Park Towers

Park Towers is a Co-op located 47 East 87th Street, in Carnegie Hill, New York. The building was first built in 1948 and is 76 years old. It was first renovated and altered in 1988. The lot that the building was built on is 101 feet wide and 113 feet long. The official lot area is listed as 11,300 square feet. The building itself is 98 feet wide and 111 feet long. In total, 47 East 87th Street has a total floor area of 116,190 square feet. Of that, 111,190 square feet are used for residential purposes. About 5,000 square feet of the building are used for commercial purposes. There are a total of 62 units. Of those, 61 are residential units. There is one commercial unit. 47 East 87th Street has a total of 15 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. Love to bike? Store your bike in the building's bike storage rather than your own apartment. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 42 closings on record, of which we have matching data for 11 listings. In the past 3 years, a listing in this building will typically remain on the market for about 182 days Meaning, listings tend to sell at a median of $1,337 price per square foot. The transaction that took the longest to complete was unit 9B, listed on Sep 15, 2020 for $1,250,000. This particular unit ultimately sold 289 days later for $999,000. The most recent transaction was for unit 3E, which was first advertised on Sep 06, 2023, sold for $810,920 on Jan 04, 2024. Fun fact, the oldest transaction we have on record took place on Oct 26, 2004. See the full transaction history for Park Towers below.

Carnegie Hill, where 47 East 87th Street is located, has a median asking price of $942,500 for co-op buildings. Meanwhile, the building itself has a median asking price of $1,800,000. For interested buyers, that means the building's median asking price is around 0.91% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $1,700,000. It is a 2 bedroom and 3 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $1,290,000. It is a 1,100 sqft 1 bedroom and 1 bathroom unit. A breakdown of active listings shows 1 one-bedroom, 1 two-bedroom, units for sale! The median price of all the active units for sale in the building is $1,495,000. Collectively, the median square footage of these active units for sale is 550 sqft. Active units for sale at 47 East 87th Street are mostly 1.5-bedroom apartments Active units for sale at 47 East 87th Street have a median count of 1.5 bedrooms and have a median count of 2 bathrooms.