The Wingate (561 Third Avenue / 201 East 37th Street)
561 Third Avenue, New York, NY 10016
BBL 1009180001 · BIN 1020333
- Year built
- 1960
- Type
- Cooperative
- Units
- 106
- Floors
- 14
- Landmark
- No
- Pets
- Cats permitted; no dogs per listing records — verify current policy with management
- Subletting
- Permitted with board approval per listing records — verify current terms with the managing agent
- Pied-à-terre
- Allowed
- Financing
- Confirm maximum financing percentage with the managing agent at offer stage (minimum 20 percent down per listing records)
- Flip tax
- No flip tax per listing records — confirm with the managing agent at offer stage
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $728
- Listing discount
- 2.9%
- Recorded sales
- 121
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Wingate 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.
The Wingate — a full-service postwar co-op marketed as 201 East 37th Street — anchors the convenient, value end of Murray Hill on the corner of Third Avenue and East 37th. Fourteen stories of mid-century buff brick built in 1960 and converted to cooperative ownership in 1981, it delivers the service package that defines the neighborhood's better postwar stock — a 24-hour doorman and concierge, a live-in superintendent, and a furnished roof deck — at a price tier that competes with the entry band of Manhattan co-op ownership. Its edge is location: roughly a quarter-mile to Grand Central Terminal's full transit stack, on the Third Avenue retail spine, with a Trader Joe's and NYU Langone in easy reach.
The building trades on carry and convenience rather than architectural statement, and its financial framework is a genuine advantage at this tier. Per listing records, there is no flip tax — an unusual and meaningful feature that lifts seller net proceeds relative to the many Murray Hill co-ops that charge a transfer fee. The policy stack is moderate: pieds-à-terre and subletting are permitted with board approval, co-purchasing and guarantors are accepted, and the building takes cats but not dogs. This is a practical, well-run building for owner-occupants and flexible buyers who want doorman service and a Grand Central commute without a trophy budget.
The corner footprint is a quiet advantage. On a corner lot, more apartments carry two exposures, and the upper floors pick up open views — including Empire State Building, One World Trade Center, and East River sight lines from some lines — that a mid-block building of the same height would not offer. Ground-floor retail on the Third Avenue frontage keeps the building's commercial income in the picture, a point worth reviewing in the financials during diligence.
Architecture and unit composition
The Wingate runs fourteen stories of buff/yellow brick on a corner lot, with a canopied entrance on the East 37th Street side. The inventory is predominantly studios and one-bedrooms, with a layer of larger and combined apartments. Layouts are 1960s-practical — windowed kitchens and baths in many lines, efficient room shapes, and real closet volume — and they renovate cleanly. The corner exposures and upper floors carry the building's better light and its open-view lines. The building runs on through-wall air conditioning rather than central systems; buyers pricing renovations should set HVAC expectations accordingly.
Building operations
This is a staffed, full-service co-op: a 24-hour doorman and concierge, a live-in superintendent, elevators, central laundry, a furnished roof deck, a bike room, and private storage, with wired high-speed internet service. There is no on-site garage, gym, or pool. Ground-floor retail occupies the Third Avenue base. The offering plan, proprietary lease, and by-laws are on file in The Roebling Research Library and available to clients during diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $29,798/yr
- Per unit / month range
- $0 – $23
- Modeled exposure split equally across 106 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 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. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
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. City record last verified September 2026.
Recent sales
Recent transfers 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 1, 2026 | 5A | 1 BA · 562 sf | $420,000 | $747/sf | -1.2% |
| Apr 20, 2026 | 11D | 2 BR · 1 BA | $775,000 | -3.0% | |
| Apr 15, 2026 | 8G | 1 BR · 1 BA · 800 sf | $558,000 | $698/sf | -3.0% |
| Dec 19, 2025 | 11G | 1 BR · 1 BA | $700,000 | -3.4% | |
| Sep 19, 2025 | 3D | 2 BR · 1 BA · 900 sf | $830,000 | $922/sf | -2.2% |
| Jun 27, 2025 | 4H | 1 BA · 450 sf | $385,000 | $856/sf | -3.5% |
| Feb 24, 2025 | 2G | 2 BR · 2 BA · 1,350 sf | $989,000 | $733/sf | -14.0% |
| Jan 21, 2025 | 8E | 1 BA · 575 sf | $445,000 | $774/sf | -3.1% |
Market read. Most recent trades (2026) cleared a median $728/sf (floor-adjusted) across 2 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 2.9% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| May 22, 2003 | 3D | $419,000 |
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 1-00918-0001). 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 on co-ops is not officially recorded, figures shown are approximate.
Closed rents at The Wingate, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 2 bedroom | 3 | $5,350 |
Also $67 per sq ft per year (4 leases that report square footage). 4 closed sublet leases, October 2023 to September 2026. Most recent lease May 2026. Based on few leases. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $558K (9 transfers since 2024), a buyer putting 25% down would pay about $10,643 to close, or 1.9% of the price.
- Mansion tax: $0
- No mortgage recording tax or title insurance on a co-op purchase
- Attorneys, lender, building fees and filings: $10,643
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
The service package plus commute is the value. A 24-hour doorman and roof deck, a quarter-mile from Grand Central, at Murray Hill value pricing, is the core proposition. Weigh it against leaner co-ops nearby and the condominiums that price higher.
No flip tax is a genuine feature. Per listing records the building charges no transfer fee — favorable on both sides of a transaction. Confirm it holds before you model net proceeds.
Confirm the pet policy. Listing records indicate cats but no dogs. If a dog is part of your plan, this may be the wrong building — verify with management before committing diligence.
Prioritize corner and view lines. The corner lot and upper floors carry the open exposures. Walk the difference in person before you price.
Run the board math early. The Co-op Board Qualification Calculator is the right first step.
What to know if you’re selling
Lead with location and the no-flip-tax advantage. A Grand Central-proximate doorman building with no transfer fee is a strong story on both value and net proceeds. Put it first.
Sell the corner exposures. Two-exposure and open-view lines are the building's differentiator against mid-block postwar stock. Name the views where they exist.
Condition drives the spread. In a building where the value axis is renovation and exposure, price original-condition interior units to the renovation math. The Renovation Cost Calculator frames it for buyers.
Comparable buildings
If you're considering 561 Third Avenue, also evaluate:
- 155 East 38th Street — full-service Murray Hill condominium near Grand Central; the condo-flexibility alternative
- 160 East 38th Street — postwar full-service Murray Hill co-op nearby
- 201 East 36th Street — Murray Hill co-op a block south
- 225 East 36th Street — postwar Murray Hill co-op with entry-tier inventory
- 132 East 35th Street — Murray Hill House; full-service co-op with a skyline roof deck and garage
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
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 The Wingate?
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