Cooperative · 1971
The Newbury
1659 Second Avenue, New York, NY 10128
Buildings·Cooperative

The Newbury (1659 Second Avenue)

1659 Second Avenue, New York, NY 10128

At a glance
Year built
1971
Type
Cooperative
Units
258
Landmark
No

The Newbury at 1659 Second Avenue is one of Yorkville's deepest full-service cooperatives — a 30-story post-war tower that spans the entire Second Avenue blockfront from East 86th to East 87th Street and delivers an amenity package most buildings of any era cannot match. Completed in 1971 and converted to a cooperative in 1980, it belongs to the generation of large Second and Third Avenue towers built when the Upper East Side was densifying eastward and demand for elevator-served, full-service living was running well ahead of what the pre-war avenues could supply. Those buildings traded ornament for scale, service, and amenity — and The Newbury is among the most amenity-rich examples on the corridor.

What distinguishes it is the rooftop. The building carries a full rooftop suite — outdoor adult and children's pools, an outdoor shower, sundecks, a shaded awning, and a solarium lounge and party room with a catering kitchen and two changing rooms — alongside a fitness center, a circular drive and landscaped garden at the entrance, a bike room, private storage, a large laundry room with fifteen washers and sixteen dryers, and a package room with cold storage. An attached garage offers shareholders direct building access at a deeply discounted monthly rate. For a roughly 258-unit Yorkville co-op, that is a country-club service profile delivered in the city.

The location reinforces the value case. The building sits directly on the Second Avenue Subway corridor, two blocks from the 86th Street station and the dense 86th Street retail spine; Central Park is a walk west and Carl Schurz Park and the East River esplanade a walk east. For buyers who want substantial post-war apartments, genuine full service, and resort-grade amenities at pricing well below the pre-war avenues, The Newbury is one of the strongest propositions in Yorkville.

Architecture and unit composition

The Newbury is an early-1970s masonry high-rise in the restrained modern idiom of its era — vertical massing, efficient floor plates, and apartment volume prioritized over facade detail, distinguished at street level by its landscaped circular driveway. The roughly 258 apartments span the configurations characteristic of the period: studios and one-bedrooms through larger two- and three-bedroom layouts across the 30 stories.

Interior signatures are those of upper-tier post-war construction: ceiling heights generally in the 8-to-9-foot range, large windows, practical kitchen and bath layouts (many renovated over the building's life), and ample closet infrastructure. The building's height means a meaningful share of apartments occupy upper floors with open city exposures, and the highest lines reach toward East River and skyline views. Layouts, dimensions, and finishes vary by line and floor and are best read against the current floor plan and the offering plan.

Building operations

The Newbury runs as a full-service post-war cooperative with a full-time doorman and concierge and a live-in resident manager — a service level its roughly 258-unit scale supports comfortably. The amenity base is unusually deep: the rooftop pool suite and solarium party room, the fitness center, the bike room, private storage, the large central laundry, and the package room with cold storage all sit within the building, and the attached garage offers shareholders direct access at a heavily discounted rate. The combination of a resort-grade roof deck and a discounted in-building garage is rare even within the full-service Yorkville field.

The substantive diligence items are the co-op's financials: reserve adequacy, recent and planned capital work (facade cycles and Local Law 97 compliance planning are standard considerations for towers of this vintage), and any current assessments — all of which your attorney should review alongside the financials, minutes, and house rules.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — manageable today, 2030 cliff likely
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$145,363/yr
Per unit / month range
$0 – $47
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
SWARMP
What this means for you

Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.

Inspection history
2005–10
Safe
2010–15
SWARMP
2015–20
Safe
2020–25
SWARMP
2025–30
Due
Next report due
by Feb 2029
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.

See the full facade history →

Recent sales

Sales context at The Newbury:

  • Turnover is steady given the roughly 258-unit scale — typically a high-single-digit to low-double-digit number of closings per year across configurations.
  • Pricing spans a broad range by unit size, floor, and exposure: studios and one-bedrooms at the building's accessible entry tier, with two- and three-bedroom and high-floor open-view configurations at meaningful premiums.
  • Per-square-foot pricing typically sits well below the pre-war Upper East Side co-op tiers, consistent with the post-war vintage and Second Avenue location — and the amenity package adds real value relative to amenity-light neighbors at the same price.

The building's live sales record is the right reference for current valuation and is maintained on the building's auto-generated sales page.

What to know if you’re buying

This is a full-service co-op — plan for a board process. A board package, financial review, and interview are standard. Strong financials and clear primary-residence intent are advantageous.

The amenity package is the differentiator. The rooftop pool suite, fitness center, discounted garage, and full staffing are the reason to choose The Newbury over amenity-light buildings at the same price point — value that compounds over a long hold.

Floor and exposure drive price. Upper-floor lines capture open and, from the top, East River and skyline exposures; lower floors trade view for value.

Scrutinize the building's finances. Reserves, recent and planned capital work (facade, Local Law 97), and any assessments matter more than architecture in a tower of this vintage; review them with your attorney.

Location is a long-term tailwind. Second Avenue Subway two blocks away, the 86th Street retail spine, and walks to both Central Park and Carl Schurz Park.

What to know if you’re selling

Lead with the amenities. The rooftop pools, solarium party room, fitness center, and deeply discounted in-building garage are genuine differentiators on the corridor; foreground them in any listing.

Apartment-level positioning drives price. Floor, exposure, layout, and renovation quality move value far more than building-wide averages in a tower this size.

Closing timelines are co-op standard. Plan for roughly 6–10 weeks from contract signing to closing, plus board package preparation and interview.

Comparable buildings

If you're considering The Newbury, also evaluate:

The Roebling Team at The Newbury

The Roebling Team at Compass works Yorkville and the broader Upper East Side as a core practice area, including the full-service post-war co-op tier where amenity depth and service ratio drive value. We publish this profile because buyers and sellers evaluating the Second Avenue corridor deserve building-specific intelligence — architecture, the amenity program, board culture, and pricing at the apartment level — not generic neighborhood commentary.

If you're considering a purchase or sale at The Newbury, a 30-minute consultation is the right starting point.

Considering a move at The Newbury?

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com