Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

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115 W 87TH Street

Pending · Listing by Corcoran Group

115 W 87TH Street

Upper West Side, Manhattan

$4,500,000

Pending For Sale • Multi Family

$4,500,000

$952 per sq ft

115 W 87TH Street

Upper West Side, Manhattan

MLS® #RLS20076086

RLS at REBNY

Listing by Corcoran Group

8
Bedrooms
6.5
Baths
4,725
Sq. Ft.
1884
Year Built

Quick Summary

Bedrooms 8
Bathrooms 7 full, 1 half
Living Area 4,725 sq ft
Lot Size 1,678.17 sq ft
Year Built 1884
Ownership None
Property Taxes $40,680/yr
Neighborhood Upper West Side
Floor 1 of 4

Property Highlights

  • Views: Other
  • Outdoor Space: Patio
  • Fireplace: 1 fireplace

Property Details

Type Multi Family
Ownership None
Total Rooms 14
Baths 6 Full, 1 Half
Floor 1 of 4
View Other
Pets Yes
Year Built 1884
Living Area 4,725 sq ft
Structure Type Townhouse
Basement Other
Lot Size 1,678.17 sq ft
Parcel # 1218-0027
Block/Lot 01218/0027

Listing History

Event Date Price Change
Listed Mar 10, 2026 $4,750,000 -
Currently Oct 11, 2026 $4,500,000 -5.3%

Description

Nestled on a picturesque, tree-lined block in the heart of the Upper West Side, 115 West 87th Street presents a rare opportunity to own a charming four-family townhouse. This property features an expansive owner's garden level simplex with a private patio and three additional free market tenant-occupied units which can be delivered vacant or with tenants in place, making it an ideal investment for savvy buyers. The owner's simplex spans the garden level and boasts a bright and spacious layout with two bedrooms and two baths. Southern exposure ensures an abundance of natural light, highlighting the elegant street views of neighboring brownstones. This unit is thoughtfully designed with a renovated eat-in kitchen with stainless steel appliances, including a dishwasher, and ample cabinet space. It leads out into a tranquil private garden. Units 1, 2 and 3, located on the second - fourth floors, are all two-bedroom apartments currently rented out. These units also benefit from southern exposure, filling the spaces with natural light and offering beautiful street views. They feature decorative fireplaces, exposed brick walls, and ample closet space, providing a cozy and inviting atmosphere. The building has been meticulously maintained and has seen several recent upgrades, including a new boiler, a completely replaced roof, and refinished floors. Whether you are seeking an income-generating property or the potential to convert this townhouse into a single-family home, 115 West 87th Street offers unparalleled possibilities. Seize this unique opportunity to own a piece of the Upper West Side's historic charm.

Features & Amenities

Interior Features

High Ceilings Smoke Free Building Other Washer Hookup In Unit Fireplace (1)

Exterior Features

Private Outdoor Space Over60 Sqft Patio

Building Amenities

Green Building

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 4
Stories 4
Structure Townhouse

Financial Details

RE Taxes $40,680/yr ($3,390/mo)
Original Price $4,750,000
Previous Price $4,750,000

The Upper West Side (UWS) is celebrated for its cultural richness and architectural grandeur. Set between Central Park and Riverside Park, the neighborhood provides direct access to green space within the urban grid. Residents enjoy easy access to Lincoln Center, the American Museum of Natural History, and a popular culinary scene. The real estate landscape is famous for its historic brownstones and iconic 'white-glove' apartment buildings along Central Park West and Riverside Drive.

Upper West Side Live Market Data

View Neighborhood

Active Listings

550

Median Asking Price

$1.50M

Median $/Sqft

$1,376

Avg Days on Market

N/A

New This Week

31

Price Reduced

21%

Sold (30 Days)

65

Median Sale Price

$1.44M

Live data from RLS at REBNY • Updated 10/11/26, 4:29 AM EST

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Location

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115 W 87TH Street, Upper West Side, New York County

Floor Plans

Floor Plan 1
Floor Plan 2

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: $80,220
Land Value: $20,940
Exemptions: $4,130

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

Lot Area: 2,625 SF
Building Area: 1,472 SF
Built FAR: 0.56
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 annual property tax is $40,680, or roughly $3,390 per month. Verify the current assessment with your attorney before closing.

This property has 8 bedrooms and 6 full bathrooms and 1 half bathroom.

The listed interior living area is 4,725 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1884, making it approximately 142 years old.

This listing is None

Pets are permitted at this property: Yes,Building Pets Allowed Comments:Yes. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $4,500,000 for 4,725 sq ft, the asking price per square foot is approximately $952. 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 milton@miltoncoste.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: RLS20076086
First Listed: 3/10/2026
On Market: 3/10/2026
Price Changed: 8/17/2026
Pending Since: 8/17/2026
Contract Date: 3/10/2026

Listing Courtesy of Corcoran Group - Ben Garama

Listing Contact: (347) 524-6934

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.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/11/2026 at 8:29 AM UTC

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Upper West Side Market Update

65 sales last 30 days · $1.50M median · 8.5 months supply

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Quick Facts

Status Pending
Type Multi Family Neighborhood Upper West Side Borough Manhattan
County New York
Floor 1 of 4
Year Built 1884
First Listed 3/10/2026
Living Area 4,725 sqft
Annual Tax $40,680

Monthly Costs Estimate

Down Payment 20%

$900,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $3,390
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $3M to $4,999,999 at 1.50%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$67,500

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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