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In Contract

61 Lexington Avenue, #1A

$599,000 ($1,409 per ft2) | Studio, 1 bath | Approx. 425 ft2
Building Profile  | 
79 days on Market

Key Details

  • Listed: Sep 3, 2024
    Days on Market: 79
    Building Type: Cooperative
    Neighborhood: Gramercy Park (Manhattan)
Monthly Maintenance: $415 ($0.98/ft2)
Monthly Real Estate Taxes: $1,110
Est. Monthly Mortgage: $3,178
Total Est. Monthly Carrying Cost: $4,703 ($11.07/ft2)
Note: the above is based on a down payment of 20% ($119,800), which is the minimum amount permitted by the building.

Description

Whether you’re seeking a primary residence or a professional workspace, this investor-friendly commercial condominium offers exceptional flexibility to cater to investors, pied-a-terre seekers, business owners or someone looking for a primary residence in the heart of Gramercy. This apartment has just undergone a gut renovation and offers a dynamic floor plan with pocket doors to separate the two spaces framed by two oversized western-facing picture windows. Other features include custom kitchen cabinetry with ample storage, a gas range, built-in dishwasher, and built-in refrigerator all outfitted with custom paneling.

The bathroom is outfitted with a modern glass stall shower and white subway tiling. Recessed lighting throughout and through-the-wall air conditioning complete the space. For those interested in commercial use, there is a second egress with a semi-private entrance from Lexington Avenue with the opportunity to install an awning with signage.This configuration ensures privacy and convenience for commercial use. 61 Lexington Avenue is an elevator building with a live-in superintendent, common laundry room, and video intercom. The building allows for immediate and unlimited subletting, pied-à-terres, co-purchasers, and gifting.

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Listing courtesy of Compass

Pricing History

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About 61 Lexington Avenue

60

61 Lexington Avenue has received a CityRealty Rating of 60, 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

20
Out of 44
+
25
Out of 36
+
8
Out of 39
+
7
=
60
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
Attractive 4 out of 5 points
Canopy Entrance:
No Canopy 1 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but OK 1 out of 3 points
Skyline:
Not Visible 0 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Discrete 1 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 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:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Attractive 2 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 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:
3-6 Short Blocks 1 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:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Minimal but Attractive 2 out of 5 points
Units Per Floor:
5-9 2 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
None 0 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
None 0 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 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:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Conversion Year: 1988
  • Elevator
  • Live-In Superintendent

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Pros
  • Laundry
  • Live-in superintendent
  • Permits pets
  • Not far from Gramercy Park and Flatiron District
  • Good public transportation
Cons
  • No roof deck
  • No doorman
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Subways

  1. 6
at Park Ave 0.16 miles
  1. N
  2. R
at Broadway 0.31 miles

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