Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $718,000

· Closed March 26, 2023

55 E 87TH Street #5M
Closed For Sale Co-op

$718,000

$835 per sq ft

55 E 87TH Street #5M

Upper East Side, Manhattan

The Parc

MLS® #RLS10847572

RLS at REBNY

Listing by Douglas Elliman Real Estate

1

Bedroom

1

Bath

860

Sq. Ft.

1963

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 860 sq ft
Year Built 1963
Ownership Co-op
Maintenance $1,629/mo
Parking Garage
Neighborhood Upper East Side
Floor 5 of 15

Property Highlights

  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 5 of 15
Pets Yes
Cross Street MADISON AVENUE and PARK AVENUE
Year Built 1963
Living Area 860 sq ft
Parking Garage Available
Parcel # 1499-0025-00055-000-000005M

Listing History

Event Date Price Change
Listed Sep 23, 2022 $795,000 -
Price Reduced May 15, 2023 $750,000 -5.7%
Currently May 3, 2026 $718,000 -4.3%

Description

Generous one-bedroom apartment in a premier full-service co-op building and prime Upper East Side location! You'll love coming home to this beautiful oversized gem at the luxurious, The Parc in coveted Carnegie Hill close to Central Park. A gracious foyer with a big closet welcomes you inside. Beyond, the elegant and expansive living room makes a perfect setting for relaxing and hosting guests, brightened by large picture windows facing north. Lovely wood floors, classic moldings and millwork, and a stately fireplace enrich the warm, inviting ambience. An open dining area sits conveniently off the separate modern kitchen appointed with ample white cabinetry, black granite counters, stainless steel appliances, and chic black and white checkered floor tiles. The bedroom is comfortable and spacious, with great closets and plenty of room for a king-size bed plus additional furniture. Nearby is a full bathroom in the hall as well as a fabulous walk-in closet. Built in 1963 and converted to an upscale cooperative in 1987, The Parc at 55 East 87th Street sits off Madison Avenue in a sought-after locale right near Central Park. The Metropolitan Museum of Art, Guggenheim Museum, fine shops, restaurants and other notable NYC attractions are all just minutes away. This very well-maintained, 14-story elevator building offers residents a tasteful lobby, professional staff including a 24-hour doorman and live-in super, as well as an onsite garage, central laundry room, bike storage, a service elevator and 24-hour security monitoring. Pets are allowed with board approval.

Building Information

Financial Details

Maintenance $1,629/mo
Original Price $795,000
Sale Price $718,000
Previous Price $750,000

The Upper East Side remains the gold standard for classic New York elegance. Known for 'Museum Mile' and its low-traffic, tree-lined streets, the neighborhood offers a refined lifestyle away from the midtown bustle. While famous for its historic cooperatives, the area has seen a recent surge in ultra-luxury new construction condos, particularly along the Second Avenue Subway corridor, making it a top choice for both traditionalists and modern buyers.

Upper East Side Live Market Data

View Neighborhood

Active Listings

338

Median Asking Price

$1.67M

Median $/Sqft

$1,534

Avg Days on Market

N/A

New This Week

29

Price Reduced

30%

Sold (30 Days)

36

Median Sale Price

$1.53M

Live data from RLS at REBNY • Updated 5/3/26, 2:54 AM EST

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Location

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55 E 87TH Street #5M, Upper East Side, New York County • Near MADISON AVENUE and PARK AVENUE

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1925
Year Built
101 years old
2
Floors
1
Residential Units
R3-1
Zoning District
One Family Dwellings

Tax & Assessment

Assessed Value: $85,080
Land Value: $19,800
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 3,150 SF
Building Area: 1,604 SF
Built FAR: 0.51
Allowed FAR: 0.75

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $1,629 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 860 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1963, making it approximately 63 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $718,000 for 860 sq ft, the asking price per square foot is approximately $835. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10847572
First Listed: 9/23/2022
Price Changed: 5/15/2023
Closed: 3/26/2023
Contract Date: 9/23/2022

Listing Courtesy of Douglas Elliman Real Estate - Patricia Vance

Listing Contact: (917) 579-4016

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/3/2026 at 6:54 AM UTC

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