16 E 98TH Street #1A
About This Property
Exceptional winged two-bedroom apartment located in Central Carnegie Hill and situated a stone's throw from Central Park. Residence 1A is in immaculate condition with ample storage, beautiful herringbone hardwood floors, and soaring ceilings. A separate Chef's kitchen features custom shaker cabinetry, honed Carrara marble countertops and top-of-the-line appliances including a Viking cook top and oven, Miele dishwasher, GE microwave and Liebherr refrigerator and freezer. Both oversized bedrooms feature large windows and spacious closets adorned with decorative millwork. The windowed bathroom is outfitted with sophisticated Restoration Hardware fixtures and timeless marble tile. The living/dining room offers space for ample living room furniture as well as a comfortable dining area that can accommodate six comfortably. Complete the ambiance with built in surround sound that will seamlessly connect to AV receiver of your preference.
16 East 98th Street is an elegant pre-war cooperative located on a lush tree lined block off Central Park. This intimate elevator building boasts a wonderful staff including a porter and live-in super. The building also offers laundry, bike storage, and a beautiful, landscaped garden shared by all building residents.
Carnegie Hill is located on the Upper East Side of Manhattan and offers a variety of everyday amenities and endless transportation options, including the nearby 96th Street station providing quick access to the rest of the city via the 6 and Q trains. Enjoy a superior quality of life outside your front door with the entrance to Central Park at the end of your block and numerous world-class museums right around the corner, including the Solomon R. Guggenhiem Museum, the Museum of the City of New York, and the Metropolitan Museum of Art.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 4, 2025 | Listed by Douglas Elliman Real Estate | $825,000 | |
Listed by Douglas Elliman Real Estate | |||
May 7, 2013 | Sold | ||
Sold | |||
Sep 9, 2021 | Withdrawn | - | |
Withdrawn | |||
Jun 25, 2021 | No longer available | - | |
No longer available | |||
Jun 14, 2021 | Price Decreased |
$899,000
↓ $51K
(5.4%) | |
Price Decreased |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
11/15/2024
|
1 Bed
|
1 Bath
|
-
|
$695,000
1 Bed
1 Bath
|
$670,000
-3.60%
02/26/2025
|
-
|
Matthew Hughes
EXIT Realty East Coast Shirvanian
| |
05/01/2023
|
2 Bed
|
2 Bath
|
-
|
$959,999
2 Bed
2 Bath
|
$930,000
-3.12%
06/11/2024
|
-
|
Brendan Yu
Charles Rutenberg, LLC
| |
06/03/2022
|
Studio
|
1 Bath
|
-
|
$405,000
Studio
1 Bath
|
$410,000
+1.23%
08/31/2022
|
Justin Duffy
Sothebys International Realty
| ||
03/21/2022
|
2 Bed
|
1 Bath
|
-
|
$899,000
2 Bed
1 Bath
|
$1,075,000
+19.58%
07/12/2022
|
Karen L Kelley
Compass
| ||
08/04/2021
|
3 Bed
|
2 Bath
|
-
|
$1,725,000
