Sponsor co-op of the week

A renovated junior four in Yorkville for $935,000, no board approval required

Apartment #11B has new floors, south-facing windows, and four big closets.

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2020
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Welcome to Brick Underground’s sponsor apartment pick of the week, where we feature a co-op for sale by the owner of the building. You do not need board approval to buy these apartments, they are often newly renovated, and they typically require a down payment of only 10 percent, versus the 20 to 25 percent that most co-ops demand. In exchange for the condo-like ease of acquisition, expect to pay a bit more than a regular co-op, but considerably less than a condo. For more information, check out "Everything you ever wanted to know about sponsor apartments but were afraid to ask."

This one-bedroom, one-bath sponsor co-op, 235 East 87th St., #11B, in Yorkville, is currently on the market for $935,000, after a $60,000 drop from its original asking price of $995,000 back in November.

Located in the Plymouth House, a 12-story building with 139 apartments built in 1962, amenities include a full-time doorman, elevator, bike room, live-in super, roof deck, and garage parking. Monthly maintenance is $2,238, which includes gas and electricity, is fixed at $94.67. 

The buyer of apartment #11B will be responsible for paying the transfer taxes. Subletting is permitted after two years of residency. 

235 East 87 Street, New York, NY, 10128

The chef's kitchen features stainless steel appliances, gloss-white maple wood cabinetry, Caesarstone countertops, porcelain tiled floors, and a ceramic tile backsplash.

235 East 87 Street, New York, NY, 10128

The windowed bedroom, shown virtually staged above, has two big closets.

The bath has been gut renovated and has ceramic-tiled floors and porcelain-tiled walls.

The Q train at 86th Street is a two-minute walk away, and the 4, 5, and 6 at the 86th Street station is a five-minute walk. For groceries, there's a Fairway, Whole Foods, CTown, and Gristedes nearby.