- Type
- Rental
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
385 Third Avenue is an 18-story senior rental building between East 27th and East 28th Streets. Met Council reports that it opened in 2008 with 10 studios, 38 one-bedroom apartments and a live-in superintendent’s unit. The project engineer identifies the development as affordable rental housing, with a residential lobby and commercial space.
This is an application-based rental opportunity. Met Council’s published program serves income-qualified seniors; applicants should obtain current age, income, household and availability requirements directly from the operator before relying on older published thresholds. The building’s location provides access to the 6 train and nearby Midtown South services.
Building operations
Met Council identifies a community room and a live-in superintendent. Current laundry facilities and apartment equipment are unconfirmed; verify present staffing and storage arrangements directly with the operator. No doorman is documented in the primary records reviewed; private storage and in-unit laundry are not confirmed.
Architecture and residences
The project engineer describes an 18-story, approximately 60,000-square-foot building designed by Werfel & Associates, with 48 affordable rental apartments, a residential lobby and commercial space. Met Council’s 49-unit total includes the superintendent’s apartment. Those counts describe different parts of the same program, rather than 49 saleable condominium residences.
Rental applications
Met Council identifies the property as low-income senior housing developed using federal low-income housing tax credits. Obtain the current application instructions, income limits, age requirements and availability from Met Council. Published program descriptions are not confirmation of an available apartment or an individual applicant’s eligibility.
Ownership and sales context
The primary sources identify rental apartments here. Condominium resale comparisons, a 20-percent down-payment requirement, board-waiver procedures and claimed investor or pied-à-terre permissions therefore do not describe these homes. A prospective resident should use the rental application process rather than condominium purchase guidance.
Building staffing and amenities
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- 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
- $10,807/yr
- Per unit / month range
- $0 – $18
- Modeled exposure split equally across 49 units (the residential count on the city's lot record). Not an assessed amount; in a rental building the penalty is the owner's obligation, so this is a measure of scale only.
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 →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
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Comparable buildings
The following nearby building guides provide neighborhood context. They are not substitutes for the eligibility rules or application process at 385 Third Avenue:
- 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
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 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.
646.939.7375 · c.cohen@compass.com