87 East 2nd Street
87 East 2nd Street, New York, NY 10003
BBL 1004430030 · BIN 1006092
- Year built
- 1910
- Type
- Cooperative
- Units
- 22
- Floors
- 5
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted
- Pied-à-terre
- Permitted
- Pets
- Pets permitted with conditions; species not stated
- Washer/dryer
- Permitted with conditions
- Maximum financing
- 80% of the purchase price
- Flip tax
- Tiered or formula; see fees
Every recorded sale at this building, 2005–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2023
- $1,274
- floor-adjusted, 1 sale
- Listing discount
- 0.9%
- Recorded sales
- 27
- On record
- 2005–2025
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 87 East 2nd 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.
This is a five-story 1910 apartment house on a 50-by-100-foot corner lot where First Avenue meets East 2nd Street. It has been a cooperative since 1982. In a neighborhood where most prewar co-ops are walk-ups, it has an elevator, and listing records report a live-in superintendent.
The corner position shapes the building. It has street frontage on both First Avenue and East 2nd Street rather than a single mid-block face, and the ground floor is retail on the avenue side.
The record here is clean. There is one owners' corporation and one tax lot. The corporation is market-rate, not HDFC. Share transfers between private parties run back two decades. The open questions are the ones a buyer settles at diligence: the policy stack, which comes from listing records only, and the terms of the underlying mortgage refinanced in 2021.
Architecture and unit composition
The building is a five-story masonry apartment house built under the New Law, the post-1901 tenement standard that required more light and air than the Old Law buildings around it. It covers almost the whole lot, with a building depth of 98 feet against the 100-foot lot. The Department of Finance records about 20,100 square feet of residential space and 2,500 square feet of retail.
HPD registers 22 apartments. The Department of Finance count of 27 is out of line with that and with recorded transfers. It likely reflects an older share schedule or a data error. Recorded transfers name A through E lines on floors 1 to 5, with first-floor apartments sharing the level with the storefront. Apartment sizes and layouts are not documented in public records. Listing records describe high ceilings and generously proportioned rooms. Expect a mix of one- and two-bedroom apartments typical of the period, and confirm layouts line by line.
Building operations
Management. The building is professionally managed. Operating details and the managing agent are not documented in anything we hold.
Underlying debt. The corporation has refinanced its underlying mortgage several times: in 2003, in 2012, and most recently in a 2021 consolidation of $1.2 million with a commercial bank. The 2021 original amount and 22-apartment count do not establish present leverage or rank maturity above balance. Obtain current principal, rate, amortization and maturity with the latest audited statements and capital plan.
Tax status. The building is fully taxed. The J-51 benefits that once applied were small and expired decades ago, so no benefit remains to burn off.
Commercial income. The ground-floor retail space adds income to the co-op budget. Ask how much of the budget the retail rent covers and when the retail lease expires.
Application and transaction fees
Fees below are from building management's published schedule, as of July 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
- 1% of purchase price (if sold after 2 years of ownership), 2% of purchase price (if sold within the first 2 years of ownership)
- Paid by
- Seller
Source: building management's published schedule, as of July 2026
Purchase
10 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Annual Pet FeeConditional · RecurringApplicants with pets | Paid by Buyer | When With the application | Amount 300 (If Applicable) | Refundable Not stated |
| Application Fee | Paid by Buyer | When With the application | Amount $1,000 | Refundable Non-refundable |
| Capital Fund Fee | Paid by Buyer | When With the application | Amount Equivalent to the amount of two (2) months of the units maintenance fee in connection to the unit to be purchased, as contribution to the working capital fund | Refundable Non-refundable |
| Credit Check Fee | Paid by Buyer | When With the application | Amount $20 + $20 for each addition applicant | Refundable Non-refundable |
| Move In Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
| Processing Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
| Power of Attorney | Paid by Buyer | When At closing | Amount $250 | Refundable Not stated |
| Recognition Agreement FeeConditional | Paid by Buyer | When At closing | Amount $250 if applicable | Refundable Non-refundable |
| Transfer FeePer share | Paid by Buyer | When At closing | Amount $900 plus stock transfer stamps of .05 cents per share | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When With the application | Amount $1,000 | Refundable Refundable |
Sublet
7 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Annual Pet FeeConditional · RecurringApplicants with pets | Paid by Subtenant | When With the application | Amount 300 (If Applicable) | Refundable Not stated |
| Application Fee | Paid by Subtenant | When With the application | Amount $1,000 | Refundable Non-refundable |
| Credit Check Fee | Paid by Subtenant | When With the application | Amount $20 + $20 for each addition applicant | Refundable Non-refundable |
| Move In Fee | Paid by Subtenant | When With the application | Amount $500 | Refundable Non-refundable |
| Processing Fee | Paid by Subtenant | When With the application | Amount $500 | Refundable Non-refundable |
| Monthly Sublet Fee | Paid by Shareholder | When Upon approval | Amount $100 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Subtenant | When With the application | Amount $1,000 | Refundable Refundable |
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.
