The page is useful for research, but the status and price should be verified before acting.
for saleRealtyLens property overview
$20,750,000
48 W 85th St
Manhattan, NY, 10024
View more Manhattan, NY property pages6Beds
6Baths
8,000Sqft
$2594$/sqft
Market Insights
Below nearby median-18%
$2594/sqft vs a nearby median of $3161/sqft.
Nearby median$3161/sqft
Nearby properties12
Property size8,000 sqft
- -18% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 8,000 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$23M$20M – $25M · 25% confidence
vs ask $21M−$1.76M (−8.5%)
Asking price is about 8.5% below the fair value — likely to draw competing offers if it's still on market.
$2,719/sqft median across 3 tight comps × 8,000 sqft= $22M
- Transit access+$870k +4.0%
- Days-on-market gravity−$653k −3.0%
- Pre-war character+$544k +2.5%
Cumulative NYC adjustments+$761k+3.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 147 days
- Last price change
- No change recorded
- Listed
- Dec 16, 2025
- Photos
- 25 photos
- Property type
- single family
- Status
- for sale
Photos
Building Facts
- Year built
- 1887
- Stories
- 4
- Total units
- 2
- Residential units
- 2
- Building area
- 7,375 sqft
- Lot size
- 2,043 sqft
- Land use
- One and two family buildings
- Building class
- B1
From NYC public records where available.
Price History
May 4, 2026Initial record
$20,750,000for sale