- Type
- Condominium
- Units
- 79
- Landmark
- No
- Pets
- Permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
806 Second Avenue is an early-1980s condominium in Midtown East, on the stretch of Second Avenue near the United Nations, Tudor City, and Grand Central. Condominiums of this vintage are comparatively scarce in a submarket long dominated by prewar and postwar cooperatives and large rental towers — and that scarcity is part of the appeal. A deeded condominium in Midtown East offers ownership flexibility that the surrounding co-op stock generally restricts, in a location with exceptional transit access and walkability to the East Midtown employment core.
For buyers, the value proposition is flexibility plus location: a condominium with the latitude that deeded ownership implies, convenient to Grand Central, the U.N. district, and Midtown East, at a price point below the trophy corridors. For pied-à-terre and investor buyers in particular, a Midtown East condominium is a structurally rational alternative to the area's restriction-heavy cooperatives.
Architecture and unit composition
806 Second Avenue is a postwar condominium of early-1980s vintage — a masonry-and-glass residential building constructed to the standards of its era. The apartment mix runs to efficient one- and two-bedroom layouts typical of the period's new-construction product, with a smaller number of larger units. Window lines, ceiling heights, and finish packages reflect early-1980s construction; buyers should view layouts in person to calibrate on light, exposure, and floor, which drive value in a building of this footprint. As an established condominium, the building's systems have a multi-decade operating history; current engineering condition and any modernization should be confirmed during diligence.
Building operations
806 Second Avenue operates as a condominium, with owners paying common charges plus individually assessed real estate taxes rather than a single co-op maintenance figure. The building carries the staffing and service package typical of a Midtown East condominium of its size. Buyers should review the current common-charge schedule, the building's reserve position, and any recent or planned assessments as part of diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $15,100/yr
- Per unit / month range
- $0 – $16
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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
806 Second 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, Midtown East condominiums have generally traded below the prewar trophy spine, with pricing driven by floor, exposure, light, and renovation condition — and, in an established building, by the degree to which individual apartments have been modernized. Higher-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 |
|---|---|---|---|---|
| Jun 14, 2005 | 18C | 932 sf | $690,000 | $740/sf |
| Apr 13, 2005 | 2B | 1,565 sf | $1,185,000 | $757/sf |
| Apr 6, 2005 | 14C | 932 sf | $640,000 | $687/sf |
| Oct 5, 2004 | 12C | 932 sf | $600,000 | $644/sf |
Market read. Most recent trades (2005) cleared a median $740/sf across 3 sales.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01336-7501) 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. In a submarket dominated by restriction-heavy co-ops, deeded ownership permits pied-à-terre, investment, and sublet use under the declaration, with fast closings.
Price on $/sf and per apartment. Capture square footage, exposure, floor, and renovation 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 and real estate taxes — rather than a single number.
Mansion tax applies above $1M. Run any prospective purchase through the Mansion Tax Calculator.
What to know if you’re selling
Flexibility is the marketing story. A Midtown East condominium reaches pied-à-terre and investor buyers that the area's co-ops cannot; foreground that flexibility in marketing reach.
Floor, light, and condition drive price. Exposure, floor, and renovation state separate comparable units; price to where a specific apartment sits in that range.
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 806 Second Avenue, also evaluate:
- 300 East 40th Street — nearby Murray Hill / Midtown East condominium; direct corridor peer
- 303 East 57th Street — Midtown East building; corridor context
- 322 East 57th Street — Midtown East cooperative; corridor context
- 430 East 58th Street — Midtown East condominium; comparable flexibility profile
- 45 Park Avenue — Murray Hill condominium; a step up in finish and price
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
Considering a move at 806 Second 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 806 Second 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.