85 1st Avenue

85 1st Avenue is a Co-op located in East Village, New York. The building was first built in 1900 and is 124 years old. The lot that the building was built on is 49 feet wide and 70 feet long. The official lot area is listed as 3,370 square feet. In total, 85 1st Avenue has a total floor area of 15,666 square feet. Of that, 11,574 square feet are used for residential purposes. About 4,092 square feet of the building are used for commercial purposes. There are a total of 21 units. Of those, 20 are residential units. There is one commercial unit. 85 1st Avenue has a total of 6 floors.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 19 closings on record, of which we have matching data for 4 listings. In the past 3 years, a listing in this building will typically remain on the market for about 221 days Meaning, listings tend to sell at a median of $1,033 price per square foot. The transaction that took the longest to complete was unit 4B, listed on Mar 07, 2016 for $620,000. This particular unit ultimately sold 255 days later for $620,000. The most recent transaction was for unit 2, sold for $677,250 on Sep 14, 2022. Fun fact, the oldest transaction we have on record took place on Jun 26, 1991. See the full transaction history for 85 1st Avenue below.

East Village, where 85 1st Avenue is located, has a median asking price of $1,195,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $587,000. For interested buyers, that means the building's median asking price is around 0.51% below the neighborhood's median asking price for co-ops. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other co-op buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.