Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,337,500

Listed at $2,371,000 · Sold 1.4% below asking · Closed June 7, 2023

501 3RD Avenue #11D
Closed For Sale Condo

$2,371,000

$1,768 per sq ft

501 3RD Avenue #11D

Kips Bay, Manhattan

Eastlight

MLS® #RLS10931499

RLS at REBNY

Listing by Corcoran Sunshine Marketing Group

2

Bedrooms

2

Baths

1,341

Sq. Ft.

2022

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,341 sq ft
Year Built 2022
Ownership Condo
HOA/Common Charges $2,124/mo
Property Taxes $22,584/yr
Neighborhood Kips Bay
Floor 11 of 34

Property Highlights

  • Views: Other
  • Exposure: South,West facing
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 4
Baths 2 Full
Floor 11 of 34
View Other
Exposure South,West
Cooling Central Air
Pets Yes
Year Built 2022
Living Area 1,341 sq ft
Structure Type HighRise
Basement Other
Parcel # 0914-1051
Block/Lot 00914/0059

Listing History

Event Date Price Change
Listed Sep 21, 2021 $2,150,000 -
Price Reduced Feb 24, 2026 $2,168,000 +0.8%
Currently May 6, 2026 $2,371,000 +9.4%

Description

IMMEDIATE OCCUPANCY AVAILABLE

This south/west corner 1341 square foot (124.6 square meter) two-bedroom, two-bath residence is the only one of its kind in the building. Its unique design allows for a bonus space in the south-facing primary bedroom and an extra-large walk-in-closet as well as dedicated linen closet will satisfy your storage needs. The south/west corner living room is flooded with light, and the open plan kitchen with floating island will encourage even the most reluctant home cook to create a memorable meal. Split bedroom layout provides for a sense of privacy. Adjacent to the kitchen you will find a large walk-in closet and Bosch stackable washer/dryer.

Each residence is graced with 7" wide white oak plank flooring with matte finish, satin nickel door hardware, 9' ceiling heights and windows are pre-wired for electronic shades.

Kitchens showcase custom designed oak cabinetry, white marble countertop and backsplash with grey veining and integrated Miele appliances. Stainless steel kitchen sink with fixtures by Kohler in titanium finish and in sink garbage disposal.

Primary baths are clad in custom honed Dream White marble tiles on walls and vanity counter, with Cinderella Grey marble floors with honed finish. Custom white oak vanity with polished chrome pulls and accents, fixtures by Kohler in a vibrant titanium finish, custom mirrored medicine cabinet with oak surround.

Secondary baths have Grey Porcelain floor and wall tiles, custom millwork vanity with matte white finish, Cinderella marble countertop and brushed nickel pulls, fixtures by Kohler in vibrant titanium finish, wall mounted mirror with stainless steel frame in satin finish.

Features & Amenities

Interior Features

Building Other Washer Hookup In Unit

Exterior Features

Private Outdoor Space Under60 Sqft

Building Amenities

Elevators

Appliances

Washer Dryer Allowed

Building Information

Building Eastlight
Building Data View Compliance & Permits
Total Units 144
Stories 34
Structure HighRise

Financial Details

Common Charges $2,124/mo
RE Taxes $22,584/yr ($1,882/mo)
Original Price $2,150,000
Sale Price $2,337,500
Previous Price $2,168,000

Kips Bay is a relaxed and highly convenient residential neighborhood located on the East Side of Manhattan. Known for its mix of mid-century high-rises and historic brick townhouses, it offers a more approachable price point than its neighbors to the north and south. Residents enjoy proximity to the East River Esplanade, a variety of local dining options, and easy access to the city's major medical centers and Midtown business hubs.

Kips Bay Live Market Data

View Neighborhood

Active Listings

131

Median Asking Price

$850K

Median $/Sqft

$1,471

Avg Days on Market

N/A

New This Week

10

Price Reduced

30%

Sold (30 Days)

21

Median Sale Price

$800K

Live data from RLS at REBNY • Updated 5/5/26, 9:42 PM EST

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Location

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501 3RD Avenue #11D, Kips Bay, New York County

Building Information

Official NYC property records for this building

2020
Year Built
6 years old
31
Floors
144
Residential Units
C1-9
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $21,511,497
Land Value: $2,718,002
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 5,604 SF
Building Area: 105,251 SF
Built FAR: 18.78
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $2,124 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $22,584, or roughly $1,882 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,341 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2022, making it approximately 4 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property: -,Building Pets Allowed Comments:-. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $2,371,000 for 1,341 sq ft, the asking price per square foot is approximately $1,768. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10931499
First Listed: 1/18/2022
On Market: 9/21/2021
Price Changed: 2/24/2026
Closed: 6/7/2023
Contract Date: 9/21/2021

Listing Courtesy of Corcoran Sunshine Marketing Group - Eastlight Sales Office

Listing Contact: (212) 634-6500

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/6/2026 at 1:42 AM UTC

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