--- title: "37-50 87th Street #5, New York City, NY 11372" description: "37-50 87th Street #5, New York City, NY 11372 — Jackson Heights, New York City, NY. Listing Price $238,000. Studio bed, 1 bath Illustrative Buyer Commission Share of $3,570 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11372/37-50-87th-street-5-ny-11372" source: "Real Estate Rebate Team" status: "Active" --- # 37-50 87th Street #5, New York City, NY 11372 Jackson Heights, New York City, NY Courtesy of EXP Realty NYC ## At a Glance - **Listing Price**: $238,000 - **Beds**: Studio - **Baths**: 1 - **Common Charges**: $615 / mo - **Brokerage Fee**: Share Eligible ## 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 below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $238,000 - **Illustrative Buyer Commission Share**: -$3,570* - **Illustrative Net Cost**: $234,430 *Illustrative Buyer Savings of $3,570 — 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) ![37-50 87th Street #5, New York City, NY 11372 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7e2d163b-a052-4681-800f-ee9f06a4e441.jpg) ![37-50 87th Street #5, New York City, NY 11372 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/db6f43b3-88e7-4adb-acfe-d98142344b4e.jpg) ![37-50 87th Street #5, New York City, NY 11372 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7597456a-2672-4efa-aaaa-4c48d090a17e.jpg) ![37-50 87th Street #5, New York City, NY 11372 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/363b6ee9-4852-4296-a791-f2899bde1139.jpg) ![37-50 87th Street #5, New York City, NY 11372 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5b5085f0-f1fd-41e7-894d-1503d07aa3a3.jpg) ![37-50 87th Street #5, New York City, NY 11372 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c0c73e2c-afa5-4d8b-a6bd-2bb2f05b3a57.jpg) ![37-50 87th Street #5, New York City, NY 11372 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3e59d13d-1458-47ab-97f6-bd1b29b1d25d.jpg) ![37-50 87th Street #5, New York City, NY 11372 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d508a2fd-7fd7-489f-ad7b-0d6397faeaa9.jpg) ![37-50 87th Street #5, New York City, NY 11372 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cee4ebfa-14b5-4aaf-b202-27fbdaf1d071.jpg) ![37-50 87th Street #5, New York City, NY 11372 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/34f8bf74-4a6b-4eb6-a853-24d3ff1a351a.jpg) ## Property Overview Stop Paying Rent. Start Investing in Yourself. This designer-renovated studio offers a smart and affordable alternative to renting. Welcome to this bright and beautifully renovated 5th-floor studio in the heart of Jackson Heights. Move-in ready, 5th-floor studio is one of the best values currently on the market, perfect for first-time buyers or anyone looking for a smart, affordable entry into NYC home-ownership. The apartment features multiple windows that bring in great natural light, creating an open and airy feel throughout. Recently renovated, the home offers brand-new flooring and a clean, modern design that’s both stylish and functional. The standout kitchen is designed with blue subway tile, white cabinetry, marble countertops, black hardware, and stainless steel appliances — a sleek, timeless look that elevates the space. The bathroom is equally refined with neutral tile, gold hardware, and a space-saving sliding door. Nestled in the vibrant Jackson Heights neighborhood, Monticello Gardens is a conveniently located six-story, 167-unit elevator building erected in 1951. Situated on a serene tree-lined block, it offers a host of amenities, including parking (waiting list), laundry facilities, bicycle storage, and a live-in super. Pets are welcome, and subletting is permitted after two years, subject to board approval as per house rules. Within a short distance of local amenities and transportation, residents can relish easy access to dining, shopping, and entertainment options. The building is well-maintained with no flip tax. ## Property Details - **Property Type**: Co-op - **Baths**: 1 - **Rooms**: 2 - **Stories**: 6 - **Year Built**: 1951 - **Common Charges**: $615 / Monthly - **Listed On**: Feb 18, 2026 - **Days on Market**: 213 Days ### Residence Features - Window Unit(s) - Common Area - Building Storage ## Estimated Monthly Payment **$1,818 / month**, assuming a 20% down payment ($47,600), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $1,203 - **Common Charges**: $615 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 8 apartments at 37-50 87th Street have recorded sales since September 2021, the most recent for $325,000 in March 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sold Price | Sold | Source | | --- | --- | --- | --- | --- | | 4A (Apartment) | — | $325,000 | March 26, 2026 | City record | | 3E (Apartment) | — | $353,000 | December 15, 2025 | City record | | 1E (Apartment) | — | $300,000 | October 27, 2025 | City record | | 5G (Apartment) | 1 | $348,000 | March 20, 2025 | City record · MLS | | 6-B (Apartment) | 2 | $465,000 | April 4, 2024 | City record · MLS | | 5F (Apartment) | — | $440,000 | October 13, 2023 | City record | | 4G (Apartment) | — | $346,500 | August 1, 2023 | City record | | 3-C (Apartment) | Studio | $240,000 | October 8, 2021 | 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**: $238,000 - **Median sold price**: $239,000 - **Difference**: -$1,000 (-0.4%) - **Comparable sales**: 9 - **Sales from**: January 2025 – March 2026 - **Middle half of those sales**: $210,000 – $265,000 Based on co-op studio sales in Jackson Heights. Square footage is recorded for only 2 of these 9 sales (22%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Jackson Heights instead. ### How these sales were negotiated - **Sale-to-list price**: 97.6% (8 sales) - **Sold below asking**: 88% (8 sales) - **Typical time to find a buyer**: 116 days (8 sales) - **Typical time to close**: 111 days (8 sales) Based on co-op studio sales in Jackson Heights 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. Sales data through March 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 37-50 87th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/37-50-87th-street) ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 167 apartments. The corporation’s 2026 property tax bill was $743,639 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 37-50 87th Street](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/37-50-87th-street) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 37-50 87th Street Jackson Heights · Stock Cooperative 37-50 87th Street, Jackson Heights, NY 11372 A building in Jackson Heights, currently featuring 1 active listing. - **Year Built**: 1951 - **Active Units**: 1 - **Floors**: 6 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/37-50-87th-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5](https://realestaterebatesnewyork.com/buy/newyorkcity/queens/11372/37-50-87th-street-5-ny-11372) | Studio | 1 | — | — | $238,000 | EXP Realty NYC | Feb 18, 2026 | 212 days | ## Jackson Heights Overview of Jackson Heights [Explore Jackson Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/jackson-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Jackson Heights - [East Elmhurst real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/east-elmhurst) - [Elmhurst real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/elmhurst) - [Corona real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/corona) - [Woodside real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/woodside) - [LaGuardia Airport real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/laguardia-airport) - [Rego Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/rego-park) ## Related Links - [37-50 87th Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/queens/37-50-87th-street) - [Jackson Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/jackson-heights) - [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.