346 West 87TH Street, New York City, NY 10024
Listing Courtesy of Douglas Elliman Real Estate
$4,500,000
Potential Rebate: $67,500
Overview
<p>Magnificent 20 x 100 Brownstone situated in the coveted Upper West Side landmark district on a picturesque, tree-lined block just off Riverside Park. A rare opportunity to enter the prime Manhattan market at an exceptional price, this property seamlessly combines classic architectural details with excellent income potential, located at 346 West 87th Street, New York, NY 10024.</p> <p>Enjoy Owner occupancy with strong income, or add this prime Upper West Side property to your investment portfolio, the building is investor-ready with tenants in place, or may be delivered vacant to transform into a truly exceptional property with an additional 5516 Sf of unused FAR! </p> <p>Unit breakdown - 10 units currently configured into 9 units: 6 loft-like market-rate apartments with no rent restrictions and 3 rent-stabilized units of which 2 are owner-occupied and 1 vacant. Charming layouts feature high ceilings, decorative fireplaces and bonus lofts convenient for guests, storage, or home office usage, plus a spaciously combined 2-bedroom 2-bath Owners Residence with expansive private backyard. </p> <p>Experience prime Upper West living and ultimate convenience with immediate access to some of the finest restaurants, cafes, and shopping in the city, stunning parks, and easy public transportation with major subway lines and bus routes just outside your door, this hidden gem is priced to sell.</p> <p>Brochure upon Request. Shown by appointment only. 24- hours notice required. </p> <p>Note: Some photos are virtually staged.</p>
Home Features
- •In Unit
- •Private Outdoor Space Over 60 Sqft
- •Smoke Free
Estimated Monthly Payment
$29,042 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$67,500
Monthly savings impact
$188/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Douglas Elliman Real Estate
Data Source: TRESTLE #RLS20008168
Price Analysis
Compare average listing prices and value metrics for 346 West 87TH Street against the surrounding Upper West Side market.
Average List Price
Price Per SqFt
91.51% Higher
than the Upper West Side price-per-sq-ft average
This building commands a premium compared to the neighborhood baseline. This typically indicates superior amenities, newer construction, or prime positioning within Upper West Side.
Upper West Side
Overview of Upper West Side
The Upper West Side (UWS) is the intellectual and cultural counterpoint to the East Side. Sandwiched between Central Park and Riverside Park, it is known for its brownstones, protected historic districts, and artistic legacy. For buyers seeking Upper West Side Manhattan real estate, it offers a relaxed, leafy, and quintessentially "New York" vibe.
Living in the Upper West Side feels like living in a movie. The streets are wide and lined with trees. As a beloved Manhattan NYC neighborhood, it attracts writers, actors, and families who value space, parks, and Zabar's.
Real Estate & Housing Market
The market for homes for sale in the Upper West Side is robust. It is famous for its pre-war co-ops along Central Park West and Riverside Drive, and its miles of brownstone blocks in between. Newer condos have risen in the low 60s and along Columbus Avenue.
It is a high-demand market because the housing stock is beautiful and protected. You can't build skyscrapers on the brownstone side streets, preserving the light and character.
Lifestyle & Community
The lifestyle on the UWS is casual and community-focused. Neighbors stop to chat at the Sunday landscaped market or while walking dogs in Riverside Park. It feels less formal than the East Side.
Cultural institutions like Lincoln Center and the Museum of Natural History anchor the community, infusing it with art and science.
Transportation & Accessibility
The Upper West Side is served by the 1/2/3 and B/C trains. The express 2/3 makes getting to Times Square or Wall Street incredibly fast.
The West Side Highway provides easy car access for escapes to the Catskills or Jersey.
Parks, Schools & Amenities
You are never more than two blocks from a park. Riverside Park offers sunsets over the Hudson, while Central Park offers the Great Lawn and the Reservoir.
Amenities are iconic: Zabar's, Fairway, Barney Greengrass. The food culture here is legendary. Schools are excellent, contributing to its reputation as a family haven.
Who This Neighborhood Is Best For
The Upper West Side is best for families, dog owners, and creatives who want a beautiful, green, and relaxed neighborhood with deep cultural roots.
