Sponsor co-op pick of the week

A compact UES two bedroom with high-end finishes for $1,850,000, no board approval required

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By Emily Myers  |
August 30, 2019 - 10:00AM

The bathrooms are finished with imported Italian tile and have heated floors. 


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."

Some bold decor decisions went into the renovation of this two-bedroom, two-bathroom co-op, 56 East 87th St., #4D, in Carnegie Hill. The bathrooms are clad in imported Italian tile with zebra stripes in one and a shimmering zig-zag pattern in the other. The floors in the living area and bathrooms are finished with high-gloss tile and are heated.

The asking price for the unit is $1,850,000, which is below the current median of $2,250,000 for two-bedroom apartments in this part of Manhattan's Upper East Side. The last two-bedroom unit to sell in the building changed hands for $1,450,000 in 2016.



A tiled kitchen floor isn't very forgiving if you drop a plate and it can be slippery when wet, but if it's a high-end modern look you're going for with turn-key convenience, this apartment has it all (except perhaps, storage). The appliances are from high-end brands including Wolf, SubZero, and Miele. A built-in breakfast bar with pendant lights is set up for entertaining and the kitchen has plenty of cabinets. 


Glossy built-ins in the living room complement the black and white decor theme. The living area is open to the kitchen and well-lit with recessed lighting.


Both bathrooms have windows, heated floors, glossy white vanities, and smart toilets with remotes. There's a washer-dryer opposite the double vanity in the second bathroom. 


The master bedroom has a built-in closet as a walk-through to the en suite bathroom. The hardwood flooring is a softer decor choice for the bedrooms. 


The second bedroom doesn't have a closet and is slightly smaller than the master. 


The layout gives a sense of what storage the unit has—which isn't much. There's a closet with double doors by the entrance and one of the building amenities is an additional storage unit for residents. Other amenities include a bike room, an on-site super, and shared laundry facilities. Monthly maintenance is $1,789 and pets require board approval. 

The building is close to Central Park and the Guggenheim Museum. It's a five-minute walk to the 5, 4, and 6 subway lines and a 10-minute walk to the Q. 
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Emily Myers

Senior Writer/Podcast Producer

Emily Myers is a real estate writer and podcast host. As the former host of the Brick Underground podcast, she earned four silver awards from the National Association of Real Estate Editors. Emily studied journalism at the University of the Arts, London, earned an MA Honors degree in English Literature from the University of Edinburgh and lived for a decade in California.

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