Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $975,000

· Closed March 28, 2014

50 LEXINGTON Avenue #5E
Closed For Sale Co-op

$975,000

50 LEXINGTON Avenue #5E

Gramercy Park, Manhattan

GRAMERCY NORTH

MLS® #RLS10095620

RLS at REBNY

Listing by CORE Group Marketing LLC

2

Bedrooms

2

Baths

N/A

Sq. Ft.

1988

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Year Built 1988
Ownership Co-op
Maintenance $1,665/mo
Neighborhood Gramercy Park

Property Highlights

  • Exposure: East,South facing
  • New Construction: Brand new building

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths null Full
Exposure East,South
Pets Yes
Year Built 1988 (New)
Parcel # 0880-0019-00050-000-000005E

Listing History

Event Date Price Change
Listed Oct 29, 2013 $930,000 -
Currently Apr 28, 2026 $975,000 +4.8%

Description

Located in Gramercy, this two bedroom, two bathroom coop offers both eastern and southern exposures warming the apartment with natural sunlight. This home features a windowed kitchen, two renovated bathrooms, plenty of closet space and a balcony with tree top views. The unit's flexible layout creates the option for an oversized one bedroom with a dramatic living room featuring southeastern exposure.50 Lexington features several convenient building amenities, including an exercise facility, 24 hour doorman, a pool and a roof top terrace with spectacular 360 degree views of Manhattan. The building is currently undergoing renovation to recreate the entry plaza, installing a graciously landscaped entryway that will be completed in March 2014. Please note: an assessment of $689.50 per month is in place until July 2014.

Building Information

Financial Details

Maintenance $1,665/mo
Original Price $930,000
Previous Price $930,000

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

$1.45M

Median $/Sqft

$1,769

Avg Days on Market

N/A

New This Week

13

Price Reduced

26%

Sold (30 Days)

14

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/27/26, 10:52 PM EST

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Location

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50 LEXINGTON Avenue #5E, Gramercy Park, New York County

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 $1,665 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms 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: RLS10095620
First Listed: 10/29/2013
Price Changed: 3/28/2014
Closed: 3/28/2014
Contract Date: 10/29/2013

Listing Courtesy of CORE Group Marketing LLC - Paul Johansen

Listing Contact: (917) 612-1912

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 4/28/2026 at 2:52 AM UTC

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