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
- About 129
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Pied-à-terre
- Permitted with conditions
- Pets
- Pets permitted with conditions; species not stated
- Flip tax
- 2% of the purchase price, paid by the seller
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2023–2025
- $1.7M
- 6 qualifying sales
- Recent range
- $675K – $3.2M
- Listing discount
- 4.4%
- Recorded transfers
- 113
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.
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 offers specific features to compare with prewar alternatives: an attended in-building garage with direct interior access, three elevators with separate service circulation, and efficient light-driven postwar layouts. 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.
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.
- Terms
- 2% of Sale Price
- Rate
- 2% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of October 2026
Purchase
15 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Additional Applicant or Guarantor FeePer applicantPaid to management | Paid by Buyer | When With the application | Amount $200 per Applicant/Guarantor | Refundable Not stated |
| Application FeePaid to management | Paid by Buyer | When With the application | Amount $700 | Refundable Non-refundable |
| Credit Report FeePer applicantPaid to management | Paid by Buyer | When With the application | Amount $125 per applicant | Refundable Non-refundable |
| Credit Rerun FeeConditionalPaid to management | Paid by Buyer | When With the application | Amount 125 (If applicable) | Refundable Not stated |
| Expedited FeeConditionalPaid to management | Paid by Buyer | When With the application | Amount 500 ( If Applicable ) | Refundable Not stated |
| Financing FeeConditionalPaid to management | Paid by Buyer | When With the application | Amount 400 (If Financing) | Refundable Not stated |
| Incomplete Application FeeConditionalPaid to management | Paid by Buyer | When With the application | Amount 150 (If applicable) | Refundable Not stated |
| LL58 Compliance FeePaid to management | Paid by Buyer | When With the application | Amount $500 | Refundable Not stated |
| Move In FeePaid to the building | Paid by Buyer | When With the application | Amount $250 | Refundable Not stated |
| Transfer Agent Closing FeePaid to management | Paid by Buyer | When With the application | Amount $850 | Refundable Not stated |
| Transfer Agent Closing FeeConditionalConditions: Closing remotelyPaid to management | Paid by Buyer | When With the application | Amount 1100 (closing remotely) | Refundable Not stated |
| Move Out FeePaid to the building | Paid by Shareholder | When With the application | Amount $250 | Refundable Not stated |
| Monthly Maintenance ChargeConditionalConditions: If closing takes place after the 10th of the monthPaid to the building | Paid by Buyer | When At closing | Amount Equal to common charges and Charges up to the time of closing | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In DepositPaid to the building | Paid by Buyer | When With the application | Amount $1,250 | Refundable Refundable |
| Move Out DepositPaid to the building | Paid by Shareholder | When With the application | Amount $1,250 | Refundable Refundable |
Sublet
15 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out FeePaid to the building | Paid by Shareholder | When With the application | Amount $250 | Refundable Not stated |
| Additional Applicant or Guarantor FeePer applicantPaid to management | Paid by Subtenant | When With the application | Amount $200 per Applicant/Guarantor | Refundable Not stated |
| Application FeePaid to management | Paid by Subtenant | When With the application | Amount $650 | Refundable Non-refundable |
| Credit Report FeePer applicantPaid to management | Paid by Subtenant | When With the application | Amount $125 per applicant | Refundable Non-refundable |
| Credit Rerun FeePaid to management | Paid by Subtenant | When With the application | Amount $125 | Refundable Not stated |
| Expedited FeePaid to management | Paid by Subtenant | When With the application | Amount $500 | Refundable Not stated |
| Incomplete Application FeePaid to management | Paid by Subtenant | When With the application | Amount $150 | Refundable Not stated |
| Move In FeePaid to the building | Paid by Tenant | When With the application | Amount $250 | Refundable Not stated |
| Sublet FeePaid to the building | Paid by Shareholder | When Upon approval | Amount Two (2) Months of Maintenance | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out DepositPaid to the building | Paid by Shareholder | When With the application | Amount $1,250 | Refundable Refundable |
| Move In DepositPaid to the building | Paid by Tenant | When With the application | Amount $1,250 | Refundable Refundable |
Sublet renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Additional Applicant or Guarantor FeePer applicantPaid to management | Paid by Subtenant | When With the application | Amount $200 per Applicant/Guarantor | Refundable Not stated |
| Expedited FeePaid to management | Paid by Subtenant | When With the application | Amount $500 | Refundable Not stated |
