Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $425,000

· Closed March 30, 2022

61 LEXINGTON Avenue #1B
Closed For Sale Co-op

$425,000

61 LEXINGTON Avenue #1B

Gramercy Park, Manhattan

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MLS® #RLS10763609

RLS at REBNY

Listing by Halstead dba Brown Harris Stevens Residential Sales LLC

Studio

1

Bath

N/A

Sq. Ft.

1979

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1979
Ownership Co-op
Maintenance $416/mo
Property Taxes $11,868/yr
Neighborhood Gramercy Park
Floor 1 of 7

Property Highlights

  • Location: Gramercy Park, Manhattan
  • Property Type: Co-op
  • Built: 1979

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 1 of 7
Pets Yes
Cross Street 25TH & 26TH ST.
Year Built 1979
Parcel # 0881-1009

Listing History

Event Date Price Change
Listed Jun 30, 2021 $439,000 -
Currently Apr 24, 2026 $425,000 -3.2%

Description

The way we live and work has been forever changed. Apartment 1B at 61 Lexington, situated on the second floor of this commercial condominium, is your custom-tailored solution to find your office, home or combination of both with flexibility and ease. This re-imagined and bright diamond in the rough provides optimal optionality to serve as your work space to meet clients with an ideal layout for a large desk by the tree-lined west-facing window, comfortable seating for meetings, separate welcoming area and small dining area off the recently updated kitchen to service clients with coffee and other offerings or to prepare home-cooked meals. Allow clients to take advantage of the second entrance from street level on the ground floor off Lexington Avenue for privacy and ease leading up a semi-private staircase to the office, with signage and intercom installation opportunity. There are two separate locked doors for security. After a productive work day, rest or play in this central Gramercy location situated on the renovated Baruch College Pedestrian Plaza.

If you're seeking a centrally located home with an updated kitchen and long strip hardwood floors, opt to live in this home and use the traditional main building entrance off 25th street with elevator access to the second floor to Apartment 1B. Two large closets outfitted with California Closets provide a plethora of storage and the home is pin-drop quiet. This unique building in the heart of Gramercy with live-in super is ideally located near Madison Square Park, Union Square, local and coveted eateries, Equinox and more in addition to convenient public transportation options including the 6, R, & W trains.

Pet-friendly flexible commercial condo board rules allow for up to 80% financing, pied-a-terres, co-purchasers and investors renting immediately. Office and residential concepts in photos have been virtually staged. Commercial Condominium monthly costs are $416 per month common charges and $989 per month Real estate taxes. All measurements and square footages are approximate and all information should be confirmed by customer.

Building Information

Financial Details

Maintenance $416/mo
RE Taxes $11,868/yr ($989/mo)
Original Price $439,000
Sale Price $425,000
Previous Price $439,000

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, 5:46 PM EST

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Location

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61 LEXINGTON Avenue #1B, Gramercy Park, New York County • Near 25TH & 26TH ST.

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
7
Floors
40
Residential Units
C6-2A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $5,230,350
Land Value: $884,248
Exemptions: $6,870

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

Lot Area: 4,723 SF
Building Area: 30,424 SF
Built FAR: 6.44
Allowed FAR: 6.02

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 $416 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $11,868, or roughly $989 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 1979, making it approximately 47 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.

Pet policy requires confirmation with the listing broker.

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: RLS10763609
First Listed: 6/30/2021
Price Changed: 3/31/2022
Closed: 3/30/2022
Contract Date: 6/21/2021

Listing Courtesy of Halstead dba Brown Harris Stevens Residential Sales LLC - Rory Clark

Listing Contact: (212) 381-4225

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 9:46 PM UTC

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