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Map


227 E 87th Street #4A
About This Property
Just a half block from Whole Foods and moments from the 2nd Avenue Q train (86th Street) and 4,5,6 train at 86th street and Lexington. A short distance from Central Park, Carl Schurz Park and an abundance of restaurants and prime retail.
227 East 87th Street is a financially sound and beautifully maintained boutique walk-up cooperative including recently renovated hallways, part-time superintendent and card operated laundry room. Subletting after 2 years of residence. Sorry, No Pets.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 29, 2021 | Sold to Michael S Chester, Mary-ann... | ||
Sold to Michael S Chester, Mary-ann... | |||
Jun 6, 2021 | In contract | - | |
In contract | |||
May 21, 2021 | Price Decreased |
$275,000
↓ $175K
(38.9%) | |
Price Decreased | |||
Apr 20, 2021 | Listed by Compass | $450,000 | |
Listed by Compass | |||
Jan 11, 2016 | No longer available | - | |
No longer available |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/20/2023
|
1 Bed
|
1 Bath
|
-
|
$499,000
1 Bed
1 Bath
|
$525,000
+5.21%
07/17/2023
|
Caitlin Pearlman
Compass
| ||
04/05/2022
|
1 Bed
|
1 Bath
|
-
|
$499,000
1 Bed
1 Bath
|
$525,000
+5.21%
07/22/2022
|
Sarah Kruse
Corcoran Group
| ||
04/20/2021
|
Studio
|
1 Bath
|
-
|
$450,000
Studio
1 Bath
|
$440,000
-2.22%
10/29/2021
|
Jesse Feldman
Compass
| ||
04/02/2021
|
Studio
|
1 Bath
|
-
|
$525,000
Studio
1 Bath
|
$520,000
-0.95%
10/14/2021
|
Sarah Kruse
Corcoran Group
| ||
11/27/2018
|
1 Bed
|
1 Bath
|
-
|
$425,000
1 Bed
1 Bath
|
$425,000
03/27/2019
|
Jesse Feldman
Compass
| ||
05/25/2017
|
1 Bed
|
1 Bath
|
550 ft²
|
$469,000
1 Bed
1 Bath
550 ft²
|
$492,500
+5.01%
08/24/2017
|
Benjamin Strat
Keller Williams NYC
| ||
04/11/2017
|
1 Bed
|
1 Bath
|
575 ft²
|
$475,000
1 Bed
1 Bath
575 ft²
|
$486,000
+2.32%
08/07/2017
|
Frank Seegitz
Corcoran Group
| ||
10/14/2016
|
Studio
|
1 Bath
|
320 ft²
|
$330,000
Studio
1 Bath
320 ft²
|
$330,000
02/21/2017
|
Sofia Dmitriyeva
Citi Habitats, Inc.
| ||
08/02/2016
|
Studio
|
1 Bath
|
-
|
$275,000
Studio
1 Bath
|
$280,000
+1.82%
11/15/2016
|
Sofia Dmitriyeva
Citi Habitats, Inc.
| ||
06/08/2016
|
1 Bed
|
1 Bath
|
550 ft²
|
$429,000
1 Bed
1 Bath
550 ft²
|
$425,000
-0.93%
06/27/2017
|
-
|
Robert Falcone
Prudential Douglas Elliman Real Estate
| |
08/17/2015
|
Studio
|
1 Bath
|
-
|
$415,000
Studio
1 Bath
|
$415,000
01/11/2016
|
Matthew Cohen
CORE Group Marketing LLC
| ||
04/30/2015
|
Studio
|
1 Bath
|
-
|
$450,000
Studio
1 Bath
|
$450,000
10/01/2015
|
Rosy Klein
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
04/09/2015
|
1 Bed
|
1 Bath
|
550 ft²
|
$499,000
1 Bed
1 Bath
550 ft²
|
-
-
|
-
|
Elizabeth Hamersley
Prudential Douglas Elliman Real Estate
| |
02/13/2015
|
2 Bed
|
2 Bath
|
-
|
$605,000
2 Bed
2 Bath
|
$605,000
05/28/2015
|
- Private -
|
Edward Herson
Halstead dba Brown Harris Stevens Residential Sales LLC
|
Building Info
