38 E 85th Street, #1Loading

Co-op For Sale Manhattan, Upper East Side

Web ID # RLS20070671

Listed: 01/13/2026

$950,000Loading

2 Beds 1 Baths

Common Charges: $1,612/month

Mortgage Est: $.../month

38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1
38 E 85th Street, #1

Co-op For Sale Manhattan, Upper East Side

Web ID # RLS20070671

Listed: 01/13/2026

2 Beds 1 Baths

Common Charges: $1,612/month

Mortgage Est: $.../month

  Listing Courtesy of Sothebys International Realty

  Harry Nasser

Contact Agent

Gea Elika

 212-590-0540

Inquire about 38 E 85th Street, #1


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Description

Pre-Approved Conversion Opportunity. An exceptional opportunity to convert the space to a two-bedroom apartment in one of the Upper East Sides most desirable locations, situated on the corner of Madison Avenue and 85th Street. Both the Co-op board and the New York City Department of Buildings have approved the conversion, offering a clear and viable path to residential use. The approved residential layout reconfigures the unit into a highly desirable two-bedroom home featuring a spacious living and dining area with an open kitchen, two bedrooms, one bathroom, a washer/dryer, an entry foyer, and ample storage throughout. This ground-floor space features very high ceilings, central air conditioning, direct access to the street, and east, west, and north exposures. Please refer to the floor plan in the listing for the suggested layout. The current owners have recently obtained approvals from the Co-op board and Dept of Buildings Pre-Determination approval. The conversion approval plans were completed by architect Marta Satwin-Ramberg of Satwin Architect, P.C., who can also assist the new owners in obtaining final permits. The pictures were virtually staged to provide visual inspiration for the completed apartment. Whether retained as a professional office or transformed into a stylish residence, this property represents outstanding value in a premier Manhattan neighborhood. Located on a charming, tree-lined street in the heart of Carnegie Hill, the property is just one block from Central Park, and half a block from Equinox Fitness, Butterfield Market, Starbucks, and Le Pain Quotidien Caf. You are minutes away from wonderful restaurants, cafs, and designer stores. Neighborhood cultural landmarks, including the Metropolitan Museum of Art and the Guggenheim Museum, are just a few blocks away. Convenient access to the 4, 5, 6, and N, Q, R subway lines ensures seamless connectivity. 38 East 85th Street is a pre-war Co-op built in 1925 by Schwartz & Gross. The building offers full-service amenities with a 24-hour doorman, porters, and a building manager. There is a well-equipped gym, a recreation room, and a bike room. Pets, washer/dryers, and up to 50% financing are allowed. Pieds--terre and subletting are not allowed. There is a 2% flip tax. A capital assessment of $358 per month is in effect through December 2026 and $597 per month through December 2027, for elevator modernization. A rare offering with low maintenance, flexibility, location, and upside. Not to be missed. Please contact us to schedule an appointment.

Highlights

  • Doorman
  • Central Air
  • Elevator
  • Washer / Dryer

Building Information

  • Building Type: High-rise
  • Year Built: 1922

Mortgage Calculator

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$
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%
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$/month
/year
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Your mortgage payments over years will add up to .
Estimated monthly payment: $.

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Purchase Price

Property Type

Mansion Tax
Title Insurance
Attorney Fee
Move-In Deposit
Title Search
Survey Fees
Board Application Fees
Move-In Fee
Title Search
Recording Fees (Deed)
Lien Search
Credit Check

Mortgage Financing Costs

Mortgage Recording Tax
Title Insurance
Bank Attorney Fee
Loan Application Fee
Appraisal Fee
Mortgage Recording Fee
Aztech Recognition Agreement Fee
UCC-1 Filing Fee

New Construction Costs

NYC Transfer Tax
NY State Transfer Tax
Sponsor's Attorney Fee
Total
Total
Total
Email Me Closing Costs
Export PDF
Export CSV
  View closing costs
  View Post Closing Liquidity Calculator
$
$
Property Type
Amount Financed
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$
Estimated Closing Costs
$
Post-closing liquidity without 401k
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months
  View more details
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