- Year built
- 2016
- Type
- Condominium
- Units
- 71
- Floors
- 20
- Landmark
- No
- Pets
- Pets permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2018–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,660
- Listing discount
- 1.5%
- Recorded sales
- 81
- On record
- 2018–2026
591 Third Avenue is a mid-2010s new-development condominium in Murray Hill, on the stretch of Third Avenue where the neighborhood meets Midtown East. It belongs to the newest wave of corridor condominium construction — purpose-built ownership product with contemporary systems, finishes, and amenity programming that distinguish it from the older rental and prewar stock around it.
The value proposition is location plus modernity: a recent-vintage condominium with the flexibility of deeded ownership, in a Murray Hill location convenient to Grand Central, Midtown East, and the broader Gramercy–Murray Hill corridor, at price points below the trophy spine to the north and west. For buyers who prioritize new construction, building systems, and ownership flexibility, 591 Third Avenue is among the more contemporary options in the corridor.
Architecture and unit composition
591 Third Avenue is a mid-2010s new-development condominium — a contemporary residential building constructed to current standards, with the larger window lines and higher finish specification typical of its construction era. The apartment mix runs to one- and two-bedroom layouts sized for the corridor's buyer base, with a smaller number of larger residences. Because the building is recent, ceiling heights, glazing, and kitchen and bath specifications generally reflect newer construction; buyers should view layouts in person to calibrate on light, exposure, and floor, which drive value within the building.
Recent construction means newer mechanical systems, elevators, and common areas — a real diligence and carrying-cost advantage relative to older corridor inventory, subject to confirmation of current engineering condition.
Building operations
591 Third Avenue operates as a condominium, with owners paying common charges plus individually assessed real estate taxes rather than a single co-op maintenance figure. As a recent new-development building, it carries a contemporary service and amenity package — a fitness center, a residents' lounge, a rooftop terrace with a grill and dining area, a central laundry room, bicycle storage, and private storage. Buyers should review the current common-charge schedule, the building's reserve position, any tax-abatement status, and any recent or planned assessments as part of diligence.
Recent sales
591 Third Avenue is a condominium, so its market reads on a price-per-square-foot basis: deeds record price and date, and apartment-level square footage, beds, baths, asking price, common charges, and discount-to-ask complete each comparable. As a corridor matter, Murray Hill condominiums of recent vintage have generally traded above the corridor's older stock but below the prewar trophy spine, with pricing driven by floor, exposure, light, and apartment condition — and, in a newer building, by the freshness and specification of the original finish package. High-floor and well-exposed units typically command a premium. Because units are heterogeneous, apartment-level $/sf comparison beats a blended building average; we model each prospective transaction against recent in-building and corridor deeds.
Recent closings 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 |
|---|---|---|---|---|---|
| May 28, 2026 | 12A | 2 BR · 2 BA · 1,077 sf | $1,699,000 | $1,578/sf | -5.6% |
| Oct 31, 2024 | 5D | 1 BR · 1 BA · 737 sf | $1,300,000 | $1,764/sf | -3.7% |
| Sep 6, 2024 | 10C | 1 BR · 1 BA · 737 sf | $1,230,000 | $1,669/sf | -15.2% |
| May 16, 2024 | 3C | 2 BR · 1,111 sf | $1,535,000 | $1,382/sf | -14.1% |
| Jun 5, 2023 | 9B | 1 BR · 1 BA · 782 sf | $1,250,000 | $1,598/sf | -9.4% |
| May 20, 2022 | 7B | 1 BR · 1 BA · 782 sf | $1,335,000 | $1,707/sf | -4.3% |
| Feb 3, 2022 | 8D | 1 BR · 737 sf | $1,325,000 | $1,798/sf | -1.5% |
| Dec 14, 2021 | 15A | 2 BR · 2 BA · 1,077 sf | $1,800,000 | $1,671/sf | off-mkt |
Market read. Most recent trades (2026) cleared a median $1,660/sf across 1 sale. Median listing discount 1.5% 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.
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 1-00919-7502) 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; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
Condominium flexibility is the headline. Deeded ownership permits pied-à-terre, investment, and sublet use under the declaration, with fast closings relative to co-ops. Specific financial sublet terms are governed by the declaration and house rules.
Price on $/sf and per apartment. Capture square footage, exposure, floor, and condition; compare against recent in-building and corridor deeds rather than a single average.
Carrying cost is common charges plus taxes. Model the full monthly carry — common charges, real estate taxes, and any abatement status — rather than a single number.
Mansion tax applies above $1M. Run any prospective purchase through the Mansion Tax Calculator; additional cliff thresholds apply at higher price points.
What to know if you’re selling
Floor, light, and finish drive price. In a newer building, exposure, floor, and the condition and specification of the apartment separate comparable units; price to where a specific unit sits in that range.
Condominium liquidity widens the pool. The flexibility of deeded ownership broadens the buyer base relative to co-ops; reflect that in marketing reach.
Closing timelines are condo-fast. Expect a materially shorter contract-to-close window than a board-approved co-op sale.
Comparable buildings
If you're considering 591 Third Avenue, also evaluate:
- 300 East 40th Street — Murray Hill condominium; direct corridor peer
- 45 Park Avenue — Murray Hill condominium; a step up in finish and price
- 71 Park Avenue — Murray Hill condominium; corridor peer
- 368 Third Avenue — Kips Bay condominium; corridor peer at an older vintage
- 34 Gramercy Park East — the corridor's prewar trophy reference point
The Roebling Team at The Lindley
The Roebling Team at Compass works across the Gramercy, Murray Hill, Kips Bay, and Midtown East submarkets, including the corridor's newest condominium product. We publish this building profile because buyers and sellers deserve building-specific intelligence — ownership structure, carrying-cost reality, transactional mechanics, and pricing read at the apartment level — rather than generic market commentary.
If you're considering a purchase or sale at 591 Third Avenue, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — financial structuring, due diligence priorities, comparable analysis at the apartment level, and the pacing strategy that fits your timeline.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
Get the full picture on this building.
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