1474 Third Avenue (The New Yorker)
1474 Third Avenue, New York, NY 10028
Upper East Side
BBL 1015127502 · BIN 1047653
- Year built
- 1981
- Type
- Condominium
- Units
- 31
- Floors
- 17
- Landmark
- No
- Amenities
- Full-time doorman, live-in resident manager, renovated lobby, replaced elevators, bike room, resident storage. No garage and no fitness center
- Pets
- Permitted per listing records — confirm weight and breed rules in the house rules
Every recorded sale at this building, 2008–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,421
- Listing discount
- 0.5%
- Recorded sales
- 57
- On record
- 2008–2025
Third Avenue in the 80s is where the Upper East Side's rental stock lives. Most of the avenue's tall postwar and early-1980s buildings were built as rentals and stayed that way; the ones that converted did so in bursts, and each conversion permanently removed a block of apartments from the rental pool. 1474 Third Avenue is one of those conversions, and it happened late — the declaration was recorded in November 2007, two decades after the wave that produced most of the corridor's condominium inventory.
The late timing is the building's defining commercial fact. A 2007 conversion means the sponsor bought at the 2005 peak — $38 million for a 54,704-square-foot building — and sold units into a market that turned within a year of the first closings. It also means the building carries none of the abatement structure that new construction of the same era carried. There is no 421-a here, and there is no J-51: buyers pay full unabated taxes and always have. On a building where common charges are already carried by a small denominator, that is the number that decides the monthly.
The physical fact that distinguishes the building is its narrowness. The lot is 51 feet wide and the building occupies all of it, running about 70 feet deep on a 110-foot lot. Seventeen stories on that footprint produces two apartments per floor and nothing else — no interior corridors of consequence, no shared walls beyond the demising line, and a private-landing quality to the arrival on most floors. North-facing apartments look up Third Avenue and over the low-rise stretch toward 86th Street; south-facing apartments look down the avenue. Upper floors on both sides clear the neighboring rooflines. Anyone who has seen a 31-unit building on a 51-foot Manhattan lot knows the trade: excellent light and privacy per floor, and a very small base over which to spread fixed costs.
A note on the block. 1474 Third Avenue is not to be confused with Étage (176 East 82nd Street), which is also addressed 1444 Third Avenue. Despite the similar avenue address, Étage is on a different tax block entirely — block 1510, lot 7503 — two blocks south, and it is a nine-residence ground-up building completed in 2017. The two have nothing in common but the avenue. Similarly, 167 East 82nd Street (Merritt House) sits on block 1511. Block 1512, which carries this building, is an unusually long Upper East Side block running from Park Avenue all the way to Third between East 83rd and East 84th Streets, which is why 983 Park Avenue, 1223 Lexington Avenue and 1474 Third Avenue all share a block number.
Architecture and unit composition
The elevation is plain: brick over a retail base, evenly spaced punched windows, no setbacks, no balconies, no ornament. It is the vernacular of Third Avenue infill in the early 1980s, built after the avenue's elevated line was long gone and before the corridor's later luxury cycle. Consistent fenestration is the one thing the facade does well; there is nothing here that will be called out as architecture, and the building does not pretend otherwise.
The interior program is where the value is. Two apartments per floor, north and south, across a 51-foot plate means every residence has a full frontage on the avenue and a full rear exposure. The recorded transfer history shows the N and S lines trading as separate homes on most floors and combined into full-floor residences on several — 11, 14, 16 and the penthouse level all appear as combinations in ACRIS. The penthouses sit at the top of the stack with the building's clearest outlooks.
Three retail units occupy the base, recorded as separate condominium units (lots 1101, 1102 and 1103) and conveyed to a third-party retail owner in 2008 and 2009. Buyers should note that the commercial units are not owned by the residential unit owners collectively and generate no income for them; they are simply neighbors within the same declaration, with their own votes and their own common-charge obligations.
Building operations
The New Yorker runs as a full-service condominium at boutique scale: a full-time doorman, a live-in resident manager, a renovated lobby, replaced elevators, a bike room and resident storage. There is no garage and no fitness center, which is normal for a 51-foot lot and worth naming, because the amenity comparison buyers make on this corridor is usually against much larger buildings.
The arithmetic that matters is the denominator. Thirty-one residences carrying doorman coverage, a live-in superintendent and a seventeen-story elevator building produce a higher common charge per square foot than a 200-unit tower with the same services. That is not a criticism of how the building is run; it is a structural feature of the size. Prospective buyers should ask for the current operating budget and reserve position, and should ask specifically about the facade cycle — the building last filed Local Law 11 facade repair work in 2010, and a 1981 masonry building is now well into its recurring inspection and repair rhythm.
Policy framework
Ownership form: Condominium. Purchases close through the standard right-of-first-refusal mechanism rather than a cooperative board approval, which produces faster and more predictable timelines — 30 to 45 days is typical.
