123 Third Avenue

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.

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.

Recent sales

Recent closings 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.

Market read. Most recent trades (2026 to date) cleared a median $1,734/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 3.6% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00469-7505). 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 from recorded condo declarations and offering plans.

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. The tax applies from the $1 million threshold. Run pricing through the Mansion Tax Calculator.

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.

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