For Sale · Listing by Compass
85 5th Avenue #8
Flatiron, Manhattan
$8,999,999
85 5th Avenue #8
MLS® #RLS20066700
Listing by Compass
- Studio
- 0.5
- Baths
- 9,300
- Sq. Ft.
- 1901
- Year Built
Quick Summary
Property Highlights
- Character: Pre-war building (1901)
Property Details
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
Building Amenities
Building Information
Financial Details
About Flatiron
View All Flatiron ListingsThe 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 NeighborhoodActive 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
85 5th Avenue #8, Flatiron, New York County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
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) 416-7433Listing 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 Data display by Keller Williams NYC. Data last updated on 8/12/2026 at 4:34 PM UTC
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Quick Facts
Monthly Costs Estimate
$1,800,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$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
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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