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Listing Courtesy of Sothebys International Realty
$ 950,000
Est. payment | /mo
2 Beds
1 Bath
$ 950,000
Est. payment | /mo
2 Beds
1 Bath
Key Details
Property Type Single Family Home
Sub Type coops
Listing Status Active
Purchase Type For Sale
Subdivision Upper East Side
MLS Listing ID RLS20070671
Bedrooms 2
Full Baths 1
HOA Fees $1,612/mo
HOA Y/N Yes
Year Built 1922
Property Sub-Type coops
Property Description
Pre-Approved Conversion Opportunity.
An exceptional opportunity to convert the space to a two-bedroom apartment in one of the Upper East Side's most desirable locations, situated on the corner of Madison Avenue and 85th Street. Both the Co-op board and the New York City Department of Buildings have approved the conversion, offering a clear and viable path to residential use.
The approved residential layout reconfigures the unit into a highly desirable two-bedroom home featuring a spacious living and dining area with an open kitchen, two bedrooms, one bathroom, a washer/dryer, an entry foyer, and ample storage throughout. This ground-floor space features very high ceilings, central air conditioning, direct access to the street, and east, west, and north exposures. Please refer to the floor plan in the listing for the suggested layout.
The current owners have recently obtained approvals from the Co-op board and Dept of Buildings Pre-Determination approval. The conversion approval plans were completed by architect Marta Satwin-Ramberg of Satwin Architect, P.C., who can also assist the new owners in obtaining final permits. The pictures were virtually staged to provide visual inspiration for the completed apartment. Whether retained as a professional office or transformed into a stylish residence, this property represents outstanding value in a premier Manhattan neighborhood.
Located on a charming, tree-lined street in the heart of Carnegie Hill, the property is just one block from Central Park, and half a block from Equinox Fitness, Butterfield Market, Starbucks, and Le Pain Quotidien Café. You are minutes away from wonderful restaurants, cafés, and designer stores. Neighborhood cultural landmarks, including the Metropolitan Museum of Art and the Guggenheim Museum, are just a few blocks away. Convenient access to the 4, 5, 6, and N, Q, R subway lines ensures seamless connectivity.
38 East 85th Street is a pre-war Co-op built in 1925 by Schwartz & Gross. The building offers full-service amenities with a 24-hour doorman, porters, and a building manager. There is a well-equipped gym, a recreation room, and a bike room. Pets, washer/dryers, and up to 50% financing are allowed. Pieds-à-terre and subletting are not allowed. There is a 2% flip tax. A capital assessment of $358 per month is in effect through December 2026 and $597 per month through December 2027, for elevator modernization.
A rare offering with low maintenance, flexibility, location, and upside. Not to be missed. Please contact us to schedule an appointment.
An exceptional opportunity to convert the space to a two-bedroom apartment in one of the Upper East Side's most desirable locations, situated on the corner of Madison Avenue and 85th Street. Both the Co-op board and the New York City Department of Buildings have approved the conversion, offering a clear and viable path to residential use.
The approved residential layout reconfigures the unit into a highly desirable two-bedroom home featuring a spacious living and dining area with an open kitchen, two bedrooms, one bathroom, a washer/dryer, an entry foyer, and ample storage throughout. This ground-floor space features very high ceilings, central air conditioning, direct access to the street, and east, west, and north exposures. Please refer to the floor plan in the listing for the suggested layout.
The current owners have recently obtained approvals from the Co-op board and Dept of Buildings Pre-Determination approval. The conversion approval plans were completed by architect Marta Satwin-Ramberg of Satwin Architect, P.C., who can also assist the new owners in obtaining final permits. The pictures were virtually staged to provide visual inspiration for the completed apartment. Whether retained as a professional office or transformed into a stylish residence, this property represents outstanding value in a premier Manhattan neighborhood.
Located on a charming, tree-lined street in the heart of Carnegie Hill, the property is just one block from Central Park, and half a block from Equinox Fitness, Butterfield Market, Starbucks, and Le Pain Quotidien Café. You are minutes away from wonderful restaurants, cafés, and designer stores. Neighborhood cultural landmarks, including the Metropolitan Museum of Art and the Guggenheim Museum, are just a few blocks away. Convenient access to the 4, 5, 6, and N, Q, R subway lines ensures seamless connectivity.
38 East 85th Street is a pre-war Co-op built in 1925 by Schwartz & Gross. The building offers full-service amenities with a 24-hour doorman, porters, and a building manager. There is a well-equipped gym, a recreation room, and a bike room. Pets, washer/dryers, and up to 50% financing are allowed. Pieds-à-terre and subletting are not allowed. There is a 2% flip tax. A capital assessment of $358 per month is in effect through December 2026 and $597 per month through December 2027, for elevator modernization.
A rare offering with low maintenance, flexibility, location, and upside. Not to be missed. Please contact us to schedule an appointment.
Location
State NY
County New York
Interior
Furnishings Unfurnished
Fireplace No
Appliance Dryer, Washer/Dryer Stacked, Washer
Laundry Common On Floor, Common Area, Laundry Room, In Unit
Exterior
Private Pool No
Building
Dwelling Type High Rise
Story 12
New Construction No
Others
Ownership Stock Cooperative
Monthly Total Fees $1, 612
Special Listing Condition Standard
Pets Allowed Building Yes, Yes
RLS Data display by WJFNY