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120 E 87th Street #R14F, Manhattan, NY 10128

Manhattan
Local realty services provided by:CENTURY 21 Awaye Realty
120 E 87th Street #R14F,Manhattan, NY 10128
$2,250,000
  • 2 Beds
  • 2 Baths
  • 1,000 sq. ft.
  • Condominium
  • Active
Listed by: jacqueline siegel, lisa a rose
Office: brown harris stevens residential sales llc.
MLS#:RLS20088108
Source:NY_REBNY

Price summary

  • Price:$2,250,000
  • Price per sq. ft.:$2,250

About this home

<strong>Investors Only! Tenant in place through October 2027. Current cap rate 3.8%.<br> </strong> <br> All showings by appointment with 24-hour advance notice. <br> <strong><br> The Opportunity</strong> <br> A rare opportunity to acquire a fully renovated, income-producing luxury condominium in one of Manhattan's premier white-glove buildings. <strong>120 East 87th Street, Unit R14F </strong>is being offered with a high-quality tenant in place through October 2027, delivering immediate cash flow with no leasing risk or vacancy exposure.<br> Currently generating an approximate <strong>3.8% cap rate</strong>, the investment offers both stability and built-in growth. The existing lease steps to $10,750/month in November 2026, with current market rents for similar residences achieving approximately $11,500/month, presenting additional upside at renewal. This is a turnkey acquisition with income from day one, a near-term increase already secured, and future appreciation potential.<br>...

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Home facts

  • Year built:1972
  • Listing ID #:RLS20088108
  • Added:45 day(s) ago
  • Updated:June 15, 2026 at 12:07 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:4
  • Basement:Yes
  • Living area:1,000 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Central air:Yes

Structure and exterior

  • Year built:1972
  • Building area:1,000 sq. ft.
  • Exterior Features:Building Courtyard

Finances and disclosures

  • Price:$2,250,000
  • Price per sq. ft.:$2,250

Features and amenities

  • Appliances:WasherDryerAllowed
  • Laundry features:Washer Dryer Allowed

Parking

  • Garage:Yes
MLS LogoThis 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. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. NY_REBNY Member Broker: Arlene Waye

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