A pre-war building whose location makes a world of difference
In real estate, they say location is everything. In the case of 330 Third Ave., its perch on the edge of Kips Bay and just outside of Gramercy is the sweet spot. Had the building been situated just one more block south, potential buyers would have been subjected to the premium pricing that comes along with an address in Gramercy’s posh enclave. “We’re not considered Gramercy Park proper,” says Andrew Saracino, a real estate agent with Brown Harris Stevens who’s lived in the building for 26 years. “If we were on the park or below 23rd Street, the prices would be greater. For some reason, because we're above 23rd, you get more value for your money.” Considering its proximity to Gramercy, as well as the buzzy NoMad and Flatiron districts, units here are well-priced, falling under $1 million for the most part.
Designed in 1964 by prolific New York City builders S. J. Kessler & Sons, this 21-story co-op (converted from rentals in 1984) showcases the typically handsome yet nondescript red-brick facade of many post-war buildings constructed in the ‘60s. One- and two-bedroom apartments make up the majority of units whose layouts with foyers, galley kitchens, white walls and parquet flooring check the boxes for a standard post-war layout. Basic amenities are available and the lobby recently underwent renovations that reflect a modern aesthetic. The building does share a block with Baruch College’s 17-story, 786,000-square-foot main building, so college students are usually milling about, which could be a deterrent for some. But, given its well-positioned locale, comfortable post-war layouts and its atypical pricing, 330 Third Ave. could be a real bargain for a lot of people.
Studio to three-bedroom units with accessible pricing
The building at 330 Third Ave. was originally designed with 206 units. Due to combinations, there are currently 14 two-bedrooms and four three-bedrooms, while the rest of the units are almost evenly split between alcove studios and one-bedrooms. Some of the apartments have been renovated with modern finishes and their galley kitchens opened up to the living areas, but many have not. Those in need of upgrades can be a real steal, however, like the 800-square-foot one-bedroom that cost $399,000 in the fall of 2024, an almost unheard-of price in Manhattan. Studio sizes fall between 400 square feet and can go up as high as 800 square feet, although most fall within the 500-to-700-square-foot range; prices start at $310,000 and have gone up to $550,000 in the recent past. Most one-bedrooms fall within 600 to 900 square feet and can start at $400,000, like the 600-square-foot unit that was available in early 2024. A 900-square-foot upgraded junior four with an open kitchen sold for $780,000 in 2022. In the past five years, the only units to cross $1 million are a two-bedroom, two-bathroom at 1,050 square feet and a three-bedroom, two-bathroom at 1,750 square feet.
A solid suite of essential amenities and generous resident policies
The building provides a full-time doorman and a live-in super. During the most recent makeover the lobby and roof were renovated; the boiler was replaced; mailboxes, elevators, and hallways were upgraded; and a package room was added. Laundry facilities are located in the basement, although some units have added a washer and dryer. A sub-level garage is located on-site, and parking spots are rented out to tenants. A bike room and storage units are also available. The board allows co-purchases, units bought as a second home and subletting after two years of ownership. And although the building is pied-a-terre friendly, Saracino says 90% to 95% of units are owner occupied. Terraces are available only to a few apartments on the upper floors, but Saracino mentions that the pedestrian plaza on the 25th Street end of the block satisfies any outdoor lounge space cravings.
Sitting at the doorway to a food lover’s mecca
The co-op's location on the edge of Kips Bay puts it in proximity to NoMad, Flatiron, Gramercy, Park Avenue South and the numerous local restaurants on Lexington and Third avenues. Casual dining places like Sunflower, directly across the street, and British restaurant Dog & Bone next door are plentiful on Third Avenue. A small concentration of Indian restaurants like Saravanaa Bhavan and Sahib, are located near the 24th Street end of Lexington. Park Avenue South, which stretches from 14th street up to 33rd, is known for its collection of upmarket restaurants like The Ivy Room and Oceans. Weekends on Park Avenue South are extremely popular for brunch at places like Sarabeth’s, L’Express and Barbouni. NoMad and Flatiron also teem with weekend brunchers and places like Eataly, Ilili, The Smith and Michelin-starred COTE receive a lot of midweek traffic at dinner time, too. For local chain grocery stores, D’Agostino is one block north and Morton Williams is on 23rd and Second. Whole Foods, Fairway and Trader Joe’s are all under a five-minute drive. Madison Square Park, a neighborhood park well-known for its arts installations, is a seven-minute walk from the building. (The much-loved park is also home to the world’s first Shake Shack and a dog run with a special section for small dogs). Potential residents should note that it isn’t unusual to hear sirens and see emergency vehicles as there are three hospitals located within the 11-block neighborhood.
Residents can hop on a train, bus, highway, ferry, or helicopter
Access to the 6 train is on 23rd and Park or a catch the R and W just a block-and-a-half further west. The M23-SBS rides to the west side from 23rd and Third, and the M101, 102 and 103 heads north and south from the same intersection. The FDR is five minutes away. And Skyport Marina, where many party boats that sail around Manhattan dock and helicopters lift off to places like the Hamptons, is about a six-minute walk.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
3/ 10
Biker's Paradise
Bike Score®
92/ 100
Walker's Paradise
Walk Score®
100/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Vincent F Albano Jr Playground
6 min walk
Playground
Bellevue South Park
6 min walk
Basketball
Dog Park
Volleyball
Peter's Field
6 min walk
Basketball
Multi-Purpose Field
Augustus St. Gaudens Playground
7 min walk
Basketball
Playground
Madison Square Park
7 min walk
Dog Park
Picnic Area
Playground
Stuyvesant Square
9 min walk
Dog Park
Trails
Events
Asser Levy Playground
9 min walk
Union Square Park
13 min walk
Dog Park
Picnic Area
Trails
St. Vartan Park
14 min walk
Baseball/Softball
Basketball
Football
Schools
Source:
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