1342 Lexington Avenue, New York City, NY 10128
Listing Courtesy of Nest Seekers LLC
$6,950,000
Potential Rebate: $104,250
Overview
1342 Lexington Avenue is an extraordinary townhouse in the heart of Carnegie Hill on Manhattan’s prestigious Upper East Side. This historic 4-bedroom, 4.5-bathroom residence, spanning 3,072 square feet offers a once-in-a-lifetime opportunity to live in a piece of New York City’s cultural legacy. Designed in 1899 by renowned architect Henry J. Hardenbergh—celebrated for masterpieces like the Plaza Hotel and the Dakota—this home is one of the distinguished Rhinelander Houses. Its most iconic chapter unfolded from 1959 to 1974, when it served as both residence and studio to pop art legend Andy Warhol. Here, Warhol crafted groundbreaking works like the Campbell’s Soup Cans and Dollar Bill series, making this address a cornerstone of art history. Step inside to discover a meticulously updated interior that honors its heritage while embracing contemporary comforts. The bright windowed breakfast kitchen boasts top-tier appliances and custom cabinetry, perfect for culinary enthusiasts. A large den/office overlooks a lovely patio/garden in the rear. The parlour floor features a gracious gallery that flows effortlessly to a voluminous east-facing living room and a west-facing library, which alternatively can be utilized as a formal dining room. With four spacious bedrooms and 4.5 beautifully appointed bathrooms, the home offers ample space for relaxation and entertaining. Zoned heating and cooling systems ensure year-round comfort, while original architectural details—like five fireplaces, high ceilings and hardwood floors—add timeless charm. Nestled just steps from Central Park and the Metropolitan Museum of Art, this townhouse places you in the cultural epicenter of the city, surrounded by Museum Mile’s treasures and Carnegie Hill’s tree-lined streets. Whether you’re drawn to its artistic pedigree, architectural significance, or prime location, 1342 Lexington Avenue is a residence of unparalleled distinction.
Home Features
- •Common Area
- •Garden
- •Private Outdoor Space Under 60 Sqft
Estimated Monthly Payment
$37,458 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$104,250
Monthly savings impact
$290/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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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 Nest Seekers LLC
Data Source: TRESTLE #RLS20012460
Price Analysis
Compare average listing prices and value metrics for 1342 Lexington Avenue against the surrounding Carnegie Hill market.
Average List Price
Price Per SqFt
105.00% Higher
than the Carnegie Hill price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Carnegie Hill.
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.
