120 East 87th Street #R18H, New York City, NY 10128

Carnegie Hill, New York City, NYCourtesy of Brown Harris Stevens Residential Sales LLC
120 East 87th Street #R18H, Carnegie Hill, Manhattan, NY 10128 - Main property photo
120 East 87th Street #R18H, Carnegie Hill, Manhattan, NY 10128 - Property photo 2 of 13
120 East 87th Street #R18H, Carnegie Hill, Manhattan, NY 10128 - Property photo 3 of 13
120 East 87th Street #R18H, Carnegie Hill, Manhattan, NY 10128 - Property photo 4 of 13
120 East 87th Street #R18H, Carnegie Hill, Manhattan, NY 10128 - Property photo 5 of 13
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The Private Brokerage Advantage

As an independent luxury buyer representative, Régis shares 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 beside this are illustrative, based on a 3% buyer-broker commission; your share follows the commission offered on the transaction.

Contract Purchase Price$1,275,000
Illustrative Buyer Commission Share-$19,125*
Illustrative Net Cost$1,255,875
Listing Price
$1,275,000
In contract 2/16/2023
Common Charges$1,339 / mo
Monthly Taxes$1,249 / mo
Price per Sqft$1,041
Brokerage FeeShare Eligible
1
Beds
1
Baths
1,225
Sqft
Illustrative Buyer Savings
+$19,125*
50% of a 3% buyer-broker commission, shared at closing
Regis Roumila

Regis Roumila

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NYDOS LIC#: 10491211335

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Property Overview

Park Avenue Court is one of Carnegie Hill's most desired full-service condominiums. It is a rare opportunity to purchase an overly-large (approximately 1,225sf), flexible two-bedroom condo at a price that truly represents exceptional value. With approximately 14' high ceilings in the principle rooms, as well as an over 7' ceiling height in the multi-purpose loft, this apartment is a unique opportunity to acquire a special home in a premier location (just off Park Avenue).

An extraordinary number (10+) of custom-designed closets provides a unique amount of storage in this duplex condomin...

Property Details

PROPERTY TYPECondominium
BEDS1
BATHS1
ROOMS4
SQFT1,225 sqft
STORIES17
YEAR BUILT1972
PRICE PER SQFT$1,041
COMMON CHARGES$1,339 / Monthly
MONTHLY TAXES$1,249 / mo
LISTED ONNov 15, 2022
DAYS ON MARKET1402 Days

Residence Features

Central Air
Building Washer Dryer Install Allowed
Building Other
Building Courtyard
Building Roof Deck
Smoke Free
Washer Dryer Allowed

Estimated Monthly Payment

$9,035/ month
Principal & Interest$6,44771% of totalProperty Taxes$1,24914% of totalCommon Charges$1,33915% of total
Down Payment$255,000 (20%)
Interest Rate6.5%
Loan Term
Principal & Interest
$6,447
Property Taxes
$1,249
Common Charges
$1,339

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 September 2021, the most recent for $665,000 in August 2026. Prices are the figures recorded with the City, not asking prices.

Recorded sales at Park Avenue Court, September 2021 – August 2026
R14-JApartmentStudio485$665,000$1,371/ft²August 5, 2026MLS
P14GDuplex1605$900,000$1,488/ft²January 15, 2026City record · MLS
R18-BApartmentBedroom count not recorded826$3,250,000$3,935/ft²October 16, 2025City record
R20JApartmentStudio525$665,000$1,267/ft²June 12, 2025City record · MLS
R16-GApartmentBedroom count not recorded1,628$3,100,000$1,904/ft²April 28, 2025City record
R26DApartment31,832$3,100,000$1,692/ft²April 15, 2025City record · MLS
P20-GApartmentBedroom count not recorded449$750,000$1,670/ft²April 4, 2025City record
P-8GApartmentStudio541$585,000$1,081/ft²October 31, 2024City record · MLS
R6LApartmentStudio400$550,000$1,375/ft²August 2, 2024City record · MLS
P8-KApartmentBedroom count not recorded515$611,000$1,186/ft²July 26, 2024City record
PPH1BApartment21,450$2,787,500$1,922/ft²July 16, 2024City record · MLS
P24-CApartment21,450$2,450,000$1,690/ft²July 16, 2024City record · MLS
R26BApartment21,452$2,800,000$1,928/ft²May 7, 2024City record · MLS
P6-AApartmentBedroom count not recorded1,990$4,300,000$2,161/ft²June 13, 2023City record
R-6CLoft1Square footage not recorded$1,210,000No square footage recorded for this saleMay 5, 2023City record · MLS
R18-HApartment1856$950,000$1,110/ft²March 29, 2023City record
R12IApartment1760$1,250,000$1,645/ft²July 27, 2022City record · MLS
R12AApartment21,532$2,430,000$1,586/ft²June 2, 2022City record · MLS
P20CApartment21,200$2,498,000$2,082/ft²May 19, 2022City record · MLS
R-10KApartmentStudio506$745,000$1,472/ft²October 26, 2021City record · MLS
P-4DApartment11,100$1,465,000$1,332/ft²October 26, 2021City record · MLS
P8-HApartmentBedroom count not recorded542$920,000$1,697/ft²October 4, 2021City record

