171 East 86th Street, NYC - Condo Apartments
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171 East 86th Street is a 17-story condominium located between Third and Lexington Avenues. Its gridded façade is designed to eliminate the need for interior columns, and the ground floor has 6,000 square feet of retail space that has reportedly been leased to a bank. Starting on the second floor, all half- and full-floor two- to five-bedroom units feature floor-to-ceiling windows.
Residential amenities will include a fitness center, golf simulator, and children's playroom. 171 East 86th Street rose on the former site of Papaya King, and is located near many other popular Upper East Side restaurants. It is also located near Museum Mile, 92Y, Carl Schurz Park, gourmet supermarkets, and the 86th Street Q and 4/5/6 trains.
In late August 2025, developer ZD Jasper secured a $73 million construction loan for its new tower rising at 171 East 86th Street, the former site of hot dog chain Papaya King. The 18-story tower will have about 6,000 square feet of ground-floor retail space, which has reportedly been leased to a bank, and 24 condos starting on the second floor with no more than two units per floor.
In late August 2025, developer ZD Jasper signed a $67.5 million construction loan with Madison Realty for 171 East 86th Street, its forthcoming tower on a former Papaya King site on the Upper East Side. There will be 24 condo units, with no more than two per floor, and completion is estimated for late 2026.
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