---
title: "120 East 87th Street #P16AG, New York City, NY 10128"
description: "120 East 87th Street #P16AG, New York City, NY 10128 — Carnegie Hill, New York City, NY. Listing Price $5,500,000. 3 bed, 4 bath, 2,446 sqft Illustrative Buyer Commission Share of $82,500 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/120-east-87th-street-p16ag-ny-10128"
source: "Real Estate Rebate Team"
dateModified: "2026-10-29T14:44:26.873Z"
status: "Active"
---

# 120 East 87th Street #P16AG, New York City, NY 10128

Carnegie Hill, New York City, NY

Courtesy of Serhant

Last updated: October 29, 2026, 10:44 AM

## At a Glance

- **Listing Price**: $5,500,000
- **Beds**: 3
- **Total Baths**: 4
- **Sqft**: 2,446
- **Common Charges**: $4,346 / mo
- **Price per Sqft**: $2,249
- **Brokerage Fee**: Share Eligible

## The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares up to 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction.

- **Contract Purchase Price**: $5,500,000
- **Illustrative Buyer Commission Share**: -$82,500*
- **Illustrative Net Cost**: $5,417,500

*Illustrative Buyer Savings of $82,500 — 50% of a 3% buyer-broker commission, shared at closing.*

[Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)

## Photos (10)

![120 East 87th Street #P16AG, New York City, NY 10128 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/77417d78-c656-4a3d-a386-f125f5481b3e.jpg)
![120 East 87th Street #P16AG, New York City, NY 10128 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/07f63f18-5459-4b90-9a7e-565f9ebd480b.jpg)
![120 East 87th Street #P16AG, New York City, NY 10128 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/be765a41-f0ea-4a4e-a2da-6cf946c7434a.jpg)
![120 East 87th Street #P16AG, New York City, NY 10128 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9eb967c2-7128-4aa6-8d5e-63027faaf33f.jpg)
![120 East 87th Street #P16AG, New York City, NY 10128 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/877c3b39-5d34-4bd0-96e5-552f5e04f14d.jpg)
![120 East 87th Street #P16AG, New York City, NY 10128 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f7b45011-c14e-45a8-a8a1-e420d3c4d50b.jpg)
![120 East 87th Street #P16AG, New York City, NY 10128 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/31cf16c7-01ac-4222-9af4-e31860b93af8.jpg)
![120 East 87th Street #P16AG, New York City, NY 10128 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a10f9443-09ad-4cb5-a671-cbfef880507e.jpg)
![120 East 87th Street #P16AG, New York City, NY 10128 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1135d490-3ead-4bb6-a9c2-6b978fd484a1.jpg)
![120 East 87th Street #P16AG, New York City, NY 10128 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ca57515f-8fd0-4c85-962f-946e907a9885.jpg)

## Property Overview

Electricity included in the common charge figures

European Sensibility, Reimagined.

Thirteen years ago, this residence was reborn - a complete gut renovation guided by the vision of a European architect who saw an opportunity to honor the building's industrial soul while elevating it into a refined, continental home. The result is a rare synthesis: raw architectural character softened by sophisticated European living. Volume & Light Soaring ceilings define the apartment's character, lending every room an extraordinary sense of openness rarely found in city living. South-facing exposure bathes the interiors in natural light from morning to evening, while motorized shades - with full blackout capability in each bedroom - offer effortless control over the home's atmosphere at any hour. Thoughtful Living, no detail was overlooked in the pursuit of seamless functionality. A dedicated laundry room, separate from the kitchen, and an array of custom-designed storage solutions ensure the home is as practical as it is beautiful - form and function in perfect balance. The apartment's generous ceiling heights are used to full advantage: a custom-built mezzanine in the smallest bedroom adds valuable living and storage space, complemented by two additional custom storage areas that make elegant use of the home's vertical volume. Craftsmanship & Finishes

Hardwood flooring throughout

Radiant heated floors in the primary suite

Heated towel racks in every bathroom

Custom German-designed LEICHT kitchen

Premium Miele and Sub-Zero appliances

Integrated sound system with three independently zoned areas

Motorized shades throughout, with blackout shades in all bedrooms

A Home, Fully Realized

Every element of this renovation was considered in service of one vision: a residence where European design sensibility, everyday luxury, and effortless functionality exist in harmony. The offering is completed by a private storage unit, extending the home's exceptional practicality beyond its walls.

