Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,295,000

· Closed July 1, 2021

50 Lexington Avenue #12-C
Closed For Sale Co-op

$1,295,000

50 Lexington Avenue #12-C

Kips Bay, Manhattan

MLS® #RLS10700114

RLS at REBNY

Listing by Compass

2

Bedrooms

2

Baths

N/A

Sq. Ft.

1988

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Year Built 1988
Ownership Co-op
Neighborhood Kips Bay
Floor 12 of 26

Property Highlights

  • Exposure: East,West facing
  • Climate Control: Wall Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 2 Full
Floor 12 of 26
Exposure East,West
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 Aug 26, 2009 $1,295,000 -
Currently May 6, 2026 $1,295,000 -

Description

Newly Available! Light-filled open concept apartment right next to Madison square park with designer finishes and a light-filled living space. This convertible two-bedroom, two bathroom residence is a rare find in a full-service Flatiron condop. This condop offers a modern open kitchen with custom cabinets and top of the line appliances, flooded with Eastern light coming through large windows and a private balcony. Owner has spared no expense installing custom cabinetry, lounge area, bar, and lighting throughout the apartment. The 2nd bedroom makes for a perfect guest room, office or a nursery/kid's room. The oversized master bedroom, with plenty of space for a king bed, features designer custom closets and an en-suite bath. 50 Lex is a flexible condop operating similar to a condo and offers 24 hr DM, live-in super, indoor swimming pool, gym, sauna, laundry room and a roof deck with stunning views of many NYC landmark buildings!

Features & Amenities

Interior Features

Entrance Foyer Common Area

Exterior Features

Building Roof Deck

Building Information

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 5/6/26, 4:44 AM EST

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Location

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50 Lexington Avenue #12-C, 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 $0 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: RLS10700114
First Listed: 8/26/2009
Price Changed: 2/18/2021
Closed: 7/1/2021
Contract Date: 2/18/2021

Listing Courtesy of Compass - Jeremy Shevett

Listing Contact: (212) 913-9058

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 8:44 AM UTC

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