1289 Lexington Avenue
Address
1289 Lexington Avenue, New York, NY 10028
Price Range
$3,600,000 – $8,250,000
Bedrooms
2-5 BR
Completion
2026
Developer: Naftali Group46 unitsCarnegie Hill, Manhattan
E-2 EligibleEB-5 EligibleAny Eligible
Refined Living on the Upper East Side
1289 Lexington Avenue brings boutique luxury to Carnegie Hill, one of Manhattan's most prestigious residential neighborhoods. Developed by Naftali Group, this intimate 23-story condominium at the northeast corner of East 86th Street offers just 46 residences, ensuring exclusivity and a high level of personalized service. The architecture by ODA New York creates a striking modern presence on the historic Lexington Avenue corridor.
Residences
The collection of two to five-bedroom residences features grand proportions, with ceiling heights up to 10 feet, oversized windows, and gracious layouts designed for entertaining. Interiors include white oak flooring, custom Italian kitchens with Gaggenau appliances, and marble-clad master bathrooms with soaking tubs. Select residences offer private terraces with Central Park views.
Neighborhood
Carnegie Hill is the crown jewel of the Upper East Side, known for its tree-lined streets, pre-war architecture, and proximity to Central Park. The neighborhood is home to the Guggenheim Museum, Cooper Hewitt Smithsonian Design Museum, and some of the city's most sought-after schools including Dalton, Brearley, and Chapin. Museum Mile is steps away, and Central Park's reservoir and running path are two blocks west.
Investment Perspective
With only 46 units in one of Manhattan's most desirable family neighborhoods, 1289 Lexington offers scarcity value that drives strong long-term appreciation. Carnegie Hill consistently ranks among the top neighborhoods for families relocating to NYC, making this an ideal choice for international families seeking both a home and an investment in Manhattan's most established residential enclave.
Estimated Monthly Costs
$4,000
Property Tax
$3,200
HOA / Common Charges
$700
Insurance
Amenities
Fitness CenterChildren's PlayroomResidents' LoungeLandscaped Rooftop TerraceStorageBicycle RoomConciergeDoorman
Information for International Buyers
Purchasing as a Foreign Buyer
Foreign nationals can purchase property in New York City with no restrictions on ownership. Unlike some countries, the U.S. does not require citizenship or residency to own real estate. Purchases can be made in a personal name, through an LLC, or via a foreign corporation.
Financing is available for foreign buyers, though terms typically require a 30-50% down payment and may carry higher interest rates than for U.S. residents. Several banks in NYC specialize in foreign national mortgages and accept alternative documentation.
Key considerations include FIRPTA withholding tax (15% of sale price held at closing, refundable if no tax is owed), potential estate tax exposure for non-resident aliens (federal exemption of only $60,000), and annual property tax obligations. We recommend working with a CPA and attorney experienced in cross-border real estate transactions.
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