87 East 2nd Street
87 East 2nd Street, New York, NY 10003
East Village
BBL 1004430030 · BIN 1006092
- Year built
- 1910
- Type
- Cooperative
- Units
- 22
- Floors
- 5
- Landmark
- No
- Flip tax
- Not documented. Confirm with the managing agent
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. Spread over 22 apartments, that is moderate leverage for a prewar co-op. The maturity date matters more than the balance, so ask for the loan terms and the most recent audited financial statements.
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.
Recent sales
87 East 2nd Street trades steadily for its size. ACRIS records more than twenty share transfers since 2005, all between individual parties. The trend has followed the East Village prewar co-op market as a whole: firm through the 2010s and flat to modestly up since 2021. As a prewar co-op, it prices by room. The elevator and the corner exposure are the main premiums over walk-up co-ops on the surrounding blocks. 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.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
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 |
|---|---|---|
| Aug 28, 2025 | 4C | $1,275,000 |
| Feb 28, 2024 | 2E | $1,200,000 |
| Sep 12, 2023 | 3A | $1,210,000 |
| Oct 11, 2022 | 3D | $1,280,000 |
| Jun 21, 2022 | 4C | $1,195,000 |
| Aug 3, 2018 | 4A | $1,257,500 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00443-0030) 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.
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.
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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 its rate and maturity are not public. 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 + NoHo buildings
- 77 Bleecker Street (Bleecker Court) — 1930 co-op
- 80 East 10th Street — 2017 condominium
- 83 First Avenue (347 East 5th Street) — 1900 condop
- 87 St. Marks Place — co-op
- 89 Avenue A — 1900 condominium
- 97 Avenue B — 1900 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across East Village + NoHo — read The Roebling Team Guide to East Village + NoHo.
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?
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