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85 5th Avenue 8New York, NY 10003

For Sale

$8,999,999

Smart Buyer Rebate $112,500

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

Listed by David Graff

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Compass

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(917) 664-1452

Last updated January 20, 2026

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Source: REBNY #RLS20066700

Listing Facts

  • TypeCo-op
  • NeighborhoodUnion Square
  • Bathrooms2.5
  • Days on Prevu18
  • Taxes$216,480/year
  • Size9,300 sqft
  • Price per sqft$968

Location

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Listing History

01/13/2026
Listed by Compass
$8,999,999

Estimated Closing Costs

Total
$211,999
Attorney Fees
$4,000
NYC Mansion Tax
$202,499
Bank Attorney
$1,500
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $8,999,999 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 85 5th Avenue 8

Association

Amenities

  • Pets Allowed: Building No, No

Exterior

Construction

  • Number Of Units Total: 13
  • Stories Total: 13
  • Structure Type: High Rise
  • Year Built: 1901
  • Entry Level: 1

Features

  • Building Features: Elevator(s)

Measurements

  • Lot Size Dimensions: 49
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 0844-0001-00085-000-0008FLO
  • Tax Annual Amount: $216,480.00

Interior

Measurements

  • Living Area: 9,300
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Half: 5
  • Bathrooms Total Integer: 5
  • Rooms Total: 7

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Flatiron
  • Tax Block: 00844
  • Tax Lot: 0001

Utilities

Equipment

  • Laundry Features: See Remarks

Frequently Asked Questions

How many bedrooms and bathrooms does this co-op have?

There is bedrooms and 2.5 bathrooms in this co-op at 85 5th Avenue 8.

What are the annual taxes for 85 5th Avenue 8?

Annual taxes for this co-op are estimated at $216,480.

How does 85 5th Avenue 8 compare to other co-ops in Union Square?

This co-op is listed 379% above the average price for co-ops in Union Square and has been on the market for 87 less days than the typical home in this area.

What is the square footage on this co-op?

According to the MLS, this listing is 9,300 sqft.

85 5th Avenue 8 is a -bedroom, 2.5-bath co-op for sale in New York NY 10003. On Prevu for 18 days at $8,999,999. This residence features 9,300 square feet of living space, located in Union Square. The median listing price for co-ops in this area is $2,795,000. View other co-op listings in Manhattan.

Based on information from Real Estate Board of New York and/or other sources. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.