Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $750,000

· Closed February 23, 2022

7 LEXINGTON Avenue #8E
Closed For Sale Condop

$750,000

7 LEXINGTON Avenue #8E

Gramercy Park, Manhattan

null

MLS® #RLS10757477

RLS at REBNY

Listing by Douglas Elliman Real Estate

Studio

1

Bath

N/A

Sq. Ft.

1951

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1951
Ownership Condop
HOA/Common Charges $1,441/mo
Neighborhood Gramercy Park
Floor 12 of 12

Property Highlights

  • Location: Gramercy Park, Manhattan
  • Property Type: Condop
  • Built: 1951

Property Details

Type Condop
Ownership Condop
Total Rooms 1
Baths 1 Full
Floor 12 of 12
Pets Yes
Year Built 1951
Parcel # 0877-0067-00007-000-000008E

Listing History

Event Date Price Change
Listed Oct 15, 2021 $799,000 -
Currently Apr 24, 2026 $750,000 -6.1%

Description

This charming, sophisticated, and light-filled studio is perfectly perched at the convergence of Gramercy Park, Union Square, and Chelsea. Its extra-large layout lends itself to an enormous amount of creativity that can readily be converted to a Junior 1 Bedroom or, as was done by the current owners, showcase an extensive art collection. With oak parquet floors throughout, this gem of an apartment is optimized for maximum storage and living space, including large walk-in closets and a custom-designed dressing area that can be used as a vanity or workspace. The spacious kitchen has an abundance of cabinet space.?The raised separate dining area can either seat six or be adapted as a sleeping alcove to accommodate a queen size bed.The Park Gramercy is a full-service Condop in an unbeatable centralized location. The building has 24-hour full-time doormen, an on-premise resident super, a central laundry room, a bicycle storage room, a beautifully planted and furnished roof deck and is pet friendly. The lobby is newly renovated and well-maintained.?This investor-friendly building permits subletting, foreign buyers, pied-a-terre occupancy, and parents purchasing as guarantors for their children.?LOCATION: Situated across from the ultra-chic Gramercy Park Hotel and Danny Meyer's famed Maialino restaurant, The Park Gramercy is less than one block from historic Gramercy Park and a five-minute walk to both the Union Square Farmers Market and Eataly of Madison Square Park. A wealth of restaurants, bars, groceries, pharmacies, and dry cleaners are all within easy walking distance. Centrally located to the neighborhoods of Chelsea, Union Square, West Village, NoHo, Flatiron, East Village, and Murray Hill, The Park Gramercy is readily accessible by subway and bus.

Building Information

Financial Details

Common Charges $1,441/mo
Original Price $799,000
Sale Price $750,000
Previous Price $799,000

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

179

Median Asking Price

$1.45M

Median $/Sqft

$1,775

Avg Days on Market

N/A

New This Week

9

Price Reduced

26%

Sold (30 Days)

17

Median Sale Price

$1.26M

Live data from RLS at REBNY • Updated 4/24/26, 5:47 PM EST

Similar Listings in Gramercy Park

View All

Location

Loading map...

7 LEXINGTON Avenue #8E, Gramercy Park, New York County

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 $1,441 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 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.

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: RLS10757477
First Listed: 10/15/2021
Price Changed: 2/24/2022
Closed: 2/23/2022
Contract Date: 9/21/2021

Listing Courtesy of Douglas Elliman Real Estate - Deepti Mittal

Listing Contact: (917) 991-9528

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 4/24/2026 at 9:47 PM UTC

Buying in NYC? Start Here

Condop Explained: The NYC Hybrid

Condo tax benefits with co-op governance. Is it right for you?

Read article

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

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

Read article

Condo Due Diligence Checklist

What to review before signing: financials, reserve fund, offering plan.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton