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1 Lexington Avenue, #5A6A

$6,995,000 ($1,953 per ft2) | 5 beds, 4 baths | Approx. 3,582 ft2
Building Profile  | 
114 days on Market

Key Details

  • Listed: Jul 11, 2024
    Last Price Change: ($505,000) on Oct 17
    Days on Market: 114
    Building Type: Cooperative
    Neighborhood: Gramercy Park (Manhattan)
    Doorman: FT Doorman
    Listing viewed 318 times
Monthly Maintenance: $10,158 ($2.84/ft2)
Est. Monthly Mortgage: $23,175
Total Est. Monthly Carrying Cost: $33,333 ($9.31/ft2)
Note: the above is based on a down payment of 50% ($3,497,500), which is the minimum amount permitted by the building.

Insider Highlights

  • Spacious and Historic Duplex: This five-bedroom, four-bathroom duplex home is located in a historic building designed by acclaimed architect Herbert Lucas. The home features original architectural details including picture rails, moldings, and a beautifully preserved mantlepiece.
  • Unobstructed Park Views: The home boasts eight unobstructed windows facing Gramercy Park, offering stunning views and plenty of natural light.
  • Ample Space and Storage: The property includes a large formal dining room, an oversized, windowed, eat-in kitchen, multiple spacious suites with en-suite bathrooms, and ample storage space including a separate wine storage room and additional storage in the basement and sub-basement.
  • Full-Service Cooperative: The full-service cooperative offers a full-time doorman, live-in superintendent, access to Gramercy Park, bike storage, and is pet-friendly. The building also allows the installation of in-unit washer/dryers.
  • Building Amenities and Location: The building is conveniently located near the Flatiron District, Union Square, and Irving Place with abundant shopping and dining options. Amenities include a marble lobby, a wood-paneled elevator attended by an elevator operator, concierge service, a resident manager, a bike room, a storage room, central air conditioning, and a central laundry room.
  • Transportation and Pet-Friendly: The building is pet-friendly and offers convenient access to public transportation. Pets are permitted and the building allows the installation of in-unit washer/dryers.

Description

Residence 5A/6A at One Lexington Avenue is a rarely available grand scale duplex home offering five bedrooms, four bathrooms, and eight unobstructed windows facing Gramercy Park. Opening into an elegant gallery hall, which spans over 35 feet, you are led into a sun filled, oversized living room with southern and western unobstructed treetop views directly onto Gramercy Park. Appreciate ornate details throughout including original picture rails, moldings, and a beautifully preserved mantlepiece that surrounds a wood burning fireplace.

Off the living room is a large formal dining room separated by double-width glass doors, perfect for an evening dinner service. Abutting the formal dining room is a large service pantry leading into an oversized, windowed, eat-in kitchen ready to be outfitted for the most discerning chefs. A laundry room, service quarters and service entrance are discreetly tucked away behind the kitchen.

Ascending to the second floor, you are greeted by multiple spacious suites.

The first primary suite is located on the southwest corner with large windows offering direct views onto Gramercy Park and an en-suite pass-through bathroom connecting to a separate study or bedroom. The secondary suite offers ample space for furniture, with a gracious dressing room (or home office) leading to a private en-suite bathroom. An additional bedroom follows, also with its own en-suite bathroom.

This level provides three extra closets which are all deep and oversized. There is also a separate wine storage room, a storage room in the basement and storage in the sub-basement.

One Lexington Avenue is a premiere full-service cooperative with a full-time doorman and a full-time, live-in superintendent. There is bike storage and a common laundry facility in the basement.

The building offers access to Gramercy Park as well. This historic building was built in 1910 and designed by the acclaimed architect Herbert Lucas and is renowned for its grand entrance with a high cast iron fence leading to a stately portico with Tuscan columns. The building also recently installed new, state of the art electrical systems in the basement as well as compressor mounting on the roof for the easy installation of central air conditioning with board approval.

Located on the exclusive North side of Gramercy Park, this pre-war cooperative is perfectly situated within a short distance to the Flatiron District, Union Square and quaint Irving Place.

Shopping and world-renowned dining are at your doorstep with notable establishments including Gramercy Tavern, Eleven Madison Park and ABC Kitchen within blocks. Transportation options are abundant, as are supermarkets and other convenient necessities throughout this idyllic, picturesque, and quintessential Manhattan neighborhood. The cooperative permits maximum financing of 50% and there is a 2% flip tax payable by the seller.

Pets are permitted.

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Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About 1 Lexington Avenue

86

1 Lexington Avenue has received a CityRealty Rating of 86, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

28
Out of 44
+
27
Out of 36
+
22
Out of 39
+
9
=
86
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 40 blocks 2 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
Some 0 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
2 4 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Very Attractive 3 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
Yes 1 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Elevator Operator
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Washer/Dryer in building
  • Elevator
  • Bike Room

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Pros
  • Elevator person
  • Some decorative balconies
  • Convenient to Flatiron and Union Square restaurants
  • Moat with high fence
  • Few apartments
  • Some duplexes
  • Entrance portico
  • Canopied entrance
  • Doorman
  • Overlooks Gramercy Park
  • Keys to Gramercy Park
  • Close to Subway
Cons
  • No roof deck
  • No fitness center
  • Four-step-up entrance
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Subways

  1. 6
at Park Ave 0.12 miles
  1. N
  2. R
at Broadway 0.29 miles
  1. Q
  2. 4
  3. 5
  4. L
at Broadway and 16th 0.33 miles