160 West 87 Street, Manhattan, NY 10024

$1,395,000 Sold Jun 2026 · Unit 1D

$11,694,000 Assessed value

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Building

Building size59,408 sq ft
Building dimensions82 × 87 ft
Stories9
Basement / garden levelYes — below ground
Sq ft per floor6,601 sq ft
Year built1914

Lot

Lot dimensions82.25 × 100.71 ft
Lot area8,283 sq ft
FEMA flood zoneX — minimal risk

Details

Units40
ZoningR7-2
Building classD4
OwnershipCo-op building
Block / lotBlock 1217 / Lot 54

Floor Area Ratio (FAR)

Built FAR7.17
Max residential FAR3.44
Max facility FAR6.50

Taxes

Last recorded sale$1,395,000 (Jun 2026)
Assessed value$11,694,000
Tax class2
Annual property tax$638,974
Exemptions / abatements160 WEST 87TH STREET CORP
Rent regulatedCo-op

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About this property

160 West 87 Street was built in 1914 — roughly 112 years old. This is a co-op building with 40 apartments — residents own shares in the corporation that owns the building, rather than their apartments outright. Apartments average about 1,485 sq ft (building area divided by apartment count — individual units vary). For property-tax purposes it falls under Class 2 (residential buildings with four or more units, condos and co-ops), taxed at 12.439% of a taxable value based on 45% of the city’s income-derived market value. The corporation pays one building-wide tax bill — about $638,974 per year — passed to residents through monthly maintenance in proportion to each apartment’s share allocation. A straight average works out to roughly $15,974 per apartment per year, though larger apartments carry more shares (and many primary residents get the co-op/condo abatement on top). The most recent recorded sale in the building was unit 1D, for $1,395,000 in Jun 2026.

The building already exceeds what current residential zoning would allow (7.17 built FAR vs. a residential maximum of 3.44) — typically a grandfathered or overbuilt structure that could not be rebuilt to this size under today’s rules. Those figures are for residential use — a community-facility use (a doctor’s office, clinic, or school) raises the ceiling to 6.50 FAR. This lot is associated with a co-op; individual apartments are owned as shares and taxed through the building.

Recent sales in Manhattan

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Data: NYC Department of Finance and Dept. of City Planning (PLUTO) via NYC Open Data. Figures are public records, may lag current bills, and can exclude abatements. Not financial advice.