Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
Closed For Sale Co-op

$450,000

531 E 72nd Street #3B

Upper East Side, Manhattan

MLS® #RLS10956505

RLS at REBNY

Listing by Sothebys International Realty

Studio

1

Bath

N/A

Sq. Ft.

1894

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Lot Size 3,217 sq ft
Year Built 1894
Ownership Co-op
Maintenance $1,324/mo
Neighborhood Upper East Side

Property Highlights

  • Views: City, Water
  • Fireplace: 1 fireplace
  • Style: Prewar architecture

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
View City, Water
Pets Yes
Year Built 1894
Architectural Style Prewar
Structure Type MultiFamily
Furnished Unfurnished
Lot Size 3,217 sq ft
Parcel # 1484-0022-00531-000-000003B
Block/Lot 01484/0022

Listing History

Event Date Price Change
Listed Jan 30, 2024 $450,000 -
Currently Apr 28, 2026 $450,000 -

Description

The tree-lined cul-de-sac of East 72nd Street – between Sotheby's headquarters on York Ave and the cobbled East River overlook – is one of those special enclaves in Manhattan that seems a world away, yet only a stone's throw away from the action. On the north side of the very end, you'll find four connected antique brick townhouses – 527-541 East 72nd Street, which were gutted, redesigned, and the bricks painted flat black in late 1930's. Stylish then, and now a well-established residential co-op, often referred to as "The Black and Whites” due to now-iconic black brick, white trim, and red door facades. Over the years, apartments have been combined and modified, and the co-op has housed many distinguished residents. Notably, soon after The Paris Review moved its operations there in 1973, it became a hub for many of New York’s illustrious literati. Apartment 3B has been primarily used as a writer's cottage by a Pulitzer Prize-winning author. Offered for the first time in decades, it offers an imposing 24-foot studio space with four gloriously large south-facing windows. It is warm, atmospheric, and brimming with intellectual history. There coveted details such as high 9-foot ceilings, a classical wood-burning fireplace, hardwood floors, and an oblique view of the East River. Configured as a private work environment, there are two walls of built-in bookcases, an alcove for files, and multiple closets. The galley kitchen features a Gaggenau oven, gas cooktop, GE dishwasher, a brand-new fridge, and a lovely terracotta-tiled floor. The adjacent dining area has an interior-facing window, and there is a windowed, marble-tiled full bath with tub/shower. The four large windows in the Great Room are retro-fitted with interior city-windows for extra sound-proofing and increased concentration. There is a discreet window a/c. If desired, the apartment could easily reconfigure to a one-bedroom layout. The 72 River Tenant’s Corporation, incorporated in 1972, is a non-doorman, non-elevator building with convenient key fob entry. Apartment 3B is only two short flights up. Overall, in the four buildings, there are 43 residential apartments, serviced by a skilled live-in building manager who will accept resident’s packages. There’s also a bike room and central laundry room. Pied a terres, washer/dryers, and pets are allowed. Generous 75% financing is permitted, and there is a 3% flip tax. Basement storage bins, when available, can be rented.​​‌​​​​‌​​‌‌​​‌​​‌​​​​‌‌​​‌‌​​​‌​​‌‌​‌​​

Features & Amenities

Interior Features

Storage Common On Floor Common Area Laundry Room Fireplace (1)

Appliances

Dishwasher

Building Information

Building Data View Compliance & Permits
Total Units 20
Stories 5
Structure MultiFamily
Style Prewar

Financial Details

Maintenance $1,324/mo
Sale Price $450,000

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its low-traffic, tree-lined streets, the neighborhood offers a refined lifestyle away from the midtown bustle. While famous for its historic cooperatives, the area has seen a recent surge in ultra-luxury new construction condos, particularly along the Second Avenue Subway corridor, making it a top choice for both traditionalists and modern buyers.

Upper East Side Live Market Data

View Neighborhood

Active Listings

343

Median Asking Price

$1.52M

Median $/Sqft

$1,546

Avg Days on Market

N/A

New This Week

26

Price Reduced

28%

Sold (30 Days)

34

Median Sale Price

$1.53M

Live data from RLS at REBNY • Updated 4/28/26, 5:25 AM EST

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Location

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531 E 72nd Street #3B, Upper East Side, New York County

Virtual Tour

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Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
5
Floors
20
Residential Units
R10
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $1,703,700
Land Value: $289,350
Exemptions: $2,947

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 3,217 SF
Building Area: 13,500 SF
Built FAR: 4.2
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $1,324 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1894, making it approximately 132 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10956505
First Listed: 1/30/2024
On Market: 1/30/2024
Closed: 5/8/2024
Contract Date: 1/30/2024

Listing Courtesy of Sothebys International Realty - Gordon Roberts

Listing Contact: (212) 400-8710

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/28/2026 at 9:25 AM UTC

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