1186 Third Avenue
1186 Third Avenue, New York, NY 10065
BBL 1014040033 · BIN 1042497
- Year built
- 1961
- Type
- Cooperative
- Units
- 60
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Not permitted
- Pied-à-terre
- Requires confirmation
- Dogs
- Not permitted
- Cats
- Not stated
- Maximum financing
- 50% of the purchase price
- Doorman
- Doorman (hours not stated)
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median, 2024–2026
- $1.5M
- 4 qualifying sales
- Recent range
- $799K – $1.9M
- Listing discount
- 4.7%
- Recorded transfers
- 56
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 1186 Third Avenue 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.
1186 Third Avenue is a 1961 full-service cooperative on the northwest corner of East 69th Street, in the center of Lenox Hill. It belongs to the wave of post-war towers that transformed Third Avenue after the elevated train came down at mid-century — the demolition of the Third Avenue El turned a shadowed, industrial-edged corridor into a bright, retail-lined residential spine, and buildings like 1186 Third were the result. At 20 stories with ground-floor retail at its base, it is a building built for everyday Manhattan convenience.
The building's defining number is its scale. It contains 60 apartments across 20 stories. Gross building area divided by the apartment count is not average interior living space; evaluate room dimensions, windows and layouts from the individual apartment’s plans.
Location is where this building genuinely competes. It sits in the heart of Lenox Hill's retail and dining, with shops, cafés, and restaurants at street level and along the surrounding blocks. The 68th Street–Hunter College stop on the Lexington Avenue 6 line is one block south, and the Second Avenue Q is a short walk; Park and Madison's quieter, gallery-and-boutique blocks are minutes west, and Central Park is a roughly ten-minute walk. For a buyer who wants space and a turnkey, everything-at-hand neighborhood, the package is hard to beat.
Architecture and unit composition
1186 Third Avenue is a post-war masonry tower, a building defined by plan efficiency and light rather than exterior ornament, with retail anchoring its Third Avenue base. Its 60-apartment count and 20-story height do not establish the bedroom mix; confirm configurations and measured interior areas from individual plans.
Post-war signatures are characteristic of the 1961 vintage: larger windows and more daylight than the typical pre-war apartment, comfortable ceiling heights, and efficient room flow; the condition of the building's systems needs confirming from recent engineering reports and board materials. Many residences in a building of this era have been renovated, so the specific home's layout, exposure, floor, and renovation history are the determinants of value. Higher floors gain open light and, on certain lines, long city views across the surrounding low- and mid-rise fabric; exposures divide between the Third Avenue frontage, the 69th Street side, and interior orientations.
Building operations
1186 Third Avenue operates as a full-service post-war cooperative with doorman service and a resident superintendent — a staffed, secure building that handles the everyday logistics of city living. The post-war structure also brings larger, more adaptable floor plans; the condition of the mechanical systems needs confirming from recent engineering reports and board materials.
The building's documented terms: financing up to 50% of the purchase price, pied-à-terre use permitted, subletting not permitted, and dogs not permitted. Confirm renovation rules and the current liquidity and occupancy requirements from the governing documents and application instructions; a clean, well-documented package strengthens an application.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
8 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing FeeConditional | Paid by Buyer | When With the application | Amount $600 or $1,000 (Trust Purchase - if permitted by Corporation) | Refundable Not stated |
| Application Processing Fee for Co-applicant or GuarantorPer applicant | Paid by Buyer | When With the application | Amount $250 per Co-applicant/ Guarantor | Refundable Not stated |
| Lead Based Paint Disclosure Fee | Paid by Seller | When With the application | Amount $75 | Refundable Not stated |
| Financing FeeConditional | Paid by Buyer | When At closing | Amount $300 (if financing) | Refundable Not stated |
| Closing FeePer share | Paid by Seller | When At closing | Amount $800 ($850 without a Broker) plus $0.05 per share | Refundable Not stated |
| Corporate Transfer Fee | Paid by Seller | When At closing | Amount 2% of gross sales price | Refundable Not stated |
| Sale by an Estate or Trust - Closing FeePer share | Paid by Seller | When At closing | Amount $1,000 plus $0.05 per share | Refundable Not stated |
| Fidelifacts Report FeeConditional · Per applicantBackground check | Paid by Buyer | When With the application | Amount $871.00 per Applicant/Occupant, $1,633.13 if there are two (2) Applicants/Occupants | Refundable Not stated |
Refinance
2 items
Management's “less refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $400 | Refundable Not stated |
Management's “more refinance” schedule
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $400 | Refundable Not stated |
Ownership transfer
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Transfer Fee | Paid by Shareholder | When With the application | Amount Please contact the Transfer Agent for the fee schedule for the proposed transfer. | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 50% of the purchase priceSource: building management's published schedule, as of September 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Not permittedSource: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- Requires confirmationSources differ. Confirm with building management.