3 Bed
2 Bath
|
$1,675,000
-2.90%
03/24/2022
|
Yuntong Luo
Brown Harris Stevens Residential Sales LLC
| ||
01/21/2021
|
1 Bed
|
1 Bath
|
-
|
$550,000
1 Bed
1 Bath
|
$550,000
05/13/2021
|
Stacey Bradie
Compass
| ||
11/12/2020
|
Studio
|
1 Bath
|
-
|
$850,000
Studio
1 Bath
|
$760,000
-10.59%
11/12/2021
|
Eliza Shaw
Douglas Elliman Real Estate
| ||
07/29/2019
|
3 Bed
|
3 Bath
|
-
|
$1,500,000
3 Bed
3 Bath
|
$1,450,000
-3.33%
10/23/2019
|
Thelonious Johnson
Brown Harris Stevens Residential Sales LLC
| ||
03/19/2019
|
1 Bed
|
1 Bath
|
-
|
$599,000
1 Bed
1 Bath
|
$545,000
-9.02%
11/01/2019
|
Melody Acevedo
Compass
| ||
12/27/2018
|
1 Bed
|
1 Bath
|
-
|
$620,000
1 Bed
1 Bath
|
$540,000
-12.90%
06/20/2019
|
Ogden Starr
Brown Harris Stevens Residential Sales LLC
| ||
12/06/2018
|
Studio
|
1 Bath
|
-
|
$650,000
Studio
1 Bath
|
$600,000
-7.69%
10/22/2019
|
Beth Benalloul
Corcoran Group
| ||
06/19/2018
| |
2 Bed
|
2 Bath
|
1250 ft²
|
-
2 Bed
2 Bath
1250 ft²
|
-
-
|
-
|
-
|
05/12/2016
|
Studio
|
1 Bath
|
600 ft²
|
$675,000
Studio
1 Bath
600 ft²
|
-
-
|
-
|
12 East 13th Sales Center
Cantor & Pecorella Inc
| |
04/21/2016
|
3 Bed
|
2 Bath
|
1575 ft²
|
$1,700,000
3 Bed
2 Bath
1575 ft²
|
$1,851,000
+8.88%
08/04/2016
|
Karen Kelley
Compass
| ||
04/06/2016
|
2 Bed
|
2 Bath
|
1000 ft²
|
$990,000
2 Bed
2 Bath
1000 ft²
|
$999,000
+0.91%
12/21/2016
|
Michele Dellinger
Douglas Elliman Real Estate
| ||
09/18/2015
|
2 Bed
|
1.5 Bath
|
1000 ft²
|
$940,000
2 Bed
1.5 Bath
1000 ft²
|
-
-
|
-
|
Douglas Perlson
Perlson Douglas J
| |
06/15/2015
|
Studio
|
1 Bath
|
450 ft²
|
$410,000
Studio
1 Bath
450 ft²
|
$380,000
-7.32%
03/23/2016
|
Cathy Geiger
The Corcoran Group
| ||
05/31/2015
|
2 Bed
|
2 Bath
|
-
|
$975,000
2 Bed
2 Bath
|
$1,170,000
+20.00%
08/31/2015
|
Lorraine K. Weiss
Douglas Elliman Real Estate
| ||
05/08/2015
|
2 Bed
|
1 Bath
|
900 ft²
|
$895,000
2 Bed
1 Bath
900 ft²
|
$895,000
08/04/2015
|
- Private -
|
Cynthia Bernat
Corcoran Group
| |
04/22/2015
|
2 Bed
|
1 Bath
|
-
|
$799,000
2 Bed
1 Bath
|
$800,000
+0.13%
08/21/2015
|
Jane R. Miness
The Corcoran Group
| ||
10/14/2014
|
1 Bed
|
1 Bath
|
-
|
$695,000
1 Bed
1 Bath
|
$560,000
-19.42%
04/02/2015
|
Mark Landisman
Compass
| ||
06/26/2014
|
1 Bed
|
1 Bath
|
-
|
$539,000
1 Bed
1 Bath
|
$545,000
+1.11%
02/19/2015
|
Gina Peluso
R New York
| ||
09/20/2013
|
1 Bed
|
1 Bath
|
650 ft²
|
$520,000
1 Bed
1 Bath
650 ft²
|
-
-
|
-
|
Viviane Judson
Charles Rutenberg, LLC
| |
05/13/2013
|
2 Bed
|
1 Bath
|
-
|
$760,000
2 Bed
1 Bath
|
$760,000
03/03/2014
|
Abigail Lash
Brown Harris Stevens Residential Sales LLC
| ||
04/04/2013
|
2 Bed
|
1 Bath
|
1000 ft²
|
$895,000
2 Bed
1 Bath
1000 ft²
|
$885,000
-1.12%
08/01/2013
|
Gina Peluso
Keller Williams NYC
| ||
09/20/2012
|
2 Bed
|
1.5 Bath
|
1000 ft²
|
$850,000
2 Bed
1.5 Bath
1000 ft²
|
-
04/01/2013
|
Lee Sender
Elliman
|
Building Info
- 53 Units
- 2 Units for Sale
