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This attractive beige-brick apartment building was erected in 1925 and converted to a cooperative in 1970. The 13-story building has 60 apartments and features a large entrance marquee, bronze doors with a zigzag pattern, and a limestone base. Currently, 1 apartment is for sale.
38 East 85th Street is a 13 story beige brick co-op built in 1925 by Schwartz & Gross and converted to cooperative ownership in 1970. The 60 unit building occupies a prime corner location at Madison Avenue and 85th Street in Carnegie Hill, one block from Central Park and Museum Mile. The building features a distinctive angled entrance marquee, bronze doors with zigzag detailing, and a one story limestone base. The lobby has terrazzo floors and the building maintains a 24 hour doorman, porters, and a live in super.
Apartments retain classic prewar character with high beamed ceilings, hardwood floors, crown moldings, and traditional layouts featuring formal entry foyers and separate dining rooms. Units commonly include generous walk in closets, en suite bathrooms, and windowed kitchens, with many apartments offering washer/dryer installations. Larger units feature multiple exposures and spacious proportions, with corner apartments benefiting from particularly abundant natural light. The building notably includes some ground floor professional office spaces that have received approvals for residential conversion.
The building recently completed renovations that refreshed the lobby and common hallways while adding a fitness center, recreation room, expanded storage, and a bike room in the basement. The co-op permits pets and allows 50% financing, but does not allow pied-à-terre purchases or subletting. A 2% flip tax applies to sales. Maintenance fees are notably low, in part due to commercial income the building receives. The location provides immediate access to cultural institutions including the Metropolitan Museum of Art and Guggenheim, along with neighborhood amenities like Butterfield Market and Equinox Fitness, with convenient subway access at Lexington Avenue and 86th Street.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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