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This large, pale-gray-brick cooperative apartment building has a prime Carnegie Hill location near cultural institutions, schools, and religious centers. Built in 1947 with 61 apartments, it features terraces, corner windows, and a doorman, and is close to Central Park, the Guggenheim Museum, and various shopping and dining options.
Built in 1947, 47 East 87th Street is a 15 story, pale gray brick co-op at the corner of Madison Avenue in Carnegie Hill. The Art Deco building contains 61 apartments across three units per floor, offering a sense of privacy uncommon in larger buildings. Its ground floor retail space on Madison Avenue houses a Food Emporium supermarket, and the building sits directly across from the Park Avenue Synagogue, one block from Central Park and two blocks from the Guggenheim Museum. The location provides easy access to Museum Mile, excellent public transportation via the express subway at Lexington Avenue and 86th Street, and proximity to elite schools including PS-6, Dalton, and Ramaz.
Apartments feature a mix of original and extensively renovated layouts, with many units showcasing herringbone hardwood floors, high 9 foot ceilings, and oversized windows. Renovated units often include custom Italian kitchens with high end appliances from Sub-Zero, Wolf, and Gaggenau, along with spa quality bathrooms finished in Ann Sacks and Waterworks marble with heated floors. Many apartments have in-unit washer/dryers, and corner units offer multiple exposures with abundant natural light. Higher floor units, particularly on the 14th floor, feature private terraces with sweeping city views. Common apartment attributes include decorative fireplaces, through wall air conditioning, and generous closet space, with storage lockers transferring with most units.
The building operates as a white glove, full service co-op with a 24 hour doorman, live-in superintendent, fitness center, bike room, and is pet friendly. The co-op permits pied-à-terre ownership, co-purchasing, and guarantors with board approval, while allowing up to 50% financing. A 2% flip tax paid by the purchaser applies to all sales. Subletting is considered on a case by case basis. One former resident of note was a Director of Education at the Museum of Modern Art and curator of Nikon House Gallery, reflecting the building's appeal to the cultural community drawn to its Museum Mile location.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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