Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $417,500

· Closed August 1, 2024

Closed For Sale Co-op

$417,500

4 Lexington Avenue #1R

Gramercy Park, Manhattan

MLS® #RLS10962516

RLS at REBNY

Listing by Compass

Studio

1

Bath

N/A

Sq. Ft.

1912

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1912
Ownership Co-op
Maintenance $1,070/mo
Neighborhood Gramercy Park
Floor 1 of 15

Property Highlights

  • Exposure: North facing
  • Climate Control: Wall Units
  • Character: Pre-war building (1912)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 1 of 15
Exposure North
Cooling Wall Units
Pets Yes, CatsOk, DogsOk
Year Built 1912
Structure Type HighRise
Flooring Hardwood
Furnished Unfurnished
Parcel # 0877-0074-00004-000-000001R
Block/Lot 00877/0074

Listing History

Event Date Price Change
Listed Nov 4, 2023 $495,000 -
Price Reduced Aug 5, 2024 $425,000 -14.1%
Currently Jun 2, 2026 $417,500 -1.8%

Description

Rare opportunity to purchase a LIVE/WORK-FRIENDLY studio in Flatiron/Gramercy's historic, full service Sage House, Perfect either as a primary residence, a pied-a-terre, or as an office/commercial space -- a therapist’s office; a design, photography, or artist’s studio; or simply as a serene office space outside of your own home. This turn-key studio features a full, renovated kitchen with granite countertops and breakfast bar, a full-size refrigerator, a Fridgidaire dishwasher, a four-burner gas stove and oven, and lovely wood and glass cabinets. Unique architectural details include an alcove framed in bronze, as well as a bronze front door and radiator covers. The nine-foot ceilings lend an airy feel to the studio, as do the 3 windows, which face the street. There are beautiful white oak floors throughout and three closets. The renovated, classic black-and-white bathroom has a deep soaking tub and a shower. Sage House, designed in the Italian Renaissance palazzo-style by Grosvenor Atterbury and built in 1912 from rough-cut red sandstone, is a landmarked coop which has a grand, double-height lobby. The coop has a 24-hour doorman, a resident super, a common laundry, a bicycle room, and private storage. It allows pets, pieds-a-terre, parents buying for employed children, co-purchasing, and gifting, as well as unlimited subletting (with Board approval) after one year of ownership and maximum 80% financing. Located one block from Gramercy Park and minutes from Madison Square Park, Union Square, Eataly, Flatiron, NoMad, and some of the best restaurants, bars, and cafes in the city.

Features & Amenities

Interior Features

Breakfast Bar Built In Features Granite Counters High Ceilings Soaking Tub Common On Floor Common Area Flooring: Hardwood Double Pane Windows Window Treatments

Appliances

Dishwasher Gas Cooktop Gas Oven Refrigerator

Building Information

Building Data View Compliance & Permits
Total Units 160
Stories 15
Structure HighRise

Financial Details

Maintenance $1,070/mo
Original Price $495,000
Sale Price $417,500
Previous Price $425,000

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

172

Median Asking Price

$1.37M

Median $/Sqft

$1,766

Avg Days on Market

N/A

New This Week

6

Price Reduced

29%

Sold (30 Days)

21

Median Sale Price

$1.20M

Live data from RLS at REBNY • Updated 6/2/26, 11:47 AM EST

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Location

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4 Lexington Avenue #1R, Gramercy Park, New York County

Virtual Tour

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3
Floor Plan 4

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
15
Floors
166
Residential Units
R9A
Zoning District
Elevator Apartments NYC Landmark

Tax & Assessment

Assessed Value: $16,430,400
Land Value: $1,561,500
Exemptions: $116,196

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

Lot Area: 12,850 SF
Building Area: 120,300 SF
Built FAR: 9.36
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 monthly maintenance are $1,070 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1912, making it approximately 114 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: RLS10962516
First Listed: 11/4/2023
On Market: 11/4/2023
Price Changed: 8/5/2024
Closed: 8/1/2024
Contract Date: 11/1/2023

Listing Courtesy of Compass - Lisa Garey

Listing Contact: (917) 445-5803

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 6/2/2026 at 3:47 PM UTC

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