The Wingate (561 Third Avenue / 201 East 37th Street)
561 Third Avenue, New York, NY 10016
- 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
- $732
- Listing discount
- 3.5%
- Recorded sales
- 50
- On record
- 2003–2026
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.
Recent sales
Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| 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% |
| Feb 24, 2025 | 2G | 2 BR · 2 BA · 1,350 sf | $989,000 | $733/sf | -14.0% |
| Aug 23, 2023 | 15B | 1 BR · 1 BA · 750 sf | $540,000 | $720/sf | -20.0% |
| Aug 31, 2022 | 8D | 2 BR · 1 BA | $850,000 | -2.9% | |
| Apr 19, 2022 | 11B | 1 BR · 1 BA · 802 sf | $662,000 | $825/sf | -4.7% |
Market read. Most recent trades (2026) cleared a median $732/sf across 1 sale. Median listing discount 3.5% 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 |
|---|---|---|
| Oct 4, 2021 | 3G | $557,500 |
| Aug 11, 2021 | 14D | $849,000 |
| Mar 19, 2019 | 6D | $795,000 |
| Nov 2, 2011 | 7G | $775,000 |
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) 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; square footage on co-ops is not officially recorded, figures shown are approximate.
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 Roebling Team at The Wingate
The Roebling Team at Compass works Murray Hill and the broader Midtown East corridor as a core practice area. We publish this building profile because Wingate buyers and sellers deserve building-specific intelligence — conversion documentation, policy framework, and corridor-level comparables — not generic neighborhood commentary.
If you're considering a transaction at 561 Third Avenue, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.
Get the full picture on this building.
The full comp set, a private valuation of your line, or current and off-market availability — sent to you directly.