Townhouse Apartment
For Sale
Contact for pricing
Pending
331 West 87th st, New York, NY 10024
5-story townhouse currently configured as six rental apartments, including rent-controlled and rent-stabilized units.
Property SizeContact for details
Days on Market117
Property Features for 331 West 87th st
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Business Included
Yes
Multifamily Units
6
Building Details
Year Built
1892
Stories
5
Tenancy
Multi
Listing Agency:
JLL
(212) 812-5700
Listed By:
Stephen Palmese · License #NY 10301208655
Source:
Crexi
Added: Apr 10
Changed: Jul 21
Last Checked: Aug 2 at 7:55AM
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 JLL
Investment Insights
Based on property information with market context.
331 West 87th Street is a 5-story Renaissance Revival townhouse originally constructed in 1892 and currently configured as six rental apartments. The building includes a mix of studio apartments and two floor-through one-bedroom units. The parlor floor has been renovated for prior ownership use and features original details, ample natural light, and access to the garden via a large terrace. Much of the original architectural character remains, including fireplaces with mantels, wood floors, an intricate staircase, wainscoting, and tall ceilings. The center hall is topped by an ornate skylight, and additional skylights are present in several apartment bathrooms.
The property is heated by a #2 oil-fired boiler and is individually metered for electric. It is located within the West End Avenue–Riverside Historic District.
The building includes approximately 4,980 SF of additional air rights, and with Landmark & Preservation Commission approval, it may be possible to utilize a portion of the excess air rights by building out the remainder of the 5th floor and/or adding to the rear of the house.
The property is heated by a #2 oil-fired boiler and is individually metered for electric. It is located within the West End Avenue–Riverside Historic District.
The building includes approximately 4,980 SF of additional air rights, and with Landmark & Preservation Commission approval, it may be possible to utilize a portion of the excess air rights by building out the remainder of the 5th floor and/or adding to the rear of the house.
Key Highlights
- 5‑story Renaissance Revival townhouse (built 1892) currently configured as 6 rental apartments: 1 rent‑controlled, 4 rent‑stabilized, 1 free market
- Apartment mix includes 5 studios and 2 floor‑through 1‑bedroom apartments
- Original details throughout: fireplaces with mantels, wood floors, intricate staircase, wainscoting, and tall ceilings; center hall topped by an ornate skylight
Property Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
9,445
Businesses Nearby
Explore this area
Business Placement
Demographics for 10024, NY
62,250
Population
36,723
Households
1.7
Avg Household Size
43
Median Age
84%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
69,167
Density / Sq Mi
$182,614
Median Household Income
$117,078
Median Earnings
$2,965
Median Rent
$1,746,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 5-story townhouse currently configured as six rental apartments, including rent-controlled and rent-stabilized units.
Where is this apartment building located?
The property is located at 331 West 87th st New York, NY.
What are key features of this property?
This property features: 5‑story Renaissance Revival townhouse (built 1892) currently configured as 6 rental apartments: 1 rent‑controlled, 4 rent‑stabilized, 1 free market; Apartment mix includes 5 studios and 2 floor‑through 1‑bedroom apartments; Original details throughout: fireplaces with mantels, wood floors, intricate staircase, wainscoting, and tall ceilings; center hall topped by an ornate skylight
