87 UNION ST
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Location
87 UNION ST
Mblu
225/ 0532/ 00400/ /
Acct#
225 0532 00400
Owner
44 OLIVE STREET GROUND OWNER LLC
Total Market Value
$54,602,870
Appraisal
$78,004,100
PID
13175
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$69,034,100$8,970,000$78,004,100
Assessment
Valuation YearImprovementsLandTotal
2025$48,323,870$6,279,000$54,602,870

Owner of Record
Owner44 OLIVE STREET GROUND OWNER LLC
Co-Owner
AddressC/O SAFEHOLD INC
1114 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
Sale Price$10,000,000
Certificate
Book & Page 9971/0021
Sale Date02/20/2020
Instrument7

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
44 OLIVE STREET GROUND OWNER LLC$10,000,000 9971/0021702/20/2020
44 OLIVE LIMITED PARTNERSHIP$0 9750/0342308/06/2018
44 OLIVE LP$10,000,000 9742/02270007/18/2018
87 UNION STREET LLC$4,500,000 9500/01922411/16/2016
HILL COMMERCE REALTY COMPANY T $0 0/0 12/01/1960

Building Information
Building 1 : Section 1
Year Built: 2022
Living Area: 318,210
Replacement Cost: $67,378,550
Building Percent Good: 100
Replacement Cost
Less Depreciation:
$67,378,600
Building Attributes
FieldDescription
Style:Apt 1-7 st
ModelCommercial
GradeVg/Exc
Stories:6
Occupancy299.00
Exterior Wall 1Pre-cast Concr
Exterior Wall 2Stone
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Plaste
Interior Wall 2 
Interior Floor 1Vinyl/Asphalt
Interior Floor 2Ceram Clay Til
Heating FuelGas/Oil
Heating TypeFA/HW/ST
AC TypeCentral
Bldg UseAPT5 - 12 MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
NBHD Code 
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & MIN WL
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSFinished Upper Story 307,793 292,403
BASFirst Floor 19,707 19,707
RETRetail Area 6,100 6,100
FGRGarage 63,800 0
PTOPatio 24,596 0
USTUtility, Storage, Unfinished 5,281 0
   427,277 318,210

Extra Features
Extra Features
CodeDescriptionSizeValueAssessed ValueBldg #
SPR2WET/CONCEALED400000.00 S.F.$1,240,000$868,0001
ELV2PASS ELEV6.00 STOPS$186,000$130,2001
ELV2PASS ELEV6.00 STOPS$186,000$130,2001

Land
Land Use
Use Code112C
DescriptionAPT Over12 MDL-94  
ZoneBD1
NeighborhoodL
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)2.73
Frontage0
Depth0
Total Market Land$6,279,000
Appraised Value$8,970,000

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueAssessed ValueBldg #
FN3FENCE-6' CHAIN  480.00 L.F.$3,000$2,1001
SPL1POOL-INGR CONC  1716.00 S.F.$40,500$28,3501
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$69,034,100$8,970,000$78,004,100
2024$69,034,100$8,970,000$78,004,100
2023$69,034,100$8,970,000$78,004,100

Assessment
Valuation YearImprovementsLandTotal
2025$48,323,870$6,279,000$54,602,870
2024$48,323,870$6,279,000$54,602,870
2023$48,323,870$6,279,000$54,602,870

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