This large condominium was a former Mitchell-Lama building
Counter to the posh perception of the Upper East Side, the Ruppert Yorkville Towers has a working-class history. Originally, the 20-acre site (which occupies the two blocks from 90th to 92nd streets in between Second and Third avenues) belonged to an early 20th-century brewery called Knickerbocker. The brewery attracted blue-collar workers to the heavily Germanic neighborhood, at one point employing thousands, but as national competition peaked, the brewery’s land became more valuable than the business itself. Knickerbocker closed in 1965, and by 1970, its buildings were leveled. In an attempt to retain working-class residents, the towers were initially a publicly funded housing development and part of New York State’s Mitchell-Lama program. The two-block development was completed in 1975. As a Mitchell-Lama project, the building was subject to strict income limits, and rental units were priced well below market rate. However, in 2003, the complex opted out of the Mitchell-Lama program and partially converted into market-rate condos.
Sam Nier-McDermott, a salesperson with One Manhattan Real Estate, lived at Ruppert Yorkville Towers throughout the transition. “My mother moved there in 1977 and lived there for around 50 years,” he shares. “I was born there in 1987 and moved out in 2019. During the conversion, [residents] had a lawsuit with the city, and they came up with a subsidy agreement that allowed a lot of the original renters to remain there for a long time at the same rent.” As a result, roughly one-third of the complex’s 1,200-plus units remained as income-restricted rentals. Today, when those units become available, the complex’s original sponsor relists them as market-rate rentals. The other two-thirds of units, nearly 800, were converted to condos. “Everyone who was living there got an insider rate if they wanted to purchase their unit. There weren’t any restrictions on selling the units, so some people bought them [at a discount] and just flipped them for a good profit.”
Two canopied public spaces enhance the condominium’s grounds
While the identity of the Ruppert Yorkville Towers has shifted over the years, very little has changed about the physical complex. The Ruppert and Yorkville towers line 90th and 92nd Street, respectively. Between the two, 91st Street is pedestrian-only and closed to traffic. “There are only two physical structures, each with one lobby, but both towers are divided into two sections for address purposes,” Nier-McDermott explains. “There are a bunch of benches on the street, which isn’t necessarily the usual on a cross street, so it's a little bit more of a hangout spot.” At the corner of 90th Street and Second Avenue, Ruppert Park is a one-acre green space with a shaded playground. While both 91st Street and the park are open to the public(but not dogs), residents see them as two of the towers’ best amenities.
Each tower has low-key outdoor spaces and its own parking garage
As for private spaces, both buildings have three additional common areas. On the third floor, there’s a laundry room, which, according to Nier-McDermott, got new machines within the last few years. “Off the laundry rooms, each building has a terrace with a barbecue pit and some plantings,” he says. “Plus there are private children’s playgrounds attached to each building that can only be accessed through the lobby. They’re relatively small, but they have swings, little castles and fun things for kids.” Two separate parking garages are also available through each of the lobbies, and unlike many other condos, Nier-McDermott says that availability isn’t a concern for those who wish to lease a space and utilize the valet. There are numerous commercial spaces within the complex, as well, including a post office, several doctors and a New York Sports Club, which typically offers a discount to residents. The income produced by commercial units (as well as the ongoing rentals) has perks for the condo owners, too. “The fact that these units are paying for a large portion of building expenses keeps the common charges unusually low for owners. It’s been a good income producer,” Nier-McDermott says.
Investors and owners often modernize their unit’s floor plans
Customization is the recurring theme throughout Ruppert Yorkville Towers’ units. Original residents were allowed to apply their own style to the units, but full-on renovations became more common with the 2003 condo conversion. “A lot of people open up the kitchens and add an island, as they used to be pass-through galley kitchens,” Nier-McDermott says. “It's also fairly common to convert the one-bedroom units into two-bedrooms, especially among investor owners.” To do so, residents put a wall across the alcove dining nook to create a small second room. Even without renovations, the original layouts have some nice qualities, including great closet space and spacious floor plans. “And the windows are unusually large,” Nier-McDermott adds. “I mean, they’re like person-sized windows, so you get very good light through those.”
Studios typically range from $535,000 to $649,000, while one-bedroom units are priced between $765,000 and $960,000. In recent years, two-bedroom condos have sold for anywhere from $825,000 to $1.49 million. Larger residences, sometimes the result of unit combinations, are usually between $1.4 million and $2.6 million in price. “From an investor perspective, these condos are really popular,” Nier-McDermott says. “Management makes it very easy to get [renters] through. The application fees come out to around 650 bucks, which is low for condos this size.”
A growing number of businesses have sprouted in the neighborhood
Yorkville has a reputation for being a bit slower-paced, but Nier-McDermott has seen a shift, especially post-pandemic. “I've been here for a long time, so I've seen the neighborhood change a lot,” Nier-McDermott says. “This area is benefitting from work-from-home and people not being so firm on having to be downtown. That’s brought more cool places, more vibes and more nightlife. Streets are more crowded on a Friday night than they had traditionally been.” Nearby favorites include Korali Estiatorio for upscale Greek food, Bangrak for Thai and Bread N Wine for American fare. Key Food Supermarket is right outside the complex, and Whole Foods Market and Fairway Market are also within walking distance. “Park-wise, this is a good location because you're several blocks from Central Park, Carl Schurz Park and the [East] River Esplanade,” Nier-McDermott says. Right outside Central Park, locals can visit the Cooper Hewitt, Smithsonian Design Museum on 91st Street or the Guggenheim Museum on 88th Street.
Subway accessibility has improved residents’ quality of life
Transportation in the neighborhood improved when the Q line was extended in 2017. Now, residents can catch the train along Second Avenue from the 86th Street or 96th Street stations. The 4, 5 and 6 trains are also available along Lexington Avenue. A Citi Bike dock is stationed at the end of 91st Street’s pedestrian-only corridor, and five buses operate close by.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
2/ 10
Very Bikeable
Bike Score®
76/ 100
Walker's Paradise
Walk Score®
100/ 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
Ruppert Park
1 min walk
Picnic Area
Trails
Playground
Samuel Seabury Playground
7 min walk
Basketball
Playground
Events
East Meadow
7 min walk
Multi-Purpose Field
DeKovats Playground
8 min walk
Picnic Area
Trails
Playground
Marx Brothers Playground
8 min walk
Soccer
Playground
Cherry Tree Playground
9 min walk
Basketball
Trails
Playground
Stanley Isaacs Playground
10 min walk
Basketball
Bike Trails
Fishing
Stanley Isaacs Playground
10 min walk
Basketball
Playground
Park Avenue Malls
11 min walk
Picnic Area
Schools
Source:
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