Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,325,000

· Closed June 30, 2023

50 Lexington Avenue #16-D
Closed For Sale Co-op

$1,325,000

50 Lexington Avenue #16-D

Kips Bay, Manhattan

MLS® #RLS10864292

RLS at REBNY

Listing by Elegran 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 $1,919/mo
Neighborhood Kips Bay
Floor 16 of 26

Property Highlights

  • Outdoor Space: Balcony
  • Climate Control: Wall Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 2 Full
Floor 16 of 26
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 Apr 10, 2023 $1,325,000 -
Price Reduced Jul 6, 2023 $1,295,000 -2.3%

Description

Stunningly renovated split 2 bedroom, 2 bathroom apartment with excellent natural light in a co-op building with condo-like bylaws - including unlimited subletting. The apartment comes with modern finishes, brand new 8-inch white oak flooring, and a private balcony with breathtaking views. Enter a chic open space bathed in natural light and showcasing striking NYC views through the oversized windows and private balcony. A full bathroom and walk-in coat closet (California Closets) greets you as you enter the generous living space. The kitchen includes a dishwasher and features stainless steel appliances (Blomberg fridge), dark granite countertops, and brand new (2023 renovated) white lacquer cabinets. The primary bedroom accommodates a king bedroom set and includes a walk-in closet (also California Closets), extra built-in storage throughout, and a full ensuite bathroom. The second bedroom functions perfectly as a guest bedroom, nursery (current use), or a home office, depending on your needs. 50 Lexington is pet friendly and includes a full-time doorman, furnished roof deck, laundry room, an indoor pool, sauna, and fitness center, in addition to being surrounded by fine dining, cafes, bars, and beautiful parks, including Madison Square Park and Gramercy Park. Neighborhood: Eleven Madison Park, Gramercy Tavern, Hillstone, Eataly, Gem Saloon, Bhatti, Upland, Whole Foods, Trader Joe's Transportation: Steps away from 4, 5, 6, N, Q, R trains.

Features & Amenities

Interior Features

Dining Area Common Area

Exterior Features

Balcony Building Roof Deck Balcony

Building Information

Financial Details

Maintenance $1,919/mo
Sale Price $1,325,000
Previous Price $1,295,000

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, 8:49 PM EST

Similar Listings in Kips Bay

View All

Location

Loading map...

50 Lexington Avenue #16-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 $1,919 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: RLS10864292
First Listed: 4/10/2023
Price Changed: 7/6/2023
Closed: 6/30/2023
Contract Date: 4/10/2023

Listing Courtesy of Elegran LLC - Michael DiStasio

Listing Contact: (207) 899-9195

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 12:49 AM UTC

Buying a Co-op? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

How to Ace Your Co-op Board Interview

What boards look for, common questions, and how to prepare.

Read article

HDFC Co-ops: Complete Guide

Income limits, resale caps, and how to qualify for affordable co-ops.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

Interested in this property?

Your info is secure and never shared.

View Active Listings Call Milton