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
$1,275,000
Median sold price
$1,210,000
Difference
+$65,000 (+5.4%)
This home, $/ft²
$1,041
Median $/ft²
$1,410
Comparable sales
5
Sales from
Oct 2021 – Jan 2026

Based on one-bedroom sales at Park Avenue Court.

More market data
Middle half of those sales
$950,000 – $1,250,000

How these sales were negotiated

Typical time to find a buyer
32 days
Typical time to close
69 days

Based on one-bedroom sales at Park Avenue Court with the required listing and closing data. Sample sizes vary by metric.

Price trend

Median price per square foot, sales at Park Avenue Court

Median $/ft² by year for sales at Park Avenue Court, 2017 to 2025, with the number of sales behind each year
YearMedian $/ft²Sales
2020$1,550/ft²3Thin
2021$1,332/ft²13
2022$1,645/ft²3Thin
2024$1,532/ft²6
2025$1,692/ft²5
More market history
Earlier years of the same series, 2017 to 2019
YearMedian $/ft²Sales
2017$1,461/ft²3Thin
2018$1,810/ft²9
2019$1,571/ft²11

Based on recorded sales at Park Avenue Court.

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 August 2026.

Sale prices and dates are based on NYC ACRIS records. MLS closing dates may differ. Historical sales are not an appraisal or valuation of this property.

Price and Property History for 120 East 87TH Street, Unit R18H

Review the recorded listing activity for 120 East 87TH Street, Unit R18H, including asking-price changes and prior market dates.

Entered contract
February 16, 2023
Listing and price history for 120 East 87TH Street, Unit R18H
DatePriceListing event
$1,275,000Entered contract
$1,275,000Listed for sale by Brown Harris Stevens Residential Sales LLC

Property Tax History

Taxes at 120 East 87th Street #R18H were $15,989 in 2026, up 2.8% from 2025.

New York City Department of Finance property tax history for 120 East 87th Street #R18H, 2010 to 2026
YearTax AssessmentLandAdditionsBillable ValueProperty TaxTax Rate
2026FY 2026/27$133,977$13,050$120,927$127,915$15,98912.5%Estimated
2025FY 2025/26$133,476$13,050$120,426$124,368$15,54612.5%Estimated
2024FY 2024/25$125,547$13,050$112,497$123,413$15,42712.5%
2023FY 2023/24$124,106$13,050$111,056$123,463$15,43512.502%
2022FY 2022/23$122,478$13,050$109,428$122,478$15,02412.267%
2021FY 2021/22$116,244$13,050$103,194$116,244$14,22212.235%
2020FY 2020/21$128,696$13,050$115,646$120,113$14,73412.267%
2019FY 2019/20$125,803$13,050$112,753$114,829$14,32312.473%
2018FY 2018/19$127,059$13,050$114,009$110,454$13,93012.612%
2017FY 2017/18$116,479$13,050$103,429$104,512$13,29312.719%
2016FY 2016/17$110,146$13,050$97,096$100,071$12,90112.892%
2015FY 2015/16$102,293$13,050$89,243$96,624$12,44812.883%
2014FY 2014/15$96,320$13,050$83,270$93,058$11,96312.855%
2013FY 2013/14$97,328$13,050$84,278$91,114$11,97713.145%
2012FY 2012/13$94,280$13,050$81,230$88,610$11,68013.181%
2011FY 2011/12$92,909$13,050$79,859$87,463$11,74913.433%
2010FY 2010/11$84,463$13,050$71,413$86,212$11,51213.353%

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 1015151406. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

About The Building

Park Avenue Court
Carnegie Hill · Condominium

Park Avenue Court

120 East 87th Street, New York, NY 10028

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

YEAR BUILT1981
ACTIVE UNITS3
FLOORS17

Interested in Park Avenue Court?

