Search
Residential Income Property with Wrap-Around Terrace
For Sale
$2,795,000

501 3RD Avenue PHC, New York City, NY 10016

Corner 2-bedroom home with a private wrap-around terrace and dramatic 14-foot ceilings.

Property Size1,118 SF
Price / SF$2,500
Days on Market100

Property Features for 501 3RD Avenue PHC

General Information

Standard status Active
Size 1,118 SF
Property subtype Apartment

Additional Details

Public Transit Yes
Multifamily Units 1

Amenities

rooftop terrace
fitness center
yoga room
resident's lounge
full-time doorman
onsite resident manager
bike room
laundry room

Building Details

Building Size 1,118 SF
Year Built 2021
Listing Agency: Douglas Elliman Real Estate
Listed By: McKenzie Ryan · License #10301223126
Source: Thethomas
Added: Apr 23 Changed: Jul 30 Last Checked: Jul 30 at 4:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

This corner 2-bedroom residence features dramatic 14-foot ceilings, an open, loft-like sense of volume, and abundant natural light. A private wrap-around terrace provides seamless indoor-outdoor living with generous space for dining, lounging, and entertaining, with city views from multiple angles. The home also includes an in-residence Bosch washer and dryer, 7-inch white oak plank flooring, deluxe white marble kitchen countertops, premium Miele kitchen appliances, custom white oak cabinetry, and under-cabinet lighting. Bathrooms feature Cinderella Grey marble floors and Dream White marble walls, plus a custom white oak vanity with brushed nickel pulls and accents, including a 60-inch Kohler soaking tub and a custom glass-enclosed stall shower.

Building amenities include a luxuriously landscaped rooftop terrace, a state-of-the-art fitness center with a yoga room on the 34th floor, and a top-floor resident’s lounge with a kitchen, billiards room, surround sound, TV area, WiFi, and multiple seating areas. Additional conveniences include a full-time doorman and onsite resident manager, along with a bike room and laundry room.

Built in 2021, the residence is located at 501 3rd Avenue PHC, near NYU Campus and shuttle service, with Trader Joe’s and the 6 train just a short distance away, plus easy access to airports.

Key Highlights

  • Corner 2‑bedroom with a private wrap‑around terrace and city views
  • Dramatic 14‑foot ceilings and abundant natural light
  • 1118 SF residence built in 2021

Property Analytics

Current Use

Eastlight Condominium Complex

Suggested Use

Top Pick Law Firm Accounting Firm Hair Salon Nursing Home Parking Lot & Garage Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

5,816
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value

Market

Properties on Market for Residential income properties in New York County

Jan
Feb
Mar
Apr
May
Jun
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential income property - Corner 2-bedroom home with a private wrap-around terrace and dramatic 14-foot ceilings.
Where is this residential income property located?
The property is located at 501 3RD Avenue PHC New York City, NY.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Corner 2‑bedroom with a private wrap‑around terrace and city views; Dramatic 14‑foot ceilings and abundant natural light; 1118 SF residence built in 2021
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message