Ground-Floor Office
For Sale
$850,000
38 E 85th Street 1, New York City, NY 10028
Private street access and approved residential conversion plans create flexibility for continued office use or a two-bedroom residence.
Property SizeContact for details
Days on Market188
Property Features for 38 E 85th Street 1
General Information
Standard status
Active
Property subtype
Apartment
Building Details
Year Built
1925
Listing Agency:
Sothebys International Realty
(917) 520-8519
Listed By:
Harry Nasser
(917) 520-8519
Source:
Serhant
Added: Feb 5
Changed: Aug 11
Last Checked: Aug 11 at 5:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sothebys International Realty
Investment Insights
Based on property information with market context.
This ground-floor office unit has a private street entrance, direct access, central air conditioning, and ceiling heights reaching 10'10". The existing space has been planned for conversion into a two-bedroom residence with an open kitchen, living and dining area, one bathroom, washer/dryer, entry foyer, and substantial storage. The co-op board has approved the residential conversion, and the New York City Department of Buildings has issued pre-determination approval. The unit can also remain in professional office use.
The property occupies the corner of Madison Avenue and East 85th Street in Carnegie Hill, one block from Central Park. Nearby amenities include Equinox, Butterfield Market, Starbucks, Le Pain Quotidien, restaurants, boutiques, the Metropolitan Museum of Art, and the Guggenheim Museum. Access to the 4, 5, 6, N, Q, and R subway lines supports travel throughout Manhattan and beyond.
The pre-war co-op was built in 1925 and offers a 24-hour doorman, resident manager, porters, fitness center, recreation room, and bike room. Pets and washer/dryers are permitted, while financing of up to 50% is allowed.
The property occupies the corner of Madison Avenue and East 85th Street in Carnegie Hill, one block from Central Park. Nearby amenities include Equinox, Butterfield Market, Starbucks, Le Pain Quotidien, restaurants, boutiques, the Metropolitan Museum of Art, and the Guggenheim Museum. Access to the 4, 5, 6, N, Q, and R subway lines supports travel throughout Manhattan and beyond.
The pre-war co-op was built in 1925 and offers a 24-hour doorman, resident manager, porters, fitness center, recreation room, and bike room. Pets and washer/dryers are permitted, while financing of up to 50% is allowed.
Key Highlights
- Approved residential conversion with NYC Department of Buildings pre‑determination approval
- Planned two‑bedroom layout with open kitchen, living/dining area, one bathroom, washer/dryer, foyer, and storage
- Ground‑floor office unit with private street entrance and direct access
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11,606
Businesses Nearby
Explore this area
Business Placement
Demographics for 10028, NY
48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Private street access and approved residential conversion plans create flexibility for continued office use or a two-bedroom residence.
Where is this office units located?
The property is located at 38 E 85th Street 1 New York City, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approved residential conversion with NYC Department of Buildings pre‑determination approval; Planned two‑bedroom layout with open kitchen, living/dining area, one bathroom, washer/dryer, foyer, and storage; Ground‑floor office unit with private street entrance and direct access
