Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
7 Lexington Avenue #12F
Interested in this property?
Active For Sale Condop

$792,000

7 Lexington Avenue #12F

Gramercy Park, Manhattan

The Park Gramercy

MLS® #RLS20023066

RLS at REBNY

Listing by Compass

Studio

1

Bath

N/A

Sq. Ft.

1951

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1951
Ownership Condop
HOA/Common Charges $1,779/mo
Neighborhood Gramercy Park
Floor 12 of 12

Property Highlights

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

Property Details

Type Condop
Ownership Condop
Total Rooms 2
Baths 1 Full
Floor 12 of 12
Exposure North,West
Heating Wall Furnace
Cooling Wall Units
Pets Yes, CatsOk, DogsOk
Year Built 1951
Structure Type MultiFamily
Furnished Unfurnished
Parcel # 0877-0067-00007-000-000012F
Block/Lot 00877/0067

Listing History

Event Date Price Change
Listed Jan 9, 2026 $850,000 -
Price Reduced Apr 1, 2026 $793,000 -6.7%
Currently May 4, 2026 $792,000 -0.1%

Description

Top floor penthouse oversized home lovingly renovated in one of Gramercy Park's premier buildings just across from the Gramercy Park Hotel. Incredibly spacious with hardwood floors, high beamed ceilings, and bright sunny exposures over the skies of this desirable neighborhood. Plenty of room in this spacious loft-like studio for queen or king-sized bed, plus full living and dining room setups. Windowed separate kitchen is smartly outfitted in classic stainless appliances including dishwasher and granite counter surfaces. Bath is cleanly modernized in handcrafted artisanal subway tile, rainshower, and new vanity, flooring, lighting and medicine cabinet. Separate dressing/make-up area and loads of closets. Through-wall AC. And even better, just one flight up to the building's magnificent rooftop terrace - perfect for unwinding on a late summer evening! The Park Gramercy is one of the neighborhood's finest addresses, and best of all functions **just like a condominium** with a very quick approval process and no restrictions on subleasing, guarantors, foreign or student purchasers or any other co-op hassles! Recently renovated lobby with full-time door staff. Live-in super. Bike Storage and Laundry Room. Maintenance includes all taxes and fees. Steps to Gramercy Park, all shopping and transit. This one won't last!

Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common On Floor Common Area

Exterior Features

Building Roof Deck

Building Amenities

Bike Storage Elevators

Appliances

Gas Cooktop Stainless Steel Appliances

Building Information

Building The Park Gramercy
Building Data View Compliance & Permits
Total Units 93
Stories 12
Structure MultiFamily

Financial Details

Common Charges $1,779/mo
Original Price $850,000
Previous Price $793,000

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

162

Median Asking Price

$1.50M

Median $/Sqft

$1,837

Avg Days on Market

N/A

New This Week

3

Price Reduced

24%

Sold (30 Days)

17

Median Sale Price

$1.25M

Live data from RLS at REBNY • Updated 5/4/26, 12:15 AM EST

Similar Listings in Gramercy Park

View All

Location

Loading map...

7 Lexington Avenue #12F, Gramercy Park, New York County

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 $1,779 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 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 [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: RLS20023066
First Listed: 5/12/2025
On Market: 1/9/2026
Price Changed: 4/1/2026
Contract Date: 5/12/2025

Listing Courtesy of Compass - BRIAN L BABST

Listing Contact: (646) 456-0034

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 5/4/2026 at 4:15 AM 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?

Your info is secure and never shared.

Call Text Email