Pets: Permitted per listing records. Confirm weight and breed limits in the house rules.
Pied-à-terre, subletting, LLC, trust and foreign ownership: All permitted under the standard condominium framework. Minimum lease terms for subletting should be confirmed with the managing agent.
Minimum down payment: 20 percent per listing records.
In-unit washer/dryer: Permitted; residences are equipped.
Flip tax: Not documented in public records. Confirm any resale capital contribution with the managing agent before pricing a sale.
Real estate taxes: No abatement of any kind. Underwrite the full tax line on the specific unit against the current bill.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $24,114/yr
- Per unit / month range
- $0 – $65
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 →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. 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 record last verified September 2026.
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. 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 31, 2025 | PHS | 3 BR · 3.5 BA · 2,323 sf | $3,300,000 | $1,421/sf | -8.3% |
| Jun 7, 2023 | 7S | 3 BR · 2.5 BA · 1,607 sf | $2,175,000 | $1,353/sf | -5.2% |
| May 10, 2022 | 2N | 3 BR · 2.5 BA · 1,623 sf | $1,990,000 | $1,226/sf | -6.4% |
| Jan 7, 2022 | 4S | 3 BR · 2.5 BA · 1,607 sf | $2,165,000 | $1,347/sf | -0.5% |
| Dec 7, 2021 | 15N | 2 BR · 2 BA · 1,310 sf | $1,525,000 | $1,164/sf | -4.4% |
| Sep 10, 2021 | 12N | 3 BR · 2.5 BA · 1,623 sf | $2,195,000 | $1,352/sf | +0.0% |
| Aug 11, 2021 | 7N | 3 BR · 2.5 BA · 1,623 sf | $2,100,000 | $1,294/sf | -14.3% |
| Jun 21, 2019 | 2SOUTH | 3 BR · 2.5 BA · 1,941 sf | $2,625,000 | $1,352/sf | -2.6% |
Market read. Most recent trades (2025) cleared a median $1,421/sf across 1 sale. Median listing discount 0.5% 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 1-01512-7502) 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
There is no abatement and there never was one on the roll. No 421-a, no J-51, nothing. If you have been shopping abated new construction, the monthly number here will be higher than the sticker price suggests — and unlike an abated building, it does not step up over time. It starts where it stays.
Common charges are spread across 31 units. Doorman coverage and a live-in superintendent on a 31-residence building cost more per foot than the same services in a large tower. Read the operating budget, not the amenity list.
Confirm which residence you are actually buying. Several floors trade as full-floor combinations and several as separate N and S lines. The recorded unit designation and the physical apartment do not always match a listing description; your attorney should tie the unit lot to the floor plan.
Ask about the facade cycle. A 1981 masonry building with a documented Local Law 11 repair program is in a normal but ongoing cost rhythm. Get the current cycle status and any assessment history.
Third Avenue is a working avenue. Bus routes, retail loading and traffic are part of the address. The north and south exposures on the upper floors are the mitigation; test a specific apartment at rush hour.
What to know if you’re selling
Lead with the floor plate. Two apartments per floor on a 51-foot lot is a genuinely scarce configuration on this corridor, and it is the argument that competing converted rentals cannot make.
Be direct about taxes. Buyers coming from abated inventory will find the tax line themselves. Present it up front alongside the True Monthly Carrying Cost Calculator rather than letting it surface in diligence.
Price against converted rentals, not against new construction. The finish level and amenity program here are those of a 2007 conversion of a 1981 building. The right comparable set reflects that.
Distinguish the building clearly in marketing. More than one Third Avenue address on the Upper East Side carries a similar number, and at least one nearby new-construction building is addressed on both a side street and Third Avenue. Use the full address and the condominium name.
Comparable buildings
If you're considering 1474 Third Avenue, also evaluate:
- 1250 Third Avenue — full-service cooperative on the same avenue; the co-op alternative with different policy and financing rules
- 1270 Third Avenue — 1987 conversion on the corridor; the nearest peer by conversion pattern
- 1230 Third Avenue (Tower East) — the marquee postwar cooperative on the corridor
- 1218 Third Avenue — cooperative a few blocks south on the avenue
- 167 East 82nd Street (Merritt House) — prewar rental converted to condominium; the nearest converted-condominium comparison
- 55 East 86th Street — rental-to-condominium conversion two blocks north
- Étage (176 East 82nd Street) — nine-residence 2017 ground-up condominium, also addressed 1444 Third Avenue; the new-construction alternative on the corridor
- 126 East 86th Street (ARLOPARC) — 28-residence new-construction condominium; the modern full-amenity alternative at a higher price tier
- 1289 Lexington Avenue (The Hayworth) — 2019 new construction one avenue west
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
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.
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