## Property Details

- **Property Type**: Condominium
- **Beds**: 3
- **Total Baths**: 4
- **Rooms**: 7
- **Sqft**: 2,446 sqft
- **Stories**: 24
- **Year Built**: 1972
- **Price per Sqft**: $2,249
- **Common Charges**: $4,346 / Monthly
- **Listed On**: Oct 21, 2026
- **Days on Market**: 9 Days

### Residence Features

- Building Other
- Washer Hookup
- In Unit
- Building Courtyard
- Building Roof Deck
- High Ceilings
- Storage
- Walk-In Closet(s)
- Dishwasher
- City

## Estimated Monthly Payment

**$32,157 / month**, assuming a 20% down payment ($1,100,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $27,811
- **Common Charges**: $4,346

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

22 apartments at Park Avenue Court have recorded sales since October 2021, the most recent for $1,180,000 in October 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [R6E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/120-east-87th-street-r6e-R6E-ny-10028) (Apartment) | 1 | 775 | $1,180,000 | $1,523/ft² | October 7, 2026 | MLS |
| R10-F (Apartment) | — | 997 | $1,940,000 | $1,946/ft² | August 18, 2026 | City record |
| [R14-J](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/120-east-87th-street-r14j-ny-10128) (Apartment) | Studio | 485 | $665,000 | $1,371/ft² | August 4, 2026 | City record · MLS |
| R14-K (Apartment) | — | 504 | $675,000 | $1,339/ft² | July 27, 2026 | City record |
| P14G (Duplex) | 1 | 605 | $900,000 | $1,488/ft² | January 15, 2026 | City record · MLS |
| R18-B (Apartment) | — | 826 | $3,250,000 | $3,935/ft² | October 16, 2025 | City record |
| R20J (Apartment) | Studio | 525 | $665,000 | $1,267/ft² | June 12, 2025 | City record · MLS |
| R16-G (Apartment) | — | 1,628 | $3,100,000 | $1,904/ft² | April 28, 2025 | City record |
| R26D (Apartment) | 3 | 1,832 | $3,100,000 | $1,692/ft² | April 15, 2025 | City record · MLS |
| P20-G (Apartment) | — | 449 | $750,000 | $1,670/ft² | April 4, 2025 | City record |
| P-8G (Apartment) | Studio | 541 | $585,000 | $1,081/ft² | October 31, 2024 | City record · MLS |
| R6L (Apartment) | Studio | 400 | $550,000 | $1,375/ft² | August 2, 2024 | City record · MLS |
| P8-K (Apartment) | — | 515 | $611,000 | $1,186/ft² | July 26, 2024 | City record |
| P24-C (Apartment) | 2 | 1,450 | $2,450,000 | $1,690/ft² | July 16, 2024 | City record · MLS |
| PPH1B (Apartment) | 2 | 1,450 | $2,787,500 | $1,922/ft² | July 16, 2024 | City record · MLS |
| R26B (Apartment) | 2 | 1,452 | $2,800,000 | $1,928/ft² | May 7, 2024 | City record · MLS |
| P6-A (Apartment) | — | 1,990 | $4,300,000 | $2,161/ft² | June 13, 2023 | City record |
| R-6C (Loft) | 1 | — | $1,210,000 | — | May 5, 2023 | City record · MLS |
| R18-H (Apartment) | 1 | 856 | $950,000 | $1,110/ft² | March 29, 2023 | City record |
| R12I (Apartment) | 1 | 760 | $1,250,000 | $1,645/ft² | July 27, 2022 | City record · MLS |
| R12A (Apartment) | 2 | 1,532 | $2,430,000 | $1,586/ft² | June 2, 2022 | City record · MLS |
| P20C (Apartment) | 2 | 1,200 | $2,498,000 | $2,082/ft² | May 19, 2022 | City record · MLS |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **This home**: $5,500,000
- **Median sold price**: $2,781,250
- **Difference**: +$2,718,750 (+97.8%)
- **This home, $/ft²**: $2,249
- **Median $/ft²**: $1,594
- **Comparable sales**: 18
- **Sales from**: October 2024 – June 2026
- **Middle half of those sales**: $2,400,000 – $2,978,750

Based on condo three-bedroom sales in Carnegie Hill.

