Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $348,888

Listed at $348,000 · Sold 0.3% above asking · Closed March 20, 2025

37-50 87th Street #5G
Closed For Sale Co-op

$348,000

37-50 87th Street #5G

Jackson Heights, Queens

37-20 87th Street

MLS® #RLS11011331

RLS at REBNY

Listing by CORE Group Marketing LLC

1

Bedroom

1

Bath

N/A

Sq. Ft.

1951

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Lot Size 49,999 sq ft
Year Built 1951
Ownership Co-op
Maintenance $720/mo
Parking Garage
Neighborhood Jackson Heights
Floor 5 of 6

Property Highlights

  • Parking: Private garage
  • New Construction: Brand new building

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 5 of 6
Pets Yes
Year Built 1951 (New)
Parking Garage Available
Structure Type HighRise
Furnished Unfurnished
Lot Size 49,999 sq ft
Block/Lot 01474/0012

Listing History

Event Date Price Change
Listed Sep 23, 2024 $348,000 -
Currently Jun 6, 2026 $348,000 -

Description

Be the first to live in this brand-new, fully renovated home! Super bright and spacious, this west and south-facing home welcomes you with its gracious foyer, massive living room, a dedicated dining alcove, large eat-in windowed kitchen, king-size corner bedroom, ample closets, and incredible natural light bouncing off of its beautifully refinished hardwood floors. Immaculately renovated, the kitchen boasts custom shaker cabinetry, extra-wide drawers, custom compartments, exquisite tile work, stone counters, and a full line of stainless steel appliances, including a five-burner stove. The bath showcases three distinct, masterfully arranged tile textures, along with a floating vanity sink, a glass-enclosed shower, and high-quality fixtures. And of course, the entire parameter of this home underwent a complete cosmetic overhaul, including skim-coated walls, refinished floors, new molding, replaced interior doors, and much more. Conveniently located on a serene tree-lined block, Monticello Gardens is a 167-unit, six-story, elevator building that was erected in 1951. It offers waitlist parking, laundry facilities, bicycle storage, and a live-in super. The building has no flip tax and permits pets, as well as sublets, with board permission as per house rules. It is within a short distance of all local amenities and transportation. Sublets, pets, and co-purchases are permitted with board approval. Showings are by appointment. Call to schedule!

Features & Amenities

Interior Features

Building In Basement In Basement

Building Information

Financial Details

Maintenance $720/mo
Sale Price $348,888

Jackson Heights is a landmarked planned community originally built in the early 1900s, featuring prewar garden cooperatives with interior courtyards that are listed on the National Register of Historic Places. Approximately 80% of the housing stock consists of co-ops, with the remainder split among attached single-family homes, multi-family row houses, and detached residences, all served by the 7, E, F, M, and R trains at the Roosevelt Avenue hub. Travers Park provides green space, and the commercial corridors along Roosevelt Avenue and 37th Avenue anchor the neighborhood's retail activity.

Jackson Heights Live Market Data

View Neighborhood

Active Listings

68

Median Asking Price

$443K

Median $/Sqft

$615

Avg Days on Market

N/A

New This Week

2

Price Reduced

28%

Sold (30 Days)

5

Median Sale Price

$471K

Live data from RLS at REBNY • Updated 6/6/26, 12:07 PM EST

Similar Listings in Jackson Heights

View All

Location

Loading map...

37-50 87th Street #5G, Jackson Heights, Queens County

Building Information

Official NYC property records for this building

1951
Year Built
75 years old
6
Floors
167
Residential Units
R7-1
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $6,037,200
Land Value: $1,350,000
Exemptions: $75,382

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 50,000 SF
Building Area: 168,600 SF
Built FAR: 3.37
Allowed FAR: 3.44

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $720 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1951, making it approximately 75 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS11011331
First Listed: 9/23/2024
On Market: 9/23/2024
Closed: 3/20/2025
Contract Date: 9/23/2024

Listing Courtesy of CORE Group Marketing LLC - Armen Meschian

Listing Contact: (212) 419-8580

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 6/6/2026 at 4:07 PM UTC

Buying a Co-op? Start Here

Complete Guide to Queens Real Estate 2026

Neighborhoods, pricing, commutes, and investment across Queens.

Read article

Jackson Heights: Architecture & Real Estate

Historic co-op gardens, pricing, and the varied Queens market.

Read article

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

How to Ace Your Co-op Board Interview

What boards look for, common questions, and how to prepare.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton