5-7 East 89th Street

Cool Listings, Historic Homes, Upper East Side

Nearly a year ago, the National Academy Museum & School listed their three stunning Carnegie Hill properties for $120 million–two interconnected townhouses at 1083 Fifth Avenue and 3 East 89th Street and a 65-foot-wide school building on East 89th Street. Though the original listing touted the possibility to create an epic, single-family mega-mansion, there have been no takers, and the buildings are now asking a reduced $78.5 million (h/t WSJ). Along with the price chop comes fresh interior images of the townhouses and their palatial layouts, intricate moldings, dripping chandeliers, and regal spiral staircase.

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Cool Listings, Historic Homes, Upper East Side

3 East 89th Street, National Academy Museum & School

Three lots in Carnegie Hill on the Upper East Side comprising the National Academy Museum & School just hit the market for $120 million. The prize properties, situated directly on Central Park, could be “one of the most remarkable conversion opportunities currently available in all of New York City.” The property, listed by Cushman & Wakefield, includes two interconnected townhouses at 1083 Fifth Avenue and 3 East 89th Street, and a 65-foot-wide school building on East 89th Street, adding up to over 42,000 square feet of of above-grade space plus 12,000 square feet below-grade for “a wide variety of potential visions” including an epic single-family home, boutique condominiums, or continued use as an educational/community facility.

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