16 East 98th Street
16 East 98th Street, between Fifth and Madison avenues · Upper East Side
Upper Carnegie Hill, Upper East Side
BBL 1016030060 · BIN 1051478
- Year built
- 1925
- Type
- Cooperative
- Amenities
- Elevator, live-in superintendent, porter, video intercom, planted courtyard, common laundry, bicycle and private storage
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted
- Pied-à-terre
- Permitted
- Pets
- Pets permitted with conditions; species not stated
- Washer/dryer
- Permitted with conditions
- Maximum financing
- 80% of the purchase price
- Flip tax
- 2% of the purchase price, paid by the seller
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2024–2026
- $875K
- 5 qualifying sales
- Recent range
- $540K – $1.5M
- Listing discount
- 2.7%
- Recorded transfers
- 70
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 16 East 98th Street 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.
16 East 98th Street is a ten-story prewar cooperative on the short block between Fifth and Madison avenues. A projecting entrance canopy and wrought-iron doors mark its street entrance. Inside, the building combines compact apartments with larger original and combined layouts, while a planted courtyard provides shared outdoor space.
The address places Central Park at the west end of the block. Some upper apartments have park outlooks, and penthouse accommodation includes private terrace space. Those outlooks are specific to the apartment's height and orientation; the building also contains lower-floor homes facing the street or interior of the block.
The cooperative was incorporated in 1986 per the NY Department of State filing. Its resale inventory spans small one-bedrooms, larger two-bedroom plans and combinations with substantially more interior area. The difference between those categories is central to understanding the building's market.
Architecture and unit composition
The brick apartment house has a formal entrance and a ten-story vertical profile. Interior features include high ceilings and wood floors, with herringbone flooring surviving in some homes. The apartment inventory contains separate kitchens, windowed bathrooms and plans that place bedrooms on opposite sides of the living space.
One-bedroom apartments include comparatively compact layouts as well as larger rooms with dining space. Two-bedroom accommodation ranges from original plans to combined residences. Recorded combinations account for some of the largest homes that have traded in the cooperative.
At the top of the building, a penthouse configuration includes a wraparound terrace, a fireplace and multiple exposures. Outdoor accommodation of that kind belongs to the particular home. The planted courtyard remains the common outdoor facility available to the cooperative's residents.
Building operations
The building has a live-in superintendent and porter, with video intercom access. Common laundry, bicycle storage and private storage supplement the apartments. Seating and grilling facilities are part of the courtyard arrangement.
The property is in tax class 2 and does not carry a building-wide abatement identified by DOF. Its built floor-area ratio is 6.87, compared with the 3.44 residential allowance shown for its R7-2 zoning. The building is not designated by LPC.
Policy framework
Financing: Up to 80%, corresponding to a minimum 20% down payment — confirm with the managing agent.
Flip tax: 2% — confirm the calculation and responsible party with the managing agent.
Pets: Permitted — confirm with the managing agent.
Pied-à-terre ownership and co-purchasing: Permitted with board approval — confirm with the managing agent.
Subletting: Permitted with board approval — confirm with the managing agent.
Application and transaction fees
Fees below are from building management's published schedule, as of August 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- Equal to 2% of the contract price
- Rate
- 2% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of August 2026
Purchase
8 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $400 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $50 per applicant | Refundable Non-refundable |
| Move-In Fee | Paid by Buyer | When At closing | Amount $200 for a Studio, $300 for a one-bedroom, $400 for a two-bedroom or larger | Refundable Non-refundable |
| Recognition Agreement FeeConditional | Paid by Buyer | When At closing | Amount $275 if applicable | Refundable Non-refundable |
| Move-Out Fee | Paid by Shareholder | When At closing | Amount $200 for a Studio, $300 for a one-bedroom, $400 for a two-bedroom or larger | Refundable Non-refundable |
| Stock Transfer Fee | Paid by Shareholder | When At closing | Amount $800 | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In Deposit | Paid by Buyer | When With the application | Amount $1,000 | Refundable Refundable |
| Move-Out Deposit | Paid by Shareholder | When With the application | Amount $1,000 | Refundable Refundable |
Sublet
8 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $500 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Subtenant | When With the application | Amount $50 per applicant | Refundable Non-refundable |
| Move-In Fee | Paid by Subtenant | When With the application | Amount $500 | Refundable Non-refundable |
| Monthly Subletting FeeRecurring | Paid by Shareholder | When Upon approval | Amount 10% of monthly maintenance | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In Deposit | Paid by Shareholder | When With the application | Amount $1,000 | Refundable Refundable |
Sublet renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $100 | Refundable Non-refundable |
