200 East 61st Street (The Savoy)Recorded sales & closing prices

The Savoy sold out through 1986 and 1987 — 141 deeds recorded in 1986 alone and another 65 in 1987 — and has traded continuously ever since, with deeds recorded in every subsequent year through 2026. That depth is one of the building's genuine advantages: with 218 residential units and four decades of turnover, same-building comparables are unusually easy to construct, and line-for-line history is available at almost every tier of the stack.

On a dollars-per-square-foot basis The Savoy prices in the middle band of Upper East Side condominium inventory rather than at the top. It is a large full-service tower without a marquee address, and the market prices it accordingly. The variables that move value inside the building are height, wing orientation and terrace size, in roughly that order. The variables that move the carrying number are unabated taxes and the capital assessment, and both are large enough that a buyer comparing The Savoy against abated newer inventory on price per foot alone will reach the wrong conclusion.

Comparables should be drawn first from the building itself, then from the 1980s full-service condominium towers along Third and Second Avenues in the East 60s — not from the prewar cooperatives to the west, whose policy framework, financing rules and buyer pool are structurally different. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.