SOLD FOR $799,000
· Sold at asking price · Closed June 13, 2016
$799,000
$1,274 per sq ft
7 Lexington Avenue #6E
PARK GRAMERCY
MLS® #RLS10036981
Listing by Elliman
Studio
1
Bath
627
Sq. Ft.
1951
Year Built
Sale Details
Property Summary
Description
UNLIMITED SUBLETTING FROM DAY 1. Perfect for investors and as a primary residence. This is an extra large studio with a fully renovated kitchen and bathroom in an amazing Condop. This apartment has tons of storage space, including three massive closets with built-ins and a dressing area that can be used as an office area. Building amenities include a beautiful roof-deck, 24 hour doorman, bike room and laundry room. The building is incredibly investor friendly with a very flexible board that permits unlimited subletting, foreign buyers, pied-a-teres and parents buying for children. With this unit currently yielding 3.45% CAP rate this is a worthwhile investment. Only one block from the historic Gramercy Park and a 5 minute walk from Union Square and Madison Square Park. Perfect location, near Chelsea, Union Square, West Village, Noho, Flatiron, East Village and Murray Hill. Maialino Restaurant and Rose Bar are right across the street at the Gramercy Hotel.
Property Details
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Listing courtesy of Boris Sharapan Fabrikant 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.