Carnegie Hill Tower (1327 Madison Avenue / 40 East 94th Street)
1327 Madison Avenue, New York, NY 10128
Carnegie Hill, Upper East Side
BBL 1015057502 · BIN 1047171
- Year built
- 1983
- Type
- Condominium
- Units
- 205
- Floors
- 32
- Landmark
- No
- Pets
- Permitted under condominium rules (confirm any weight or breed terms with the managing agent)
- Financing
- Condominium — minimum 10% down; no co-op-style financing cap
- Flip tax
- None documented as a condominium; confirm any current transfer fee at offer stage
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,282
- Listing discount
- 3.9%
- Recorded sales
- 186
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Carnegie Hill Tower would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Carnegie Hill Tower is the modern high-rise condominium of upper Carnegie Hill — a 32-story tower at Madison Avenue and 94th Street, completed in 1983 to an Edward V. Giannasca design, with angled façades, large south-facing bay windows, and a landscaped mid-block mews carrying a waterfall through to 93rd Street. It is one block from Central Park and Museum Mile, and its height gives the upper floors open south and west sightlines that the low-rise Carnegie Hill townhouse stock structurally cannot.
Its place in the market is a product of that height, its condominium structure, and its origins. The building is the outcome of a landmark community-planning fight: Carnegie Hill residents hired their own architects and won a special zoning amendment, and the developer received a density bonus in exchange for preserving a neighboring apartment house and creating the landscaped waterfall mews. The result is a tall, view-capable tower with a garden approach in a neighborhood otherwise defined by brownstones and prewar co-ops. As a condominium, it offers pied-à-terre and investment use, subletting, and financing without a co-op board's thresholds — a rarer profile this far into Carnegie Hill.
The location is prime upper Carnegie Hill: Madison and 94th, one block from the Park, within Museum Mile, and close to the neighborhood's private schools, the 6 at 96th Street, and the Second Avenue subway's Q at 96th. It pairs a townhouse-scaled neighborhood with a tower's light and views.
Architecture and unit composition
Edward V. Giannasca's design is a pale-masonry modern tower distinguished by angled, asymmetrical façades and large bay windows oriented south down Madison Avenue — a form that widens the light and produces angled interior layouts through much of the building. The base carries a handsome retail frontage; the mid-block garden mews with its waterfall gives the block a landscaped, quieter face toward 93rd Street.
The roughly 205 residences — cited in some records at an original count near 223 — run from one-bedrooms through larger family layouts, with the higher floors and the south- and west-facing lines carrying the strongest light and the open Park-adjacent and downtown views. Some upper units carry wood-burning fireplaces and private terraces. Because floor, exposure, and the angled layouts vary the value so much unit to unit, same-line, same-floor comparables — not blended per-foot averages — are the correct analytical unit.
Building operations
Carnegie Hill Tower operates as a full-service condominium: 24-hour doorman and concierge, a live-in superintendent, a fitness center, a landscaped roof deck with panoramic views, an attached garage, a bike room, cold storage, and the landscaped garden mews. Common charges reflect the staffing and the amenity maintenance a tower of this scale requires, including the garden and water feature. Buyers should confirm the specific unit's carry, and review the reserve position and any active assessment during diligence; for a tower of this vintage, the engineering reports and any façade or mechanical capital work are worth reviewing.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $166,850/yr
- Per unit / month range
- $0 – $68
- Modeled exposure split equally across 205 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Recent sales
Carnegie Hill Tower trades as a view-capable, full-service Carnegie Hill condominium where floor and exposure drive value as much as the apartment itself, and where the condominium structure widens the buyer pool relative to the neighborhood's prewar co-ops. Pricing runs unit-by-unit: higher floors and south- and west-facing lines with open exposures carry premiums over lower and interior lines. Recorded sales auto-populate from public records; unit-level history and current same-line comparables are maintained in The Roebling Research Library and shared with clients during diligence. Same-line, same-floor comparables — not building averages — are the correct basis in a 32-story tower.
