- Year built
- 1961
- Type
- Condominium
- Units
- 205
- Floors
- 16
- Landmark
- No
- Pets
- Permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2004–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $925
- Listing discount
- 3.0%
- Recorded sales
- 244
- On record
- 2004–2026
The Devon is a clean example of the Murray Hill / Kips Bay conversion condominium: a 1961 white-brick rental building brought into individual ownership in 2003, with a design-forward lobby by Janson Goldstein and modernized building systems. It sits on East 34th Street between First and Second Avenues — east of the pre-war cooperative core of Murray Hill, on the seam with Kips Bay, immediately proximate to NYU Langone Medical Center, the United Nations, and the Midtown Tunnel approach.
The building's identity is functional rather than trophy. Its buyer pool skews toward medical professionals working at the adjacent hospital campus, pied-à-terre buyers who want a full-service doorman condominium at an accessible price point, and investors who value the building's liberal leasing posture. The Devon's condominium structure — right of first refusal rather than co-op board approval, permissive subletting, low minimum down payment — makes it one of the more transaction-friendly buildings in the corridor.
Architecture and unit composition
The Devon is a 16-story post-war masonry building with a white-brick façade and a canopied entrance. The 2003 conversion introduced a redesigned lobby by Janson Goldstein, new elevators, and systems upgrades — a common pattern for the era's conversions, where the sponsor invested in the public spaces and building infrastructure while apartments were sold in varying condition.
The unit mix is predominantly one-bedrooms, with two-bedrooms, some three-bedrooms, and occasional combination apartments where adjacent units were joined into larger four-bedroom layouts. Typical one-bedrooms run roughly 620–780 square feet; two-bedrooms roughly 895–1,200 square feet; the rare combined units reach approximately 2,000 square feet. Most apartments do not have private balconies, and the building's amenity set is deliberately modest — the value proposition is a full-service doorman condominium in a convenient East Side location rather than a resort-style amenity package.
The landscaped roof deck is the building's standout common space, with city and East River views. The attached parking garage — accessible from within the building, with a waitlist — is a meaningful amenity in this part of Manhattan.
Building operations
The Devon operates as a full-service condominium with a 24-hour doorman, concierge, and a live-in resident manager. Common charges are relatively modest for a full-service building, reflecting the lean amenity set. Because a meaningful share of units are owned by investors and leased out, the building has an active rental market running alongside its resale market — a normal and expected pattern for a well-located conversion condominium.
Buyers should review the offering plan, current house rules, recent financial statements, and any reserve study during due diligence, and confirm the current parking waitlist status and monthly carrying costs at the apartment level.
Recent sales
Recent trading at The Devon has been characterized by steady, wide-ranging one- and two-bedroom activity with pricing in the range typical of a well-located Murray Hill / Kips Bay conversion condominium — meaningfully below the corridor's new-construction tier, reflecting the building's age, modest amenities, and functional (rather than trophy) positioning. One-bedrooms have traded across a broad band, with larger two-bedroom and combination units commanding proportionally higher prices. On a price-per-square-foot basis, the building sits in the accessible tier for the neighborhood.
The building's dual sale-and-rental character means comparables should be read carefully: an owner-occupied resale and an investor's leasing decision reflect different economics, and pricing is best assessed against genuinely comparable apartments — matched for floor, exposure, line, and renovation condition.
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 |
|---|---|---|---|---|---|
| Jan 15, 2026 | 2O | 1 BR · 1 BA · 620 sf | $585,000 | $944/sf | -1.7% |
| Nov 14, 2025 | 4H | 715 sf | $714,525 | $999/sf | off-mkt |
| Sep 25, 2025 | 17D | 1 BR · 1 BA · 655 sf | $845,000 | $1,290/sf | off-mkt |
| Nov 14, 2024 | 17J | 2 BR · 1 BA · 655 sf | $780,000 | $1,191/sf | -2.4% |
| Oct 29, 2024 | 5F | 1 BR · 1 BA · 715 sf | $820,000 | $1,147/sf | -3.5% |
| Sep 27, 2024 | 10K | 1 BR · 895 sf | $940,000 | $1,050/sf | off-mkt |
| Aug 26, 2024 | 15L | 3 BR · 2 BA · 1,300 sf | $1,515,000 | $1,165/sf | -10.8% |
| May 23, 2024 | 5N | 1 BR · 1 BA · 725 sf | $750,000 | $1,034/sf | -11.2% |
Market read. Most recent trades (2026) cleared a median $925/sf across 1 sale. Median listing discount 3.0% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Jul 11, 2021 | 80 | $699,000 |
| Dec 13, 2012 | 15D | $997,500 |
| Aug 17, 2006 | 7B | $679,000 |
| Aug 16, 2006 | 16H | $625,000 |
| May 23, 2006 | 16H | $1,000,000 |
| Mar 7, 2006 | 5M | $825,000 |
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 1-00940-7501) 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
Condo flexibility is real. Right of first refusal rather than co-op board approval; permissive subletting; pied-à-terre and investor use permitted under the declaration; a low minimum down payment relative to co-op norms. This is a transaction-friendly building.
Confirm renovation condition at the apartment level. Because the conversion sold apartments in varying condition, unit-by-unit quality varies widely. Price against genuinely comparable, similarly renovated apartments.
Parking is a waitlist amenity. If on-site parking matters to you, confirm current garage availability before you commit.
Model the full carry. Common charges plus property taxes plus utilities. Run purchase pricing through the Buyer Closing Cost Calculator.
What to know if you’re selling
Renovation condition drives price. In a building where apartments trade in a wide condition range, a clean, turn-key renovation is the single most effective way to command the top of the comparable band.
Position against the right comparable set. The Devon competes with other full-service Murray Hill / Kips Bay conversion condominiums, not with new construction; pricing should reflect that peer group.
Closing timelines are condo-fast. 30–45 days from contract to closing is typical.
Comparable buildings
If you're considering The Devon, also evaluate:
- 45 Park Avenue — 2007 new-construction Murray Hill condominium with deeded parking; a higher-amenity, higher-price peer
- 80 Park Avenue — 1950s Park Avenue conversion condominium in Murray Hill
- 251 East 32nd Street — Riverview East; a nearby Kips Bay conversion cooperative alternative
The Roebling Team at The Devon
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market — including the Murray Hill and Kips Bay conversion-condominium tier. We publish this building profile because buyers and sellers deserve building-specific intelligence — conversion structure, transactional mechanics, and pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at The Devon, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.
Get the full picture on this building.
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