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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. ©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.

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  1. Home
  2. Buy
  3. New York City
  4. Manhattan
  5. 10128
  6. 506 East 87th Street
Property thumbnail
1 / 21
•Upper East Side

506 East 87th Street, New York City, NY 10128

Listing Courtesy of Vandenberg Inc

$8,485,000

Potential Rebate: $127,275

5 Beds
5 Baths
9 Rooms
4,014 sqft
Built 1899
5 Stories
2,114/ft²
Listed on Jul 7, 2025
193 days on market
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Overview

Turnkey UES townhouse with rare garage, lush garden, and sun-filled interiors.<br><br>This 18-foot-wide single-family townhouse offers five levels of renovated elegance, seamlessly blending historic charm with modern functionality and curated interior design. Thoughtfully updated by the current owner after its 2015 purchase, the home features a rare curb-cut garage, restored original woodwork, and custom upgrades that strike a perfect balance between sophistication and practicality. Oversized, full-width windows flood each level with natural light, highlighting five spacious bedrooms, five and a half baths, a solarium extension, multiple outdoor spaces, and two full floors designed for living and entertaining. Ideally located just steps from Carl Schurz Park, Asphalt Green, and top Upper East Side schools, this turnkey residence offers exceptional value with low annual taxes under $36,000.<br><br>On the garden level, a private, automatic garage with curb cut offers rare convenience and direct access into the home. Inside, a large open-concept kitchen, dining, and casual living area creates a seamless flow ideal for modern living. The chef’s kitchen features an 8-burner range, double ovens with vented hoods, a wine fridge, coffee bar, auxiliary sink, and abundant custom closets and pantries. A powder room and direct garden access complete this thoughtfully designed level, perfect for both everyday use and entertaining.<br><br>The parlour floor is a showcase of the home’s classic elegance and thoughtful renovation. At the front, a grand formal living room features soaring ceilings, beautifully restored original wood floors, intricate ceiling medallions, a stately marble fireplace mantel, and a striking custom chandelier that enhances the room’s refined atmosphere. Moving to the center of the townhouse, the formal dining room continues the theme of sophistication with another chandelier, creating a cohesive and elegant flow between the entertaining spaces. The rare solarium extension at the rear brings in abundant natural light and creates a striking architectural focal point, ideal for reading, relaxing, or informal gatherings. This level also includes a private guest suite with its own full bathroom—perfect for overnight visitors, a home office, or a library. The handcrafted staircase reinforces the home's balance of old-world character and modern luxury, making the parlour floor equally suited for formal entertaining or comfortable day-to-day living.<br><br>Upstairs, the third floor is dedicated to a luxurious primary suite, complete with a spacious walk-through closet, a spa-like bath featuring a soaking tub, body jet shower, and double vanity. A second bedroom or office with its own full bathroom opens onto an expansive, lushly planted private 200sqft terrace. This beautifully landscaped outdoor space offers a generous seating area overlooking neighboring green gardens—an ideal setting for relaxing or entertaining in a tranquil, elevated environment.<br><br>The fourth floor includes three additional bedrooms, two full bathrooms, a skylight-lit hallway, and a laundry area—perfectly suited for family life.<br><br>The cellar houses a second laundry area, generous storage, two hot water tanks, and all mechanical systems, completing this turnkey townhouse.

Home Features

  • •Common Area
  • •Garden
  • •Private Outdoor Space Under 60 Sqft
  • •City

Estimated Monthly Payment

$44,904 per month

30 year fixed, 6.28% Interest

Principal and Interest
$41,927
Property Taxes
$2,976
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$127,275

Monthly savings impact

$354/mo

Effective Purchase Price

$8,357,725

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

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.

The Real Estate Rebate Team

Listing Courtesy of Vandenberg Inc

Data Source: TRESTLE #RLS20035125

RLS at REBNY

RLS at REBNY - Real Estate Board of New York Residential Listing Service

Why Buy With Us

Rebates Up To

2.5%

25+ Years

Experience

REBNY & NAR

Member

Verified

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. ©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.

The Real Estate Rebate Team

Listing Courtesy of Vandenberg Inc

Data Source: TRESTLE #RLS20035125

RLS at REBNY

RLS at REBNY - Real Estate Board of New York Residential Listing Service

Price Analysis

Compare average listing prices and value metrics for 506 East 87th Street against the surrounding Upper East Side market.

Based on 1 active unit in building vs 291 in area

Average List Price

Building$8.5M
Neighborhood$5.4M

Price Per SqFt

Building Avg$2,114/ft²
Neighborhood Avg$1,493/ft²
Premium Market

41.57% Higher

than the Upper East 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 East Side.

Upper East Side

Upper East Side

Overview of Upper East Side

The Upper East Side (UES) is the epitome of classic New York wealth and culture. Stretching from Central Park to the East River, it is home to Museum Mile, Madison Avenue fashion, and some of the most prestigious addresses in the world. For buyers seeking Upper East Side Manhattan real estate, it offers a lifestyle of polished elegance and safety. Living in the Upper East Side ranges from the ultra-luxury of Fifth Avenue to the bustling, younger energy of Second Avenue. As a premier Manhattan NYC neighborhood, it remains the gold standard for residential stability and top-tier schools.

Real Estate & Housing Market

The market for homes for sale in the Upper East Side is surprisingly diverse. While famous for $20 million townhouses and co-ops, the eastern avenues (Yorkville) offer excellent value for studios and one-bedrooms. It is valid to say it has two markets: the "Gold Coast" west of Lexington (historic, expensive, co-op heavy) and the area east of Lexington (more condos, more rentals, more affordable).

Lifestyle & Community

The lifestyle on the UES is refined. Residents spend weekends at the Met or the Guggenheim, jogging in Central Park, and dining at established bistros. It is less trendy than downtown but more livable. The community is generational. You will see grandmothers and toddlers who both grew up in the neighborhood. It feels established, clean, and manicured.

Transportation & Accessibility

The Upper East Side was transformed by the Second Avenue Subway (Q train), which relieved pressure on the 4/5/6 line. Now, the area feels incredibly connected to Midtown and downtown. The crosstown buses through the park (at 65th, 79th, 86th, 96th) are vital lifelines to the West Side.

Parks, Schools & Amenities

Central Park is the neighborhood's front yard. Carl Schurz Park on the East River is a hidden gem with a dog run and promenade. Amenities are world-class. The area has the highest concentration of private schools in the city (Dalton, Spence, Chapin) and top hospitals (Lenox Hill, Mt Sinai), making it a magnet for families and professionals.

Who This Neighborhood Is Best For

The Upper East Side is best for families, culture lovers, and anyone who wants a classic, safe, and green New York City experience.
Upper East Side GuideAll Neighborhoods
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