123 Third Avenue
123 Third Avenue, New York, NY 10003
East Village
BBL 1004697505 · BIN 1088500
- Year built
- 2009
- Type
- Condominium
- Units
- 47
- Floors
- 17
- Landmark
- No
- Pets
- Pets permitted for unit owners; no aggressive breeds, per the building's house rules
Every recorded sale at this building, 2011–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,853
- Listing discount
- 3.6%
- Recorded sales
- 85
- On record
- 2011–2025
123 Third Avenue is the rare full-service condominium built directly on the Union Square edge of the East Village — and it was conceived as exactly that. Where most of the neighborhood's for-sale stock is prewar walk-up tenements, narrow loft conversions, and boutique new-development infill, this is a purpose-built 47-unit tower with a 24-hour doorman, a fitness center, a roof deck, and a landscaped second-floor garden. The building's pitch, from its 2010 opening, was a doorman-condo lifestyle on a block where that product barely existed — at a price point materially below the trophy corridors a few avenues west.
The site itself is a hinge. The southeast corner of Third Avenue and 14th Street sits where the East Village, Gramercy, and Union Square meet, and the building captures the practical advantage of all three: the full Union Square transit complex (the L, the N/Q/R/W, and the 4/5/6) is within a block, the 6 at Astor Place is a short walk south, and the everyday retail spine of 14th Street and Third Avenue — grocers, theaters, restaurants — is at the door. For buyers who want ownership, a service staff, and crosstown-plus-downtown transit without paying Greenwich Village or Flatiron pricing, the location is the entire argument.
Architecturally, the building reads against the era's glass-box default. Perkins Eastman's Studio 12 clad it in gray masonry with blue-tinted windows and deep corner glazing, and stepped the massing back above the 14th floor to create private outdoor space at the top. The result is a quieter, more solid presence on the avenue than the all-glass towers of the same vintage — and it was among the first East Village condominiums to lead with environmental performance, marketed around a LEED-oriented green design.
Architecture and unit composition
The 47 residences run from compact studios and one-bedrooms of roughly 515 square feet to larger family layouts and upper-floor homes approaching and exceeding 2,000 square feet, with penthouse-level units gaining the terraces created by the building's setback. Lower floors hold roughly four residences each; the plan opens up as the tower steps back.
Finishes were specified at the high end for a 2010 East Village condominium: kitchens by Poliform with Miele appliances, ceilings in the 10-to-11-foot range, wide select-grade white-oak floors, and central heating and cooling. The blue-tinted glazing and abundant corner windows give the interiors strong light and long avenue and crosstown sight lines from the upper floors. The deliberately masonry-forward envelope — rather than floor-to-ceiling curtainwall on every face — is part of the building's identity and a contributor to its energy posture.
Building operations
123 Third Avenue runs as a full-service condominium. A 24-hour doorman, concierge, and porter staff the lobby, with video security throughout. The amenity package is unusually deep for the neighborhood: a fitness center, a multimedia and entertainment lounge, a business center, a roof deck, bike storage, and resident storage that includes refrigerated cold storage for grocery and delivery handling. The standout amenity is the landscaped second-floor garden — an outdoor room with a kitchen, a grill, seating, and an outdoor movie screen.
Every residence has its own washer and dryer. Pets are permitted for unit owners (the house rules exclude aggressive breeds), subletting is allowed with a one-year minimum term, and pied-à-terre ownership is permitted under the condominium framework. As with any new-construction condominium, buyers should review the offering plan, the most recent financial statements, and the reserve posture during diligence; the building requires a customary working-capital contribution at closing.
Local Law 97
- 2024–2029 annual penalty
- $21,631/yr
- 2030–2034 annual penalty
- $68,428/yr
- Per unit / month range
- $38 – $121
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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
- Sublet policy
- Allowed, minimum term 1 year
- Notable fees
- Working Capital Contribution = 2 months common charges; Move In/Out Fee $500 each; Professional Fee $500
Recent sales
Recent closings 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 |
|---|---|---|---|---|---|
| Nov 21, 2025 | 18A | 2,334 sf | $4,180,000 | $1,791/sf | off-mkt |
| Nov 21, 2025 | PH18 | 3 BR · 3.5 BA · 2,334 sf | $4,180,000 | $1,791/sf | -7.0% |
| Aug 26, 2025 | 9C | 1 BR · 1 BA · 737 sf | $1,325,000 | $1,798/sf | -5.0% |
| Jun 27, 2025 | 2A | 2 BR · 2.5 BA · 1,166 sf | $1,712,500 | $1,469/sf | -18.3% |
| Jun 6, 2025 | 3C | 1 BR · 1 BA · 740 sf | $1,430,000 | $1,932/sf | +0.0% |
| Feb 28, 2024 | 10A | 2 BR · 1,166 sf | $1,700,000 | $1,458/sf | -15.0% |
| Feb 27, 2024 | 11C | 2 BR · 2 BA · 1,350 sf | $1,850,000 | $1,370/sf | -7.3% |
| Aug 24, 2023 | 9C | 1 BR · 1 BA · 737 sf | $1,400,000 | $1,900/sf | -1.8% |
Market read. Most recent trades (2025) cleared a median $1,853/sf across 4 sales. Median listing discount 3.6% 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 1-00469-7505) 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 from recorded condo declarations and offering plans.
What to know if you’re buying
You're buying service and amenities in a neighborhood short on both. The full-service doorman-condo model is rare in the East Village; that scarcity is the building's durable value case. Underwrite it against the prewar walk-ups and boutique new-development infill nearby, and the premium for staff, a gym, a roof deck, and a landscaped garden is rational.
The location is a transit and retail hinge. Union Square's full subway complex and the everyday retail of 14th Street and Third Avenue are at the door. Visit at different hours — a busy commercial corner is a feature for some buyers and a consideration for others; the masonry envelope and tinted glazing mute the avenue noticeably.
Condo flexibility is real. Expect 30-to-45-day closings, financing-friendly terms, permitted pied-à-terre ownership, and subletting allowed at a one-year minimum — the structural advantages of condominium ownership versus the surrounding co-op stock.
Model the full carry. Common charges plus property taxes plus utilities plus insurance is the number that matters. New-construction condominiums of this caliber carry accordingly; run your specific unit through the carrying-cost math, and confirm the closing working-capital contribution.
Mansion tax may apply at the larger units. Upper-floor and terraced homes can cross the $1 million cliff and beyond. Run pricing through the Mansion Tax Calculator.
What to know if you’re selling
Lead with the full-service story. The doorman, the fitness center, the roof deck, and the landscaped garden are the differentiators against everything else for sale in the immediate area. Buyers cross-shopping East Village condos rarely find this service level — make it central.
Price to floor, light, and outdoor space. The building's value ladder runs with altitude: the setback floors and their terraces define the top of the building's range. Position each unit precisely against its line and exposure.
Same-building comparables are the strongest evidence. With 47 residences and an active resale history, in-building precedent is meaningful — and more persuasive to buyers than the heterogeneous boutique product nearby. We assemble the apartment-level comparable set during pricing.
Comparable buildings
If you're considering 123 Third Avenue, also evaluate:
- 214 East 14th Street — 2013 boutique condominium two blocks north on the same Union Square edge; the closest like-for-like new-development comp
- 111 East 14th Street — Union Square–adjacent condominium; comparable transit and retail position
- 111 Fourth Avenue and 113 Fourth Avenue — nearby condominiums in the same East Village / Union Square submarket
- 205 Third Avenue — full-service residential on the same avenue corridor a few blocks north
- 111 Third Avenue — neighboring Third Avenue residential building
- 114 East 13th Street — East Village residential peer one block south
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across East Village + NoHo — read The Roebling Team Guide to East Village + NoHo.
Considering a move at 123 Third Avenue?
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 123 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.