Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
7 Lexington Avenue #2E
Closed For Sale Co-op

$750,000

7 Lexington Avenue #2E

Gramercy Park, Manhattan

MLS® #RLS11017081

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 Co-op
Maintenance $1,515/mo
Neighborhood Gramercy Park
Floor 2 of 12

Property Highlights

  • Climate Control: Central Air

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 2 of 12
Cooling Central Air
Pets Yes, CatsOk, DogsOk
Year Built 1951
Structure Type MultiFamily
Flooring Hardwood
Furnished Unfurnished
Parcel # 0877-0067-00007-000-000002E
Block/Lot 00877/0067

Listing History

Event Date Price Change
Listed Oct 22, 2024 $825,000 -
Price Reduced Jun 24, 2025 $785,000 -4.8%
Currently May 29, 2026 $750,000 -4.5%

Description

This exquisite studio is situated in one of Gramercy Park's most prestigious full-service buildings, right in the heart of downtown Manhattan. From the moment you enter through the elegant tiled foyer, you’ll appreciate the meticulous attention to detail. The flexible open floor plan offers a grand custom walk-in closet and a separate dressing area leading to a luxurious marble bathroom. The expansive living space is bathed in natural light, thanks to its high ceilings, oversized windows overlooking treetops, and a wall of built-in shelving that enhances the interior's functionality. A raised platform area provides versatility, serving as either a dining nook or a sleeping alcove. The sleek, renovated kitchen is beautifully appointed, featuring a farmhouse sink, generous cabinetry, and a granite breakfast bar with additional seating. Classic parquet flooring runs throughout, while central heating and air conditioning make this home move-in ready. Park Gramercy is an investor-friendly condop with no Board approval required. It welcomes pied-à-terres, gifting, and subletting. Residents enjoy a full suite of amenities, including a 24-hour doorman, a resident manager, a spacious landscaped roof deck, a laundry room, and bike storage. The location is unparalleled, offering convenient access to all major transportation hubs at Union Square, the greenery of Madison Square Park, and the finest dining and shopping just steps away.

Features & Amenities

Interior Features

Built In Features Building Washer Dryer Install Allowed Common On Floor Common Area Flooring: Hardwood

Appliances

Dishwasher Gas Oven Stainless Steel Appliances

Building Information

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

Financial Details

Maintenance $1,515/mo
Original Price $825,000
Sale Price $750,000
Previous Price $785,000

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

184

Median Asking Price

$1.27M

Median $/Sqft

$1,766

Avg Days on Market

N/A

New This Week

10

Price Reduced

29%

Sold (30 Days)

19

Median Sale Price

$1.20M

Live data from RLS at REBNY • Updated 5/29/26, 10:47 AM EST

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Location

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7 Lexington Avenue #2E, 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 monthly maintenance are $1,515 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 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 [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: RLS11017081
First Listed: 10/22/2024
On Market: 10/22/2024
Price Changed: 6/24/2025
Closed: 6/12/2025
Contract Date: 10/1/2024

Listing Courtesy of Compass - Shii Ann Huang

Listing Contact: (212) 913-9093

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 5/29/2026 at 2:47 PM UTC

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