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401 E 89th St #18/19E, New York, NY, 10128

4beds
3baths
--sqft
$2,995,000
--price/sqft
$17,853/moest. monthly cost
$714,120/yrincome needed

About This Home

Rarely available, this terraced penthouse four-bedroom, three-bathroom duplex "in the sky" must be seen to be believed. Situated on the southeast corner of the building, and boasting open city and river views, the home is sun-flooded all day long. The flow and layout are exceptional, providing for gracious everyday living or entertaining on a grand scale. The main living space is anchored by a wonderful great room that flows seamlessly to a charming south-facing terrace - an idyllic setting for morning coffee, sunset cocktails, or simply taking in the city skyline. The windowed kitchen is perfectly positioned for entertaining, while a spacious bedroom on the main floor easily doubles as a den, home office, or au pair's living space, complemented by its own full bathroom. A cozy reading nook is tucked behind the staircase, creating the perfect spot to unwind with your favorite book. The upstairs wing is dedicated to the private living quarters. The corner primary suite enjoys spectacular light and river views, generous California Closets, and a luxurious five-piece en-suite bathroom. Two additional oversized bedrooms share a convenient full bathroom, providing comfortable privacy for family or guests alike. The upper floor also offers easy access for bringing in suitcases when you're coming home from vacation, through its own door to the building's hallway. Refined finishes throughout include richly stained red oak floors, a striking built-in bookcase wall unit, central forced-air heat and air conditioning, an in-unit washer-dryer, and exceptional storage. Built in 1963, The Gracie Towne House is a well-run full-service post-war cond-op building that provides flexibility of ownership, unlimited subletting, no ground lease, and NO BOARD APPROVAL for owners. Owners also have the ability to convert their cooperative shares into condominium ownership: a highly coveted rarity in Manhattan. Building features include a 24-hour door staff, live-in superintendent, fitness center, private and bike storage, laundry room on the floor, on-site parking garage, and a package room with refrigerator storage. And yes, pets are permitted. Perfectly located moments from Carl Schurz Park, Asphalt Green, and the East River Esplanade, the building offers the very best of Upper East Side living with convenient access to the Second Avenue Q train at 86th Street, the NYC Ferry's East 90th St. stop, a grocery store and kosher market directly across the street, as well as coffee shops, neighborhood dining, shopping and recreation. Combining breathtaking views, the finest indoor-outdoor living, remarkable flexibility, and outstanding value, this penthouse opportunity is a rarity that only comes around once.

Getting Around

98
WalkingWalker's Paradise
100
TransitRider's Paradise
80
BikeVery Bikeable

Schools

8/10
8/10
Jhs 167 Robert F WagnerGrades 6-80.8 mi

Construction

Condition

  • Year built: 1963

Type & Style

  • Home type: Condo
  • Property subType: Condop

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Hardwood

Property

Details

  • Special condition: Resale

Features

  • Patio & porch: Other
  • Exterior features: Balcony
  • Has view: Yes
  • View description: City,Skyline

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $15,144$181,728
Home Insurance *$691$8,292
Property Taxes $1,772$21,264
Electricity $246$2,954
Total$17,853$214,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$612,102/yr
40% on housing$535,590/yr
45% on housing$476,080/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 10128$1,736
New York County$1,488

vs Homes Sold Last Month

Median $/sqft

ZIP 10128$1,868
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-07Listed for sale$2,995,000

For Sale by Agent

AgentJohn Gasdaska
BrokerageDouglas Elliman

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