Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
85 5th Avenue #8

For Sale · Listing by Compass

85 5th Avenue #8

Flatiron, Manhattan

$8,999,999

Interested in this property?
Active For Sale Co-op

$8,999,999

$968 per sq ft

85 5th Avenue #8

Flatiron, Manhattan

MLS® #RLS20066700

RLS at REBNY

Listing by Compass

Studio
0.5
Baths
9,300
Sq. Ft.
1901
Year Built

Quick Summary

Bedrooms Studio
Bathrooms 5 full, 5 half
Living Area 9,300 sq ft
Lot Size 6,949.67 sq ft
Year Built 1901
Ownership Co-op
Maintenance $0.01/mo
Property Taxes $216,480/yr
Neighborhood Flatiron
Floor 1 of 13

Property Highlights

  • Character: Pre-war building (1901)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 7
Baths 0 Full, 5 Half
Floor 1 of 13
Pets Yes
Year Built 1901
Living Area 9,300 sq ft
Structure Type HighRise
Furnished Unfurnished
Lot Size 6,949.67 sq ft
Parcel # 0844-0001-00085-000-0008FLO
Block/Lot 00844/0001

Listing History

Event Date Price Change
Listed Jan 13, 2026 $8,999,999 -
Currently Aug 12, 2026 $8,999,999 -

Description

Opportunities to purchase at 85 Fifth Avenue are exceptionally rare—so rare, in fact, that this marks the first office sale in the building in more than 10 years. Positioned along one of Manhattan’s most iconic corridors, at the intersection of Union Square, Flatiron, and Greenwich Village, 85 Fifth Avenue offers buyers a chance to secure long-term ownership in a tightly held cooperative where supply is virtually nonexistent. The available space benefits from strong natural light, efficient proportions, and flexible layouts ideal for owner-users, professional firms, or investors seeking stability in a premier Fifth Avenue location. The building’s classic prewar architecture conveys permanence and credibility, while modern systems support today’s office needs. The building is completely electric, will not be subject to any NYC Local Law 97 carbon emission fines in 2030, and boasts an Energy Efficiency Grade of 97. Some space highlights include brand new electric baseboard heating, 3 Zone HVAC, 5 private bathrooms, 11 ½ foot ceilings and lots of oversized windows bringing in great natural light. With leasing costs continuing to fluctuate and quality inventory shrinking, ownership at 85 Fifth Avenue provides control, predictability, and insulation from market volatility—advantages that have clearly motivated existing shareholders to hold for decades. This offering represents a once-in-a-generation opportunity to establish a lasting presence on Fifth Avenue in a building where ownership rarely changes hands. Perfect for an owner/user or an investor, as the space can be easily reconfigured or subdivided to meet your needs. The ground floor retail is anchored by the recently opened New York Flagship Nespresso Experience Store. Asking Price is 8.99M RE Tax/CAM is $18,040 Per Month

Features & Amenities

Interior Features

See Remarks

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Total Units 13
Stories 13
Structure HighRise

Financial Details

Maintenance $0.01/mo
RE Taxes $216,480/yr ($18,040/mo)

The Flatiron District is a busy intersection of history, technology, and luxury living. Named after the iconic Flatiron Building, the neighborhood is centered around Madison Square Park and is a hub for the city's 'Silicon Alley.' The real estate market is famous for its grand cast-iron loft buildings with high ceilings and expansive floor plans, alongside ultra-luxury glass towers that offer modern amenities and central Manhattan convenience.

Flatiron Live Market Data

View Neighborhood

Active Listings

96

Median Asking Price

$2.23M

Median $/Sqft

$1,839

Avg Days on Market

N/A

New This Week

1

Price Reduced

31%

Sold (30 Days)

7

Median Sale Price

$1.95M

Live data from RLS at REBNY • Updated 8/12/26, 12:34 PM EST

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Location

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85 5th Avenue #8, Flatiron, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
13
Floors
C6-4M
Zoning District
Historic District: Ladies' Mile Historic District

Tax & Assessment

Assessed Value: $14,012,100
Land Value: $2,250,000
Exemptions: $0

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

Lot Area: 7,990 SF
Building Area: 103,022 SF
Built FAR: 12.89
Allowed FAR: 10

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 $0.01 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $216,480, or roughly $18,040 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 0 full bathrooms and 5 half bathrooms.

The listed interior living area is 9,300 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1901, making it approximately 125 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.

Pet policy requires confirmation with Milton Coste.

At the current list price of $8,999,999 for 9,300 sq ft, the asking price per square foot is approximately $968. This figure is for reference only and may differ from appraised or assessed values.

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: RLS20066700
First Listed: 1/13/2026
On Market: 1/13/2026
Price Changed: 1/13/2026
Contract Date: 1/3/2026

Listing Courtesy of Compass - David Graff

Listing Contact: (917) 664-1452

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 8/12/2026 at 4:34 PM UTC

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Flatiron Market Update

7 sales last 30 days · $2.23M median · 13.7 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Co-op Neighborhood Flatiron Borough Manhattan
County New York
Floor 1 of 13
Year Built 1901
First Listed 1/13/2026
Living Area 9,300 sqft
Maintenance $0.01/mo
Annual Tax $216,480

Monthly Costs Estimate

Down Payment 20%

$1,800,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $0.01
Est. Taxes $18,040
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $5M to $9,999,999 at 2.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$202,500

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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