--- title: "216 3rd Avenue, New York City, NY 10003" description: "216 3rd Avenue, New York City, NY 10003 — Multi Family Home in Gramercy Park, Manhattan, NY. Listing Price $5,250,000. Studio bed, 5 bath, 4,320 sqft Illustrative Buyer Commission Share of $78,750 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/216-3rd-avenue-ny-10003" source: "Real Estate Rebate Team" status: "Active" --- # 216 3rd Avenue, New York City, NY 10003 Multi Family Home in Gramercy Park, Manhattan, NY Courtesy of AA Management NYC LLC ## At a Glance - **Listing Price**: $5,250,000 - **Beds**: Studio - **Baths**: 5 - **Sqft**: 4,320 - **Monthly Taxes**: $5,712 / mo - **Price per Sqft**: $1,215 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $5,250,000 - **Illustrative Buyer Commission Share**: -$78,750* - **Illustrative Net Cost**: $5,171,250 *Illustrative Buyer Savings of $78,750 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (6) ![216 3rd Avenue, New York City, NY 10003 — photo 1 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/981a8808-c2bd-4943-9a64-403a028b76a0.jpg) ![216 3rd Avenue, New York City, NY 10003 — photo 2 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/983fe3b5-0c9f-44c7-a660-9c27113d9588.jpg) ![216 3rd Avenue, New York City, NY 10003 — photo 3 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8a5a1b57-4d17-476e-a0c5-89e1bae86547.jpg) ![216 3rd Avenue, New York City, NY 10003 — photo 4 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ac8b88aa-4bc1-4199-8aae-b4bc0481a134.jpg) ![216 3rd Avenue, New York City, NY 10003 — photo 5 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fc2ebcd1-e281-47e5-8f6b-a754b7cb8ccb.jpg) ![216 3rd Avenue, New York City, NY 10003 — photo 6 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5ec0b02f-3794-41ce-96f3-4796e0cb5c53.jpg) ## Property Overview Rare opportunity to acquire a fully leased mixed-use investment property in the heart of Manhattan's highly desirable Gramercy neighborhood. Located on Third Avenue between East 17th and East 18th Streets, the property consists of approximately 4,320 square feet across three stories and is 100% occupied with established tenants. The building also benefits from valuable development potential through unused air rights, offering investors both stable in-place income and long-term upside. Surrounded by national retailers, restaurants, residential developments, and major transportation hubs, this asset presents a unique opportunity in one of New York City's most sought-after submarkets. ## Property Details - **Property Type**: Multi Family - **Baths**: 5 - **Sqft**: 4,320 sqft - **Stories**: 3 - **Year Built**: 1900 - **Price per Sqft**: $1,215 - **Monthly Taxes**: $5,712 / mo - **Listed On**: Jun 8, 2026 - **Days on Market**: 102 Days ### Residence Features - Window Unit(s) - See Remarks ## Estimated Monthly Payment **$32,259 / month**, assuming a 20% down payment ($1,050,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $26,547 - **Property Taxes**: $5,712 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $5,250,000 - **Median sold price**: $6,400,000 - **Difference**: -$1,150,000 (-18%) - **This home, $/ft²**: $1,215 - **Median $/ft²**: $1,524 - **Comparable sales**: 8 - **Sales from**: October 2021 – July 2026 - **Middle half of those sales**: $5,450,000 – $7,768,750 Based on house sales in Gramercy Park. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Gramercy Park. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sale-to-list price**: 90% (8 sales) - **Sold below asking**: 88% (8 sales) - **Typical time to find a buyer**: 204 days (7 sales) - **Typical time to close**: 50 days (6 sales) Based on house sales in Gramercy Park with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Sales data through July 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 216 3rd Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/216-3rd-avenue) ## Property Tax History Taxes at 216 3rd Avenue were $96,097 in 2026, up 8.0% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $1,846,800 | $612,000 | $1,234,800 | $768,774 | $96,097 | 12.5% (estimated) | | 2025 (FY 2025/26) | $1,816,650 | $612,000 | $1,204,650 | $711,828 | $88,979 | 12.5% (estimated) | | 2024 (FY 2024/25) | $1,625,850 | $612,000 | $1,013,850 | $703,413 | $87,927 | 12.5% | | 2023 (FY 2023/24) | $1,510,200 | $612,000 | $898,200 | $689,764 | $86,234 | 12.502% | | 2022 (FY 2022/23) | $1,887,750 | $612,000 | $1,275,750 | $638,672 | $78,346 | 12.267% | | 2021 (FY 2021/22) | $2,220,750 | $612,000 | $1,608,750 | $591,365 | $72,354 | 12.235% | | 2020 (FY 2020/21) | $2,335,500 | $612,000 | $1,723,500 | $547,560 | $67,169 | 12.267% | | 2019 (FY 2019/20) | $1,960,650 | $612,000 | $1,348,650 | $541,087 | $67,490 | 12.473% | | 2018 (FY 2018/19) | $530,588 | — | — | $530,588 | $66,918 | 12.612% | | 2017 (FY 2017/18) | $491,286 | — | — | $491,286 | $62,487 | 12.719% | | 2016 (FY 2016/17) | $454,896 | — | — | $454,896 | $58,645 | 12.892% | | 2015 (FY 2015/16) | $421,200 | — | — | $421,200 | $54,263 | 12.883% | | 2014 (FY 2014/15) | $416,221 | — | — | $416,221 | $53,505 | 12.855% | | 2013 (FY 2013/14) | $408,146 | — | — | $408,146 | $53,651 | 13.145% | | 2012 (FY 2012/13) | $377,913 | — | — | $377,913 | $49,813 | 13.181% | | 2011 (FY 2011/12) | $349,920 | — | — | $349,920 | $47,005 | 13.433% | | 2010 (FY 2010/11) | $345,783 | — | — | $345,783 | $46,172 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 1008740042. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 216 3rd Avenue Gramercy Park · Multi Family 216 3rd Avenue, New York, NY 10003 A building in Gramercy Park, currently featuring 1 active listing. - **Year Built**: 1900 - **Active Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/216-3rd-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10003/216-3rd-avenue-ny-10003) | Studio | 5 | 4,320 sqft | $1,215 | $5,250,000 | AA Management NYC LLC | Jun 8, 2026 | 101 days | ## Gramercy Park Private, Exclusive, and Historic [Explore Gramercy Park](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy-park) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Gramercy Park - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village) - [East Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-village) - [NoHo real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/noho) ## Related Links - [216 3rd Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/216-3rd-avenue) - [Gramercy Park neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy-park) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.