- Year built
- 1962
- Type
- Cooperative
- Units
- 263
- Floors
- 19
- Landmark
- No
- Pets
- Pets permitted
- Financing
- Up to 75% permitted
267 Third Avenue — Quaker Ridge — is a 19-story postwar cooperative on the northeast corner of Third Avenue and East 21st Street, built in 1962 and converted to cooperative ownership in 1982. It is a full-service corner building of roughly 263 apartments at the northern edge of Gramercy, the kind of dependable mid-century co-op that anchors the neighborhood's everyday inventory rather than its trophy stock.
For buyers, the case is practical. Quaker Ridge offers a full-service address — doorman, porter, live-in superintendent, and an attached parking garage — at the accessible end of the Gramercy co-op market, on a corner that puts both Gramercy Park and the Flatiron-Madison Square axis within an easy walk. Across a building of this size, apartments turn over regularly, giving buyers real entry points and sellers genuine liquidity.
The trade-offs are the ones common to the postwar co-op category, and they are worth knowing going in: this is a board-governed cooperative with a financing cap, a pied-à-terre prohibition, and a restricted sublet policy. Those rules shape both who qualifies and how an apartment is positioned at resale.
Architecture and unit composition
Quaker Ridge is a 19-story light-brick tower in the restrained postwar idiom of the early 1960s — efficient, full-height, and built for service rather than ornament. The corner siting at Third Avenue and East 21st Street gives the upper floors open exposures in two directions and the longer light that the mid-block stock nearby cannot match.
The unit mix runs from studios through three-bedrooms, with the larger and higher-floor apartments carrying the premium. As with most buildings of the era and size, floor, exposure, and renovation state are the primary value drivers — the corner lines and the higher floors capture the best light and the longest views toward Gramercy and the Midtown skyline.
Building operations
Quaker Ridge operates as a full-service postwar cooperative under Quaker Ridge Cooperative Corp. A full-time doorman staffs the lobby, with a porter and a live-in superintendent on site. The building offers on-site laundry, storage, bike storage, and an attached residents' parking garage — a meaningful amenity in this part of Gramercy.
The board's policies are typical of the postwar co-op category. Financing is permitted up to 75%. Pets are permitted. Pieds-à-terre are not permitted — the building is owner-occupancy oriented. Subletting is permitted on a restricted basis after an initial owner-occupancy period and subject to board approval. The board reviews financials and the purchase application in the standard co-op manner; the precise sublet terms and any flip tax are confirmed with the managing agent during contract review.
Recent sales
Because Quaker Ridge spans roughly 263 apartments, turnover is regular and the building offers a useful run of comparables across the studio-through-three-bedroom mix. Pricing tracks the full-service postwar Gramercy co-op market: co-op value here is best read on a price-per-room basis against comparable lines in the building and the surrounding postwar stock, with floor, exposure, and renovation state the decisive variables. The corner exposures and higher floors command the premium; lower and interior lines trade at the building's accessible end. The full-service staffing and attached garage tend to broaden the buyer pool; the pied-à-terre prohibition and financing cap narrow it, and both belong in any pricing read.
Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jan 11, 2005 | 19J | $765,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00902-0001) 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.
What to know if you’re buying
The full-service-at-an-accessible-price case is the core. Quaker Ridge delivers doorman service, a live-in super, and an attached parking garage at the accessible end of the Gramercy co-op market — a practical package on a well-located corner.
Understand the board posture. This is an owner-occupancy cooperative: financing is capped at 75%, pieds-à-terre are not permitted, and subletting is restricted. Confirm the current terms with the managing agent before you commit.
Floor and exposure drive value. The corner lines and upper floors carry the light, the views, and the premium; lower and interior apartments trade for the building's entry pricing.
Confirm the specifics during contract review. Pets are permitted and a parking garage is on site, but verify the pet rules, the exact sublet policy, and any flip tax with the managing agent.
What to know if you’re selling
Lead with the service and the corner. Full-time doorman service, a live-in super, the attached garage, and the corner light are the rational hooks that widen the qualified-buyer field in this price tier.
Position each apartment on exposure and condition. Higher-floor corner homes should be benchmarked against the best comparable lines in the building and the surrounding Gramercy co-op stock; renovated kitchens and baths command clear premiums.
Set expectations on the board process. The financing cap and sublet restrictions shape the buyer pool; pricing and marketing should account for them. Closing timelines are co-op standard — six to ten weeks from contract, with board approval the gating step.
Comparable buildings
If you're weighing 267 Third Avenue, these nearby Gramercy co-ops and condos make a useful comparison set:
- 205 Third Avenue — a Gramercy/Union Square apartment building a few blocks south
- 280 Third Avenue — a Gramercy co-op one block north on the avenue
- 230 East 20th Street — a Gramercy building just off Third Avenue
- 200 East 21st Street — a Gramercy co-op a half-block east
- 234 East 23rd Street — a new-construction Gramercy condominium nearby for the co-op-versus-condo comparison
The Roebling Team at Quaker Ridge
The Roebling Team at Compass specializes in Gramercy, the Flatiron district, and the broader downtown co-op and condo market. We publish this profile because buyers and sellers evaluating a postwar Gramercy cooperative deserve building-specific intelligence — the service model, the board posture, and where individual lines and exposures sit in value.
If you're considering a purchase or sale at 267 Third Avenue, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
Get the full picture on this building.
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