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This block of 3rd Street— between 7th and 8th Avenues— is lovely and the houses are priced accordingly. Last summer, 527 3rd Street sold for $3,225,000 (less than its original list price of $3,400,000). Now the limestone at 524 3rd Street is on the market for $3,200,000. The interior is probably nicer than the drab photos reveal. There’s nice original detail and the kitchens and bathrooms appear to have been updated recently (as have mechanicals). The house has a total of about 3,700 square feet, but 1/4 of that is virtually subterranean so it’s hard to say whether overall it deserves to be priced at almost $900 a foot. Guess the market will provide the answer to that one.
524 3rd Street [Coldwell Banker] GMAP P*Shark


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  1. 20% for an industry that provides the majority of this city’s financial lifeblood, not to mention the psychological impact for those who haven’t (yet) been cut is nothing? whether or not the world ends depends on how you define the world. if you are a broker, the world is probably ending. if you are a buyer with a lot of cash or job security, things are looking pretty rosy.
    also, art firm guy. your stats are nice but irrelevant in this discussion. the arts are cool, but that person you hire ain’t buying $3mn houses or $1mn condos.

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