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5-7 E 89th St |Upper East Side
$26,000,000
Studio
Time on market: 350 days
Taxes/Maintenance: $0
Courtesy of The Corcoran Group
William Platt designed 5-7 East 89th Street under the commission of New Yorks National Academy in 1958. This highly functional and adaptable 2-story building boasts nearly 65 of frontage on East 89th Street, and sits across from the Guggenheim Museum and Central Park. The Platt-designed property primarily houses classroom and art studio space for the National Academy, one of the most renown art institutions in the United States.

The spacious main lobby of the building houses art exhibits, a lounge seating area and a security desk. The remainder of the ground floor houses large classrooms and studio space, as does the second floor. There is a windowed basement which houses additional classrooms and art studios, an elevator and a large, open courtyard at the rear of the building.

5-7 East 89th Street provides an extremely rare opportunity for a discerning buyer to create a home for their foundation, public institution or an academy just off of Central Park. It is also an exceptional chance to own a substantial piece of real estate in one of the most sough-after neighborhoods in the world.

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AMENITIES

Elevator
No Pets Allowed
MORTGAGE CALCULATOR

Sale Price
Down Payment
%
Mortgage Payment:
Common Charges & Taxes: $0

Total Monthly Payment:
Mortgage Amount $20,800,000
Term
30 Year Fixed
Rate
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