- Year built
- 1973
- Type
- 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, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Studio median
- $585K
- Recent range
- $420K – $775K
- Listing discount
- 3.1%
- Recorded transfers
- 177
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Thomas Eddy 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.
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.
Structure and unit composition
The building rises six stories and holds 117 residences, weighted toward studios and one-bedrooms with some two-bedroom layouts; a number of apartments have private terraces or balconies. The exterior is a plain post-war brick-clad envelope organized around a landscaped courtyard garden.
Interiors are post-war in bones, with renovation quality varying apartment to apartment and driving much of the pricing spread within the building. Because this is a low-rise building, upper-floor and courtyard- or terrace-facing apartments capture the desirable light and outlook within the building.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →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. Studios and one-bedrooms make up most of the trading, with floor, exposure, outdoor space, and condition setting the spread; upper-floor and courtyard- or terrace-facing apartments capture the building's best light and outlook. Pricing is consistent with a well-run, non-trophy Chelsea co-op with a strong location.
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jul 20, 2026 | 5L | 1 BR · 1 BA · 825 sf | $745,000 | $903/sf | -0.5% |
| 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 | 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 $937/sf (floor-adjusted) across 2 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 0.0% from the last ask.
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). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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.
Closed rents at The Thomas Eddy, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 3 | $4,600 |
| 1 bedroom | 3 | $5,000 |
6 closed leases, October 2023 to September 2026. Most recent lease August 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $630K (7 transfers since 2024), a buyer putting 25% down would pay about $10,913 to close, or 1.7% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $10,913
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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
More Chelsea buildings
- The Vermeer (61 Seventh Avenue) — 1963 co-op
- 79 Seventh Avenue — 1905 co-op
- 100 Eleventh Avenue — 2010 condominium by Jean Nouvel
- 100 Seventh Avenue (100 Seventh Avenue) — 1930 co-op
- 100 West 15th Street — 1920 co-op
- 100 West 18th Street — 2006 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Chelsea — read The Roebling Team Guide to Chelsea.
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.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at The Thomas Eddy?
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