- 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 latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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 →Recent sales
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00908-7502) 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.
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 neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
Considering a move at 385 Third Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 385 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.