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Explore Carnegie Hill Neighborhood in New York City

Real Estate New Developments

General Information

Carnegie Hill is an affluent and historic neighborhood located on the Upper East Side of Manhattan. Known for its elegant brownstones, tree-lined streets, and proximity to Central Park, Carnegie Hill exudes old-world charm and sophistication. The area is named after industrialist Andrew Carnegie, who contributed to its development in the early 20th century. Carnegie Hill is characterized by its peaceful, residential vibe, with a wealth of cultural institutions, including the Museum Mile, which is home to world-renowned museums like the Metropolitan Museum of Art. It is also known for its excellent schools, making it an ideal location for families and professionals seeking a serene yet central place to live.

Real Estate Information

Carnegie Hill's real estate market is marked by its luxurious offerings, including pre-war buildings, grand townhouses, and modern condominium developments. The neighborhood is one of the most desirable in Manhattan, with property values consistently among the highest in the city. The stately brownstones and classic architecture contribute to Carnegie Hill's appeal, providing both historical charm and upscale living. While the neighborhood is known for its high-end residences, it also offers some more affordable options, particularly in smaller buildings or through rental properties. The combination of prime location, serene environment, and proximity to cultural and educational institutions ensures that real estate in Carnegie Hill remains highly sought after.

Historical/Interesting Facts

Carnegie Hill has a rich history that dates back to the late 19th century when it was initially developed as a residential area for New York’s elite. Andrew Carnegie, the steel magnate, played a significant role in the area’s growth by purchasing and developing several properties, contributing to the neighborhood's transformation into one of the city's most prestigious addresses. By the early 20th century, the area was home to wealthy families, and many of its buildings were constructed in the Beaux-Arts and Neo-Renaissance styles. The neighborhood became an epicenter of high society, with a focus on culture and education, which continues today through the presence of major cultural institutions and world-class schools. Carnegie Hill's legacy is one of refinement and exclusivity, a status it continues to maintain in the modern era.

Properties Statistics

Total Properties

79

Median Asking

$3,627,308.86

Sale Price/ft²

$1,704.92

Average Home Size

1017 ft²

Average Home Age

72 years

Based on results from 79 properties

Buildings in this Sector

FAQ about Carnegie Hill