| Monthly Subletting FeeRecurring | Paid by Shareholder | When Upon approval | Amount 10% of monthly maintenance | Refundable Not stated |
Refinance
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Recognition Agreement Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
Ownership transfer
3 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $200 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $50 per applicant | Refundable Non-refundable |
| Transfer Fee | Paid by Buyer | When At closing | Amount $800 | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 80% of the purchase priceSource: building management's published schedule, as of August 2026
- Co-purchasing
- PermittedSource: building management's published schedule, as of August 2026
- Parent buying for an employed child
- PermittedSource: building management's published schedule, as of August 2026
- Parent buying for a student child
- PermittedSource: building management's published schedule, as of August 2026
- Purchase or lease by a corporation
- Not permittedSource: building management's published schedule, as of August 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- PermittedSource: building management's published schedule, as of August 2026
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of August 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of August 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted with conditions; species not statedSee Pet Policy for limitationsSource: building management's published schedule, as of August 2026
- In-unit washer/dryer
- Permitted with conditionsWith Board ApprovalSource: building management's published schedule, as of August 2026
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $566 per room a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.26 per square foot a monthMedian of 4 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Virtual or video entry
- YesSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Garden, bike storage, storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $19,380/yr
- Per unit / month range
- $0 – $30
- Modeled exposure split equally across 53 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 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 inspector (QEWI) 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 — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent transfers 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 |
|---|---|---|---|---|---|
| Jun 29, 2026 | 7F | 2 BR · 1.5 BA | $825,000 | +0.0% | |
| May 12, 2026 | 7A | 2 BR · 1 BA · 800 sf | $875,000 | $1,094/sf | -2.7% |
| Apr 17, 2026 | 8D | 1 BR · 1 BA · 675 sf | $540,000 | $800/sf | -1.8% |
| Jan 6, 2026 | 1A | 2 BR · 1 BA | $775,000 | -6.1% | |
| Aug 29, 2025 | 2BC | 2 BR · 2 BA · 1,300 sf | $1,475,000 | $1,135/sf | +0.0% |
| Feb 26, 2025 | 1C | 1 BR · 1 BA | $670,000 | -3.6% | |
| Jun 11, 2024 | 2F | 2 BR · 1.5 BA | $930,000 | -3.1% | |
| Aug 31, 2022 | 5D | 1 BA | $410,000 | +1.2% |
Market read. Most recent trades (2026 to date) cleared a median $862/sf (floor-adjusted) across 2 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 1.3% 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 1-01603-0060). 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 on co-ops is not officially recorded, figures shown are approximate.
Closed rents at 16 East 98th Street, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 2 bedroom | 2 | $5,922 |
3 closed sublet leases, October 2023 to September 2026. Most recent lease August 2025. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at 16 East 98th Street and nearby.
At the recent median sale of $800K (6 transfers in the past 24 months, since November 12, 2024), a buyer putting 25% down would pay about $11,550 to close, or 1.4% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $11,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with 16 East 98th Street and its market
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What to know if you’re buying
Combination layouts: Several larger homes derive from adjoining apartments. For one of those configurations, establish that the shares, proprietary lease interests and approved plan correspond to the full space being sold. A combined plan's appeal says nothing about how the cooperative's own records treat the apartment; confirm with the managing agent.
Comparable buildings
- 1165 Fifth Avenue — A nearby prewar cooperative with direct avenue frontage and a comparable overall residential inventory.
- 1170 Fifth Avenue — A taller prewar cooperative for comparing Fifth Avenue exposure with a side-street address.
- 9 East 96th Street — A prewar cooperative near Fifth Avenue with a similar residential scale in a taller building.
- The Queenston — A lower-rise prewar cooperative for buyers comparing smaller apartment-house settings nearby.
- Madison Court — A prewar cooperative of similar overall size along Madison Avenue.
- 9 East 97th Street — A smaller side-street cooperative near the same section of Central Park.
More Upper East Side buildings
- 15 East 91st Street — 1946 co-op
- 16 East 80th Street — 1886 co-op
- 16 East 96th Street — 1906 co-op by Clinton & Russell
- 17 East 63rd Street — 1901 co-op by Welch, Smith & Provot
- 17 East 80th Street (The Warburg Mansion) — 1906 co-op
- 17 East 84th Street — 1923 co-op by George F. Pelham
The neighborhood
For the full corridor — architecture, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
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.
Considering a move at 16 East 98th Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com