Manhattan  »  10003  »  3rd Ave  »  54-56 3rd Ave

54-56 3rd Avenue, New York, NY 10003 - Property report

Also known as: 54-56 3rd Ave

Property image for 54-56 3rd Avenue, New York, NY 10003
static Mapbox map

Property type

Zoned Commercial or Manhattan Residential (V1)

Lot sq. ft.

3,150

Sale price

$12,000,000

General information

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Address
Primary address
54-56 3rd Avenue
ZIP code
10003
Neighborhood
East Village
Borough
Manhattan
Block & lot
00556-0024

Owner

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Building
Property type
Zoned Commercial or Manhattan Residential (V1)
Sales
Sale date
10/28/2021
Sale price
$12,000,000
Tax
Tax year
2026-2027
Property tax
$22,202
Tax class
Zoning & Use
Zoning
Lot
Frontage(s)
3 Avenue (wide)
Lot dimensions
31.5 ft x 100 ft
Lot sq. ft.
3,150
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area

Area overview

Walk score
100 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
97 /100.  Biker's Paradise
School district
1
Community district
3
Closest police station
0.31 Miles
Closest fire station
0.12 Miles

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

Ownership information for 54-56 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 54-56 3rd Avenue, New York, NY 10003

Sale date Sale price Buyer name Seller name
10/28/2021 $12,000,000 XX-XX XXXXX XXX X X. XXXX, XXXXXXX XXX XXXX, XXXXXXXX

*Most recent sale on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
07/06/2026 - R
06/29/2026 - D
Easement
(2026063000247006)
XXXXXXXX XXXXXX XXXX XXXX XXXXX XXX X X
07/06/2026 - R
06/29/2026 - D
Easement
(2026063000247005)
XXXXXXXX XXXXXX XXXX XXXX XXXXX XXX X X
07/06/2026 - R
06/29/2026 - D
Declaration
(2026063000247004)
XXXXXXXX XXXXXX XXXX XXXX XXXXX XXX X X
07/06/2026 - R
06/29/2026 - D
Sundry Miscellaneous
(2026063000247003)
XX XXXX X X
07/06/2026 - R
06/29/2026 - D
Sundry Miscellaneous
(2026063000247002)
XXXXXXX XXXX XXXXXXXX XXXXXXXXXXX
07/06/2026 - R
05/26/2026 - D
Zoning Lot Description
(2026063000247007)
XXXX XXXXX XXX X X
07/06/2026 - R
05/04/2026 - D
Certificate
(2026063000247001)
XXXXXXXX XXXXXXXX XXXXX XXXXXXXXX XXXXXXX
02/27/2026 - R UCC3 Amendment
(2026022700371004)
XXXX XXXXX XXX X X XX XXXX X X
02/27/2026 - R
02/26/2026 - D
Assignment of Leases and Rents
(2026022700371003)
XXXX XXXXX XXX X X XX XXXX X X
02/27/2026 - R
02/26/2026 - D
Agreement
(2026022700371002)
XXXX XXXXX XXX X X XX XXXX X X

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for 54-56 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
$22,202
Municipal exemptions
Recent tax assessments
Market value
$558,000
Assessed value
$251,100

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 $429,000 $193,050 $193,050 10.848% $20,942 $20,942 -75.37%
2024/25 $1,935,000 $870,750 $790,020 10.762% $85,022 $85,022 +4.80%
2023/24 $1,806,000 $812,700 $765,900 10.592% $81,124 $81,124 +1.55%
2022/23 $1,722,000 $774,900 $750,420 10.646% $79,890 $79,890 +1.08%
2021/22 $1,633,000 $734,850 $734,850 10.755% $79,033 $79,033 -2.36%
2020/21 $1,682,000 $756,900 $756,900 10.694% $80,943 $80,943 +4.54%
2019/20 $1,667,000 $750,150 $734,850 10.537% $77,431 $77,431 +9.24%
2018/19 $1,634,000 $735,300 $674,190 10.514% $70,884 $70,884 +8.96%
2017/18 $1,808,000 $813,600 $618,750 10.514% $65,055 $65,055 +17.58%
2016/17 $1,731,000 $778,950 $523,230 10.574% $55,326 $55,326 +17.86%

Permit information for 54-56 3rd Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
10/16/2024 Full demolition
08/19/2024 Full demolition
12/15/2023 Alteration
11/10/2023 Full demolition
10/16/2023 Alteration

*Most recent permits on record for this property.

More about New York City property records

HPD Violations

Violation ID Inspection date Class NOV issue date Status
11/24/2025 I
12/03/2024 I
11/27/2023 I

*Most recent HPD violations on record for this property.

East Village residential market stats

Access a detailed real estate market overview of East Village so you can assess current trends, home values, types of properties sold and transaction volume. View the median home sale price in East Village and compare it to other neighborhoods in Manhattan.

Median sale price

$1,150,000

Median price/sq. ft.

$1,457

-1.6% Y-o-Y

Manhattan median sale price

$1,250,000

4.2% Y-o-Y

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

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
4th Ave & East 8th St at NE Corner
Station lines
6
Distance (miles)
0.113

Access the detailed traffic volume map for 54-56 3rd Avenue, New York, NY 10003 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

Schools

Nearest elementary schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Grace Church School NR No Private PK-12 780 0.09
Grace Church School NR No Private PK-12 780 0.09
Third Street Preschool NR No Private PK, K-4 0 0.13
Third Street Preschool NR No Private PK, K-4 0 0.13
St George Elementary School NR No Private PK, K-8 47 0.20
P.S. 19 Asher Levy NR No Public PK, K-5 176 0.27
P.S. 19 Asher Levy NR No Public PK, K-5 176 0.27
The East Village Community School 8 No Public PK, K-5 471 0.27
The East Village Community School 8 No Public PK, K-5 471 0.27
Success Academy Union Square 9 No Charter K-8 993 0.30
Nearest middle schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Grace Church School NR No Private PK-12 780 0.09
St George Elementary School NR No Private PK, K-8 47 0.20
Friends Seminary NR No Private K-12 779 0.28
Success Academy Union Square 9 No Charter K-8 993 0.30
The Quad Preparatory School NR No Private PK, K-12 0 0.31
Immaculate Conception School NR No Private PK-8 215 0.36
P.S. 226 NR No Public PK, K-12 280 0.36
Institute For Collaborative Education 8 No Public 6-12 476 0.36
East Side Community School 6 No Public 6-12 700 0.38
Manhattan School For Career Development NR No Public 6-12 213 0.38
Nearest high schools

Name Rating Att. zoned Type Grade range No of students Distance (miles)
Grace Church School NR No Private PK-12 780 0.09
Harvey Milk High School NR No Public 9-12 94 0.20
La Salle Academy NR No Private 9-12 302 0.21
St George Academy NR No Private 9-12 82 0.21
Manhattan Comprehensive Night And Day High School 2 No Public 10-12 506 0.27
Friends Seminary NR No Private K-12 779 0.28
International High School at Union Square 2 No Public 9-12 322 0.30
Academy for Software Engineering 5 No Public 9-12 412 0.30
Union Square Academy For Health Sciences 5 No Public 9-12 468 0.30
Gramercy Arts High School 7 No Public 9-12 516 0.30

Data provided by GreatSchools.org © 2026. All rights reserved.

Frequently asked questions

What is the market value of 54-56 3rd Avenue, New York, NY 10003?

The current market value of 54-56 3rd Avenue, New York, NY 10003 is $558,000.

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