- Type
- Condominium
- Units
- About 100
- Pets
- Pets permitted under condominium rules
- Subletting
- Generally permitted under the condominium declaration
- Pied-à-terre
- Generally allowed in condominiums; not confirmed for this building
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Doorman (hours not stated)
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, 2026 to date
- $2,024
- floor-adjusted, 4 sales
- Listing discount
- 0.9%
- Recorded sales
- 100
- On record
- 2021–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 368 Third Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
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. This is VU, a 36-story, 100-residence condominium designed by SLCE Architects and developed by Minrav. Its offering plan was accepted in November 2019 and became effective in June 2021, placing it in the later development cycle rather than the early 2000s. 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 with pricing to be compared against identified, dated sales.
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
VU at 368 Third Avenue is a contemporary residential tower designed by SLCE Architects, with interiors by Paris Forino. 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. Evaluate the specific apartment's ceiling heights, windows, finishes and layout from its plans and an inspection.
The recent development timeline does not establish lower carrying costs or current system condition. Review commissioning and service records, engineering reports, the operating budget, reserves and assessments for the mechanical systems, elevators and common areas.
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.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $761 per room a monthMedian of 25 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $3.02 per square foot a monthMedian of 25 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $1.30 per square foot a monthMedian of 38 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.76 per square foot a monthMedian of 38 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Doorman (hours not stated)Source: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $32,477/yr
- Per unit / month range
- $0 – $27
- Modeled exposure split equally across 100 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →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, from The Roebling Research Library. 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 |
|---|---|---|---|---|---|
| Sep 28, 2026 | 11AA | 3 BR · 3.5 BA · 1,601 sf | $2,610,000 | $1,630/sf | -3.2% |
| Mar 31, 2026 | 32ASponsor Sale | 3 BR · 3.5 BA · 1,605 sf | $3,795,000 | $2,364/sf | +0.0% |
| 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 | -3.7% |
Market read. Most recent trades (2026 to date) cleared a median $2,024/sf (floor-adjusted) across 4 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. 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; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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.
Closed rents at 368 Third Avenue, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 4 | $5,775 |
| 2 bedroom | 5 | $8,590 |
| 3 bedroom | 2 | $13,850 |
11 closed leases, October 2023 to September 2026. Most recent lease July 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at 368 Third Avenue and nearby.
At the recent median sale of $2.61M (11 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $106,998 to close, or 4.1% of the price.
- Mansion tax: $32,625
- Mortgage recording tax: $37,682
- Title insurance: $11,745
- Attorneys, lender, building fees, reserves and filings: $24,946
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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. 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 at $1M or more. 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.
Describe the documented ownership rules. Confirm the declaration's purchase and leasing requirements before identifying eligible buyers. Condominium tenure alone does not establish a broader buyer pool or faster resale.
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 residential alternative; verify its ownership rules and carrying costs separately
- 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
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. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 368 Third Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com