New York City · Commercial sale
40-42 West 87 Owner buys 40 West 87th Street in Manhattan for $9 million
An apartment building at 40 West 87th Street, Manhattan sold for $9,000,000 on August 24, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $9,000,000
- Sold
- August 24, 2026
- Property type
- Apartment building
- Building area
- 7,047 sq ft
- Price per sq ft
- $1,277
- Year built
- 1892
The $9,000,000 sale was 64% above the $5,498,000 market value on record. The New York City Department of Finance's ACRIS property records show the sale took place on August 24, 2026.
The deed covers 2 parcels. 40 West 87th Street is the largest one we could identify. The record lists 40-42 West 87th Street, LLC as the seller and 40-42 West 87 Owner LLC as the buyer.
The NYC Department of Finance's records show 7,047 square feet of building area, a 2,215-square-foot lot and a build year of 1892. The price works out to $1,277 per square foot.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in New York City?
By our estimate, the seller's two largest charges, not counting prorations, were $236,250 for the nYC real property transfer tax (commercial/other) and $36,000 for the nY State real estate transfer tax. Who pays what follows New York City custom.
How much did the seller net?
By our estimate, the seller netted about $8,829,548. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $9,160,771 at closing. That covers the full price and closing costs.
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Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026083100488001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
