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Map
$3,150,000
●
Co-op -
Off Market
38 E 85th St #5A
Manhattan, NY 10028
3 Beds
2 Baths
1700 Sqft
$16,132
Estimated Monthly
$664
HOA / Fees
3.56%
Cap Rate
About This Property
A rarely available and classic prewar apartment with three bedrooms
and two bathrooms located in the heart of the Upper East Side and
the maintenance is only $664. This quiet and thoughtfully laid out
apartment is in very good condition. There is a large entrance
foyer with a coat closet which leads to a formal living room with
high ceilings, crown moldings and original hardwood floors. The
adjacent dining room is ideal for intimate gatherings, entertaining
or family dining and has direct access to the pass-through kitchen.
The windowed kitchen has been fully renovated and features high end
integrated appliances, limestone countertops and stone floors.
The master bedroom is generously proportioned with a custom built walk-in closet and en suite renovated windowed bathroom featuring marble floors, wall tiles and a standing shower. The adjacent second bedroom features custom built organizers and large closet space. A secondary bathroom is conveniently located between the two bedrooms and features upgraded fixtures as well as a shower with a bathtub.
This expertly managed coop enjoys great income from the store front along Madison Avenue. The substantial cash flow from the retail space is the main reason for the very low maintenance of only $664. The building lobby has been completely renovated. Currently the building is upgrading its auxiliary storage room to ensure there is a locker for each apartment, adding a fitness center, bicycle storage room, central laundry facility, and a conference room. In order to create the finest financially sound coop and boost the capital reserves, there is currently a limited time assessment of $849 per month.
38 East 85th Street is located on a beautiful tree-lined block just steps from Madison and Park Avenues, Central Park, major cultural institutions, fine shopping, top restaurants and public transportation. Surrounded by the best schools in Manhattan, this full-service, pet-friendly building was built in 1925 by Schwartz & Gross and has a full-time doorman, private storage, bike room and central laundry facilities. 50% financing is permitted.
The master bedroom is generously proportioned with a custom built walk-in closet and en suite renovated windowed bathroom featuring marble floors, wall tiles and a standing shower. The adjacent second bedroom features custom built organizers and large closet space. A secondary bathroom is conveniently located between the two bedrooms and features upgraded fixtures as well as a shower with a bathtub.
This expertly managed coop enjoys great income from the store front along Madison Avenue. The substantial cash flow from the retail space is the main reason for the very low maintenance of only $664. The building lobby has been completely renovated. Currently the building is upgrading its auxiliary storage room to ensure there is a locker for each apartment, adding a fitness center, bicycle storage room, central laundry facility, and a conference room. In order to create the finest financially sound coop and boost the capital reserves, there is currently a limited time assessment of $849 per month.
38 East 85th Street is located on a beautiful tree-lined block just steps from Madison and Park Avenues, Central Park, major cultural institutions, fine shopping, top restaurants and public transportation. Surrounded by the best schools in Manhattan, this full-service, pet-friendly building was built in 1925 by Schwartz & Gross and has a full-time doorman, private storage, bike room and central laundry facilities. 50% financing is permitted.
Unit Size
1,700Ft²
Days on Market
-
Land Size
-
Price per sqft
$1,853
Property Type
Co-op
Property Taxes
-
HOA Dues
$664
Year Built
1925
