SOLD FOR $707,000
Listed at $750,000 · Sold 5.7% below asking · Closed June 13, 2016
$707,000
Listed at $750,000 $-43,000 vs asking
61 Lexington Avenue #1G
MLS® #RLS10411864
Listing by Elliman
2
Bedrooms
1
Bath
N/A
Sq. Ft.
1980
Year Built
Sale Details
Property Summary
Description
An extremely rare opportunity to buy a spacious two-bedroom live/work apartment in Gramercy Park, this newly-available unit is the lowest-priced commercial condo in the neighborhood. With very low monthlies?$427 carrying charges; $544 taxes?and permission to rent from day one with no board approval required, this is a perfect investment opportunity or a chance to move in and make it your home immediately. This premier building is at the vibrant crossroads of Kips Bay and Gramercy Park. All the attractions of Midtown Manhattan living are within walking distance, while the serene setting is at the corner of 25th Street, closed here to vehicular traffic. This 2-bedroom, 1-bath condo is on the second floor of the pet-friendly elevator building and features gleaming bamboo floors throughout. The open-plan living/dining room is spacious enough for a variety of setups to suit your taste, while an alcove nook is the prefect home office space. The open kitchen is outfitted with granite counters, stainless steel appliances including a dishwasher, an artful tile backsplash, and plenty of cabinet space. The queen-size primary bedroom and full-size guest bedroom both have ample closet space, and the newly renovated marble bathroom features a sleek contemporary design scheme. This is a cooperative building from the third floor and above, so this unit is one of only a few live/work commercial condos in this building. The open rental policy permits short-term rentals without board approval; pieds-a-terre, co-purchasers and gifting are allowed. Madison Square Park is just a few short blocks away, along with many of the city's most acclaimed restaurants, and the 6 train is a short stroll from your front door. This must-see property is priced for a quick sale
Property Details
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Listing courtesy of Bridget Harvey at Elliman. 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. This 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.