Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,495,000

· Closed February 20, 2018

50 Lexington Avenue #PHA
Closed For Sale Co-op

$1,495,000

$1,300 per sq ft

50 Lexington Avenue #PHA

Gramercy Park, Manhattan

MLS® #RLS10029883

RLS at REBNY

Listing by The Corcoran Group

2

Bedrooms

2

Baths

1,150

Sq. Ft.

1988

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,150 sq ft
Year Built 1988
Ownership Co-op
Maintenance $2,214/mo
Neighborhood Gramercy Park

Property Highlights

  • Views: City
  • Exposure: West facing
  • Outdoor Space: Terrace, Balcony, Rooftop

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 2 Full
View City
Exposure West
Pets Yes
Cross Street PARK AVENUE SOUTH and LEXINGTON AVENUE
Year Built 1988
Living Area 1,150 sq ft

Listing History

Event Date Price Change
Listed Oct 17, 2017 $1,495,000 -
Currently Jun 5, 2026 $1,495,000 -

Description

BRING YOUR CONTRACTOR AND CUSTOMIZE THIS EXCEPTIONAL 2-BED /2-BATH GRAMERCY HOME WITH FLEXIBLE SUBLETTING!!

Welcome home to this rarely available 27th floor penthouse with private terrace and iconic views of the Empire State and Chrysler Buildings.

Upon entering the home you will see open western views from the living room and kitchen. The kitchen can be reconfigured and opened to create a seamless entertaining living/kitchen area. The oversized master bedroom easily accommodate a king-sized bed, two nightstands and an armoire. In addition to the large walk-in closet in the master there is plenty of space to create additional storage. The master bedroom also boasts an en-suite bathroom that can be enlarged. The second bedroom works perfectly as an office, nursery or guest bedroom. At this price and in this location, it is a dream waiting to come true for either end-user or investor.

50 Lexington is a CONDOP full service building which allows flexible subletting. Pets are allowed with approval. Abundant amenities including: spectacular roof top terrace with panoramic views, indoor swimming pool, sauna, gym, laundry room, 24-hour doorman, live-in super and state-of-the-art security system.

Conveniently located near Gramercy Park, Madison Square Park, the Flatiron District, and NoMad. 50 Lex is nearest the 6,N,R and L trains, PATH and M23 crosstown bus. In the heart of a dynamic and vibrant neighborhood, the building is across the street from Baruch University and moments away from the golden triangle of restaurants: Gramercy Tavern, The Rose Bar at The Gramercy Park Hotel, Gansevoort Park Avenue and much more.

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area

Exterior Features

Balcony Juliet Balcony Terrace Balcony Rooftop

Building Information

Financial Details

Maintenance $2,214/mo
Sale Price $1,495,000

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

$1.40M

Median $/Sqft

$1,732

Avg Days on Market

N/A

New This Week

6

Price Reduced

30%

Sold (30 Days)

25

Median Sale Price

$1.34M

Live data from RLS at REBNY • Updated 6/5/26, 6:48 AM EST

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Location

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50 Lexington Avenue #PHA, Gramercy Park, New York County • Near PARK AVENUE SOUTH and LEXINGTON AVENUE

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1987
Year Built
39 years old
26
Floors
185
Residential Units
C5-2
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $23,962,500
Land Value: $3,735,000
Exemptions: $22,900

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

Lot Area: 12,837 SF
Building Area: 150,340 SF
Built FAR: 11.71
Allowed FAR: 10

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 $2,214 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,150 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1988, making it approximately 38 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.

At the current list price of $1,495,000 for 1,150 sq ft, the asking price per square foot is approximately $1,300. 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 [email protected]. 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: RLS10029883
First Listed: 10/17/2017
Closed: 2/20/2018
Contract Date: 10/17/2017

Listing Courtesy of The Corcoran Group - Shakti C'Ganti

Listing Contact: (212) 444-7873

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 6/5/2026 at 10:48 AM UTC

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