16 East 98th Street #8D, New York City, NY 10029
Listing Courtesy of Compass
$550,000
Potential Rebate: $8,250
Overview
ALL OPEN HOUSES BY APPOINTMENT ONLY
Off Fifth Avenue, this tranquil one bedroom retreat with approximately 675SF of living space is move-in ready. The layout is straightforward with well proportioned rooms and no wasted space.
-Primary bedroom is generous in size with double windows, two closets and a designated work area.
-Living room is cozy and comfortable for quiet relaxation and can easily accommodate casual and formal entertaining.
-Kitchen and bathroom are newly appointed and functional in design. Bath was remodeled with a stall shower and kitchen has stainless steel appliances, plenty of counter space and custom cabinetry including a utility closet.
-Additional highlights include entry foyer, two large hall closets, high beamed ceilings, crown moldings, and original hardwood floors throughout.
Built in 1925, this boutique smoke-free, pet-friendly cooperative with live-in superintendent is exceptionally well run and maintained. Amenities include a planted garden, laundry room, bicycle storage and private storage. Co-purchasing, pied-a-terres, and subletting are all permitted with board approval. The building allows up to 80% financing and has a 2% flip tax.
Next to Central Park, 16 East 98th Street is surrounded by great dining, shopping, New York’s finest museums, and remains accessible to all public transportation.
Great new price. Low monthly. A real jem. Call for an appt!
Home Features
- •Building Washer Dryer Install Allowed
- •Common On Floor
- •Common Area
- •Crown Molding
- •High Ceilings
- •Stainless Steel Appliance(s)
- •Hardwood
- •Double Pane Windows
Estimated Monthly Payment
$4,253 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$8,250
Monthly savings impact
$23/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 Compass
Data Source: TRESTLE #RLS20021200
Price Analysis
Compare average listing prices and value metrics for 16 East 98th Street against the surrounding Upper East Side market.
Average List Price
Price Per SqFt
41.58% Lower
than the Upper East Side 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.
Upper East Side
Overview of Upper East Side
The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety.
Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.
Real Estate & Housing Market
The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms.
It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).
Lifestyle & Community
The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable.
The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.
Transportation & Accessibility
The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown.
The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.
Parks, Schools & Amenities
Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade.
Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.
Who This Neighborhood Is Best For
The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.