Financing and purchase requirements
- Maximum financing
- 80% of the purchase priceSource: building management's published schedule, as of July 2026
- Guarantors
- PermittedSource: building management's published schedule, as of July 2026
- Co-purchasing
- PermittedSource: building management's published schedule, as of July 2026
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
- PermittedSource: building management's published schedule, as of July 2026
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of July 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of July 2026
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 statedAllowed case by caseSource: building management's published schedule, as of July 2026
- In-unit washer/dryer
- Permitted with conditionsAllowed with board approval (wet over wet)Source: building management's published schedule, as of July 2026
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Building staffing and amenities
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Bike storage, 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
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Recent sales
87 East 2nd Street trades steadily for its size. ACRIS records more than twenty share transfers since 2005, all between individual parties. Establish any price trend from identified dated comparable sales, with adjustments for size, condition and transaction terms; the transfer count alone does not show a market-wide trajectory. As a prewar co-op, it prices by room. Compare the elevator and corner exposure with specific walk-up alternatives using matched sales before assigning a premium. Apartment line and floor matter more than building average.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
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 | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Aug 20, 2025 | 4C | 1 BR · 1 BA | $1,275,000 | -1.5% | |
| Jan 30, 2024 | 2E | 2 BR · 1 BA | $1,200,000 | +0.0% | |
| Sep 6, 2023 | 3A | 2 BR · 1 BA · 950 sf | $1,210,000 | $1,274/sf | -6.6% |
| Oct 6, 2022 | 3D | 1 BR · 1 BA | $1,280,000 | +0.0% | |
| Jun 9, 2022 | 4C | 1 BR · 1 BA · 800 sf | $1,195,000 | $1,494/sf | +0.0% |
| Jul 27, 2018 | 4A | 2 BR · 950 sf | $1,257,500 | $1,324/sf | -5.1% |
| May 16, 2018 | 3A | 2 BR · 1 BA · 1,000 sf | $1,250,000 | $1,250/sf | +4.6% |
| Aug 3, 2016 | 2C | 1 BR | $950,000 | -4.9% |
Market read. $/sf is measured on the latest sales with reliable square footage (2023): a median $1,274/sf (floor-adjusted) across 1 sale. The building has traded as recently as 2025. Median listing discount 0.9% 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 1-00443-0030). 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 on co-ops is not officially recorded, figures shown are approximate.
Closed rents at 87 East 2nd Street, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 2 | $5,850 |
Also $93 per sq ft per year (3 leases that report square footage). 3 closed sublet leases, October 2023 to September 2026. Most recent lease March 2025. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at 87 East 2nd Street and nearby.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with 87 East 2nd Street and its market
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What to know if you’re buying
Get the policy stack in writing. Pets, pied-à-terre use, gifting to children and subletting are reported as permitted, but only in listing records. Ask the managing agent for the house rules, the sublet policy and any flip tax before signing.
Ask for the financials and the loan terms. The 2021 refinancing is recorded, but the reviewed material did not establish its rate and maturity. The audited statements will show reserves, the share of the budget covered by retail rent, and any assessment.
Check façade status. A five-story corner building on two street fronts has a long parapet line. Ask for the most recent Local Law 11 cycle report and any open façade work.
What to know if you’re selling
Lead with the elevator, the staffing and the corner. Those are the building's advantages over most of its East Village peers.
Have the paperwork ready. Buyers' attorneys will ask for financials, the loan terms and the flip tax, if any. Providing them early keeps the board package on schedule.
Comparable buildings
If you're considering 87 East 2nd Street, also evaluate:
- 232 East 6th Street — a six-story 1929 elevator co-op of 31 apartments in the East Village/Lower East Side Historic District
- 205 East 10th Street — a six-story, 30-apartment prewar elevator co-op off Second Avenue
- 172 East 4th Street — a 1929 East Village co-op a few blocks east
- 193 Second Avenue — a 1902 prewar co-op on the avenue
- 160 East 3rd Street — a larger 1940 co-op on East 3rd Street, converted in 1987
- 87 St. Marks Place — a 25-unit walk-up co-op assembled from three row houses
- 83 First Avenue — a six-story prewar walk-up co-op three blocks north on First Avenue, structured as a condop
More East Village buildings
- 72 East 3rd Street — 1900 condominium
- 75 First Avenue — condominium
- 83 First Avenue (347 East 5th Street) — 1900 condop
- 87 St. Marks Place — co-op
- 89 Avenue A — 1900 co-op
- 97 Avenue B — 1900 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across East Village — read The Roebling Team Guide to East Village.
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 87 East 2nd Street?
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