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Now offered at $7, 649, 000, 506 East 87th Street presents a rare opportunity to own a move-in ready Upper East Side townhouse with a private garage, expansive outdoor space, and beautifully renovated interiors just moments from Carl Schurz Park.
Spanning four levels plus a cellar, this 18-foot-wide single-family residence blends timeless architectural character with modern comfort and functionality. Rather than feeling overly formal, the home was carefully reimagined for effortless day-to-day living while still offering the scale and elegance expected of a classic Upper East Side townhouse.
At the center of the home, the dramatic parlour level showcases soaring ceilings, restored original details, oversized windows, and gracious entertaining spaces filled with natural light. A formal living room anchored by a marble fireplace flows seamlessly into an elegant dining area, while a striking glass extension at the rear draws sunlight deep into the home and creates a beautiful architectural focal point. This level also offers the flexibility for an additional bedroom, office, or guest suite.
The garden level was designed for comfortable everyday living and easy entertaining. A spacious open kitchen features abundant storage, double ovens, a wine refrigerator, generous prep space, and oversized glass doors that open directly to the landscaped garden, creating a seamless indoor-outdoor connection. Direct access from the private garage adds a level of convenience rarely found on the Upper East Side.
The upper floors offer five bedrooms, multiple renovated bathrooms, and exceptional flexibility for changing lifestyle needs over time. The primary suite occupies the front portion of the third floor and includes a large walk-through closet along with a spa-like bathroom featuring a soaking tub and double vanity. At the rear of this level, an additional bedroom or office opens onto a beautifully planted private terrace overlooking surrounding gardens. The top floor includes three additional bedrooms, excellent natural light, and a practical layout well suited for guests, offices, or family living.
Additional highlights include central air conditioning, extensive storage throughout, multiple outdoor spaces, a full cellar with laundry, and annual taxes under $36, 000.
Located on a quiet tree-lined Upper East Side block near Carl Schurz Park, the East River Promenade, Asphalt Green, and many of the neighborhood's most beloved restaurants and schools, 506 East 87th Street offers a rare combination of warmth, scale, privacy, and convenience.
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
$7,649,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $6,119,200 | $6,119,200 | $6,119,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.259% | 6.183% |
| Monthly Tax Payment | $2,941 | $2,941 | $2,941 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $34,744 | $37,181 | $51,637 |
| Total Monthly Payment | $37,810 | $40,247 | $54,703 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.