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Park Gramercy, 7 Lexington Avenue, #2A

$1,185,000 ($1,247 per ft2) | 1 bed, 1 bath | Approx. 950 ft2
Building Profile  | 
409 days on Market

Key Details

  • Listed: Sep 11, 2023
    Last Price Change: ($65,000) on Feb 1
    Days on Market: 409
    Building Type: Cooperative
    Neighborhood: Gramercy Park (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $2,146 ($2.26/ft2)
Est. Monthly Mortgage: $6,924
Total Est. Monthly Carrying Cost: $9,070 ($9.55/ft2)
Note: the above is based on a down payment of 10% ($118,500), which is the minimum amount permitted by the building.

Description

Huge South-West facing gut renovated one bedroom apartment with partial Gramercy Park views in one of the most desirable buildings around Gramercy Park.

The extra generous layout of the living room with beamed hi ceilings and hardwood floors is a great space for entertaining and blends well with the open custom designed kitchen with a breakfast bar that seats four. The windowed fully equipped kitchen has a Wolf stovetop/oven/Microwave with a lighted venting hood, a Subzero fridge, Miele dishwasher and a custom designed backsplash with recessed lights and a garbage disposal in the kitchen which is an unusual feature. The unusually large quiet and bright bedroom faces East and South into the courtyard and has a wall of custom closets and tons of built-ins for storage.

There are thru wall air conditioners in all rooms.

There is spacious home office just outside the bedroom next to the newly renovated windowed bathroom.

Park Gramercy is a full service Condop located a building away from Gramercy Park and the trendy restaurants of Park Avenue south, Union Square and all major subway lines. The building has a full time doorman, a beautiful roof deck, bicycle storage and central laundry in the basement. This Condop functions like a condominium with no term limits on renting or down payment requirements and welcomes buyers both local and international wanting to buy an investment property or a home as a pied a terre.

Approval is by waiver of the right of first refusal like a condominium. The building is pet-friendly.

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Apartment Amenities

  • City View
Listing courtesy of Brown Harris Stevens Residential Sales LLC

Pricing History

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About Park Gramercy, 7 Lexington Avenue

53

Park Gramercy, 7 Lexington Avenue has received a CityRealty Rating of 53, 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

16
Out of 44
+
27
Out of 36
+
10
Out of 39
=
53
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 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:
Enclosed 1 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
No 0 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:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 40 blocks 2 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 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:
Less than 3 Short Blocks 2 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:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 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:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 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:
No 0 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: 1991
  • FT Doorman
  • Resident Storage
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Outdoor Entertainment Space
  • Bike Room
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • One block north of Gramercy Park
  • One block from cross-town buses
  • Adjacent to the Flatiron District and its many restaurants and boutiques
  • Very close to two different subway lines
  • Many corner windows
  • Very attractive street
  • Doorman
Cons
  • No health club
  • No sundeck
  • No garage
  • No keys to Gramercy Park
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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 0.35 miles

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