Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,285,000

· Closed June 3, 2023

50 Lexington Avenue #23-D
Closed For Sale Co-op

$1,285,000

50 Lexington Avenue #23-D

Kips Bay, Manhattan

MLS® #RLS10852809

RLS at REBNY

Listing by Compass

1

Bedroom

2

Baths

N/A

Sq. Ft.

1988

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2
Year Built 1988
Ownership Co-op
Maintenance $2,640/mo
Neighborhood Kips Bay
Floor 23 of 26

Property Highlights

  • Exposure: East facing
  • Outdoor Space: Balcony
  • Climate Control: Wall Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 2 Full
Floor 23 of 26
Exposure East
Cooling Wall Units
Pets Yes
Cross Street East 24th Street/East 25th Street
Year Built 1988
Block/Lot 880/19

Listing History

Event Date Price Change
Listed Feb 7, 2023 $1,285,000 -
Price Reduced Jun 3, 2023 $1,325,000 +3.1%

Description

ORIGINALLY A 2 BR, NOW AN XL 1 BR IN CONDO-LIKE BUILDING Looking for a massive one bedroom with an open layout, great light and superb views from wraparound windows including the Chrysler building? And you want it in a flexible building? You've got it! This one bedroom home was converted from a 2 bedroom so offers a lot of room to move. It's got 2 full baths; one is an en-suite spa like bath with a double vanity and a stand-up shower and the other with a soaking tub for you or your guests. Your bedroom fits a king size bed and even today's essentials like a Peloton or a desk! The kitchen with great appliances, generous counters and cabinets will please any aspiring chef. You have a separate dining area right off the kitchen so you're never alone while your guests are enjoying your delicious creations. The East facing balcony is great for that morning coffee or evening cocktail as you enjoy the twinkling lights. If all that's not enough, you'll be pleased to know your new home offers abundant closet space. What's more? If you decide, you can you turn it back to a 2 bedroom or even a 3 bedroom apt. Be sure to check out the original floor plan. This beauty is located at 50 Lexington Ave, a flexible building that operates like a condo. It features full-time doormen, live-in super, indoor pool, gym, sauna, a large laundry room and an amazing roof top with jaw dropping views. 50 Lex allows pets, pied-a-terres, gifting, parents buying with or for children and has a flexible sublet policy. In-unit washer-dryers are allowed under certain conditions. At the crossroads of Gramercy and Flatiron, the location is superb. You're right near the 6 and R/W trains, M23 crosstown bus, Madison Sq Park, Gramercy Park as well as Union Sq Park with its popular farmer's market. Restaurants and shopping in this area are hard to beat, too. Capital contribution fee of 3 months maintenance payable at closing. What are you waiting for? Your showing is just a phone call away!

Features & Amenities

Interior Features

Dining Area Entrance Foyer Common Area

Exterior Features

Balcony Building Roof Deck Balcony

Appliances

Dryer Washer

Building Information

Financial Details

Maintenance $2,640/mo
Sale Price $1,285,000
Previous Price $1,325,000

Kips Bay is a relaxed and highly convenient residential neighborhood located on the East Side of Manhattan. Known for its mix of mid-century high-rises and historic brick townhouses, it offers a more approachable price point than its neighbors to the north and south. Residents enjoy proximity to the East River Esplanade, a variety of local dining options, and easy access to the city's major medical centers and Midtown business hubs.

Kips Bay Live Market Data

View Neighborhood

Active Listings

131

Median Asking Price

$850K

Median $/Sqft

$1,471

Avg Days on Market

N/A

New This Week

10

Price Reduced

30%

Sold (30 Days)

21

Median Sale Price

$800K

Live data from RLS at REBNY • Updated 5/5/26, 9:43 PM EST

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Location

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50 Lexington Avenue #23-D, Kips Bay, New York County • Near East 24th Street/East 25th Street

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1987
Year Built
39 years old
26
Floors
185
Residential Units
C5-2
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $23,962,500
Land Value: $3,735,000
Exemptions: $22,900

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 12,837 SF
Building Area: 150,340 SF
Built FAR: 11.71
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $2,640 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 2 full bathrooms.

According to MLS records, the building was constructed in 1988, making it approximately 38 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10852809
First Listed: 2/7/2023
Price Changed: 6/3/2023
Closed: 6/3/2023
Contract Date: 2/7/2023

Listing Courtesy of Compass - Ceylan Brigham

Listing Contact: (617) 653-3073

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/6/2026 at 1:43 AM UTC

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