- Type
- Condominium
- Units
- 100
- Landmark
- No
- Pets
- Pets permitted under condominium rules
- Subletting
- Generally permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2021–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $2,006
- Listing discount
- 0.9%
- Recorded sales
- 99
- On record
- 2021–2026
368 Third Avenue is a full-scale condominium in Kips Bay, the residential pocket on the eastern edge of the broader Gramercy–Murray Hill corridor. The building belongs to the wave of new-development condominiums that filled in Third Avenue in the late 1990s and 2000s — purpose-built ownership product on an avenue that for decades had been dominated by walk-ups, rental stock, and ground-floor retail. For buyers, the appeal is straightforward: a deeded condominium with the flexibility that ownership structure implies, in a location that sits within easy reach of the Gramercy, Murray Hill, NoMad, and Midtown East submarkets at price points well below the trophy corridors to the north and west.
The corridor context matters. Kips Bay and lower Murray Hill have historically priced at a meaningful discount to Gramercy Park proper and to the prewar co-op spine of Park and Fifth Avenues. That discount is the building's central value proposition — buyers who want condominium flexibility and modern systems, but who are priced out of, or uninterested in, the prewar trophy stock, find the Third Avenue condominiums a rational entry point.
Architecture and unit composition
368 Third Avenue is a postwar-vintage new-development condominium — a masonry-and-glass residential tower of the type that became the default form for Third Avenue infill in this era. The apartment mix runs to efficient one- and two-bedroom layouts typical of the corridor's new-construction product, with a smaller number of larger combinations. Floor-to-ceiling heights, window lines, and finish packages reflect early-2000s new-construction standards rather than prewar proportions; buyers trading down from prewar stock should view layouts in person to calibrate expectations on room scale and light.
Because the building is a condominium of recent vintage, mechanical systems, elevators, and common-area finishes are generally newer than the corridor's prewar inventory — a real carrying-cost and diligence advantage, though as with any building, current engineering condition should be confirmed during due diligence.
Building operations
368 Third Avenue operates as a condominium with the staffing and service package typical of a full-size new-development building in the corridor — front-desk or doorman coverage and standard building services. As a condominium, owners pay common charges plus individually assessed real estate taxes rather than a single co-op maintenance figure. Buyers should review the current common-charge schedule, the building's reserve position, and any recent or planned assessments as part of diligence.
Recent sales
368 Third Avenue is a condominium, so the right way to read its market is on a price-per-square-foot basis: deeds are recorded with a price and date, and apartment-level square footage, beds, baths, asking price, common charges, and discount-to-ask round out each comparable. As a corridor matter, Kips Bay and lower Murray Hill condominiums of this vintage have generally traded at a discount to Gramercy Park and the prewar co-op spine, with pricing sensitive to floor, exposure, light, and the freshness of the individual apartment's renovation. Because the building's units are heterogeneous, headline averages are less useful than apartment-level comparison: a high-floor, renovated, light-filled unit and a low-floor, dated one can sit far apart on a $/sf basis within the same building. We model each prospective transaction at the apartment level rather than relying on a single building average.
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 |
|---|---|---|---|---|---|
| Mar 31, 2026 | 32A | 3 BR · 3.5 BA · 1,605 sf | $3,795,000 | $2,364/sf | off-mkt |
| Mar 3, 2026 | 31A | 3 BR · 3.5 BA · 1,605 sf | $3,580,000 | $2,231/sf | -0.4% |
| Feb 13, 2026 | 5E | 1 BA · 578 sf | $955,000 | $1,652/sf | -2.1% |
| Sep 29, 2025 | 14A | 3 BR · 3.5 BA · 1,601 sf | $2,950,000 | $1,843/sf | -1.5% |
| Aug 28, 2025 | PHB | 3 BR · 3.5 BA · 2,926 sf | $9,189,812 | $3,141/sf | -3.3% |
| Jul 21, 2025 | 9A | 3 BR · 2.5 BA · 1,629 sf | $2,665,000 | $1,636/sf | -1.1% |
| Apr 10, 2025 | 8A | 3 BR · 2.5 BA · 1,629 sf | $2,595,000 | $1,593/sf | off-mkt |
| Mar 19, 2025 | 23A | 1 BR · 1 BA · 609 sf | $1,300,000 | $2,135/sf | -3.7% |
Market read. Most recent trades (2026) cleared a median $2,006/sf across 3 sales. Median listing discount 0.9% 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 1-00882-7504) 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
Condominium flexibility is the headline. Deeded ownership generally means pied-à-terre use, investment use, and subletting are permitted under the declaration, with fast closing timelines relative to co-ops. Confirm the current declaration and house rules at offer stage.
Price on $/sf and per apartment. Capture the square footage, exposure, floor, and renovation condition of any unit and compare against recent in-building and corridor deeds rather than a blended average.
Carrying cost is common charges plus taxes. Model the full monthly carry — common charges, real estate taxes, and any tax-abatement status — rather than a single maintenance number.
Mansion tax applies above $1M. Run any prospective purchase through the Mansion Tax Calculator; additional cliff thresholds apply at higher price points.
What to know if you’re selling
Apartment-level positioning drives price. Floor, light, exposure, and renovation condition are the variables that separate comparable units; pricing should reflect where a specific apartment sits within that range.
Condominium liquidity is a marketing advantage. The flexibility of deeded ownership widens the buyer pool relative to co-ops; that breadth should be reflected in marketing reach.
Closing timelines are condo-fast. Expect a materially shorter contract-to-close window than a board-approved co-op sale.
Comparable buildings
If you're considering 368 Third Avenue, also evaluate:
- 111 Third Avenue — nearby Third Avenue condominium; corridor peer on flexibility and vintage
- 111 East 14th Street — new-development condominium at the corridor's southern edge
- 300 East 40th Street — Murray Hill condominium; comparable ownership flexibility and carrying-cost profile
- 45 Park Avenue — Murray Hill condominium; a step up in finish and price
- 34 Gramercy Park East — the corridor's prewar trophy reference point for context
The Roebling Team at 368 Third Avenue
The Roebling Team at Compass works across the Gramercy, Murray Hill, Kips Bay, and Midtown East submarkets. We publish this building profile because buyers and sellers in the corridor's condominium stock deserve building-specific intelligence — ownership structure, carrying-cost reality, transactional mechanics, and pricing read at the apartment level — rather than generic market commentary.
If you're considering a purchase or sale at 368 Third Avenue, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — financial structuring, due diligence priorities, comparable analysis at the apartment level, and the pacing strategy that fits your timeline.
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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