Carnegie Hill is a residential neighborhood within the Upper East Side of Manhattan bounded by 86th Street to the south, 96th Street to the north, Fifth Avenue and Central Park to the west and Third Avenue to the east.
The neighborhood is named after Andrew Carnegie. Carnegie’s mansion was built in 1901 and is located at the corner of Fifth Avenue and 91st Street. Today the grand mansion is home to the Cooper-Hewitt Design Museum, a branch of the Smithsonian Institute. The Guggenheim Museum and the Jewish Museum are also located on Fifth Avenue in Carnegie Hill. The Carnegie Hill stretch of Madison Avenue is different than the southern parts of Madison in that it offers, in addition to brand name retail, smaller boutiques and a variety of local restaurants. The cross streets between Fifth and Madison in Carnegie Hill are home to some of the most exquisite single-family mansions in the city. The apartments in Carnegie Hill are primarily cooperatives, but there are a number of condominiums as well.
Lexington Avenue and Third Avenue are transforming rapidly. Lexington Avenue is seeing many outdated retailers replaced by trendy cafes and boutiques and Third Avenue is experiencing a boom in both shopping and dining options as well. Carnegie Hill is also unique in that it has a high concentration of exclusive private schools making it an extremely desirable neighborhood for families. Moreover, residents have access to the 92nd Street Y cultural center, considered a major amenity by locals.
Carnegie Hill benefits from having superior public transportation. From 86th street, it is a 9 minute ride to Grand Central Station and just over 18 minute ride to Wall street making this one of the best residential neighborhoods for those who work in Midtown East or Financial District.