Manhattan  »  10016  »  3rd Ave  »  497 3rd Ave

497 3rd Avenue, New York, NY 10016 - Property report

Also known as: 497 3rd Ave

Property image for 497 3rd Avenue, New York, NY 10016
static Mapbox map

Property type

Walk-up Apartment - Over Six Families with Stores (C7)

Year built

1930

Lot sq. ft.

2,027

Sale price

$7,200,000

General information

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Address
Primary address
497 3rd Avenue
ZIP code
10016
Neighborhood
Kips Bay
Borough
Manhattan
Block & lot
00914-0061

Owner

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Building
Property type
Walk-up Apartment - Over Six Families with Stores (C7)
Building sq. ft.
8,510
Building dimensions
25 ft x 66 ft
Buildings on lot
1
Stories
5
Year built
1930
Last altered
1963
Building material
Sales
Sale date
11/02/2016
Sale price
$7,200,000
Tax
Tax year
2026-2027
Property tax
$146,319
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
12
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
25 ft x 81.08 ft
Lot sq. ft.
2,027

Area overview

Walk score
100 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
81 /100.  Very Bikeable
School district
2
Community district
6
Closest police station
0.87 Miles
Closest fire station
0.24 Miles

View more such as transportation, nearby schools and risk designations.

Ownership information for 497 3rd Avenue, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for 497 3rd Avenue, New York, NY 10016

Sale date Sale price Buyer name Seller name
11/02/2016 $7,200,000 XXX XXXXX XXXXXX XXX XXX XX XXXXXXXXXX XXX
03/15/2016 $11,250,000 XXX XX XXXXXXXXXX XXX XXX XXXXXX XXXX.

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
11/07/2024 - R UCC3 Assignment
(2024091700110006)
XXX XXXXX XXXXXX XXX XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX
11/07/2024 - R
12/20/2023 - D
Asgn of Asgn of L&R
(2024091700074026)
XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX XXX XXXX XX XX XXXX XXXXXXX XXX
11/07/2024 - R
12/20/2023 - D
Assignment, Mortgage
(2024091700074025)
XXXXXXX XXXXXXX XXXXXXXXX XXXXXXXXXXX XXX XXXX XX XX XXXX XXXXXXX XXX
09/15/2021 - R UCC3 Continuation
(2021091500067001)
XXX XXXXX XXXXXX XXX XXXXXXXXX XXXX
12/14/2022 - R
10/27/2017 - D
Termination of Assign of L&R
(2022121300698004)
XXXXXXXXX XXXX XXX XX XXXXXXXXXX XXX
12/14/2022 - R
10/27/2017 - D
Satisfaction of Mortgage
(2022121300698003)
XXX XX XXXXXXXXXX XXX XXXXXXXXX XXXX
11/08/2017 - R
10/27/2017 - D
Zoning Lot Description
(2017110200768008)
XXX XXX X XXXX XXX
11/08/2017 - R
10/27/2017 - D
Sundry Agreement
(2017110200768006)
XXXX XXXXXX XXXXXXXXX XX XXX XXX XXX X XXXX XXX
11/08/2017 - R
10/27/2017 - D
Certificate
(2017110200768004)
XXXXX XXXXXXXX XX XXX XXXX XXX
11/08/2017 - R
08/04/2017 - D
Sundry Miscellaneous
(2017110200768005)
XXXXXXXXX XXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 497 3rd Avenue, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$146,319
Municipal exemptions
Recent tax assessments
Market value
$2,641,000
Assessed value
$1,188,450

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $2,740,000 $1,233,000 $1,172,060 12.439% $145,793 $145,793 +0.69%
2024/25 $2,714,000 $1,221,300 $1,197,550 12.5% $149,694 $144,788 -7.28%
2023/24 $2,779,000 $1,250,550 $1,249,110 12.502% $156,164 $156,164 +2.86%
2022/23 $2,841,000 $1,278,450 $1,237,680 12.267% $151,826 $151,826 +6.31%
2021/22 $2,594,000 $1,167,300 $1,167,300 12.235% $142,819 $142,819 -2.11%
2020/21 $2,887,000 $1,299,150 $1,189,350 12.267% $145,898 $145,898 +6.47%
2019/20 $2,778,000 $1,250,100 $1,098,630 12.473% $137,032 $137,032 +7.80%
2018/19 $2,652,000 $1,193,400 $1,007,910 12.612% $127,118 $127,118 +9.74%
2017/18 $2,569,000 $1,156,050 $910,710 12.719% $115,833 $115,833 +9.96%
2016/17 $2,329,000 $1,048,050 $817,110 12.892% $105,342 $105,342 +12.40%

Permit information for 497 3rd Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
05/08/2024 Alteration
09/21/2023 Alteration
09/15/2023 Alteration
06/19/2023 Alteration
03/22/2023 Alteration

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
11/22/2021 C-construction other optional
06/23/2021 C-construction other optional
01/06/2006 Ll6291-local law 62/91 - boilers

*Most recent DOB violations on record for this property.

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
4

Subway & traffic

Closest station
Park Ave & 33rd St at SE Corner
Station lines
6
Distance (miles)
0.196

Access the detailed traffic volume map for 497 3rd Avenue, New York, NY 10016 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Frequently asked questions

What is the year built for 497 3rd Avenue, New York, NY 10016?

The development at 497 3rd Avenue, New York, NY 10016 was built in 1930.

What is the market value of 497 3rd Avenue, New York, NY 10016?

The current market value of 497 3rd Avenue, New York, NY 10016 is $2,641,000.

What is the total square footage of 497 3rd Avenue, New York, NY 10016?

497 3rd Avenue, New York, NY 10016 has a total of 8,510 square feet.

What is the price per square foot for this property?

$846 per square foot is the price for 497 3rd Avenue, New York, NY 10016.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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