# 501 3rd Avenue, Manhattan

Condominium · 144 units · built 2020 · Block 914, Lot 7501.

On Umarelli: https://umarelli.org/nyc/1009147501/501-3-avenue

More construction in Murray Hill: https://umarelli.org/nyc/manhattan/murray-hill.md

## Building permits

- Alteration, filed Oct 12, 2023, estimated cost $1K, described as “Suspended Hanging Scaffold Installation as per plans filed herewith. No change in use, egress or occupancy”
- Alteration, filed Feb 1, 2022, estimated cost $1K, described as “Installation of temporary barricade as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 14, 2021, estimated cost $20K, described as “Installation of temporary suspended scaffold per drawings. Cd-5 not required because suspended scaffold will be used during NB const. Suspended scaffold shall comply with ch 33 of the NYC bc. No change in use, occupancy or egress under…”
- Alteration, filed May 6, 2020, described as “Installation of sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Dec 20, 2019, estimated cost $1K, described as “New Boiler installation to support both building heating and domestic hot water for new building.”
- Alteration, filed Oct 9, 2019, described as “Installation of fence as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 13, 2018, estimated cost $1K, described as “Installation of temporary 60' high pipe scaffold originating (off shed) for demolition building construction work as per plan. No change in use egress or occupancy,pipe scaffold shall comply with CHAPTER#33 of 2014 the ny building code.”
- Alteration, filed Apr 13, 2018, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy.sidewalk shed shall comply with chapter #33 of the NYC building code.live load 300PSF.”
- Alteration, filed Apr 2, 2018, estimated cost $2K, described as “Installation of construction fence to protect site during demolition of 499 & 501 3rd Ave.”

## Property taxes

- Assessment: $21,511,497
- 2026–27 tax: $2,500,482
- Market value (city estimate): $47,803,275
- Taxable value: $20,175,656
- Assessed land: $2,718,002
- Assessed improvements: $18,793,495
- Condo units with their own tax lots: 145

## Zoning

C1-9: floor area ratio 18.78 built, above the 10.00 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Sep 22, 2026: $1,592,543, Apt 31B
- Sep 18, 2026: $2,463,147, Apt 29D
- Sep 15, 2026: $1,608,835, Apt 30B
- Sep 11, 2026: $1,303,360, Apt 22B
- Aug 19, 2026: $1,449,988, Apt 26A
- Aug 18, 2026: $1,255,000, Apt 21B
- Aug 7, 2026: $1,546,722, Apt 27B
- Jul 28, 2026: $1,312,524, Apt 19A
- Jul 24, 2026: $710,000, Apt 3C
- Jul 1, 2026: $890,000, Apt 10A

The 10 most recent of 122 open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## In the news

[Eastlight Wraps Up Construction at 200 East 34th Street in Kips Bay, Manhattan](https://newyorkyimby.com/2023/02/eastlight-wraps-up-construction-at-200-east-34th-street-in-kips-bay-manhattan.html), New York YIMBY, Feb 4, 2023.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology