Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $725,000

Listed at $750,000 · Sold 3.3% below asking · Closed November 1, 2019

7 LEXINGTON Avenue #7B
Closed For Sale Condop

$750,000

$1,364 per sq ft

7 LEXINGTON Avenue #7B

Gramercy Park, Manhattan

PARK GRAMERCY

MLS® #RLS10572950

RLS at REBNY

Listing by The Corcoran Group

Studio

1

Bath

550

Sq. Ft.

1951

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 550 sq ft
Year Built 1951
Ownership Condop
HOA/Common Charges $1,348.13/mo
Neighborhood Gramercy Park
Floor 7 of 12

Property Highlights

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

Property Details

Type Condop
Ownership Condop
Total Rooms 2
Baths 1 Full
Floor 7 of 12
Exposure South,West
Cooling Wall Units
Pets Yes
Cross Street Gramercy Park North & East 22nd Street
Year Built 1951
Living Area 550 sq ft
Parcel # 0877-0067-00007-000-000007B

Listing History

Event Date Price Change
Listed Jun 10, 2019 $795,000 -
Currently Jun 4, 2026 $750,000 -5.7%

Description

PARK GRAMERCY7 Lexington Avenue 7B is a chic, stylish studio in a full-service, doorman building on one of the most beautiful blocks in the city. Overlooking the Gramercy Park Hotel, with partial views of the Park, the apartment features handsome wood parquet flooring and classic beamed ceilings, all lit by an oversized four-part window. The dining/sleeping alcove is separated from the main space by a platform, giving the apartment comfortable delineation between rooms. The alcove also houses the radiators and in-wall air conditioning, all of which have been hidden by custom built-in cabinetry. A section of the below-window built-ins also doubles as storage space/a media center. The windowed kitchen, which was gut renovated, is outfitted with smart storage and high-end appliancesrather than having a refrigerator take up half the space, Sub-Zero refrigerator/freezer drawers and a Miele dishwasher free up the stainless-steel counters for the home cook. Open shelving makes airy use of one kitchen wall for both display and storage, while closed cabinetry is available on the other. The living area is framed by twin built-in floor-to-ceiling bookcases and a custom floating oak desk. The space is large enough to flex to multiple layouts; it comfortably fits both a bed and a couch if using the alcove as a dining area is the preferred setup. If storage space is a priority for you, 7B can deliver. Two large closets sit just off the foyer, and a third is tucked away in the hall between foyer and bathroom. The dressing area is equipped with artisan-crafted, custom oak shelving, drawers, and cabinets, which act as a floating armoire/dresser, making stylish use of the dressing room and freeing up space in the living area.Park Gramercy is a full-service Condop with an approval process like that of a condominium, waiver of the right of first refusal and there is no board interview. The Condop rules make it ideal for pied-a-terres, overseas buyers and investors as the building has no term limits on sublets. You can rent the apartment right after you close! Among its many perks, the Park Gramercy is pet-friendly and comes with a full-time doorman, a beautifully-planted roof deck, bicycle storage, central laundry in the basement and a newly renovated marble lobby.Conveniently located near Gramercy Park, Union Square Park, and Stuyvesant Park, and the Union Square Market, 7 Lexington Avenue is close to some of the best dining, parks, transit, and shopping in the city.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Building Roof Deck

Building Information

Financial Details

Common Charges $1,348.13/mo
Original Price $795,000
Sale Price $725,000

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

173

Median Asking Price

$1.40M

Median $/Sqft

$1,744

Avg Days on Market

N/A

New This Week

5

Price Reduced

29%

Sold (30 Days)

23

Median Sale Price

$1.20M

Live data from RLS at REBNY • Updated 6/4/26, 9:46 AM EST

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Location

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7 LEXINGTON Avenue #7B, Gramercy Park, New York County • Near Gramercy Park North & East 22nd Street

Floor Plans

Floor Plan 1

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 $1,348.13 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 550 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1951, making it approximately 75 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.

At the current list price of $750,000 for 550 sq ft, the asking price per square foot is approximately $1,364. 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) 416-7433
MLS® ID: RLS10572950
First Listed: 6/10/2019
Closed: 11/1/2019
Contract Date: 6/10/2019

Listing Courtesy of The Corcoran Group - Rajan Khanna

Listing Contact: (212) 317-3661

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 6/4/2026 at 1:46 PM UTC

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