501 3rd Avenue

501 3rd Avenue is a condo located in Rose Hill, New York. The building was first built in 2020 and is 4 years old. It was first renovated and altered in 2020. The lot that the building was built on is 70 feet wide and 81 feet long. The official lot area is listed as 5,604 square feet. The building itself is 70 feet wide and 80 feet long. In total, 501 3rd Avenue has a total floor area of 147,683 square feet. Of that, 144,621 square feet are used for residential purposes. About 3,062 square feet of the building are used for commercial purposes. There are a total of 145 units. Of those, 144 are residential units. There are 1 commercial units. 501 3rd Avenue has a total of 31 floors. Thankfully, the building is equipped with elevator service. Residents can acccess the 2 elevators in 501 3rd Avenue.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. Better yet, washer and dryers are allowed in each unit. For those who love to work out, there is a fitness center. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 67 closings on record, of which we have matching data for 31 listings. In the past 3 years, a listing in this building will typically remain on the market for about 251 days Meaning, listings tend to sell at a median of $1,783 price per square foot. The transaction that took the longest to complete was unit 3D, listed on Mar 10, 2022 for $698,000. This particular unit ultimately sold 356 days later for $690,000. The most recent transaction was for unit 18C, which was first advertised on Oct 04, 2023, sold for $1,715,000 on Jan 22, 2024. Fun fact, the oldest transaction we have on record took place on Jul 19, 1967. See the full transaction history for 501 3rd Avenue below.

Rose Hill, where 501 3rd Avenue is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $1,309,000. For interested buyers, that means the building's median asking price is around 0.35% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 27 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $3,018,000. It is a 1,118 sqft 2 bedroom and 2 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $790,000. It is a studio and 1 bathroom unit. A breakdown of active listings shows 8 studio, 15 one-bedroom, 4 two-bedroom, no three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $1,500,000. Collectively, the median square footage of these active units for sale is 720 sqft. Active units for sale at 501 3rd Avenue have a median count of 1 bedrooms and have a median count of 1 bathroom.