47 East 87th Street
47 East 87th Street, New York, NY 10128
Carnegie Hill, Upper East Side
BBL 1014990020 · BIN 1046916
- Year built
- 1947
- Type
- Cooperative
- Units
- 61
- Floors
- 15
- Landmark status
- Requires confirmation
- City records and our profile differ. Confirm with building management.
- Subletting by shareholders
- Permitted with conditions
- Pied-à-terre
- Permitted with conditions
- Pets
- Pets permitted; species and limits not stated
- Washer/dryer
- Permitted with conditions
- Maximum financing
- 50% of the purchase price
- Flip tax
- 2% of the purchase price, paid by the seller
- Doorman
- Full-time doorman
- Financing
- Up to 50% financeable (50% minimum down).
- Subletting
- Permitted with Board approval. Short-term rentals and AirBnB are not permitted.
- Pied-à-terre
- Permitted.
- Washer / dryer
- Permitted in-unit.
- Pets
- Permitted, subject to Board approval.
- Co-purchasing
- Permitted. Parents purchasing for children permitted.
- Guarantors
- Permitted.
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2026). Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $965K
- Recent range
- $811K – $3.6M
- Listing discount
- 4.8%
- Recorded transfers
- 52
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 47 East 87th Street 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.
47 East 87th Street is among the earliest postwar Carnegie Hill cooperatives — built in 1947 and converted to cooperative ownership in 1948, an unusually rapid construction-to-cooperative cycle. At sidewalk level, the Food Emporium ground-floor retail tenancy on Madison Avenue has long anchored the building's frontage. Directly across 87th Street sits the Park Avenue Synagogue, clad in warm yellow Mankato stone — a distinguished architectural neighbor. And the prime Carnegie Hill location ties it all together: midblock between Madison and Park, three minutes from both the Carnegie Hill cross-street prewar cohort and the Park Avenue corridor.
Architecture and building operations
Operations: 24-hour doorman, on-site superintendent, bike room, private storage, terraces, corner windows, canopied entrance, sidewalk landscaping. The building permits protruding window air-conditioning units — a postwar configuration feature worth verifying during walkthrough.
The 15-story, 61-apartment configuration places 47 East 87th in the immediate postwar Carnegie Hill cooperative cohort. The retail frontage on Madison Avenue is faced in white tile.
Policy framework
- Type: Cooperative — board interview required
- Pets: Verify with managing agent
- Pied-à-terre: Subject to board review
- Financing maximum: Verify with managing agent at offer stage
- Flip tax: Verify with managing agent
- Subletting: Board approval required
- Trust, LLC, foreign buyers: Case-by-case
- Post-closing liquidity: Substantial Carnegie Hill reserves customary
- Board interview: Required
Application and transaction fees
Fees below are from building management's published schedule, as of August 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.
- Terms
- Equal to 2% of purchase price
- Rate
- 2% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of August 2026
Purchase
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
| Credit Report FeePer applicantRequired | Paid by Buyer | When With the application | Amount $150 per applicant. | Refundable Non-refundable |
| Recognition Agreement FeeConditionalConditions: If Applicable | Paid by Buyer | When At closing | Amount $500 | Refundable Not stated |
| Closing FeePer share | Paid by Shareholder | When At closing | Amount $750 with a broker, or $800 without a broker (Plus NYS Transfer stamp $0.05 per share) | Refundable Not stated |
| Closing Fee for Estate SalePer share | Paid by Shareholder | When At closing | Amount $800 with a Broker, or $850 without a Broker (Plus NYS Transfer stamp $0.05 per share) | Refundable Not stated |
Sublet
3 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Sublet FeeRecurringRequired | Paid by Shareholder | When With the application | Amount Equal to 15% of annual maintenance | Refundable Not stated |
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $1,000 | Refundable Non-refundable |
| Credit Check FeePer applicantRequired | Paid by Subtenant | When With the application | Amount $150 per applicant. | Refundable Non-refundable |
Refinance
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $500 | Refundable Non-refundable |
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.
