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
Mortgage Calculator
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.
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.