This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Carnegie Hill instead.

### How these sales were negotiated

- **Sale-to-list price**: 95.3% (16 sales)
- **Sold below asking**: 75% (16 sales)
- **Typical time to find a buyer**: 52 days (16 sales)
- **Typical time to close**: 60 days (16 sales)

Based on condo three-bedroom sales in Carnegie Hill with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median price per square foot, sales at Park Avenue Court

| Year | Median $/ft² | Sales |
| --- | --- | --- |
| 2017 | $1,461/ft² | 3 (thin) |
| 2018 | $1,810/ft² | 9 |
| 2019 | $1,571/ft² | 11 |
| 2020 | $1,550/ft² | 3 (thin) |
| 2021 | $1,332/ft² | 13 |
| 2022 | $1,645/ft² | 3 (thin) |
| 2024 | $1,532/ft² | 6 |
| 2025 | $1,692/ft² | 5 |
| 2026 YTD | $1,429/ft² | 4 (thin) |

Based on recorded sales at Park Avenue Court. 2026 is year-to-date.

Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning.

Sales data through October 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at Park Avenue Court](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/park-avenue-court)

## About The Building

### Park Avenue Court

Carnegie Hill · Condominium

120 East 87th Street, New York, NY 10028

A building in Carnegie Hill, currently featuring 3 active listings.

- **Year Built**: 1972
- **Active Units**: 3
- **Floors**: 24

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/park-avenue-court)

### Available Residences — For Sale (6)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [P16AG](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/120-east-87th-street-p16ag-ny-10128) | 3 | 4 | 2,446 sqft | $2,249 | $5,500,000 | Serhant | Oct 21, 2026 | 9 days |
| [R14H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/120-east-87th-street-r14h-ny-10128) | 1 | 1 | 900 sqft | $1,361 | $1,225,000 | Compass | Sep 9, 2026 | 51 days |
| [R14F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/120-east-87th-street-r14f-ny-10128) | 2 | 2 | 1,000 sqft | $2,250 | $2,250,000 | Serhant | Sep 10, 2026 | 50 days |
| [R18H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/120-east-87th-street-r18h-R18H-ny-10128) | 1 | 1 | 1,225 sqft | $1,041 | $1,275,000 — In contract | Brown Harris Stevens Residential Sales LLC | Nov 15, 2022 | 1,445 days |
| [R20H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/120-east-87th-street-r20h-R20H-ny-10128) | 1 | 1 | 900 sqft | $1,389 | $1,250,000 — In contract | Douglas Elliman Real Estate | Sep 3, 2024 | 787 days |
| [P14B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/120-east-87th-street-p14b-P14B-ny-10128) | 1 | 1 | 787 sqft | $1,493 | $1,175,000 (-2.1%) — In contract | Coldwell Banker Warburg | Mar 31, 2026 | 213 days |

### Recently Sold (2)

| Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [R14-J](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10128/120-east-87th-street-r14j-ny-10128) | Studio | 1 | 485 sqft | $1,371 | $665,000 | Sothebys International Realty | Mar 31, 2026 | Aug 5, 2026 |
| [R6E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10028/120-east-87th-street-r6e-R6E-ny-10028) | 1 | 1 | 775 sqft | $1,523 | $1,180,000 | Corcoran Group | Apr 29, 2026 | Oct 7, 2026 |

## Potential NYC Second-Home Tax

This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price.

[Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator)

## Carnegie Hill

Overview of Carnegie Hill

[Explore Carnegie Hill](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Carnegie Hill

- [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park)
- [Roosevelt Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/roosevelt-island)
- [Upper West Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/upper-west-side)
- [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown)
- [Theater District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/theater-district)
- [East Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem)

## Related Links

- [Park Avenue Court — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/park-avenue-court)
- [Carnegie Hill neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/carnegie-hill)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> 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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.