Financing and purchase requirements
- Maximum financing
- 50% of the purchase priceSource: building management's published schedule, as of August 2026
- Guarantors
- Permitted with conditionsSubject to Board ApprovalSource: building management's published schedule, as of August 2026
- Co-purchasing
- Permitted with conditionsAll purchasers' names are required to be on the stock and lease.Source: building management's published schedule, as of August 2026
- Parent buying for an employed child
- Permitted with conditionsSubject to board approvalSource: building management's published schedule, as of August 2026
- Parent buying for a student child
- Permitted with conditionsSubject to board approvalSource: building management's published schedule, as of August 2026
- Purchase or lease by a corporation
- Not permittedSource: building management's published schedule, as of August 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Permitted with conditionsA letter with a reason for subletting must be submitted to the Board for approval before an application can be submitted. Maximum of two years allowed, sublease agreement must be for one year at a time.Source: building management's published schedule, as of August 2026
- Pied-à-terre ownership
- Permitted with conditionsSubject to board approvalSource: building management's published schedule, as of August 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of August 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSubject to board approvalSource: building management's published schedule, as of August 2026
- In-unit washer/dryer
- Permitted with conditionsSubject to board and buildings engineer approvalSource: building management's published schedule, as of August 2026
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
- Maintenance, per room
- $578 per room a monthMedian of 8 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $1.97 per square foot a monthMedian of 4 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Bike storage, storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent.
Local Law 97
- 2024–2029 annual penalty
- $73,366/yr
- 2030–2034 annual penalty
- $158,059/yr
- Per unit / month range
- $100 – $216
- Modeled exposure split equally across 61 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 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 engineer 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 — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
- Flip tax
- 2% of purchase price
- Sublet policy
- Allowed w/ board approval; max 2 years, 1-year sublease terms
- Pied-à-terre
- Allowed, subject to board approval
- Notable fees
- Sublet fee 15% of annual maintenance; max financing 50%
Recent sales
Recent transfers 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 |
|---|---|---|---|---|---|
| Aug 11, 2026 | 15C | 2 BR · 2.5 BA | $1,995,000 | -9.3% | |
| May 27, 2026 | 7A | 3 BR · 2.5 BA | $3,650,000 | +0.0% | |
| Feb 17, 2026 | 14C | 2 BR · 2.5 BA | $2,125,000 | +13.3% | |
| Dec 23, 2025 | 9B | 1 BR · 1 BA · 1,014 sf | $1,100,000 | $1,085/sf | -2.2% |
| Oct 9, 2025 | 7A | 3 BR · 2.5 BA | $3,650,000 | -7.6% | |
| Jul 30, 2025 | 5B | 1 BR · 1.5 BA | $829,000 | +0.0% | |
| May 23, 2024 | 9E | 1 BR · 1 BA · 1,100 sf | $1,200,000 | $1,091/sf | -7.0% |
| Mar 12, 2024 | 10C | 2 BR · 2.5 BA · 1,450 sf | $1,200,000 | $828/sf | -19.7% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $1,082/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2026. Median listing discount 3.7% 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 1-01499-0020). 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 on co-ops is not officially recorded, figures shown are approximate.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 47 East 87th Street and nearby.
At the recent median sale of $2.13M (6 transfers since 2024), a buyer putting 25% down would pay about $41,113 to close, or 1.9% of the price.
- Mansion tax: $26,563
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,550
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with 47 East 87th Street and its market
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What to know if you’re buying
The 1947 postwar vintage and the 1948 cooperative conversion are structurally distinguishing. Among the earliest postwar Carnegie Hill cooperatives.
The Food Emporium ground-floor retail and the Park Avenue Synagogue adjacency anchor the urban context.
The protruding window AC configuration should be evaluated during walkthrough. Some apartments may carry central AC retrofits.
The corner windows and terraces are real configuration features. Verify line-specific configuration.
The 61-unit scale supports operational depth. Plan board diligence accordingly. Position evaluation accordingly.
Closing timelines are cooperative-standard. Plan for 6 to 10 weeks from contract through board approval to closing.
Comparable buildings
- 21 East 87th Street — Roth 1927; same-block Carnegie Hill peer
- 12 East 87th Street (The Capitol) — Blum & Blum 1910-12; same-block Carnegie Hill peer
- 15 East 91st Street — Schultze 1947; same-vintage Carnegie Hill postwar peer
- 50 East 89th Street (Park Regis) — Roth & Sons 1974; nearby Carnegie Hill modernist peer
- 64 East 86th Street — 1917; nearby Carnegie Hill / Yorkville prewar peer
Sources: The Roebling Research Library (offering plans, house rules, financial statements, board minutes, internal transaction records); NYC Department of Finance recorded transfers; publicly recorded NYC building data.
More Upper East Side buildings
- 45 East 85th Street — 1925 co-op by Schwartz & Gross
- 45 East 89th Street (89th & Madison) — 1969 condop
- 47 East 67th Street — 1878 co-op
- 47 East 91st Street — 2004 condominium
- 48 East 83rd Street — 1920 co-op
- 49 East 86th Street — 1930 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.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
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 47 East 87th Street?
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