Morgan House (153 East 87th Street)
153 East 87th Street, New York, NY 10128
Carnegie Hill, Upper East Side
BBL 1015167501 · BIN 1073043
- Year built
- 1928
- Type
- Condominium
- Units
- 42
- Floors
- 11
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Dogs
- Permitted with conditions
- Cats
- Not stated
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,018
- floor-adjusted, 1 sale
- Listing discount
- 5.2%
- Recorded sales
- 36
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Morgan House would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
Morgan House is a small condominium in a 1928 building, which is uncommon in this part of the Upper East Side. Most prewar buildings near here are co-ops. Here each owner holds a deeded unit, with no board interview and no flip tax in the documents we hold. Owners can lease and finance on condominium terms.
The most important fact is who owns the units. In January 1989 the sponsor sold 16 of the 42 residences to a single buyer, a major nonprofit medical institution. It still owns all 16, about 38 percent of the residences, per the DOF roll, and they carry a nonprofit exemption. ACRIS deeds from 2020 through 2026 record transfers among the other 26 residences. Different named grantees do not establish unrelated beneficial ownership.
The concentration matters for financing. Many conventional lenders limit how many units in a building one owner can hold, often to 20 percent. At 38 percent, some lenders will not treat Morgan House as a standard condominium loan. A buyer should get lender approval of the building early. A lender that holds its own loans (a portfolio lender) is the likelier path.
Architecture and unit composition
City records date the building to 1928. What it was before the renovation is not described in the plan pages we could read. The sponsor's renovation got a temporary certificate of occupancy in October 1985. Then a boiler explosion on November 8, 1985, during the work, damaged the building, and the certificate was revoked. The plan amendments set repairs to be substantially complete by October 1986. The first sales closed in 1987.
Most of the residences are one-bedrooms and studios, per the unit schedule in the offering plan. The A line on floors 2–7 has a one-bedroom with a bath and a half. Floors 9–11 have smaller one-bedrooms and studios. The 8th floor has two units with terraces, each with two bedrooms, two and a half baths and a pantry. The 14th floor has two units with balconies. The 12th-floor units are the largest in the building, each about 1,850 square feet on the DOF roll. The DOF roll puts most residences between about 500 and 950 square feet. Every unit has its own electric meter, per the plan.
Building operations
Governance. The sponsor handed control of the condominium board to the unit owners decades ago, per a later plan amendment. No units are held by the sponsor on the current roll. One owner holds 16 units; its voting weight comes from the declaration's common-interest percentages and can give the institution a large say in board elections and common-charge decisions. Ask how many board seats it holds.
Façade. DOB's façade-inspection record shows a Cycle 10 filing rated safe with a repair and maintenance program in October 2025, after a safe Cycle 9 filing in 2020. Ask what repairs the 2025 report calls for and whether an assessment is planned.
Finances. We do not hold the condominium's budget or financial statements. Common charges, reserves and any assessment history must come from the managing agent.
Policy framework
We hold the offering plan and its amendments, but not the current by-laws, rules or a board application. Confirm the leasing terms, the right of first refusal, the pet policy, the renovation rules, and any limits on trust or LLC buyers with the managing agent before you sign a contract.
