62 East 87th Street

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.

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: actual monthly costs, included services and package logistics without an attended lobby. 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.

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.

Market read. $/sf is measured on the latest sales with reliable square footage (2015): a median $1,075/sf (recorded) across 1 sale. The building has traded as recently as 2026. Median listing discount 4.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01498-0043). 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.

Price the trade you're making. Compare this Carnegie Hill location's actual prices and services with relevant alternatives rather than infer a discount from the lack of a doorman or amenities. If daily package volume, strollers, or late hours make staff essential, the avenue co-ops are the better fit; otherwise, compare current charges, reserves and likely service needs over the expected holding period.

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, an average apartment carries roughly 7 percent of the building's economics (actual share allocations come from the offering plan), 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.

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.

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