Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $928,000

· Closed October 7, 2021

7 Lexington Avenue #7-C
Closed For Sale Condop

$928,000

7 Lexington Avenue #7-C

Gramercy Park, Manhattan

MLS® #RLS10652084

RLS at REBNY

Listing by Compass

Studio

1

Bath

N/A

Sq. Ft.

1948

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1948
Ownership Condop
HOA/Common Charges $1,363/mo
Neighborhood Gramercy Park
Floor 7 of 12

Property Highlights

  • Exposure: South,West facing

Property Details

Type Condop
Ownership Condop
Total Rooms 3
Baths 1 Full
Floor 7 of 12
Exposure South,West
Pets Yes
Cross Street Gramercy Park North/East 22nd Street
Year Built 1948
Block/Lot 877/67

Listing History

Event Date Price Change
Listed Jun 1, 1999 $928,000 -
Currently Apr 25, 2026 $928,000 -

Description

This marvelous studio apartment was transformed by the architect/owner and has a unique floor plan for the building. It was widely published and won a design award for the space saving, flexible features that make it feel like an open loft of a much larger scale. The sliding panels that create the bedroom are translucent on one side and opaque on the other, allowing for options in how you define and use the space. The home includes a library, home office, walk-in closet and numerous built-in cabinets, maximizing the potential of every inch of space as one would on a boat. Every detail has been carefully considered. Under counter Sub-Zero fridge and freezer units in the kitchen allow for great counter space and custom stainless steel counters with an integral double sink make the kitchen suitable for a chef. Gramercy Park is just a few steps away, visible though a corner window and reflected in a large mirror that brings additional natural light into the space. The layout and clean bright palette of materials are a modernist's dream. The Park Gramercy is a full service, Doorman|Conceirge Cond-op in an enclave of Gramercy across from the Gramercy Park Hotel. The approval process is like a condominium with no board interview. This is an investor friendly building with no set limits on sublets. The building welcomes foreign buyers purchasing homes as pied-a-terre's or as an investment. The building has a beautiful planted roof deck, bicycle storage, a new central laundry and is pet friendly. Convenient to all transportation, shopping and fabulous destination restaurants. Seeing is believing!!!

Features & Amenities

Interior Features

Entrance Foyer Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Roof Deck

Building Information

Financial Details

Common Charges $1,363/mo
Sale Price $928,000

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

176

Median Asking Price

$1.45M

Median $/Sqft

$1,767

Avg Days on Market

N/A

New This Week

10

Price Reduced

26%

Sold (30 Days)

16

Median Sale Price

$1.26M

Live data from RLS at REBNY • Updated 4/25/26, 12:11 AM EST

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Location

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7 Lexington Avenue #7-C, Gramercy Park, New York County • Near Gramercy Park North/East 22nd Street

Building Information

Official NYC property records for this building

1951
Year Built
75 years old
12
Floors
93
Residential Units
R9A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $10,057,500
Land Value: $999,000
Exemptions: $6,870

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 8,889 SF
Building Area: 84,851 SF
Built FAR: 9.55
Allowed FAR: 7.52

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 common charges are $1,363 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1948, making it approximately 78 years old.

This listing is a condop, a hybrid structure where the building is legally a co-op but individual units are sold with greater flexibility, often including subletting rights similar to condos.

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: RLS10652084
First Listed: 6/1/1999
Price Changed: 4/21/2021
Closed: 10/7/2021
Contract Date: 7/27/2020

Listing Courtesy of Compass - Vicki Musso

Listing Contact: (917) 885-6988

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 4/25/2026 at 4:11 AM UTC

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