280 Third Avenue

280 Third is contemporary architecture with a considered design hand — ODA Architecture gave the 21-story tower a refined limestone-and-glass facade that distinguishes it from both the pre-war masonry around it and the plainer glass towers elsewhere in the city. The upper floors capture light and open views over the low- and mid-rise Gramercy blocks, a scarce commodity in a neighborhood that stays low.

The 81 residences are modern in layout — efficient, light-filled plans designed for contemporary living — ranging from one-bedrooms to larger two- and three-bedroom and combined homes, with the most desirable apartments on the higher floors where the light and views open up. This is move-in-ready, low-maintenance ownership in the heart of Gramercy, with the systems and finishes of new construction, which is precisely what draws its buyers.

280 Third operates as a full-service condominium. As a condominium, ownership carries the flexibility the form is known for — financing latitude, pied-à-terre and investor ownership, and a purchase that clears through a right-of-first-refusal rather than a co-op board package and interview. Subletting and resale are governed by the condominium's bylaws; buyers should review the bylaws and house rules for specifics, but the structural advantages of condominium ownership — and the faster, lighter closing path — apply here.

With 81 residences, 280 Third produces a steady flow of resales — a tower of this size typically turns over several homes in an active year. Pricing tracks the Gramercy condominium market: value set by floor, light, exposure, layout, and condition, with the higher-floor view homes commanding the premium. Our /sales record for the building is tied to its tax lot and reflects recorded transfers as they post; for current value we benchmark a specific unit against comparable Gramercy and Flatiron condominiums rather than building-wide averages.

The condominium structure is the practical advantage — flexible financing, pied-à-terre and entity ownership, and a faster, lighter purchase than a co-op, which is a meaningful contrast to Gramercy's pre-war co-op stock. Within the building, floor and exposure are the value drivers; the upper floors with open light and views over low-rise Gramercy are the scarce, premium inventory. The location is the long-term anchor: Gramercy Park, Union Square's transit hub, and a deep bench of restaurants and shops are all within a short walk, and the neighborhood holds its appeal across cycles. For buyers who want modern construction and a low-friction purchase in a classic residential neighborhood, this is a strong, liquid option.

A resale here markets on modern construction, an architect-designed limestone-and-glass facade, full-service amenities, and — for the upper floors — open views that are rare in low-rise Gramercy. Benchmark to other contemporary Gramercy and Flatiron condominiums rather than to pre-war co-ops; the buyer wants modern systems and a low-friction purchase. The condominium closing path is faster and more predictable than a co-op's, which is itself a selling point. Present the home to its strengths — light, views, finishes, and turnkey condition — and price it against the active condominium comparison set.

If you're considering 280 Third Avenue, also evaluate these Gramercy, Flatiron, and nearby condominium and full-service peers:

• 121 East 22nd Street — Gramercy residential building nearby
• 222 Park Avenue South — pre-war Flatiron/Gramercy cooperative
• 205 Third Avenue — Gramercy cooperative
• 307 Third Avenue — Gramercy area residential building
• 111 Third Avenue — full-service building nearby

The Roebling Team at Compass works the Gramercy, Flatiron, and Union Square condominium market — buildings where ownership structure, floor and view, and modern systems drive value. We publish this profile so buyers and sellers at 280 Third have building-specific intelligence before they transact.

If you're considering a purchase or sale here, a 30-minute consultation is the right starting point — we'll benchmark the unit, the building, and the comparison set with you.