HFZ's 88 & 90 Lex is complete: Remaining homes include spectacular penthouse and maisonette units

By CityRealty Staff | From Future New York Monday, November 18, 2019

The streets of New York are rich in various architectural styles, and it is not unusual to see, for example, a prewar Art Deco building right next door to a postwar office. It is less common to see two wildly different buildings combined into one condo conversion, but that has happened at 88 & 90 Lexington Avenue, situated on the cusp of Gramercy and NoMad. Developer HFZ Capital bought both buildings in 2013, and Workshop APD took on the task of restoring both buildings' distinctive architectural characteristics while combining the two into one cohesive design. A "face lift" for the circa-1958 90 Lexington Avenue played a role in the unification, and both buildings now have a sandy stone facade.

Sales got off to a brisk start, and this year’s closed transactions came in at an average of $2,065 per square foot. Despite many coming in below ask, this is still above the Gramercy average of $1,868 per square foot (figure per CityRealty data). Remaining availabilities range from $1.25 million for a studio to $11 million for a four-bedroom penthouse with a private courtyard.

↓ 88 Lexington Avenue, #M2 – $5,450,000

Condo | 4 bed, 5 bath

88 Lexington Avenue's limestone facade has been been beautifully buffed and restored (CityRealty)

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↓ 90 Lexington Avenue, #PHA – $11,000,000

Condo | 4 bed, 5 bath

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90 Lexington has been completely transformed into a contemporary jewel box

90 Lexington Avenue, #PHA (Photos via Corcoran)

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A collection of penthouse and maisonette residences was recently unveiled. Penthouse A is a four-bedroom corner unit centered around a private courtyard with built-in grill and kitchenette. Maisonette 2 also has four bedrooms and boasts double-height ceilings and dramatic arched windows.

Like all units, these homes feature open floor plans, 10’ ceilings, gallery-inspired art walls, graciously scaled living and sleeping space, and in-unit washer/dryer. Kitchens come outfitted with marble accents, custom paneled millwork, and high-end appliances and fixtures. Master baths have double vanities and radiant heated floors.

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Both buildings are connected by a double-height attended lobby with 24-hour concierge service. Shared amenities include an atrium swimming pool with adjacent hot tub, a sauna and steam room, a fitness center, a screening room, a lounge, a children’s playroom, and a rooftop terrace that promises stunning skyline views.

88 & 90 Lex has attracted attention for its proximity to top schools. Eleven Madison Park of the three Michelin stars is only three blocks away, and the surrounding streets are filled with popular restaurants and bars. Those who prefer to dine in benefit from being a short walk from Kalustyan’s, Fairway, and Trader Joe’s. Commuters have their choice of the 6, R, or W trains a short walk from the building.

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↓ 88 Lexington Avenue, #M2 – $5,450,000

↓ 90 Lexington Avenue, #PHA – $11,000,000

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↓ 88 Lexington Avenue, #M2 – $5,450,000

↓ 90 Lexington Avenue, #PHA – $11,000,000

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