Multifamily Building with Rear
For Sale
$7,250,000
8 W 87TH St, New York, NY 10024
Mostly vacant multifamily property with 10 units, flexible layouts, rear terraces, and garden-level living space.
Property Size1,840 SF
Days on Market204
Property Features for 8 W 87TH St
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Central Park
Taxes and HOA fees
Annual Taxes
$85,452
Building Details
Building Size
1,840 SF
Year Built
1900
Stories
5
Units
7
Listing Agency:
575 Madison Ave
Listed By:
Steven Kramer · License #10301219237
(212) 303-5314
Source:
Elliman
Added: Apr 11
Changed: Oct 30
Last Checked: Oct 30 at 3:05PM
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 575 Madison Ave
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1898, this multifamily property contains 10 units across approximately 7,105 usable square feet, with 8 units currently vacant. The existing configuration includes generously sized residences with high ceilings, natural light, rear terraces on the second and fourth floors, and a garden-level unit with potential to connect to the lower level. Private rear garden access and Southern light exposure add to the building’s physical features.
The property is located at 8 W 87th St in New York, steps from Central Park, with 20' of frontage on the south side of the block. The owner has obtained a Certification of No Harassment from HPD and filed DOB plans for a seven-unit configuration that includes full-floor residences, studios, a duplexed basement, and a private rear garden. Available air rights and filed plans provide additional flexibility for an investor, converter, or user.
The property is located at 8 W 87th St in New York, steps from Central Park, with 20' of frontage on the south side of the block. The owner has obtained a Certification of No Harassment from HPD and filed DOB plans for a seven-unit configuration that includes full-floor residences, studios, a duplexed basement, and a private rear garden. Available air rights and filed plans provide additional flexibility for an investor, converter, or user.
Key Highlights
- 1898‑built multifamily building with 10 units, including 8 currently vacant
- Approximately 7,105 usable square feet
- Rear terraces on the second and fourth floors
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
10,836
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Mostly vacant multifamily property with 10 units, flexible layouts, rear terraces, and garden-level living space.
Where is this apartment building located?
The property is located at 8 W 87TH St New York, NY.
What is the asking price?
The asking price for this property is $7,250,000.
What are key features of this property?
This property features: 1898‑built multifamily building with 10 units, including 8 currently vacant; Approximately 7,105 usable square feet; Rear terraces on the second and fourth floors
