Saint Owners against the surrounding Carnegie Hill market.
Average List Price
Price Per SqFt
27.65% 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.
