The Parc (55 East 87th Street)
55 East 87th Street, New York, NY 10128
Carnegie Hill, Upper East Side
BBL 1014990025 · BIN 1046917
- Year built
- 1963
- Type
- Cooperative
- Units
- 129
- Landmark
- No
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median
- $1.6M
- Recent range
- $675K – $2.9M
- Listing discount
- 4.8%
- Recorded transfers
- 118
55 East 87th Street — The Parc — is a 1963 white-glazed-brick cooperative on one of Carnegie Hill's prime blocks, the quiet tree-lined cross-street between Madison and Park Avenues. The address puts Central Park, the reservoir running track, and the Museum Mile institutions within a few minutes' walk, with the Madison Avenue boutique-and-café row a half-block west and the 86th Street crosstown bus and the 4/5/6 at 86th and Lexington close at hand. It is among the most convenient family addresses on the Upper East Side.
The building is a postwar arrival in a famously pre-war neighborhood, and that contrast is its case. Where Carnegie Hill's signature houses are the limestone-and-brick cooperatives of the 1910s and 1920s, The Parc delivers what that pre-war stock generally cannot: an attended in-building garage with direct interior access, three elevators with separate service circulation, efficient light-driven postwar layouts, and the lower-maintenance modern systems many buyers specifically want. The white-glazed-brick facade is the unmistakable marker of its early-1960s vintage, and the white-marble lobby with crown moldings gives the ground floor a more formal register than most buildings of the era.
The Parc converted to cooperative ownership in 1987, and it runs today as a genuinely full-service building with notably broad rules for a Carnegie Hill co-op: pets are welcome, financing is permitted to 65%, and guarantors and pied-à-terre purchases are weighed case by case rather than barred outright. For buyers, that combination — trophy Carnegie Hill location, postwar convenience, a garage, and a flexible board posture — is the heart of the building's appeal, typically at pricing below the grand pre-war cooperative tier a few doors away.
Architecture and unit composition
The Parc's roughly 129 apartments reflect 1963 postwar planning: efficient, light-filled layouts across studio, one-, two-, and three-bedroom configurations, with some combined apartments producing larger homes on the upper floors. Buildings of this vintage favor functional flow, generous casement-window light, and elevator-building convenience over the formal galleries and service wings of pre-war construction.
The 15-story height and the Madison-to-Park siting deliver strong light and, on higher floors, open outlooks across Carnegie Hill's low-rise pre-war streetscape toward the park. The attended garage and the separate service elevator are real operational advantages that distinguish The Parc from its pre-war neighbors, and the white-marble lobby sets a more polished tone than the plainer postwar towers further east.
Building operations
The Parc operates as a full-service postwar cooperative with a 24-hour doorman, a live-in resident manager, an attended garage with direct interior access, a bike room, central laundry, a landscaped rear garden, and three elevators including a dedicated service elevator. The garage-and-full-staffing combination is a meaningful convenience set for a Carnegie Hill building.
The rules are buyer-friendly by neighborhood standards. Pets are welcome. Financing is permitted up to 65% of the purchase price. Guarantors and pied-à-terre purchases are entertained on a case-by-case basis rather than prohibited. Board review follows established Carnegie Hill norms — documented financials and a primary-residence orientation among the central criteria — but the building's posture is more accommodating than much of the pre-war stock nearby.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $83,536/yr
- Per unit / month range
- $0 – $58
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 before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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.
See the full facade history →Management & transfer contacts
- Flip tax
- 2% of sale price (Seller)
- Sublet policy
- Allowed; Sublet Fee = two (2) months of maintenance
- Notable fees
- Application Fee $700; Transfer Agent Closing Fee $850 ($1100 remote); Move In/Out Fee $250 + $1250 deposit
Recent sales
Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | vs. Ask |
|---|---|---|---|---|
| Feb 2, 2026 | 5M | 1 BR · 1 BA | $760,000 | -4.4% |
| Oct 8, 2025 | 4H | 1 BR · 1 BA | $750,000 | -3.6% |
| Sep 25, 2025 | 9D | 2 BR · 2 BA | $1,639,500 | -2.9% |
| Sep 4, 2025 | 14E | 2 BR · 2 BA | $1,712,500 | -9.6% |
| Feb 11, 2025 | 4BC | 2 BR · 2 BA | $1,350,000 | -5.3% |
| Jan 30, 2025 | 5FG | 3 BR · 3 BA | $1,753,500 | -23.8% |
| Dec 3, 2024 | 5A | 1 BR · 1 BA | $675,000 | -3.4% |
| Oct 1, 2024 | 11FG | 4 BR · 3 BA | $2,900,000 | -3.2% |
Market read. $/sf is measured on the latest sales with reliable square footage (2023): a median $828/sf across 1 sale. The building has traded as recently as 2026. Median listing discount 4.4% 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 1-01499-0025) 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.
What to know if you’re buying
The location is the headline. A Carnegie Hill block between Madison and Park, steps from Central Park, the reservoir, and Museum Mile, is among the East Side's most coveted.
Postwar convenience is the differentiator. An attended in-building garage, separate service elevator, full staffing, and efficient layouts set it apart from the neighborhood's pre-war stock.
The rules are flexible. Pets are welcome, financing runs to 65%, and pied-à-terre and guarantor situations are considered case by case — accommodating for the corridor.
Pricing sits below the grand pre-war tier. The Parc offers the Carnegie Hill address at postwar-cooperative pricing.
Layouts are functional, not formal. Buyers seeking grand pre-war galleries should calibrate; The Parc's appeal is light, convenience, and location.
What to know if you’re selling
Lead with location, the garage, and the flexible rules. The Madison-to-Park block, the attended garage, pet-friendly policy, and 65% financing widen the buyer pool well beyond the typical Carnegie Hill listing.
Pricing requires line-level comparison. Floor altitude, exposure, renovation condition, and whether a parking space conveys drive value within the building.
Buyer pool is broad. Carnegie Hill draws families and professionals; The Parc additionally attracts buyers who want postwar convenience, a garage, and a building that takes pets and pieds-à-terre.
Closing timelines are co-op standard. Typically 6–10 weeks from contract to closing.
Comparable buildings
If you're considering The Parc, also evaluate:
- 12 East 87th Street — Carnegie Hill cooperative nearby
- 21 East 87th Street — Carnegie Hill elevator building
- 47 East 87th Street — Carnegie Hill cooperative on the same block
- 60 East 88th Street — Carnegie Hill cooperative nearby
- 111 East 85th Street — 1971 Upper East Side elevator building
- 35 East 85th Street — Upper East Side cooperative nearby
The neighborhood
For the full corridor — architecture, schools, 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.
Considering a move at The Parc?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Parc 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.