Demolition Prep Underway for 37-Story Skyscraper at 1491-1497 Third Avenue on Manhattan’s Upper East Side
1497 THIRD AVENUE, New York, NY, USA in Upper East Side, Manhattan is a property zoned C1-9. The building spans built in 1920, 9,767 gross square feet, 5 floors, 16 units. It last traded for $12.5M in January 2025, and is held by DBK 1497 THIRD LLC. Below, Crezly Research breaks down the building's ownership, debt profile, and recent nearby sales from New York City public records.
The building
| Address | 1497 THIRD AVENUE, New York, NY, USA |
| BBL (Borough-Block-Lot) | 1-1530-4 |
| Zoning district | C1-9 |
| Year built | 1920 |
| Gross floor area | 9,767 sq ft |
| Lot area | 2,542 sq ft |
| Total units | 16 |
| Floors | 5 |
| Built FAR | 3.84 |
| Assessed value (total) | $2.13M |
Who owns it
DBK 1497 THIRD LLC
Last recorded sale $12.5M (Jan 2025) · Estimated outstanding debt $8.13M
Owner contact & lender details
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Unlock owner contacts →Recent nearby sales
Recorded deeds on and around this block (ACRIS).
| Address | Recorded | Price |
|---|---|---|
| 205 EAST 85TH STREET | 2026-01-15 | $840,000 |
| 205 EAST 85TH STREET | 2025-12-26 | $2.4M |
| 205 EAST 85 STREET | 2025-12-16 | $2.32M |
| 205 EAST 85 STREET | 2025-12-02 | $865,000 |
| 205 EAST 85 STREET | 2025-09-09 | $2.99M |
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Compiled by Crezly Research from New York City public records (ACRIS, PLUTO, DOB/HPD).
Figures are estimates from public data and may not reflect the most recent transactions. Not legal, financial or investment advice.