Carnegie Hill Office Space

12 E 96th St Floor 7
Upper East Side, New York City, NY
The trophy asset, located on the south side of East 96th Street between Fifth and Madison Avenues, offers an exceptional blank canvas for a user or developer to execute a wide variety of potential visions, from boutique condominiums, a mixed-use commercial / residential project, continued use as an educational facility, or a truly historic and one-of-a-kind single family residence. I am Co-Brokering with Cushman & Wakefield who has been retained on an exclusive basis to arrange for the sale of 12 East 96th Street, a 25’ wide townhouse nestled in the heart of Carnegie Hill on the Upper East Side. The elevator serviced townhouse stands seven stories tall and additionally contains a basement and sub-basement below grade. While the townhouse consists of approximately 13,990 gross square feet above grade, the inclusion of the below grade space brings the total size of the asset to approximately 18,375 gross square feet. The nearly one hundred year old property was designed and constructed by well-known architect Ogden Codman, Jr. as a private residence but was later converted for use as a school. The townhouse contains stunning original details, including intricate moldings, multiple fireplaces, a grand staircase, a wood-paneled ballroom, and a wrought-iron balcony. In addition to high ceilings and light-filled rooms, the property also features two terraces, one in the rear of the ground floor and one on the sixth floor. The property lies within the Carnegie Hill Historic District, and therefore any work to the exterior and usage of the additional air rights must be presented to, and approved by, the Landmarks Preservation Commission. Presently, the building is owned and occupied by the prestigious La Scuola d’Italia Guglielmo Marconi, the only Italian bilingual and bicultural school in North America. Due to its approvals for, and current use as, a school, the property allows for immediate occupancy by an educational institution upon the completion of La Scuola’s 2015-2016 academic year in June 2016. Alternatively, the property presents an extraordinary opportunity for conversion to either a single family townhouse, luxury residential condominiums, or a unique mixed-use project. 12 East 96th Street is also located just half-a-block from Central Park and the famed Museum Mile on the Upper East Side, the most established and prestigious residential neighborhood in all of New York City. The Upper East Side is globally recognized for its classic architecture, world-class boutiques and restaurants, respected educational institutions, and deep-rooted commitment to culture. Furthermore, the property is located mere blocks from both public transportation and many of New York City’s most exciting cultural amenities, providing a truly unique opportunity for either continued educational facility use or conversion to luxury, one-of-a-kind residential use.

Carnegie Hill

Office Space Market Report

Number of Listings (last 90 days)
0
As of: December 7, 2016

Carnegie Hill Rates

Carnegie Hill Listing Supply

In the last 90 days, 0 listings have come on the market, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About NaN% of the listings in the Carnegie Hill are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around  sqft. Most properties in this area are close to 5 floors. Most buildings in this region were built in 1924 and are Class A.

Carnegie Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Most of the folk of Carnegie Hill work from home. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Carnegie Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Carnegie Hill.
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