407 East 87th Street

407 East 87th Street is a Co-op located in Yorkville, New York. The building was first built in 1920 and is 104 years old. It was first renovated and altered in 1982. The lot that the building was built on is 25 feet wide and 101 feet long. The official lot area is listed as 2,517 square feet. The building itself is 25 feet wide and 66 feet long. In total, 407 East 87th Street has a total floor area of 8,590 square feet. Of that, 8,590 square feet are used for residential purposes. There are a total of 20 units. Of those, 20 are residential units. 407 East 87th Street has a total of 5 floors.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. There are 21 closings on record, of which we have matching data for 5 listings. In the past 3 years, a listing in this building will typically remain on the market for about 114 days The transaction that took the longest to complete was unit 1A, listed on Nov 29, 2021 for $275,000. This particular unit ultimately sold 274 days later for $304,362. The most recent transaction was for unit A, which was first advertised on Jan 03, 2023, sold for $292,248 on May 24, 2023. Fun fact, the oldest transaction we have on record took place on Jun 05, 1968. See the full transaction history for 407 East 87th Street below.

Yorkville, where 407 East 87th Street is located, has a median asking price of $945,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $270,000. For interested buyers, that means the building's median asking price is around 0.71% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $265,000. It is a studio-bedroom and 1-bathroom unit.