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Dogs
- Not permittedNo Dogs AllowedSource: building management's published schedule, as of September 2026
- Cats
- Not statedThe source permits pets without naming cats.Source: building management's published schedule, as of September 2026
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Maintenance, per room
- $760 per room a monthMedian of 6 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Maintenance, per square foot
- $2.58 per square foot a monthMedian of 4 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Maintenance as recorded with each sale. A co-op's maintenance already covers the building's real estate taxes and the building's own mortgage, if it has one; add your own loan payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Doorman (hours not stated)Source: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $127,893/yr
- Per unit / month range
- $0 – $178
- Modeled exposure split equally across 60 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2025–30. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
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 28, 2026 | 19A | 2 BR · 2.5 BA · 1,413 sf | $1,800,000 | $1,274/sf | -37.9% |
| Jun 3, 2026 | 2B | 1 BR · 1.5 BA · 1,000 sf | $799,000 | $799/sf | +0.5% |
| Apr 14, 2026 | 11C | 3 BR · 3 BA · 1,700 sf | $1,525,000 | $897/sf | -3.2% |
| Dec 18, 2025 | 3C | 2 BR · 2 BA | $1,300,000 | -13.0% | |
| Aug 6, 2025 | 7 | 2 BR · 2.5 BA · 1,435 sf | $1,735,000 | $1,209/sf | +0.0% |
| May 10, 2024 | 12C | 2 BR · 2 BA · 1,502 sf | $1,330,000 | $885/sf | -4.7% |
| May 6, 2024 | 11A | 3 BR · 3.5 BA | $1,850,000 | -5.1% | |
| Aug 3, 2022 | 11D | 3 BR · 3 BA | $1,950,000 | -4.9% |
Market read. Most recent trades (2026 to date) cleared a median $907/sf (floor-adjusted) across 3 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 4.9% 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 |
|---|---|---|
| Oct 2, 2003 | 9C | $1,100,000 |
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 1-01404-0033). 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.
What would your apartment rent for?
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At the recent median sale of $1.52M (5 transfers in the past 24 months, since October 31, 2024), a buyer putting 50% down would pay about $27,613 to close, or 1.8% of the price.
- Mansion tax: $15,250
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $12,363
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage at the building's 50% financing limit.
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What to know if you’re buying
You're buying space in the middle of everything. Review the apartment’s measured layout in this staffed building, with Lenox Hill's retail and dining at the door and the 6 train a block away, are the core proposition.
Post-war layouts are the trade. Expect larger windows and more adaptable plans than the pre-war side streets — and fewer period flourishes. Current system condition needs recent engineering reports and board materials.
The location does heavy lifting. Subway, shopping, restaurants, Park and Madison, and Central Park are all within a short walk; this is among the more convenient corners on the East Side.
Underwrite the specific apartment. With a small, varied unit count, the home's size, floor, exposure, and renovation history drive value.
What to know if you’re selling
Lead with square footage and convenience. The combination of the apartment’s documented layout and a central Lenox Hill location — transit, retail, and dining at hand — is the headline; emphasize it over period detail.
Highlight the lifestyle. A staffed building steps from the 6 train, Second Avenue Q, and a full retail corridor appeals to buyers who want turnkey city living.
Price to the apartment. Size, floor, exposure, and renovation level drive value across a varied unit mix; comparable analysis should be line-specific.
Closing timelines are co-op standard. Plan for roughly 6–10 weeks from contract to closing, subject to board scheduling.
Comparable buildings
If you're considering 1186 Third Avenue, also evaluate:
- 1218 Third Avenue — Third Avenue full-service building nearby
- 1230 Third Avenue — comparable Lenox Hill post-war co-op
- 333 East 69th Street — nearby Lenox Hill elevator building
- 301 East 69th Street — The Mayfair, a Lenox Hill cooperative nearby
More Upper East Side buildings
- York River House (1175 York Avenue) — 1958 condop by H.I. Feldman
- 1178 Madison Avenue — 1926 co-op
- 1180 Second Avenue — 1959 co-op
- 1206 First Avenue — 1962 co-op
- 1218 Second Avenue (SIXTYFOUR / 300 East 64th Street) — 1996 condominium
- 1218 Third Avenue — 1962 co-op
The neighborhood
For the full corridor — architecture, 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.
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 1186 Third Avenue?
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646.939.7375 · c.cohen@compass.com