--- title: "85 5th Avenue #8, New York City, NY 10003" description: "85 5th Avenue #8, New York City, NY 10003 — Flatiron, New York City, NY. Listing Price $8,999,999. Studio bed, 5 bath, 9,300 sqft Illustrative Buyer Commission Share of $135,000 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10003/85-5th-avenue-8-ny-10003" source: "Real Estate Rebate Team" status: "Active" --- # 85 5th Avenue #8, New York City, NY 10003 Flatiron, New York City, NY **New Development · Sponsor Residence** Courtesy of Compass ## At a Glance - **Listing Price**: $8,999,999 - **Beds**: Studio - **Baths**: 5 - **Sqft**: 9,300 - **Common Charges**: $0 / mo - **Monthly Taxes**: $18,040 / mo - **Price per Sqft**: $968 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $8,999,999 - **Illustrative Buyer Commission Share**: -$135,000* - **Illustrative Net Cost**: $8,864,999 *Illustrative Buyer Savings of $135,000 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![85 5th Avenue #8, New York City, NY 10003 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/73765565-beb1-48d6-9836-7a339b8b1a30.jpg) ![85 5th Avenue #8, New York City, NY 10003 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f950cc16-14a8-4d88-9602-f7e27fc2bc48.jpg) ![85 5th Avenue #8, New York City, NY 10003 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/89d79bd4-4a33-4ed0-a757-388352150365.jpg) ![85 5th Avenue #8, New York City, NY 10003 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2f6af305-beb7-4602-a5f1-c72f2edfab1c.jpg) ![85 5th Avenue #8, New York City, NY 10003 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b561bafa-4a05-4c26-be4e-1b6d7387563f.jpg) ![85 5th Avenue #8, New York City, NY 10003 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/705720c1-6950-4223-97e1-67048c741588.jpg) ![85 5th Avenue #8, New York City, NY 10003 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3a1aae97-b686-40bc-9e79-5552c3df4024.jpg) ![85 5th Avenue #8, New York City, NY 10003 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2272127a-cd57-4d61-8a74-4ac0d6214831.jpg) ![85 5th Avenue #8, New York City, NY 10003 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/064a2476-46e1-413a-b0b1-b68999b33c45.jpg) ![85 5th Avenue #8, New York City, NY 10003 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3bf66973-f38d-449e-ba3f-a49b474ff18f.jpg) ## Property Overview 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 ## Property Details - **Property Type**: Co-op - **Baths**: 2.5 - **Rooms**: 7 - **Sqft**: 9,300 sqft - **Stories**: 13 - **Year Built**: 1901 - **Price per Sqft**: $968 - **Common Charges**: $0.01 / Monthly - **Monthly Taxes**: $18,040 / mo - **Listed On**: Jan 13, 2026 - **Days on Market**: 243 Days ### Residence Features - See Remarks ## Buying in a new development? Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo. [Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc) ## Sales Evidence ### How this price compares The median closed price for comparable co-op studio sales in Flatiron is $573,750, based on 18 sales between October 2024 and June 2026. This home is asking $8,999,999, $8,426,249 above that median. The middle half of those sales closed between $521,750 and $686,000. - **Median closed price**: $573,750 - **Middle half**: $521,750 – $686,000 - **Based on**: 18 co-op studio sales in Flatiron - **Period**: October 2024 – June 2026 Square footage is recorded for only 0 of these 18 sales (0%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 18 of these sales with a published asking price, the median closed at 96.4% of what it originally asked. 94% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Flatiron instead. ### How these sales were negotiated - **Sold vs original ask**: 96.4% of the original ask - **Closed below ask**: 94% of 18 sales - **Listed → in contract**: 101 days (about 14 weeks) - **In contract → closed**: 94 days (about 13 weeks) Across the 18 of these sales with a published asking price, the median closed at 96.4% of what it originally asked. 94% of them closed below the original ask. Half of these homes were in contract within 101 days (about 14 weeks) of coming to market, based on the 18 with a recorded listing date. Once a deal was agreed, closing took a further 94 days (about 13 weeks), based on the 18 with both dates recorded. A co-op board package and its interview account for much of that. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 18 co-op studio sales in Flatiron, October 2024 – June 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op studio sales in Flatiron, 2017 to 2025. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $580,000 | 12 | | 2021 | $501,930 | 15 | | 2022 | $530,000 | 18 | | 2024 | $601,250 | 16 | | 2025 | $570,000 | 12 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Flatiron instead. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 85 5th Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/85-5th-avenue) ## Property Taxes This apartment is part of a co-op that is taxed as one lot. The corporation’s 2026 property tax bill was $1,434,932 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 85 5th Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/85-5th-avenue) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 85 5th Avenue Flatiron · Stock Cooperative 85 5th Avenue, New York, NY 10003 A building in Flatiron, currently featuring 1 active listing. - **Year Built**: 1901 - **Total Units**: 1 - **Floors**: 13 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/85-5th-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [8](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10003/85-5th-avenue-8-ny-10003) | Studio | 5 | 9,300 sqft | $968 | $8,999,999 | Compass | Jan 13, 2026 | 242 days | ## Estimated Monthly Payment **$63,549 / month**, assuming a 20% down payment ($1,800,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $45,509 - **Property Taxes**: $18,040 - **Common Charges**: $0 Estimates only. Actual payments may vary. Confirm terms with your lender. ## This is a new development purchase Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price. - [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator) - [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) - [More new developments](https://realestaterebatesnewyork.com/new-developments) ## Flatiron Overview of Flatiron [Explore Flatiron](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Flatiron - [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Chelsea real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chelsea) - [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village) - [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) - [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town) ## Related Links - [85 5th Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/85-5th-avenue) - [Flatiron neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > 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. ©2026 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 the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.