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Aug 21, 2026 | 8A | 3 BR · 2.5 BA · 1,822 sf | $2,950,000 | $1,619/sf | -4.8% |
| Aug 10, 2026 | 26G | 1 BR · 1 BA · 983 sf | $1,050,000 | $1,068/sf | -16.0% |
| Jun 23, 2026 | 3D | 1 BR · 1 BA · 871 sf | $990,000 | $1,137/sf | -23.8% |
| Jun 15, 2026 | 6F | 2 BR · 2 BA · 1,400 sf | $1,400,000 | $1,000/sf | -4.8% |
| May 28, 2026 | 20F | 2 BR · 2 BA · 1,400 sf | $1,850,000 | $1,321/sf | +0.0% |
| Feb 12, 2026 | 11A | 3 BR · 3 BA · 1,822 sf | $2,600,000 | $1,427/sf | -4.6% |
| Sep 5, 2025 | E | 1,016 sf | $930,000 | $915/sf | off-mkt |
| Jul 14, 2025 | 10F | 2 BR · 2 BA · 1,400 sf | $1,775,000 | $1,268/sf | -11.0% |
Market read. Most recent trades (2026) cleared a median $1,282/sf (floor-adjusted) across 6 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 3.9% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01505-7502). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at Carnegie Hill Tower, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 5 | $5,000 |
| 2 bedroom | 11 | $8,700 |
| 3 bedroom | 4 | $15,300 |
20 closed leases, October 2023 to September 2026. Most recent lease September 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $1.74M (14 sales since 2024), a buyer putting 25% down would pay about $72,003 to close, or 4.2% of the price.
- Mansion tax: $17,350
- Mortgage recording tax: $25,049
- Title insurance: $7,807
- Attorneys, lender, building fees, reserves and filings: $21,796
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
Buy the floor and the exposure. Height and orientation are the value here — the south- and west-facing upper lines carry the open views. Use same-line, same-floor comparables, not a tower average.
Condo flexibility is real. Pied-à-terre and investment use, subletting, and financing without a co-op board's thresholds are available; minimum down payment is 10%. The building is pet-friendly — confirm any weight or breed terms with the managing agent.
Value the location. One block from Central Park, inside Museum Mile, near the neighborhood's private schools and the 6 and Q trains. This is prime upper Carnegie Hill.
Diligence the tower. For a 1983 high-rise, review the current engineering reports, board minutes, reserve study, and any façade or mechanical capital program. Run the True Monthly Carrying Cost Calculator.
What to know if you’re selling
Lead with the light and the mews. The angled bay windows, the south-facing views down Madison, and the landscaped waterfall garden are the marketing story — a tower's light with a garden approach.
Price by floor and line. In a 32-story tower with angled layouts, exposure and altitude segment the market sharply. Comparable analysis is line-specific.
Sell the flexibility and the address. Condominium freedom in prime Carnegie Hill, one block from the Park — a combination the neighborhood's co-ops can't match.
Closing timelines are condo-fast. 30–45 days from contract to closing; foreign and investor buyers are welcome under the declaration.
Comparable buildings
If you're considering Carnegie Hill Tower, also evaluate:
- 45 East 89th Street — the tall full-service Carnegie Hill tower nearby; the closest high-rise like-for-like
- 1080 Fifth Avenue — the Fifth Avenue Park-front building at the edge of Carnegie Hill; the Park-facing alternative
- 245 East 93rd Street — full-service condominium to the east; a value-oriented peer
- 200 East 94th Street — full-service condominium nearby; the amenity-tower alternative
- Trump Palace (200 East 69th) — tall view-driven Upper East Side condominium; the height alternative to the south
More Upper East Side buildings
- The Hayworth (1289 Lexington Avenue) — 2019 condominium
- 1295 Madison Avenue — 1900 condominium
- 1296 Third Avenue (196 East 75th Street) — 1959 co-op
- The Theso (1328 Second Avenue) — 1961 co-op
- 1344 First Avenue — 1961 co-op
- 1349 Lexington Avenue (The Paulding) — 1922 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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