| Building name | Park Towers |
| Primary address | Park Towers - 47 East 87th Street |
| Secondary address | 39-47 E 87th St |
| Neighborhood | Carnegie Hill |
| Zip code | 10128 |
| Borough | Manhattan |
| Block & lot | 01499-0020 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Tax class | Register |
| Estimated property tax | $1,824,614 |
| Lot sqft | 11,300 |
| Lot dimensions | |
| Building class | Elevator Apartments Cooperatives Building (Other than Condominiums) (XD4)
|
| Building sqft | 116,190 |
| Building dimensions | |
| Buildings on lot | 1 |
| Stories | 15 |
| Year built | 1948 |
| Year last altered | 1988 |
| Frontage(s) | East 87 Street (narrow) Madison Avenue (wide) |
| School district | 2 |
| Community district | 8 |
| Closest police station | 0.65 Miles |
| Closest fire station | 0.22 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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You will find all alternate addresses for the property in this section.
Park Towers - 47 East 87th Street, New York, NY 10128 was built in 1948 and has a total of 116,190 square feet.
What is the assessed value of Park Towers - 47 East 87th Street, New York, NY 10128 and the property tax paid?Assessed at $17,339,400, the tax amount paid for Park Towers - 47 East 87th Street, New York, NY 10128 is $2,057,750. For the next year, the tax amount for Park Towers - 47 East 87th Street, New York, NY 10128 is estimated at $1,824,614.
How many residential units does this building have?This building has 61 residential unit(s) and 1 commercial spaces.
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Create a free account to view the complete sales history for 47 East 87th Street, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for Park Towers - Park Towers - 47 East 87th Street, New York, NY 10128. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $1,735,273 |
| Estimated property tax: | $1,824,614 |
| Tax assessor's market value: | $38,532,000 |
| Assessed value: | $17,339,400 |
| Exemptions granted by city: | Register |
Here's the assessment & property tax history for 47 East 87th Street, New York, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $38,532,000 | $17,339,400 | $16,542,730 | 12.439% | $2,061,130 | $1,733,736 | +0.95% |
| 2024/25 | $37,343,000 | $16,804,350 | $16,308,350 | 12.5% | $2,042,253 | $1,717,465 | -0.22% |
| 2023/24 | $37,063,000 | $16,678,350 | $16,090,730 | 12.502% | $2,016,716 | $1,721,280 | +5.07% |
| 2022/23 | $36,263,000 | $16,318,350 | $15,690,570 | 12.267% | $1,930,474 | $1,638,249 | +3.95% |
| 2021/22 | $34,909,000 | $15,709,050 | $15,223,050 | 12.235% | $1,868,883 | $1,576,027 | -8.18% |
The complete history of permits filed for 47 East 87th Street, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Carnegie Hill so you can assess current trends, home values, types of properties sold and transaction volume.
View the median home sale price in Carnegie Hill and compare it to other neighborhoods in Manhattan.
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| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | Lexington Ave & 86th St at NW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | 4-5-6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.174 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | Madison Av/E 86 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | M4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.043 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| P.S. 6 Lillie D Blake | 9 | Yes | Public | PK, K-5 | 587 | 0.31 |
| P.S. 6 Lillie D Blake | 9 | Yes | Public | PK, K-5 | 587 | 0.31 |
| St. Davids School | NR | No | Private | PK, K-8 | 0 | 0.12 |
| St. Davids School | NR | No | Private | PK, K-8 | 0 | 0.12 |
| P.S. 169 Robert F Kennedy | NR | No | Public | K-11 | 301 | 0.13 |
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| Jhs 167 Robert F Wagner | 8 | Yes | Public | 6-8 | 1,019 | 0.68 |
| St. Davids School | NR | No | Private | PK, K-8 | 0 | 0.12 |
| P.S. 169 Robert F Kennedy | NR | No | Public | K-11 | 301 | 0.13 |
| International Academy of New York | NR | No | Private | PK, K-8 | 0 | 0.14 |
| Dalton School | NR | No | Private | K-12 | 1,313 | 0.15 |
| Name | Rating | Att. zoned | Type | Grade range | No of students | Distance to school (mi) |
|---|---|---|---|---|---|---|
| P.S. 169 Robert F Kennedy | NR | No | Public | K-11 | 301 | 0.13 |
| Regis High School | NR | No | Private | 9-12 | 530 | 0.14 |
| Dalton School | NR | No | Private | K-12 | 1,313 | 0.15 |
| Trevor Day School Lower | NR | No | Private | PK, K-12 | 0 | 0.16 |
| The Spence School | NR | No | Private | K-12 | 755 | 0.17 |
Data provided by GreatSchools.org © 2025. All rights reserved.
Here are the neighbors for Park Towers - Park Towers - 47 East 87th Street, New York, NY 10128.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 1060 Park Ave, New York | 119,281 | 08/09/2004 | $425,000 |
| 20 E 88th St, New York | 9,995 | 02/08/2016 | $297,500 |
| 21 E 87th St, New York | 2,589 | 01/31/2014 | |
| 11 E 87th St, New York | 78,700 | 08/06/2004 | $895,000 |
| 55 E 86th St, New York | 102,934 | ||
| 55 E 87th St, New York | 156,729 | 12/22/2015 | $790,000 |
| 1070 Park Ave, New York | 180,618 | ||
| 1071 5th Ave, New York | 93,924 | ||
| 1060 5th Ave, New York | 218,907 | 09/07/2006 | $62,380 |
| 1056 5th Ave, New York | 154,575 | ||
| 2 E 88th St, New York | 58,110 | ||
| 6 E 87th St, New York | 16,954 | ||
| 10 E 87th St, New York | 8,000 | 06/17/2002 | |
| 40 E 88th St, New York | 181,011 | ||
| 50 E 87th St, New York | 74,300 | ||
| 4 E 88th St, New York | 57,726 | ||
| 1067 5th Ave, New York | 50,700 | ||
| 60 E 88th St, New York | 74,988 | ||
| 12 E 87th St, New York | 45,000 | 04/30/1985 |