Consult Régis for private buyer guidance, off-market opportunities, building financials, board package requirements, closing costs, and potential Buyer Savings.

Available Residences

R18H111,225 sqft$1,041
$1,275,000
In contract
Brown Harris Stevens Residential Sales LLCNov 15, 20221,401 days
P12C22
$2,150,000
CompassSep 14, 20262 days
R14H11900 sqft$1,361
$1,225,000
CompassSep 9, 20267 days
R14F221,000 sqft$2,250
$2,250,000
SerhantSep 10, 20266 days
R20H11900 sqft$1,389
$1,250,000
In contract
Douglas Elliman Real EstateSep 3, 2024743 days
P14B11787 sqft$1,493
$1,175,000(-2.1%)
In contract
Coldwell Banker WarburgMar 31, 2026169 days

In the Neighborhood

Nearby Schools

The Dalton School Physical Education Center0.14 miles
Loyola School0.22 miles
Public School M333 Manhattan School for Children0.29 miles
Rhinelander Children's Center0.37 miles
Rudolf Steiner School0.44 miles

* Distances are approximate line-of-sight metrics.

Map

Carnegie Hill

Overview of Carnegie Hill

Carnegie Hill is one of the most prestigious and charming sections of the Upper East Side, spanning from 86th to 96th Streets between Fifth Avenue and Third Avenue. Named after Andrew Carnegie's mansion, it is known for its village-like atmosphere and stunning architecture. For buyers seeking Carnegie Hill Manhattan real estate, it offers a quieter, more family-oriented version of uptown luxury. Living in Carnegie Hill, Manhattan feels like stepping back in time. The neighborhood is preserved by strict historic district zoning, keeping the tree-lined streets sunny and low-rise. As a family-favorite Manhattan NYC neighborhood, it is defined by its proximity to Central Park, elite private schools, and Museum Mile.

Real Estate & Housing Market

The market for homes for sale in Carnegie Hill is famous for its large, pre-war cooperative apartments. Buildings along Fifth and Park Avenues are among the most exclusive in the city. However, the side streets offer beautiful brownstones and townhouses that are highly coveted. Inventory here is often geared towards families, with "classic six" and "classic seven" layouts common. It is a stable, high-value market. Co-ops generally have strict board requirements, maintaining the neighborhood's private and settled character.

Lifestyle & Community

The lifestyle in Carnegie Hill is refined yet relaxed. It lacks the commercial bustle of the lower 80s or 70s. Instead, residents enjoy boutique shopping on Madison Avenue (like Bonpoint and Jacadi) and brunch at local favorites like Sarabeth's. The community is tight-knit, often centered around the local schools and the park. It is perhaps the most "neighborhoody" part of the Upper East Side. You will see neighbors chatting on corners, nannies in the park, and a generally slower pace of life.

Transportation & Accessibility

Carnegie Hill is served by the 4, 5, 6 trains at 86th and 96th Streets, providing distinct express connectivity to Wall Street and Grand Central. The Q train on Second Avenue has also opened up the eastern side of the neighborhood. The M1, M2, M3, and M4 buses on Fifth and Madison Avenues offer scenic north-south travel along the park. While it feels removed from the chaos, the commute to Midtown is efficient.

Parks, Schools & Amenities

Central Park is the neighborhood's backyard. Residents have easy access to the Reservoir, the tennis courts, and the Guggenheim Museum. The neighborhood is also home to the 92nd Street Y, a major cultural and community center. Schools are a primary draw. The concentration of top-tier private schools (like Dalton, Spence, and Sacred Heart) is higher here than almost anywhere else. It is an area built for raising families in the city.

Who This Neighborhood Is Best For

Carnegie Hill is best for affluent families, lovers of pre-war architecture, and cultural enthusiasts who want to live on Museum Mile. It is ideal for those who prioritize quiet streets, good schools, and proximity to the park.
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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.