| Incomplete Application FeePaid to management | Paid by Subtenant | When With the application | Amount $150 | Refundable Not stated |
| Lease Renewal FeePaid to management | Paid by Subtenant | When With the application | Amount $250 | Refundable Not stated |
Refinance
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Credit Report FeePer applicantPaid to management | Paid by Buyer | When With the application | Amount $125 - per applicant | Refundable Non-refundable |
| Expedited FeePaid to management | Paid by Shareholder | When With the application | Amount $500 | Refundable Not stated |
| Incomplete Application FeePaid to management | Paid by Shareholder | When With the application | Amount $150 | Refundable Not stated |
| Refinance Application FeePaid to management | Paid by Shareholder | When With the application | Amount $400 | Refundable Not stated |
Alteration
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeePaid to management | Paid by Resident | When Upon approval | Amount $250 for type I, $1000 for type II, and $2500 for type III | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Security DepositPaid to the building | Paid by Resident | When Upon approval | Amount $1000 for Type I, $3000 for Type II & III | Refundable Refundable |
Ownership transfer
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Credit Report FeePer applicantPaid to management | Paid by Buyer | When With the application | Amount $125 per applicant | Refundable Non-refundable |
| Estate TransferConditionalPaid to management | Paid by Buyer | When With the application | Amount $250 if applicable | Refundable Not stated |
| LL58 Compliance FeePaid to management | Paid by Buyer | When With the application | Amount $500 | Refundable Not stated |
| Name change/spouse add/removalConditionalPaid to management | Paid by Buyer | When With the application | Amount $250 if applicable | Refundable Not stated |
| Transfer into a TrustConditionalPaid to management | Paid by Buyer | When With the application | Amount $500 if applicable | Refundable Not stated |
| Transfer to a Family Member and a Third PartyConditionalPaid to management | Paid by Buyer | When With the application | Amount $500 if applicable | Refundable Not stated |
| Closing Fee for all TransfersPaid to management | Paid by Buyer | When At closing | Amount $850 | 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.
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
- Not verified
- Pied-à-terre ownership
- Permitted with conditionsCase by case, board discretionSource: The Roebling Team's building profile
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 with conditions; species not statedPets are welcome. Pets are welcome, financing runs to 65%, and pied-à-terre and guarantor situations are considered case by case — accommodating for the corridor.Source: The Roebling Team's building profile
- 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
- Maintenance, per room
- $616 per room a monthMedian of 9 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
- Garden, garage, bike storage, laundry roomSource: 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. 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
- $113,920/yr
- Per unit / month range
- $0 – $79
- Modeled exposure split equally across 120 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 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).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Management & transfer contacts
- Flip tax
- 2% of sale price (Seller)
- Sublet policy
- Allowed; Sublet Fee = two (2) months of maintenance
- Policies and 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, 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 | vs. Ask |
|---|---|---|---|---|
| Jul 29, 2026 | 4JK | 3 BR · 3 BA | $3,200,000 | -1.5% |
| 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% |
Market read. $/sf is measured on the latest sales with reliable square footage (2023): a median $828/sf (floor-adjusted) 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). 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at The Parc and nearby.
At the recent median sale of $1.49M (8 transfers in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $29,103 to close, or 1.9% of the price.
- Mansion tax: $14,948
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $14,155
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with The Parc and its market
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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.
Compare prices with specific prewar alternatives. The Parc offers the Carnegie Hill address with prices to establish from dated matched sales.
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
More Upper East Side buildings
- 55 East 76th Street — 1883 co-op
- 55 East 86th Street — 1924 condominium
- The Alamo, 55 East 93rd Street — 1899 condominium
- 56 East 87th Street — 1923 co-op
- 58 East 96th Street — 1929 co-op
- 60 East 86th Street — 2014 condominium by Thomas Juul-Hansen
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 The Parc?
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