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Residential Income Property with Bonus Space

120 E 87TH Street R14F, Manhattan, NY 10128

For Sale
$2,250,000

Two-bedroom residence with elevated ceilings, custom finishes, and extensive building amenities in Carnegie Hill.

Property Size1,000 SF
Days on Market61

Property Features for 120 E 87TH Street R14F

General Information

Standard status Active
Size 1,000 SF
Property subtype Duplex

Taxes and HOA fees

Annual Taxes $22,872

Building Details

Building Size 1,000 SF
Year Built 1972
Listing Agency: Serhant
Listed By: Celeste la Perla Pandhi
Source: Serhant
Added: Sep 10 Changed: Nov 3 Last Checked: Nov 8 at 3:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serhant

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Investment Insights

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Residence 14F at Park Avenue Court offers a two-bedroom, two-bath layout with 14-foot ceilings, south-facing windows, white oak floors, recessed lighting, and soundproof glazing. The kitchen includes blue agate quartz, floor-to-ceiling cabinetry, Caesarstone counters, Bosch stainless steel appliances, a five-burner gas range, and a deep sink. The primary suite has a walk-in closet and en-suite bath with a soaking tub and shower, while the second bedroom includes built-ins. A washer/dryer is located in the bathroom.

An upper-level bonus area of approximately 400 square feet adds flexible space and hidden storage; it is not included in the stated 1,000 square feet. Park Avenue Court is a 17-story condominium originally built in 1972 and converted to residences in 1989, with 219 homes. Building amenities include a full-time doorman, concierge, courtyard, indoor pool, gym, yoga room, children's playroom, bicycle room, basement storage, and garage access pending availability.

The property is located at 120 E 87TH Street in New York City’s Carnegie Hill area. The Central Park Reservoir, Guggenheim, and The Met are 2 1/2 blocks away, and Whole Foods is 1 block east.

Key Highlights

  • Two‑bedroom, two‑bath residence with 14‑foot ceilings
  • Approximately 400‑square‑foot upper‑level bonus area, excluded from the stated square footage
  • Custom kitchen with Bosch appliances, five‑burner gas range, and blue agate quartz backsplash

Property Analytics

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Location Intelligence

Trade Area within ½ mile

11,123
Businesses Nearby

Demographics for 10128, NY

64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
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Market

Average Price Trend$/SF for Residential income properties in Manhattan, NY

$1,276 Jul
$727 Aug
$650 Sep
$877 Oct

Properties on Market for Residential income properties in Manhattan

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - Two-bedroom residence with elevated ceilings, custom finishes, and extensive building amenities in Carnegie Hill.
Where is this residential income property located?
The property is located at 120 E 87TH Street R14F Manhattan, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence with 14‑foot ceilings; Approximately 400‑square‑foot upper‑level bonus area, excluded from the stated square footage; Custom kitchen with Bosch appliances, five‑burner gas range, and blue agate quartz backsplash
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