Stately Carnegie Hill co-op with prewar charm and large layouts
There’s perhaps no more a quintessential staid luxury Carnegie Hill address than 47 E. 88th St. Sometimes called The Kenedale, the 16-story co-op rises with a monumental, even stately, profile along Madison Avenue in the prestigious Carnegie Hill pocket of the Upper East Side. The brown-brick structure was erected in 1930 with a three-story limestone base, rope-like carved stone corner accents and an arched side street entrance with twisted columns. Intersected by a grand step-up and canopied lobby, 47 E. 88th St.’s mirrored wings only contain two units per floor. As seasoned Compass agent Leslie Frishberg Wolfowitz notes, these residences tend to be larger than the area standard. They are still imbued with the well-preserved, quality construction detailing indicative of the prewar era. “There’s the expected elaborate crown molding but also good spatial flow, hardwood floors and beamed, ‘alcoved’ ceilings,” she notes. “There are even wood-burning fireplaces, which is a rarity in Manhattan.”
Because of the co-op’s top floor setbacks and those of the adjoining buildings on this tree-lined side street, there’s plenty of air and natural light filtering through, and not in the least because Central Park is a block away. The sprawling green space’s verdant old-growth trees are visible through partial views in some residences, as is the curved roof of the architecturally distinctive Guggenheim Museum. “The surrounding area’s healthy mix of luxury and practicality is another draw,” Frishberg Wolfowitz adds. The full, white-glove service building has an especially attentive staff — full-time door attendants and a live-in super — well-equipped gym and storage units assigned to each of the 59 residences that are also larger than average.
Classic six- and seven-style units with tons of potential for alterations and updates
“Because of 47 E. 88th St.’s scale and unique shape, oversized homes have generously portioned rooms and flexibility for new residents to do updates or their own buildouts,” Frishberg Wolfowitz says. Like any older building, the state of renovation varies greatly across the offering. On the market with her in winter 2025 for $3.9 million, top floor unit 15 is a classic seven three-bedroom with over 2,400 square feet of space and four exposures taking in ample amounts of natural light. The residence features an eat-in kitchen and a separate service entrance. “There’s tons of closet space throughout the building,” she mentions. While classic six two-bedrooms have sold for $1.8 million most recently, combined four-bedrooms can fetch upwards of $6 million. Sold for $10 million in 2019, unit 10A is a palatial, full-floor residence with six bedrooms, 5,000 square feet of space and a wood-paneled library. Penthouse 16W last sold in 2016 for $6.5 million and features wraparound terraces as do a handful of top-floor residences. The financially sound co-op is pet friendly. While there’s a large laundry room in the basement, the board also allows for in-unit washer/dryers on a case-by-case basis.
Museum Mile, upscale boutiques, big box stores and reliable transit links
The co-op is ideally situated along a stretch of Madison Avenue defined by luxury fashion boutiques and blue-chip art galleries. Located within 47 E. 88th St.’s retail podium is gourmet grocer Madison Fare. There’s a Morton Williams just down the block which faces the Park Avenue Synagogue. Catholic church St. Thomas More is right next to the building. Nearby establishments include swanky yet rustic gluten-free bakery Noglu and upscale market Eli’s. Other notable area restaurants with top rankings include long-established American eatery Island, French bistro Table d'Hôte and Italian mainstay Paola’s Osteria. “While all of that is found on Madison Avenue, there’s a good number of casual eateries on Lexington Avenue, which is also home to big box stores and essential service businesses,” Frishberg Wolfowitz says. “Residents get the best of both worlds.”
The main draw here, of course, is the many world-renowned museums on adjacent Fifth Avenue. They include the previously mentioned Guggenheim; design and decorative arts-focused Cooper Hewitt; the Neue Galerie; Frick Collection and of course, the massive Metropolitan which cuts into Central Park’s 843 acres of activity-rich green space. Closest to 47 E. 88th St. is its jogging path-encircled Jackie Kennedy Onassis Reservoir, picnic lawns, playgrounds and sports fields. The 4, 5 and 6 subway lines serve the 86th Street station on Lexington Avenue. The M86 crosstown bus stops along this thoroughfare as well. For residents who are able to find parking spots in nearby garages, a task that’s getting harder and harder, access out of the city is easy thanks to FDR Drive onramps at East 96th and 79th streets.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
2/ 10
Very Bikeable
Bike Score®
78/ 100
Walker's Paradise
Walk Score®
99/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Ancient Playground
5 min walk
Park Avenue Malls
9 min walk
Picnic Area
Ruppert Park
9 min walk
Picnic Area
Trails
Playground
Samuel Seabury Playground
10 min walk
Basketball
Playground
Events
Central Park
10 min walk
Great Lawn
12 min walk
Picnic Area
Trails
Events
East Meadow
13 min walk
Multi-Purpose Field
Marx Brothers Playground
15 min walk
Soccer
Playground
Abraham and Joseph Spector Playground
15 min walk
Playground
Schools
Source:
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