Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,275,000

· Closed September 10, 2018

50 Lexington Avenue #11E
Closed For Sale Co-op

$1,275,000

$1,308 per sq ft

50 Lexington Avenue #11E

Gramercy Park, Manhattan

MLS® #RLS10031049

RLS at REBNY

Listing by The Corcoran Group

2

Bedrooms

2

Baths

975

Sq. Ft.

1988

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 975 sq ft
Year Built 1988
Ownership Co-op
Maintenance $1,993/mo
Neighborhood Gramercy Park
Floor 11 of 26

Property Highlights

  • Views: City
  • Exposure: East,South facing
  • Outdoor Space: Balcony

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 2 Full
Floor 11 of 26
View City
Exposure East,South
Cooling Other
Pets Yes
Cross Street PARK AVENUE SOUTH and LEXINGTON AVENUE
Year Built 1988
Living Area 975 sq ft
Parcel # 0880-0019-00050-000-000011E

Listing History

Event Date Price Change
Listed May 17, 2018 $1,275,000 -
Currently Jun 5, 2026 $1,275,000 -

Description

50 Lexington Avenue #11E is a heavenly, and affordable, fully renovated two bedroom, two bath, high-floor apartment with glorious sunlight and skyline views from floor-to-ceiling windows. The super-sized balcony is just the cherry on top!

Investor friendly after one year and with no flip tax, this cooperative is run like a condo. In fact, its the only property like it in Gramercy/Flatiron priced under $1.3 million.

This spacious and civilized home has a full bath and large closet off the entry foyer. The king-sized master bedroom with en suite bath has two large closets as well as custom built-ins and cabinetry. The modern kitchen with granite counters, stainless appliances and a pass-through is bathed in sunlight from an over-sized window overlooking the balcony.

The ample living room with yet another closet and room for dining also benefits from the all-day light streaming in. The second, winged bedroom, with opaque glass French doors, in the southeast corner of the home has two full glass walls with views to the Met Life Building and beyond. The home also has maple hardwood floors, custom dimmable lighting and is pre-wired for cable in every room.

50 Lexington Avenue #11E is in an amenity-rich building with a full-time doorman, porters, a live-in super, a lap pool with a lifeguard, a health club and sauna, and a fabulous roof deck with 360 degree views all included in the maintenance. The central location is top-notch for both primary residents and investors, and the neighborhood is going through continued growth, with new luxury condominiums, hotels, an Equinox health club on the block, Madison Square Park and Eataly down the street, and some of the citys best restaurants and shopping. 50 Lexington Avenue #11E is a very flexible cooperative that allows purchasing for or with family members, guarantorsand pets. All showings require at least 24 hours notice.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Balcony Balcony

Building Information

Financial Details

Maintenance $1,993/mo
Sale Price $1,275,000

Gramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.

Gramercy Park Live Market Data

View Neighborhood

Active Listings

175

Median Asking Price

$1.40M

Median $/Sqft

$1,730

Avg Days on Market

N/A

New This Week

5

Price Reduced

30%

Sold (30 Days)

25

Median Sale Price

$1.34M

Live data from RLS at REBNY • Updated 6/4/26, 11:12 PM EST

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Location

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50 Lexington Avenue #11E, Gramercy Park, New York County • Near PARK AVENUE SOUTH and LEXINGTON AVENUE

Floor Plans

Floor Plan 1
Floor Plan 2

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 $1,993 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 975 square feet. Verify dimensions independently during due diligence.

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.

At the current list price of $1,275,000 for 975 sq ft, the asking price per square foot is approximately $1,308. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10031049
First Listed: 5/17/2018
Closed: 9/10/2018
Contract Date: 5/17/2018

Listing Courtesy of The Corcoran Group - Pamela Wolfe

Listing Contact: (917) 596-9466

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 6/5/2026 at 3:12 AM UTC

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