Articles on Carnegie Hill Apartments

High End and Mid Priced Condos Doing Exceptional So Far in 2012

The early winter m15 Central Park West in Manhattanonths always come with a string of market analysis meant to gauge how Manhattan real estate trends will play out over the next year. We wrote earlier about overall trends experts predict will dominate headlines in 2012. Now the Real Deal has compiled the market trends that have been playing out since January, with commentary from industry players on how we can expect those trends to advance. Over the past month, ultra-luxury Manhattan condos have been doing as well as they did in 2011, while mid-priced condos in the $3 to $5 million range have shown marked improvement. Condos priced lower than that have been sluggish, suggesting that most people who want to buy prefer the extensive room and building amenities high-end apartments provide.

The Paris of Manhattan Keeps Growing

Carnegie Hill MansionA small enclave in the northern reaches of the Upper East Side, Carnegie Hill is in many ways unlike any other neighborhood in New York City. Next to Central Park, quiet streets full of limestone rowhouses and pre-war co-ops are home to some of Manhattan’s most powerful residents, all of whom desire to claim this historic section of the Upper East Side as theirs. Yet Carnegie Hill wasn’t always like this; until Andrew Carnegie built his now-landmarked mansion on Fifth Avenue and 91st Street in 1901, much of the area was farmland. In turn, wealthy New Yorkers built their estates in the surrounding blocks, in doing so creating one of Manhattan’s most architecturally-significant neighborhoods. With the arrival of the subway a decade later, Carnegie Hill’s expansion continued at an even more rapid pace.