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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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  1. Home
  2. Buy
  3. New York City
  4. Queens
  5. 11372
  6. 37-56 87th Street #3
Property thumbnail
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Stock Cooperative•Jackson Heights

37-56 87th Street #3, New York City, NY 11372

Listing Courtesy of EXP Realty NYC

$239,000

Potential Rebate: $3,585

Stock Cooperative
Studio
1 Bath
2 Rooms
Built 1951
6 Stories
Listed on Jul 10, 2025
170 days on market
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Overview

Own This Top-Floor Designer Studio for Under $2,000/Month — Plus $5,000 in Closing Credits!<br><br>Gut Renovated Studio with High-End Finishes for Sale. Own a luxury space for less than the cost of renting!<br><br>This stunningly gut-renovated studio is a perfect blend of style and functionality. Every detail has been thoughtfully curated, from the brand-new floors to the recessed lighting throughout.<br>The sleek kitchen features stainless steel appliances, a subway tile backsplash, elegant marble flooring, and eye-catching blue cabinets with gold hardware.<br>Enjoy an abundance of natural light through multiple windows, making the space feel bright and airy all day long. The oversized, spa-like bathroom is a true retreat, complete with a glass sliding door, neutral tones, and a massive walk-in closet for all your storage needs.<br>Move-in ready and designed to impress—this is a must-see to truly appreciate the high-end finishes and craftsmanship throughout.<br><br>Nestled in the vibrant Jackson Heights neighborhood, Monticello Gardens is a conveniently located six-story, 167-unit elevator building erected in 1951. Situated on a serene tree-lined block, it offers a host of amenities, including parking (waiting list), laundry facilities, bicycle storage, and a live-in super. Pets are welcome, and subletting is permitted after two years, subject to board approval as per house rules. Within a short distance of local amenities and transportation, residents can relish easy access to dining, shopping, and entertainment options. The building is well-maintained with no flip tax.

Home Features

  • •Window Unit(s)
  • •Common Area
  • •Building Storage

Estimated Monthly Payment

$1,757 per month

30 year fixed, 6.28% Interest

Principal and Interest
$1,181
Property Taxes
$0
Maintenance/Common Charges
$576

Estimated Rebate for this Home

One-time rebate at closing

$3,585

Monthly savings impact

$10/mo

💡 Estimated at 1.5% of purchase price

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).

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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

The Real Estate Rebate Team

Listing Courtesy of EXP Realty NYC

Data Source: TRESTLE #RLS20053095

REBNY Logo

Price Analysis

Compare average listing prices and value metrics for 37-56 87th Street against the surrounding Jackson Heights market.

Based on 2 active units in building vs 56 in area

Average List Price

Building$468.5K
Neighborhood$502.2K

Price Per SqFt

Building Avg$4/ft²
Neighborhood Avg$380/ft²
Value Opportunity

98.91% Lower

than the Jackson Heights price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Jackson Heights

Overview of Jackson Heights

Jackson Heights is the most diverse neighborhood in the world. Literally. With over 160 languages spoken, it is a sensory explosion of color, culture, and cuisine. For buyers seeking Jackson Heights Queens real estate, it offers historic garden apartments and a vibrant street life.

Living in Jackson Heights is an adventure. You travel from India to Colombia in a single block. As a Queens NYC neighborhood, it is a global destination.

Real Estate & Housing Market

The market for homes for sale in Jackson Heights is famous for its "Garden Apartments"—historic co-ops built around massive private internal gardens.

These pre-war gems are highly sought after and landmarked.

Lifestyle & Community

The lifestyle in Jackson Heights is communal. The Open Streets on 34th Ave have transformed the neighborhood.

The community is a mix of South Asian, Latino, and increasingly young families seeking space.

Transportation & Accessibility

Jackson Heights is a express stop (Roosevelt Ave) for the E, F, M, R and 7 trains. Commuting is fast.

Parks, Schools & Amenities

Travers Park is the main public park. The internal gardens of the co-ops are the real secret.

Amenities: The jewelry stores on 74th St and the arepa carts on Roosevelt Ave.

Who This Neighborhood Is Best For

Jackson Heights is best for diversity lovers, garden enthusiasts, and those who want a vibrant, non-gentrified feel.

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