Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $600,000

· Closed August 25, 2025

61 Lexington Avenue #5F
Closed For Sale Co-op

$600,000

61 Lexington Avenue #5F

Kips Bay, Manhattan

MLS® #RLS20020839

RLS at REBNY

Listing by Compass

1

Bedroom

1

Bath

N/A

Sq. Ft.

1930

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1930
Ownership Co-op
Maintenance $1,371/mo
Neighborhood Kips Bay
Floor 5 of 7

Property Highlights

  • Exposure: South facing
  • Climate Control: Wall Units
  • Character: Pre-war building (1930)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 5 of 7
Exposure South
Heating Wall Furnace
Cooling Wall Units
Pets Yes
Year Built 1930
Structure Type MixedUse
Flooring Hardwood
Furnished Unfurnished
Parcel # 0881-1016-00061-000-000005F
Block/Lot 00881/1016

Listing History

Event Date Price Change
Listed May 2, 2025 $599,000 -
Currently May 1, 2026 $600,000 +0.2%

Description

Welcome to 61 Lexington Avenue, a boutique condop nestled at the border of Gramercy and Kips Bay. This bright and airy one bedroom apartment is framed by oversized Southern facing windows that drench the home in all-day sunlight. The windowed kitchen features stainless steel appliances, sleek white tiling, and abundant storage. The queen-sized bedroom boasts three oversized floor to ceiling closets and the adjacent bathroom has been updated with white tile and a new vanity. Wide plank hardwood floors, an exposed brick wall, and through-the-wall air conditioning complete the picture. 61 Lexington Avenue is an elevator building with a live-in superintendent, common laundry room, and video intercom. The building allows for immediate and unlimited subletting, pied-à-terres, co-purchasing, and gifting.

Features & Amenities

Interior Features

Common On Floor Common Area Flooring: Hardwood

Building Amenities

Elevators

Appliances

Dishwasher

Building Information

Building Data View Compliance & Permits
Total Units 40
Stories 7
Structure MixedUse

Financial Details

Maintenance $1,371/mo
Original Price $599,000
Sale Price $600,000
Previous Price $599,000

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

6

Price Reduced

30%

Sold (30 Days)

18

Median Sale Price

$793K

Live data from RLS at REBNY • Updated 5/1/26, 9:11 AM EST

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Location

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61 Lexington Avenue #5F, Kips Bay, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
7
Floors
40
Residential Units
C6-2A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $5,230,350
Land Value: $884,248
Exemptions: $6,870

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

Lot Area: 4,723 SF
Building Area: 30,424 SF
Built FAR: 6.44
Allowed FAR: 6.02

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 $1,371 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1930, making it approximately 96 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: RLS20020839
First Listed: 5/2/2025
On Market: 5/2/2025
Price Changed: 9/3/2025
Closed: 8/25/2025
Contract Date: 4/14/2025

Listing Courtesy of Compass - Piers Portfolio

Listing Contact: (201) 739-6344

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 5/1/2026 at 1:11 PM UTC

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