Application and transaction fees
Fees below are from building management's published schedule, as of October 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
6 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $600 | Refundable Non-refundable |
| Credit Report FeePer applicant | Paid by Buyer | When With the application | Amount $125.00 per applicant | Refundable Non-refundable |
| Sales Application Processing Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Not stated |
| Closing Document Processing Fee | Paid by Seller | When At closing | Amount $750 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-In Deposit | Paid by Buyer | When With the application | Amount $500 | Refundable Not stated |
| Move-Out Deposit | Paid by Seller | When With the application | Amount $500 | Refundable Not stated |
Rental or lease
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Condo Lease Application Processing Fee | Paid by Tenant | When With the application | Amount $100 | Refundable Not stated |
| credit check feePer applicant | Paid by Tenant | When With the application | Amount $125.00 per applicant | Refundable Non-refundable |
| Management Administration Fee | Paid by Tenant | When With the application | Amount $600 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Deposit | Paid by Landlord | When With the application | Amount $500 | Refundable Not stated |
| Move-in Deposit | Paid by Tenant | When With the application | Amount $500 | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Pets and in-unit washer/dryer
- Dogs
- Permitted with conditionsNo Dogs larger than 10lbsSource: building management's published schedule, as of October 2026
- Cats
- Not statedThe source permits pets without naming cats.Source: building management's published schedule, as of October 2026
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $759 per room a monthMedian of 5 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $3.33 per square foot a monthMedian of 5 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $26,601/yr
- Per unit / month range
- $0 – $53
- Modeled exposure split equally across 42 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Morgan House competes with other prewar-building condominiums on the Upper East Side, not with new development. Condominium prices are quoted per square foot. Sales are infrequent, because only 26 residences trade on the open market. There were two recorded sales in the last twenty-four months. Compare the 12th-floor and terrace units individually, using matched transactions to evaluate any premium. The small one-bedrooms and studios are the entry point, and they draw buyers who want condominium flexibility at a lower price. Assess financing eligibility alongside dated sales, layout, condition and carrying costs; the institutional block alone does not establish a discount or its relative importance. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Apr 13, 2026 | 9D | 1 BR · 1 BA · 805 sf | $768,750 | $955/sf | -3.8% |
| Feb 26, 2025 | 12B | 4 BR · 2.5 BA · 2,000 sf | $2,975,000 | $1,488/sf | -3.9% |
| Dec 19, 2023 | 11C | 1 BR · 1 BA · 575 sf | $670,000 | $1,165/sf | +0.0% |
| Dec 1, 2023 | 7C | 2 BR · 1 BA · 813 sf | $799,000 | $983/sf | +0.0% |
| Nov 15, 2023 | 10C | 1 BA · 572 sf | $585,000 | $1,023/sf | -6.4% |
| Mar 1, 2023 | 10D | 1 BR · 1 BA · 805 sf | $899,900 | $1,118/sf | -14.3% |
| Jun 17, 2022 | 10D | 1 BR · 1 BA · 805 sf | $700,000 | $870/sf | -11.9% |
| Apr 11, 2022 | 3A | 1 BR · 2 BA · 914 sf | $1,125,000 | $1,231/sf | +2.3% |
Market read. Most recent trades (2026 to date) cleared a median $1,018/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 5.2% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01516-7501; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at Morgan House and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with Morgan House and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like Morgan House. Unsubscribe anytime.
We’ll use your email for The Roebling Report and note your interest in this building. See our privacy policy.
What to know if you’re buying
Clear financing first. Give your lender the ownership breakdown at the application. A single owner holding 38 percent of the units can disqualify the building for some loan programs.
Get the condominium's numbers. Ask for the budget, the reserve balance, the 2025 façade report and any planned assessment.
Confirm the unit's layout with DOB. The building was renovated in the 1980s, and units may have been altered since. Check the certificate of occupancy and any later filings for the unit you are buying.
What to know if you’re selling
Prepare the lender package. Have the condominium questionnaire and ownership figures ready so a buyer's lender can decide quickly.
Market the condominium terms. Buyers who want to avoid a co-op board and flip tax are the natural market for a small prewar condominium.
Comparable buildings
If you're considering Morgan House, also evaluate:
- 110 East 87th Street — 1939 Carnegie Hill building converted to condominium in 1985, a block west
- 44 East 67th Street — Rosario Candela's 1941 building, converted to condominium in 1988
- 120 East 87th Street — Park Avenue Court, a 1989 condominium on the same street
- 180 East 88th Street — 2019 new-development condominium on the same block
- 115 East 87th Street — Carnegie Tower, a co-op on the same block
- 170 East 88th Street — 1980 co-op of loft duplexes on the same block
- 161 East 90th Street — Trafalgar Court, a renovated Warren & Wetmore building nearby
More Upper East Side buildings
- 151 East 83rd Street — 1929 co-op
- The Lucida (151 East 85th Street) — 2007 condominium by COOKFOX Architects
- 152 East 94th Street — 1938 co-op by Boak & Paris
- 155 East 72nd Street — 1927 co-op by Cross & Cross
- 155 East 73rd Street — 1923 co-op by George F. Pelham
- 155 East 79th Street — 2013 condominium by BKSK Architects
The neighborhood
For the full corridor — architecture, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at Morgan House?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com