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
- Condop
- Units
- 42
- Floors
- 11
- Landmark
- No
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. The other 26 residences trade on the open market to unrelated buyers, as ACRIS deeds from 2020 through 2026 show. The building passes our for-sale test.
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 Then a boiler explosion on November 8, 1985, during the work, damaged the building, and the certificate was revoked.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. With 16 votes in one owner's hands, the institution has 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.
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. The 12th-floor units and the terrace units set the top of the range. The small one-bedrooms and studios are the entry point, and they draw buyers who want condominium flexibility at a lower price. The institutional block and its effect on financing is the main discount factor. Index market statements to 2025, the last complete year. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Apr 29, 2026 | 9D | $768,750 |
| Mar 13, 2025 | 12B | $2,975,000 |
| May 14, 2024 | 11C | $670,000 |
| Dec 13, 2023 | 7C | $799,000 |
| Nov 27, 2023 | 10C | $585,000 |
| Mar 9, 2023 | 10D | $899,900 |
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) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
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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 79th Street — 2013 condop by BKSK Architects
- 155 East 93rd Street — 1928 co-op
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.