87 Chambers Street
87 Chambers Street, New York, NY 10007
BBL 1001497503 · BIN 1089729
- Year built
- 2015
- Type
- Condominium
- Units
- 18
- Floors
- 8
- Landmark
- In a historic district
- Pets
- Pet-friendly (pet grooming station on-site)
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2015–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,903
- Listing discount
- 2.5%
- Recorded sales
- 31
- On record
- 2015–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 87 Chambers 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.
87 Chambers Street — Reade Chambers — is a boutique Tribeca condominium designed by Selldorf Architects, one of the most respected names in contemporary New York residential design. Completed in 2015 as ground-up new construction that wraps the block to 71 Reade Street, it delivers just 18 residences within the Tribeca Historic District, in a masonry building whose loft-scaled proportions and restraint were tailored to the neighborhood's protected character.
The proposition is a rare combination in Tribeca: a small, architect-branded, full-service condominium with a genuinely deep amenity package — a 24-hour doorman and concierge, a landscaped courtyard, a roof terrace, a fitness center, a playroom — and, unusually for the neighborhood, on-site private parking. For the buyer who wants new construction with pedigree in the heart of Tribeca, this is a marquee address.
Architecture and unit composition
Selldorf's design reads as a contemporary loft building — a masonry façade with large windows and clean detailing, designed to sit comfortably in the Tribeca Historic District. The building rises eight stories and holds 18 residential condominiums ranging from one-bedrooms to four-bedrooms, including penthouses with private outdoor space, above ground-floor retail. Ten private on-site parking units are among the building's rarest features in a neighborhood where parking is scarce. Interiors carry the finish level expected of a Selldorf project at this price tier.
Building operations
Reade Chambers operates as a full-service luxury condominium: a 24-hour doorman and concierge, multiple elevators, a landscaped courtyard garden, a communal roof terrace, a fitness center, a children's playroom, a pet grooming station, private storage, a bike room, and on-site private parking. As a condominium, ownership is by deed — no board approval — with financing between buyer and lender, and pied-à-terre, investment, and subletting uses permitted under the declaration.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $7,473/yr
- Per unit / month range
- $0 – $35
- Modeled exposure split equally across 18 units (the city tax-lot count). 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).
Penalties shown are amounts DOB assessed against filings on record across 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 record last verified September 2026.
421-a Tax Abatement
- Last year of benefit
- FY2026
- Fully taxed from
- FY2027 (2026–27)
- Program
- 421-a (10-year)
The 421-a benefit has run its term. Taxes on these units have stepped up toward the full assessed amount, so the low carrying cost this building once carried is no longer available. Price from the current tax bill, and treat any comparable sale made while the abatement was still running as a different asset.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2027 runs July 1, 2026 to June 30, 2027. The benefit last appears on the 2026 assessment roll, which is what dates the end of the term.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Recent sales
Condominium pricing is read on a per-square-foot basis, and 87 Chambers trades at Tribeca's high end — architect-branded new construction with a full amenity set commands a premium well into four-figure dollars per square foot. Sponsor sales launched from roughly $1.695M, and the building's mix runs from one-bedrooms to full-floor and penthouse homes. With only 18 residences, resale volume is thin. When underwriting a purchase or a list price, capture the floor, the exposure, outdoor space, parking, and condition rather than relying on a neighborhood average. Genuinely variable figures should be confirmed at offer stage.
Recent closings 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 |
|---|---|---|---|---|---|
| Apr 23, 2026 | 2B | 3 BR · 3.5 BA · 1,935 sf | $3,650,000 | $1,886/sf | -5.8% |
| Sep 17, 2025 | 2C | 1 BR · 1.5 BA · 845 sf | $1,475,000 | $1,746/sf | -1.3% |
| Jun 18, 2025 | 4D | 2 BR · 2.5 BA · 1,585 sf | $2,800,000 | $1,767/sf | -6.5% |
| Mar 26, 2025 | 2A | 1 BR · 1.5 BA · 991 sf | $1,750,000 | $1,766/sf | +1.4% |
| Aug 30, 2023 | 3B | 3 BR · 3.5 BA · 1,935 sf | $3,860,000 | $1,995/sf | +1.8% |
| Oct 24, 2022 | 5B | 4 BR · 3.5 BA · 2,545 sf | $4,860,000 | $1,910/sf | -9.6% |
| Aug 10, 2022 | 3A | 1 BR · 1.5 BA · 991 sf | $1,675,000 | $1,690/sf | -8.2% |
| Jan 14, 2022 | 4A | 4 BR · 4.5 BA · 3,035 sf | $6,100,000 | $2,010/sf | off-mkt |
Market read. Most recent trades (2026) cleared a median $1,903/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 2.5% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Aug 20, 2015 | RU3C | $1,478,463 |
| May 24, 2013 | — | $23,167,736.61 |
| Oct 15, 2012 | — | $22,000,000 |
| Oct 31, 2007 | — | $20,750,000 |
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 1-00149-7503). 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 from recorded condo declarations and offering plans.
At the recent median sale of $2.8M (4 sales since 2024), a buyer putting 25% down would pay about $113,655 to close, or 4.1% of the price.
- Mansion tax: $35,000
- Mortgage recording tax: $40,425
- Title insurance: $12,600
- Attorneys, lender, building fees, reserves and filings: $25,630
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
This is a condominium, so the path is a purchase by deed — no board package or interview, financing set by your lender, and full flexibility for pied-à-terre, investment, and subletting use. The reasons to buy are the pedigree and the package: a Selldorf-designed, full-service building with a landscaped courtyard, roof terrace, fitness center, and on-site parking, in the Tribeca Historic District. Review the condominium's financials, reserve, and — if parking matters — the availability and terms of the on-site parking units.
What to know if you’re selling
The story is the architecture and the amenities. The Selldorf name, the full-service program, the on-site parking, and the Tribeca Historic District setting are the differentiators — and they sell to a design-literate buyer who wants new construction with provenance downtown. Pricing is apartment-specific: floor, light, outdoor space, parking, and condition drive the number. We position the building's design pedigree and amenity depth, and benchmark against the right comparable tier of boutique Tribeca condominiums.
Comparable buildings
If you're considering 87 Chambers Street, also look at these nearby Tribeca condominiums:
- 137 Duane Street — a landmarked cast-iron loft condominium
- 356 Broadway — boutique Tribeca loft condominium nearby
- 108 Leonard Street — landmark Tribeca condominium conversion
- 56 Leonard Street — Herzog & de Meuron's 2015 Tribeca condominium
More Tribeca buildings
- 86 Thomas Street — 1870 co-op
- 85 West Broadway — 2007 condominium
- 85 Worth Street — 1859 condominium
- 87 Leonard Street — 1920 condop
- 90 Franklin Street (90 Franklin Street) — 1931 condominium
- 91 Leonard Street (91 Leonard) — 2019 condominium by Skidmore, Owings & Merrill
The neighborhood
For the full corridor — architecture, transit, and pricing across Tribeca — read The Roebling Team Guide to Tribeca.
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 87 Chambers Street?
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