The Savoy (111 East 85th Street)
111 East 85th Street, New York, NY 10028
Upper East Side
BBL 1015140008 · BIN 1047928
- Year built
- 1971
- Type
- Cooperative
- Units
- 160
- Landmark
- No
Every recorded sale at this building, 2003–2025
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $997K
- Recent range
- $830K – $2.5M
- Listing discount
- 3.2%
- Recorded transfers
- 147
The Savoy at 111 East 85th Street is one of southern Carnegie Hill's substantial postwar towers — a thirty-story, roughly 160-apartment cooperative completed in 1971 to the design of Philip Birnbaum, the most prolific architect of New York's postwar full-service apartment era. Birnbaum's name is attached to some three hundred of the city's elevator buildings, and his work defined a particular product: efficient, light-filled, amenity-equipped towers built to a higher standard of finish and service than the white-brick rentals that preceded them. The building converted to cooperative ownership in 1979.
The location is a genuine advantage. East 85th Street between Park and Lexington sits at the heart of Carnegie Hill, one block from Central Park and a short walk from the Metropolitan Museum, the Guggenheim, the 86th Street retail spine, and the Lexington Avenue subway. Where the surrounding blocks are dominated by pre-war cooperatives, The Savoy offers a different and increasingly sought-after alternative: postwar construction with the height to deliver light and open views, the floor plans to suit modern living, and a full-service operation that includes something most pre-war neighbors cannot — an on-site garage and a panoramic roof deck.
For buyers, The Savoy occupies a clear niche: a Carnegie Hill address and full-service living without the pre-war board intensity or the renovation constraints of a landmarked apartment, with no flip tax and a pet-friendly policy that make the day-to-day economics and logistics easier than at much of the surrounding stock.
Architecture and unit composition
The roughly 160 apartments are distributed across thirty stories in the regular, repeating floor plates characteristic of 1971 high-rise construction. Postwar towers of this scale typically present a clear menu of one-, two-, and three-bedroom lines that recur from floor to floor, simplifying internal comparison — a real benefit when pricing an apartment against its own building.
Postwar signatures to expect: efficient rectangular rooms with the minimal wasted space Birnbaum was known for, generous closet provisioning, and large windows that, on the upper floors of a thirty-story tower, deliver genuinely open light and city views in multiple directions. The building's height is its architectural calling card — upper-floor apartments enjoy exposures that the surrounding pre-war fabric simply cannot match, and the roof terrace extends that outlook to every resident.
Condition varies across a building of this size and age; renovated and original apartments coexist, and buyers should assess each apartment's line, exposure, floor altitude, and renovation history individually.
Building operations
The Savoy operates as a full-service postwar cooperative with a 24-hour doorman and concierge, valet service, and a live-in resident manager. The amenity package is the building's competitive edge: an on-site garage reachable directly from the lobby, an expansive landscaped roof terrace with 360-degree views across the Manhattan skyline, a bike room, private storage, and on-site laundry. The roughly 160-unit scale supports professional staffing and spreads fixed operating costs across a large shareholder base, which tends to keep carrying charges competitive.
On building rules, two facts matter to most buyers and sellers: the building is pet-friendly, and there is no flip tax — a notable advantage that improves seller economics and is frequently highlighted in the building's resales. Postwar co-op boards of this profile are generally somewhat more flexible on financing and subletting than their pre-war counterparts.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $23,682/yr
- Per unit / month range
- $0 – $12
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Management & transfer contacts
- Flip tax
- None
- Sublet policy
- Allowed; shareholder app $250, subtenant app $300, escrow $3,000, sublet fee 25% of monthly maintenance; sublet renewal $300
- Notable fees
- App processing $600 ($1,000 trust); background $125/applicant; financing fee $300; closing $800 ($850 without broker) + $0.05/share; estate/trust closing $1,000. Maintenance 53% tax deductible
Recent sales
Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Dec 1, 2025 | 9G | 2 BR · 2.5 BA · 1,200 sf | $1,650,000 | $1,375/sf | -5.7% |
| Sep 12, 2025 | 10A | 1 BR · 1.5 BA · 900 sf | $1,050,000 | $1,167/sf | -4.1% |
| May 30, 2025 | 24D | 3 BR · 3 BA | $2,450,000 | +2.3% | |
| Apr 30, 2025 | 9F | 1 BR · 1.5 BA | $999,000 | +0.0% | |
| Dec 18, 2024 | 11F | 1 BR · 1.5 BA · 1,000 sf | $975,000 | $975/sf | -2.0% |
| Nov 25, 2024 | 21F | 1 BR · 1.5 BA | $995,000 | -23.2% | |
| Aug 23, 2024 | 7D | 1 BR · 1.5 BA | $996,529 | +0.2% | |
| Aug 15, 2024 | 16F | 1 BR · 1.5 BA · 1,050 sf | $997,000 | $950/sf | -8.9% |
Market read. Most recent trades (2025) cleared a median $1,408/sf across 2 sales. Median listing discount 3.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01514-0008) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
Light, views, and amenities are the postwar advantage. A thirty-story tower on a low-rise block delivers exposures the pre-war neighbors cannot, and the garage and roof deck are genuine differentiators in Carnegie Hill.
No flip tax and a pet-friendly policy. Both improve the practical economics and livability versus much of the surrounding inventory.
Carnegie Hill location, postwar flexibility. A prime block one stop from Central Park, with a generally less restrictive board posture than the pre-war cooperatives nearby.
Floor altitude drives pricing. In a tall tower, the difference between low and high floors is substantial; weigh it carefully.
Condition varies by apartment. Budget for apartment-specific assessment across a 160-unit postwar building.
What to know if you’re selling
Lead with the roof deck, the garage, and the no-flip-tax economics. These are the building's clearest competitive edges against pre-war inventory and against postwar peers that carry a transfer fee.
Line- and floor-specific comparables are decisive. With recurring floor plans across thirty stories, same-line and adjacent-floor trades are the cleanest pricing evidence.
Highlight the Carnegie Hill address and Central Park proximity. Buyers searching the neighborhood will weigh The Savoy against pre-war alternatives; the location parity is a selling point.
Closing timelines are co-op standard — generally six to ten weeks from contract to closing.
Comparable buildings
If you're considering The Savoy, also evaluate:
- the Lucida (151 East 85th Street) — modern full-service building on the same block
- 205 East 85th Street — nearby Carnegie Hill elevator building
- 35 East 85th Street — nearby Carnegie Hill cooperative
- 64 East 86th Street — nearby Carnegie Hill full-service building
- the Kent (200 East 95th Street) — full-service Carnegie Hill building
- 1100 Park Avenue — nearby Carnegie Hill pre-war co-op
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
Considering a move at The Savoy?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Savoy would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.