Last updated: 5 months ago ( #PDES-2638623)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 9, 2018 | No longer available | - | |
No longer available | |||
Feb 7, 2018 | Sold to Ari House, Jessica Levitas | $2,700,000 | |
Sold to Ari House, Jessica Levitas | |||
Oct 26, 2017 | Listed | $2,965,000 | |
Listed | |||
|
|||
IN CONTRACT - Located in a full-service building on a beautiful
tree-lined street one block from Central Park, this prewar coop has
a monthly maintenance of only $664! You enter this lovely, quiet
apartment through a spacious gallery which opens to a well
proportioned Living Room with 9ft beamed ceilings, crown moldings
and original hardwood floors. French doors lead to a Formal Dining
Room. The renovated, windowed Chef's kitchen has high end
appliances, limestone counters, and stone…
|
|||
Feb 17, 2017 | Listed by Elliman | $3,150,000 | |
Listed by Elliman |
Property Highlights
Doorman
Elevator
Garage
Interior Details
Room Information
Rooms: 6
Exterior Details
Property Information
PropertySubType: Apartment
Living Area: 1700
Living Area Units: SquareFeet
Building Information
Stories (Total): 14
Financial Details
Flip Tax Remarks: 2%
Flip Tax Type: Percent
Tax Deduction Percent: 45
Location Details
Association Fee: $664
Pets Allowed: Unit No
Other Details
Coexclusive: No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Co-op
3
Beds
2.5
Baths
2,100 ft²
$1,238/ft²
$2,600,000
Oct 14, 2014
-
Feb 5, 2021
$3,618/mo
Condo
2
Beds
2
Baths
1,239 ft²
$2,179/ft²
$2,700,000
Apr 8, 2014
$2,700,000
Dec 17, 2014
$2,632/mo
Co-op
4
Beds
4
Baths
2,300 ft²
$1,500/ft²
$3,450,000
Nov 8, 2012
-
Feb 5, 2021
$3,506/mo
Co-op
3
Beds
3
Baths
-
$3,160,000
Sep 13, 2022
$3,160,000
Jan 24, 2023
$5,021/mo
Co-op
3
Beds
3
Baths
-
$2,900,000
Sep 8, 2011
$2,900,000
Dec 31, 2012
$3,717/mo
Co-op
3
Beds
3.5
Baths
-
$3,400,000
Oct 15, 2014
-
Feb 5, 2021
$4,477/mo
Active
Co-op
3
Beds
4
Baths
2,700 ft²
$1,109/ft²
$2,995,000
Dec 1, 2022
-
$6,194/mo
Active
Condo
2
Beds
2
Baths
1,312 ft²
$2,401/ft²
$3,150,000
Nov 13, 2023
-
$3,500/mo
Active
Condo
2
Beds
2
Baths
1,300 ft²
$2,192/ft²
$2,850,000
Nov 2, 2023
-
$1,143/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
07/12/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$1,600,000
2 Bed
2 Bath
1200 ft²
|
$1,600,000
11/13/2023
|
-
|
Rebecca Orbach
Compass
|
|
11/30/2022
|
2 Bed
|
2 Bath
|
-
|
$1,200,000
2 Bed
2 Bath
|
$1,150,000
-4.17%
09/11/2023
|
EUGENE LITVAK
Compass
|
||
09/10/2020
|
3 Bed
|
3 Bath
|
-
|
$1,995,000
3 Bed
3 Bath
|
$2,034,000
+1.95%
02/05/2021
|
Hannah Bomze
Casa Blanca Real Estate
|
||
06/27/2017
|
2 Bed
|
2 Bath
|
-
|
$1,995,000
2 Bed
2 Bath
|
$1,790,000
-10.28%
01/03/2018
|
Jacob Franco
Douglas Elliman Real Estate
|
||
02/17/2017
|
3 Bed
|
2 Bath
|
1700 ft²
|
$3,150,000
3 Bed
2 Bath
1700 ft²
|
$2,700,000
-14.29%
02/07/2018
|
Yehiel Tirosh
Elliman
|
||
01/18/2017
|
2 Bed
|
2 Bath
|
-
|
$1,400,000
2 Bed
2 Bath
|
$1,130,000
-19.29%
05/01/2018
|
-
|
Bonnie Chajet
Coldwell Banker Warburg
|
|
09/13/2016
|
2 Bed
|
2 Bath
|
-
|
$1,649,000
2 Bed
2 Bath
|
$1,410,000
-14.49%
01/02/2018
|
-
|
Dan Benichou
The Corcoran Group
|
|
02/03/2016
|
2 Bed
|
2 Bath
|
-
|
$1,795,000
2 Bed
2 Bath
|
$1,775,000
-1.11%
08/10/2016
|
Amanda Brainerd
Brown Harris Stevens Residential Sales LLC
|
||
11/11/2015
|
2 Bed
|
1.5 Bath
|
-
|
$1,749,000
2 Bed
1.5 Bath
|
-
06/08/2016
|
Louise Devlin
Brown Harris Stevens Residential Sales LLC
|
||
04/22/2015
|
2 Bed
|
2 Bath
|
-
|
$1,795,000
2 Bed
2 Bath
|
$1,782,650
-0.69%
08/20/2015
|
Heide Gold
Corcoran Group
|
||
04/07/2013
|
3 Bed
|
4 Bath
|
-
|
$7,600,000
3 Bed
4 Bath
|
-
-
|
-
|
John Burger
Brown Harris Stevens
|
|
10/31/2012
|
1 Bed
|
1 Bath
|
-
|
$1,200,000
1 Bed
1 Bath
|
-
05/09/2013
|
Florrie Milan Beldock
Brown Harris Stevens Residential Sales LLC
|
||
02/29/1996
|
5 Bed
|
4 Bath
|
2700 ft²
|
$1,100,000
5 Bed
4 Bath
2700 ft²
|
$1,100,000
02/12/1997
|
-
|
Sharon Baum
The Corcoran Group
|
Building Info
38 East 85th Street
38 East 85th Street, New York, NY 10028
- 66 Units
- 1 Unit for Sale