Perched atop a prewar building on 85th Street off of Madison Avenue, this renovated 8-room penthouse has a wrap-around terrace and offers a gracious layout with wonderful architectural detailing.  Spanning the full floor, this sundrenched penthouse has a private elevator landing and is surrounded by a magnificent 3,600 square foot (+/-) wrap-around terrace offering panoramic city and Park views.    The residence features beamed high ceilings, hardwood flooring, bay windows, French doors, transomed doorways and ample closets.  All of the public rooms of the home emanate from a stately 11-foot gallery.  The 24-foot corner living room has a fireplace, large picture windows, and has glass doors leading to the 87-foot North terrace, the Eastern terrace and a delightful Southern solarium.  A 22-foot library/family room has floor-to-ceiling windows flanking a glass door leading to the 100-foot Western terrace.  The corner dining room has a bay window, French doors, and access to the North terrace.   The spacious eat-in-kitchen can be accessed through the dining room or foyer, has granite countertops, attractive cabinetry, updated appliances, a large bay window.  Located along a private corridor, there are three bedroom suites, each with terrace overlooks.   The 22-foot corner master suite has a walk-in closet and a large bath with double-sinks and a separate shower and tub.  There is a second bedroom with bay window facing West and a third bedroom which is surrounded by terrace and has sliding doors leading to a private gazebo in the sky.  Built in 1922, this full-service prewar co-op offers residents the highest levels of service and privacy.