SOLD FOR $580,000
· Closed December 2, 2024
61 Lexington Avenue #1A
MLS® #RLS11006150
Listing by Compass
Studio
1
Bath
425
Sq. Ft.
1930
Year Built
Quick Summary
Property Highlights
- Exposure: West facing
- Climate Control: Other
- Character: Pre-war building (1930)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Sep 3, 2024 | $599,000 | - |
| Currently | May 5, 2026 | $580,000 | -3.2% |
Description
Whether you're seeking a primary residence or a professional workspace, this investor-friendly commercial condominium offers exceptional flexibility to cater to investors, pied-a-terre seekers, business owners or someone looking for a primary residence in the heart of Gramercy. This apartment has just undergone a gut renovation and offers a dynamic floor plan with pocket doors to separate the two spaces framed by two oversized western-facing picture windows. Other features include custom kitchen cabinetry with ample storage, a gas range, built-in dishwasher, and built-in refrigerator all outfitted with custom paneling. The bathroom is outfitted with a modern glass stall shower and white subway tiling. Recessed lighting throughout and through-the-wall air conditioning complete the space. For those interested in commercial use, there is a second egress with a semi-private entrance from Lexington Avenue with the opportunity to install an awning with signage.This configuration ensures privacy and convenience for commercial use. 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-purchasers, and gifting.
Features & Amenities
Interior Features
Appliances
Building Information
Financial Details
About Kips Bay
View All Kips Bay ListingsKips 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 NeighborhoodActive Listings
132
Median Asking Price
$847K
Median $/Sqft
$1,471
Avg Days on Market
N/A
New This Week
8
Price Reduced
31%
Sold (30 Days)
21
Median Sale Price
$800K
Live data from RLS at REBNY • Updated 5/5/26, 12:59 PM EST
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Location
61 Lexington Avenue #1A, Kips Bay, New York County
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $415 per month. Confirm the exact amount with the listing broker before making an offer.
The current listed annual property tax is $13,320, or roughly $1,110 per month. Verify the current assessment with your attorney before closing.
This property has 0 bedrooms and 1 full bathroom.
The listed interior living area is 425 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1930, making it approximately 96 years old.
This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
At the current list price of $580,000 for 425 sq ft, the asking price per square foot is approximately $1,365. 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) 416-7433Listing 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 Data display by Keller Williams NYC. Data last updated on 5/5/2026 at 4:59 PM UTC