- Year built
- 1973
- Type
- Cooperative, structured as a condop
- Units
- 117
- Floors
- 6
- Landmark
- No
- Pets
- Permitted (limit two)
- Subletting
- Board approval required — confirm current terms
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $705K
- Recent range
- $509K – $775K
- Listing discount
- 3.1%
- Recorded transfers
- 98
The Thomas Eddy is a full-service post-war cooperative on the southwest corner of Eighth Avenue and West 15th Street, running the block toward West 14th Street in Chelsea. Completed in 1973 by Blitman Construction for the New York Bank for Savings, and designed by the Horace Ginsbern firm, the building is named for Thomas Eddy, an early-19th-century Quaker merchant and philanthropist associated with the bank.
The building is structured as a condop — a cooperative within a condominium, carried on the NYC tax rolls as building class R9. For a buyer, that means you purchase shares and a proprietary lease, as in any co-op, and the building operates with a co-op board and co-op economics. The condop structure is a legal wrapper, not a rental designation: apartments here are genuinely bought and sold on the resale market.
The appeal is location and services. The Thomas Eddy sits at the crossroads of Chelsea, the West Village, and the Meatpacking District, steps from the A/C/E and L trains, with a full-service program that is generous for a six-story building. It is a practical, well-run building with what the market describes as liberal board policies — a differentiator among co-ops in the corridor.
Building operations
The Thomas Eddy is a full-service cooperative: 24-hour doorman, a live-in resident manager, a full-time porter, laundry on every floor, a full-service parking garage, a landscaped courtyard garden, a roof deck, a bicycle room, and basement storage. The cooperative permits financing up to 80 percent (20 percent minimum down), allows two pets per residence, permits pied-à-terre use, and is described as having liberal board policies. Because the building carries a condop structure, buyers should confirm during due diligence exactly how the cooperative and condominium documents interact — including any board-approval terms, whether the land is owned or leased, the maintenance schedule, any flip tax, any assessments, and the reserve position.
Recent sales
As a cooperative, The Thomas Eddy is read on a price-per-room basis; many apartments trade without a published square footage, and per-room comparison is the more reliable measure. Recent activity has run in the vicinity of roughly $1,000 per square foot where square footage is published, with studios trading in the low-$600s and one-bedrooms into the mid-$700s depending on floor, exposure, outdoor space, and condition. Pricing is consistent with a well-run, non-trophy Chelsea co-op with a strong location.
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 |
|---|---|---|---|---|---|
| Apr 1, 2026 | PHW | 1 BA | $585,000 | -6.4% | |
| Feb 18, 2026 | 2W | 1 BA | $570,000 | -5.0% | |
| Feb 2, 2026 | 5G | 1 BA | $630,000 | -6.7% | |
| Jan 14, 2026 | 4T | 1 BR · 1 BA · 758 sf | $735,000 | $970/sf | -2.0% |
| Oct 17, 2025 | 2E | 1 BR · 1 BA · 700 sf | $720,000 | $1,029/sf | +3.0% |
| Jul 16, 2025 | 5W | 5 BR · 1 BA | $610,000 | -0.8% | |
| May 7, 2025 | 5D | 1 BA | $630,000 | -3.1% | |
| Jun 4, 2024 | 1E | 1 BR · 1 BA | $775,000 | -3.1% |
Market read. Most recent trades (2026) cleared a median $958/sf across 1 sale. Median listing discount 1.9% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Aug 3, 2022 | 3S | $525,000 |
| Feb 16, 2022 | 1U | $725,000 |
| May 18, 2021 | 5P | $600,000 |
| Feb 15, 2021 | 1U | $725,000 |
| Aug 29, 2018 | A2 | $535,000 |
| Apr 8, 2016 | 4R | $525,000 |
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 1-00738-7501) 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
Understand the condop structure. This is a cooperative within a condominium (class R9); you buy shares and a proprietary lease. Have your attorney confirm how the co-op and condo documents interact, and whether the land is owned or leased, during due diligence.
Understand the co-op economics. Financing to 80 percent is permitted; confirm the maintenance schedule, any flip tax, and any assessments, and model the full carry.
Condition and outdoor space drive price. Renovation quality and any private terrace or balcony are primary variables within the building. Inspect and price against comparable condition.
Board approval applies. As a cooperative, purchases require board approval, though the building is described as having liberal policies. Prepare a complete, well-documented board package and confirm current terms.
The location is the durable asset. The Chelsea–West Village–Meatpacking crossroads, with A/C/E and L access, anchors demand across cycles.
What to know if you’re selling
Lead with location and services. The crossroads location and the full-service program for a six-story building are the headline for the buyer pool.
Explain the condop clearly. Buyers and their attorneys will want the structure explained; be prepared to address it and the board's policies.
Price per room against the right comps. Comparable analysis should weight floor, exposure, outdoor space, and condition.
Comparable buildings
If you're considering 85 Eighth Avenue, also evaluate:
- Chelsea — the broader corridor's cooperative and condominium market
- West Village — the adjacent neighborhood's boutique cooperative and condominium stock
The Roebling Team at The Thomas Eddy
The Roebling Team at Compass works the full Chelsea, West Village, and Meatpacking market, including its full-service cooperatives and condops. We publish this profile because cooperative buyers and sellers deserve building-specific intelligence — structure, board policy, and apartment-level pricing reality — not generic market commentary.
If you're considering a purchase or sale at 85 Eighth Avenue, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — financial structuring, due diligence priorities, comparable analysis at the apartment level, and the pacing strategy that fits your timeline.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
Get the full picture on this building.
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