- Year built
- 1923
- Type
- Cooperative
- Units
- 15
- Floors
- 5
- Landmark
- No
- Pets
- Not publicly documented — verify with the managing agent at offer stage
- Financing
- 20 percent minimum down per listing records — verify current requirements
Carnegie Hill's market is anchored by avenue co-ops — the Park Avenue and Fifth Avenue houses with full staffs, big maintenance bills, and demanding boards — but the neighborhood's side streets hold a quieter asset class: small pre-war co-ops at townhouse scale. 62 East 87th Street is exactly that. Fifteen apartments on five floors, with an elevator, on a 26-foot lot between Park and Madison — a building closer in feel to a shared townhouse than to an apartment house, on one of Carnegie Hill's best mid-blocks, steps from the Park Avenue Synagogue and two blocks from the 86th Street express trains.
The economics follow the form. With no doorman and minimal staff, the carrying-cost structure runs leaner than the avenue alternatives, and recent trades have cleared in the mid-$700s per square foot per listing records — a substantial discount to the surrounding avenue co-ops for buyers who will trade the service layer for the address. The building converted to cooperative ownership in 1987, near the end of the conversion wave, and the city records show the building was renovated in the same year.
What a buyer gives up in staff, the building asks for in diligence. The purchase application on file shows a board process as complete as any avenue co-op's — full financial disclosure, six reference letters, credit and criminal checks, and an interview at the board's discretion. At fifteen units, every shareholder matters to the corporation's finances, and the board behaves accordingly. That is the correct lens on this building: boutique scale, real governance.
Architecture and unit composition
The building is a five-story pre-war brick apartment house holding the mid-block line between Park and Madison, with roughly 10,200 square feet of residential area across its 15 units — an average footprint consistent with one- and two-bedroom homes, roughly three to a floor. The original 1923 architect is not reliably documented in public records, and we decline to guess. Pre-war proportions at this scale — defined entry, separated kitchen, real bedrooms — renovate well, and at fifteen units the condition spread between estate and renovated product is the main pricing variable. Note that units trade infrequently here: with 15 apartments, a single year can pass without a public listing, which makes same-building comparables thin and corridor comparables essential.
Building operations
This is a self-service cooperative: no doorman, no staffed lobby — an elevator building with a central laundry room and private storage available for rent per listing records. Buyers coming from full-service buildings should price the trade consciously: materially lower monthly carry against package logistics and no staff layer. Governance and finances are documented in The Roebling Research Library — the offering plan, the purchase application, and audited financial statements for fiscal 2019 and 2020 are on file, the latter showing an underlying mortgage that your attorney should review alongside current-year statements obtained at offer stage.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 emissions caps apply. No regulatory capital pressure from this law specifically, current or 2030.
See full Local Law 97 analysis →Recent sales
Recent transfers 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 |
|---|---|---|
| Feb 6, 2026 | 5AB | $999,000 |
| Dec 28, 2022 | 1C | $1,210,000 |
| Feb 22, 2016 | 2C | $525,000 |
| Dec 6, 2007 | 3B | $630,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01498-0043) 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
Price the trade you're making. You are buying Carnegie Hill's location at a discount because there is no doorman and no amenity stack. If daily package volume, strollers, or late hours make staff essential, the avenue co-ops are the better fit; if not, the carry savings compound for years.
Prepare a full board package despite the building's size. The application on file requires complete financials, six reference letters, and credit and criminal checks — avenue-co-op rigor at boutique scale. Run the Co-op Board Qualification Calculator before offering, and budget the documented fees.
Verify the policy stack — it is thinly documented publicly. Pets, pied-à-terre, sublets, co-purchase, and guarantor posture are not reliably published for this building. We confirm each against the managing agent and the documents on file during diligence rather than relying on listing-site summaries.
Underwrite the corporation, not just the apartment. At fifteen units, each shareholder carries roughly 7 percent of the building's economics, and the co-op carries an underlying mortgage per the statements on file. Your attorney should review the current financials, reserve posture, and any planned assessments closely — small buildings amplify both good and bad stewardship.
Trade infrequency cuts both ways. Thin sales history makes pricing less precise, but it also means little direct competition when you sell. Buy the line and condition you can hold for a full cycle.
What to know if you’re selling
Market the scale as the product. Fifteen neighbors, an elevator, a quiet mid-block between Park and Madison — the pitch is privacy and carry, aimed at buyers cross-shopping townhouse floor-throughs and small Village or Carnegie Hill co-ops, not at the avenue-co-op pool.
Bridge the comparable gap deliberately. With few same-building trades, pricing rests on adjacent side-street boutique co-ops and condition-adjusted avenue comps. We build that analysis from corridor data in the Research Library rather than from the building's sparse public history.
Pre-package the board process. A complete, well-organized application moves quickly through a small board; a thin one stalls. We prepare buyers' packages against the requirements documented in the application on file to protect deal timelines.
Comparable buildings
If you're considering 62 East 87th Street, also evaluate:
- 1060 Park Avenue — the corner anchor of the same block; the full-service avenue step-up
- 12 East 87th Street (The Capitol) — the block's grand pre-war alternative off Fifth
- 21 East 87th Street — Emery Roth pre-war co-op one block west
- 47 East 87th Street — post-war full-service neighbor across the street
- 60 East 88th Street — the equivalent mid-block position one street north
- 64 East 86th Street — the larger pre-war alternative one block south
- 17 East 89th Street — Carnegie Hill side-street pre-war co-op
- 131 East 93rd Street — boutique-scale Carnegie Hill co-op comparison at the neighborhood's northern end
The Roebling Team at 62 East 87th Street
The Roebling Team at Compass works Carnegie Hill and the broader Upper East Side co-op market as a core practice area. We publish this building profile because buyers and sellers at boutique co-ops like 62 East 87th Street deserve building-specific intelligence — board-package requirements from the documents on file, corporation-level financial context, and honest corridor comparables — not generic neighborhood commentary.
If you're considering a transaction at 62 East 87th Street, a 30-minute consultation is the right starting point.