Upper East Side
The Upper East Side is a neighborhood of Manhattan in New York City. Sometimes called the UES, it lies in a square-shaped area between Central Park and Fifth Avenue, as well as 59th Street, 96th Street and the East River. The Upper East Side also contains some smaller neighborhoods with their own names, such as Lenox Hill, Yorkville and Carnegie Hill. The area covers about 1.76 square miles and had a population of 207,543 as of the 2000 census. Those looking for Upper East Side apartments for sale will find a median price of $712,745 and many buildings built either before 1940, or between that year and 1969.
Upper East Side History
In the 1800s the Upper East Side consisted of farmland and a garden district with the Boston Post Road going through it. In 1837, the New York and Harlem Railroad came through and brought some commercial development to the area in the form of one station located at 86th street, which eventually became the center of Yorkville. The area was marked by the bluff that looked over the East River. At the time, much of it consisted of a large amount of wetland from Turtle Bay and farmland. By the mid-1800s, much of the farmland was subdivided, except for 150 acres of Jones’s Wood. This area encompasses what is now 66th Street over to 76th Street and from Third Avenue to the river. It was divided into lots by the later 1800s and the Lenox Library was built on Fifth Avenue. By the early 1900s, fashionable and famous residents began moving into the area and constructing large townhouses and mansions on the large lots on Fifth Avenue. Andrew Carnegie was one of the famous residents that helped define the Gilded Age of Fifth Avenue. However, the private mansions were slowly replaced with apartment buildings starting in in 1916. Some of the famous residents of the Upper East Side in history include the Rockefellers, Kennedys, Roosevelts, Dukes and Whitneys.
The boundaries of New York neighborhoods are not official, so one should keep that in mind when looking at real estate for sale in Manhattan. For example, one guide in the “Encyclopedia of New York City” puts the boundaries of the Upper East Side at 96th Street in the north, but another guide in the “AIA Guide to New York City” puts the northern boundary up at 106th Street. Real estate agents may call the areas north of 96th Street up to Fifth Avenue the Upper East Side, but others may refer to it as East Harlem. Upper East Side Apartments for Sale in Manhattan NYC are seen as more prestigious than neighboring areas.
The Upper East Side Historic District encompasses the area along Fifth Avenue from 59th Street to 78th Street and includes parts of 3rd Avenue as well. It was once a rundown district, but some years after the Civil War it transformed into a vibrant middle-class neighborhood. By the beginning of the 20th century, it began to fill with mansions and upscale townhouses. Currently, many of the single-family residences have been replaced by upscale apartments.
Upper East Side Neighborhood Profile
The Upper East Side is known for being safe, green and having a history of famous residents. These are only a few of the selling points agents use for Upper East Side real estate for sale in Manhattan. Another one is the plenty of options for transportation. There are eight train stations in the neighborhood and seven trains. These are as follows:
– trains 4, 5, and 6 to 59th Street and Lexington Avenue
– trains R and W to 59th Street and Lexington Avenue
– trains N, R and W to Fifth Avenue and 59th Street
– train F to 63rd Street and Lexington Avenue
– train 6 to 68th Street
– train 6 to 77th Street
– trains 4, 5 and 6 to 86th Street
– train 6 to 96th Street
Those considering Upper East Side apartments for sale in Manhattan NYC can rest assured that there are plenty of commuting options available. Most commuters in the area ride the train to work, at a 60 percent clip. The Upper East Side is also considered a walkable neighborhood and is in the top five percent of walkable neighborhoods in America. About 16 percent of residents walk to work. Less than 10 percent of residents drive a private vehicle to work. Those looking for Upper East Side apartments for sale will be interested to know that the neighborhood contains several world-famous museums. Along Fifth Avenue is a line of museums that is sometimes called Museum Mile. It includes the The Metropolitan Museum of Art, the Solomon R. Guggenheim Museum, the Jewish Museum, the Museum of the City of New York and more. There are also several art galleries in the area, including Salon 94 and the Kraushaar Galleries. Adding to the diversity are several diplomatic missions in some of the historic mansions in the area. Some of these include the Consulate General of Austria in New York, the Consulate-General of Greece in New York and the Consulate-General of India in New York among others.
When looking for real estate for sale in Manhattan, buyers are often interested in the general amenities in a neighborhood. The Upper East Side has seven post office locations in the neighborhood, including one at Lenox Hill Station, Yorkville Station and Cherokee Station. There are also public schools nearby Upper East Side apartments for sale in Manhattan NYC. There are three public high schools and seven lower or middle schools. There are also a large amount of private schools, including co-ed, girls schools and boys schools. Higher education is also prevalent near Upper East Side apartments for sale. Some examples include the Icahn School of Medicine at Mount Sinai, the New York University Institute of Fine Arts and the New York University Institute for the Study of the Ancient World. Three branches of the New York Public Library are located within the Upper East Side area, including the 67th Street Branch Library, Yorkville Branch Library and the 96th Street Branch Library.
A number of TV shows and films have been set in the Upper East Side. Some of the more famous ones include “Breakfast at Tiffany’s,” “Sex and the City” and “The Odd Couple.” Some famous residents who live in the area, either recently or currently, include Woody Allen, Mariah Carey, Spike Lee, Lady Gaga and others.
Finding Real Estate For Sale In Manhattan Upper East Side
Buyers looking for Upper East Side apartments for sale can expect about 39 percent of the available units to run between $523,001 and $785,000. About 24 percent of the Upper East Side apartments for sale in Manhattan NYC are over $1,047,000, while 15 percent go for between $785,001 and $1,047,000. Another 10 percent range between $419,001 and $523,000. Most Upper East Side real estate for sale in Manhattan are in buildings constructed between 1940 and 1969, at about 42 percent. Another 35 percent were built before 1939. About 21 percent of Upper East Side apartments for sale were built between 1970 and 1999. About 96 percent of the homes in the Upper East Side are apartment complexes. Buyers can expect to find 87 percent of Upper East Side apartments for sale ranging in size from studios to two bedroom units. A mere 11 percent are three or four bedroom units.
The area does boast real estate that is more for the money. It has a good variety of housing within its historic buildings. Because of its reputation as a neighborhood for the older set, it tends to have more inventory than the areas that are popular with young people. Indeed, nearly 30 percent of residents fall between the ages of 30 and 44. The next largest percentage is the age group between 45 and 64, followed by 18 percent being over 65. Only 16 percent of residents fall within the 18-29 age group. This makes it appealing to families, working professionals and younger people looking for a better deal than some of the more trendy areas.
The Upper East Side is a charming, historic and upscale area of Manhattan, but like many New York neighborhoods, is known for its complex real estate market. Those looking for Upper East Side apartments for sale in Manhattan NYC would be wise to find an agent that knows both the Manhattan market and the specific Upper East Side market.
But whether you’re looking for Apartments for Rent in Upper East Side or real estate for sale, you’ll fall in love with our options.