Affordable Luxury Hits the Upper East Side Market at 389 East 89th Street

Posted On Wed, May 4, 2016 By

Posted On Wed, May 4, 2016 By In Architecture, condos, Cool Listings, New Developments, Upper East Side

At First Avenue and 89th Street on the Upper East Side, 31 floors of spacious, light-filled homes have been reintroduced to the market. In a building previously known as the Post Toscana, 199 rental apartments have been upgraded and enlarged into 156  one- to three-bedroom residences fashioned by acclaimed interior designer Paris Forino. Now dubbed 389 E 89, the tower is the latest in a flurry of top-shelf rental buildings re-branded as affordable condos with high-end finishes.

Magnum Real Estate Group, Paris Fornino

389 E 89 Photo 2 - Kitchen Photo by Evan Joseph

389 E 89 Interiors (6)

Magnum Real Estate Group, Paris Fornino

389 E 89 ‘s one-bedroom homes begin under $1 million, and available two-bedrooms start at $1.59 million– prices unheard of for new construction condos in Manhattan. The building’s original architect Ismael Leyva (designer of the residences of the Time Warner Center and the Park Imperial) configured several loft-style apartments with 11-foot ceilings at the building’s base–a rarity on the Upper East Side. Above the five-floor podium rests a sheer, glass cornered tower, culminating in a trellis-like cornice.

389 E 89 Interiors (4)

Magnum Real Estate Group, Paris Fornino

Magnum Real Estate Group, Paris Fornino

Updated building amenities include a 24/7 concierge and doorman, fitness center, lounge with adjacent private outdoor event space, children’s playroom, bike room, and private storage. Three-hundred and twelve feet above Manhattan, residents can “chillax” on a landscaped rooftop terrace with a 360-degree sweep of the Manhattan skyline and  surrounding area. The East River and Robert F. Kennedy Bridge fill views to the east, while Central Park and the cityscape captivate western onlookers.

389 E 89

magnum Real Estate, 389 E 89, Upper East Side rentals
Construction of Citizen 360 well underway across East 89th Street.

389 E 89 was originally finished in 2003 and developed through a joint-venture between Veronika Hacket’s Clarrett Group and Atlanta-based Post Properties. Magnum Real Estate Group, which is headed by Ben Shaoul, picked up the building along with sister Gramercy building Post Luminaria for $270 million in 2014. Like 389 E 89, Post Luminaria has been rebranded into affordable high-end condominiums, boasting a new name, The Luminaire. Current availabilities there show one-bedrooms begin at $1.1 million and two-beds starting from $1.975 million.

The building is within short walking distance to Central Park and Carl Schurz Park and is surrounded by acclaimed local restaurants, cultural institutions, and notable primary schools. Several ground-up residential towers are taking root in the area, including the SHoP-designed Citizen 360 condominium across 89th Street and DDG’s 180 East 88th Street nearby.

389 E 89, Magnum

To view listings for 389 E 89, visit CityRealty.

RELATED:

Interior Photography © Evan Joseph

Tags : , , , , ,

Neighborhoods : Upper East Side,Yorkville

MOST RECENT ARTICLES

  • Weekly highlights: Top picks from the 6sqft staff

    Weekly highlights: Top picks from the 6sqft staff

    Swale floating park returns this spring with a new look Kushner Cos. vision for 666 Fifth Avenue has Zaha Hadid ...
  • Stackable furniture line from Debra Folz Design makes storage stylish

    Stackable furniture line from Debra Folz Design makes storage stylish

    There are all types of stackable furniture out there, and while many of them function perfectly well, they’re not always ...
  • This $4M Riverdale mansion, known as the Esmeralda, was built in 1899 and still impresses today

    This $4M Riverdale mansion, known as the Esmeralda, was built in 1899 and still impresses today

    The historic mansions of Riverdale never fail to impress, and this gem is no exception. Built in 1899 and known ...
  • Renzo Piano’s 565 Broome Street on the rise; the world of Hamilton at Green-Wood Cemetery

    Renzo Piano’s 565 Broome Street on the rise; the world of Hamilton at Green-Wood Cemetery

    After launching sales in September, Renzo Piano’s two-towered 565 Broome Street is finally on the rise. [CityRealty] The quest to ...
  • FREE RENT: This week’s roundup of NYC’s rental concessions

    FREE RENT: This week’s roundup of NYC’s rental concessions

    Upper West Side Beaux Arts Beauty ‘The Willard’ Offering Two Months Free, 1-Bedrooms From $2,996/Month [link] Live at LIC’s Hayden: ...
  • 432 Park would have generated $30M for affordable housing with de Blasio’s mansion tax

    432 Park would have generated $30M for affordable housing with de Blasio’s mansion tax

    Outside of 432 Park Avenue, Mayor de Blasio held a press conference on Thursday to discuss his mansion tax. The ...
  • City reveals garment district rezoning plans, citing incentives to move makers to Sunset Park

    City reveals garment district rezoning plans, citing incentives to move makers to Sunset Park

    At a Manhattan community board meeting Wednesday evening, city officials told garment industry representatives of plans to remove Midtown‘s manufacturing ...
  • The Urban Lens: Behind the counter and into the caves at Murray’s Cheese

    The Urban Lens: Behind the counter and into the caves at Murray’s Cheese

    6sqft’s ongoing series The Urban Lens invites photographers to share work exploring a theme or a place within New York City. ...
  • New renderings revealed for NYCHA’s raised earth Red Hook Houses by KPF

    New renderings revealed for NYCHA’s raised earth Red Hook Houses by KPF

    When Superstorm Sandy hit the community of Red Hook, thousands of residents were left without power and basic necessities for ...
  • Judge once again stops work at Pier 55 over environmental concerns

    Judge once again stops work at Pier 55 over environmental concerns

    If you thought the roller coaster that is Pier 55 was over since construction began in November, you may not want ...
  • Amtrak will provide additional weekend service between Boston and New York

    Amtrak will provide additional weekend service between Boston and New York

    Amtrak will soon offer more weekend service options between Boston and New York, the railroad company announced Thursday. Those who ...
  • Apply for 25 units at new affordable/supportive housing project in Brownsville, from $876/month

    Apply for 25 units at new affordable/supportive housing project in Brownsville, from $876/month

    The Van Dyke Houses in Brownsville are a huge NYCHA compex, consisting of 24 buildings. Recently, a $56 million public/private investment ...

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.