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501 3rd Ave #7C, New York, NY, 10016

0beds
1baths
462sqft
$860,000
$1,861price/sqft
$6,111/moest. monthly cost
$244,440/yrincome needed

About This Home

Experience the beautiful artist's light through floor-to-ceiling, sound-attenuated windows in this elegant North-facing 462-square-foot studio residence. As you enter the foyer, you'll find a convenient guest closet. Follow the natural light past the stylish kitchen and into the main living/dining/sleeping area, which features a rectangular shape perfect for showcasing your favorite artwork. Unwind in the luxurious 60-inch Kohler soaking tub. A discreetly tucked-away Bosch stackable washer/dryer and a spacious closet maintain the residence's clean, sophisticated lines. The residence boasts 7” wide white oak plank flooring with a matte finish, satin nickel door hardware, 9’ ceilings, and pre-wired windows for electronic shades. The kitchen features custom-designed oak cabinetry, white marble countertops and backsplash with grey veining, and integrated Miele appliances (gas stove). Enjoy the convenience of a stainless-steel kitchen sink with Kohler fixtures in a titanium finish and an in-sink garbage disposal. The primary bathroom is adorned with custom, honed Dream White marble tiles

Getting Around

100
WalkingWalker's Paradise
100
TransitRider's Paradise
81
BikeVery Bikeable

Schools

5/10
8/10
Jhs 104 Simon BaruchGrades 6-80.7 mi

Construction

Condition

  • Year built: 2021

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Washer/Dryer
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bathrooms: 1
  • Full bathrooms: 1

Cooling

  • Cooling features: Central Air

Features

  • Flooring: Hardwood

Interior Area

  • Total structure area: 462
  • Total interior livable area: 462 sqft

Property

Details

  • Parcel number: 009141025
  • Special condition: Resale

Features

  • Has view: Yes
  • View description: City

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Hurricane
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in New York County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,348$52,176
Home Insurance *$1,009$12,108
Property Taxes $508$6,096
Electricity $246$2,954
Total$6,111$73,332
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$209,520/yr
40% on housing$183,330/yr
45% on housing$162,960/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 2.0%
2.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,861This listing

vs Other Active Listings

Avg $/sqft

ZIP 10016$1,005
New York County$1,489

vs Homes Sold Last Month

Median $/sqft

ZIP 10016$1,230
New York County$1,203

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-24Price change$860,000
2024-08-02Listed for sale$845,000
2023-02-22Listing removed--
2023-02-17Listed for rent$3,750
2023-02-16Listing removed--
2023-02-15Sold$783,034
2022-06-22Pending sale$790,000

For Sale by Agent

AgentPatsy Tiu
BrokerageINTEGRITY CORE REALTY

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