- Year built
- 2006
- Type
- Condominium
- Landmark
- No
- Financing
- Minimum 20% down payment
385 Third Avenue is an 18-story condominium built in 2006 on Third Avenue near 28th Street, on the line between Murray Hill and Kips Bay. It belongs to the generation of mid-2000s condominium development that gave this part of Midtown South a stock of modern, doorman-serviced homes — a meaningful alternative to the area's older co-ops and rental buildings. With 49 residences, it is a full-service condominium scaled for everyday living rather than trophy display, and its value proposition is straightforward and durable: contemporary layouts, condominium flexibility, and a genuinely central location.
The building's appeal is practical. Buyers here get the things that drive day-to-day quality of life and resale demand — a doorman, modern systems and floor plans, and a position steps from the 6 train and within easy reach of Madison Square Park, NoMad, Gramercy, and Midtown. For a buyer who wants a flexible, well-located condominium without the premium of new construction or the constraints of a co-op board, 385 Third sits in a useful sweet spot.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Facade safety — Local Law 11
The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →What to know if you’re selling
Lead with the practical strengths: condominium flexibility, a doorman, modern layouts, and a central, transit-rich location. Those are the attributes that drive demand in this corridor, where many buyers are weighing condominium convenience against older co-op stock. Benchmark to comparable 2000s-era condominiums in Murray Hill, Kips Bay, and NoMad, weighting floor, light, and the condition of each home's kitchen and baths. Closing mechanics are condominium-standard — a right-of-first-refusal rather than a board process — a faster, more predictable path that itself appeals to the broad buyer pool this building attracts. The 20%-down financing and flexible ownership terms widen that pool further.
Comparable buildings
If you're considering 385 Third Avenue, also evaluate nearby Murray Hill, Kips Bay, and Gramercy condominium inventory:
- 300 East 23rd Street — Gramercy / Kips Bay condominium nearby
- 305 East 24th Street — Gramercy building nearby
- 245 East 25th Street — Kips Bay building nearby
- 150 East 23rd Street — ODA-designed Gramercy condominium
- 20 East 35th Street — Murray Hill building to the north
The Roebling Team at 385 Third Avenue
The Roebling Team at Compass specializes in Murray Hill, Kips Bay, Gramercy, and the broader Midtown East condominium market. We publish this profile because buyers and sellers of full-service condominiums deserve building-specific intelligence — the layouts, the ownership structure, and where the pricing sits against the right comparable set. If you're considering a transaction here, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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