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7 Lexington Avenue 5ENew York, NY 10010

For Sale

$700,000

Smart Buyer Rebate $5,000

Residence 5E at 7 Lexington Avenue offers a rare opportunity to own a well-proportioned studio in the iconic Park Gramercy, one of Manhattan’s most established full-service prewar buildings, where classic architecture, thoughtful layout, and long-term value converge.

This elegant home features soaring beamed ceilings, rich hardwood floors, and a versatile raised platform that easily accommodates distinct living, dining, and sleeping zones, maximizing space in a way few studios can. The updated kitchen is outfitted with stainless steel appliances, granite countertops, and charcoal slate flooring, making everyday living both functional and refined.

A true standout is the abundance of storage: three generous closets and a separate dressing area that leads to a well-sized bathroom, an uncommon and highly desirable feature that adds comfort, organization, and resale appeal.

The Park Gramercy delivers a full-service lifestyle with a 24-hour doorman, landscaped roof deck with open city views, bike storage, and on-site storage options and amenities rarely found at this value point.
Ideally located just moments from Gramercy Park, Union Square, Flatiron, top-tier dining, shopping, and multiple subway lines, Residence 5E places you at the center of Manhattan while offering the quiet charm and stability of a classic residential enclave.
This is an exceptional opportunity for a first-time buyer, pied-à-terre owner, or investor seeking enduring value in a prime downtown location.

Schedule your private showing today and take advantage of this amazing deal!

Listed by ELKIN J SERNA

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Compass

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(917) 578-9551

Last updated January 28, 2026

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Source: REBNY #RLS20039033

Listing Facts

  • TypeCo-op
  • NeighborhoodGramercy Park
  • Bathrooms1
  • Days on Prevu190
  • HOA/Maint. Fees$1,625/month

Amenities

  • Dishwasher
  • Pets Allowed
  • Concierge

Location

Mortgage Calculator

Listing History

01/15/2026
Price Decreased
$700,000
11/18/2025
Price Decreased
$750,000
09/03/2025
Price Decreased
$785,000
07/24/2025
Listed by Compass
$800,000

Estimated Closing Costs

Total
$9,500
Attorney Fees
$4,000
Bank Attorney
$1,500
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $700,000 and a 10% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 7 Lexington Avenue 5E

Association

Amenities

  • Pets Allowed: Building Yes
  • Concierge: Doorman Full Time

Fees

  • Association Fee: $1,625.00 Monthly

Exterior

Construction

  • Number Of Units Total: 93
  • Stories Total: 12
  • Structure Type: High Rise
  • Year Built: 1951
  • Entry Level: 5

Features

  • Building Features: Elevator(s)
  • View: City

Measurements

  • Lot Size Dimensions: 74
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Parcel Number: 0877-0067-00007-000-000005E

Interior

Features

  • Appliances: Dishwasher, Range, Stainless Steel Appliance(s)
  • Flooring: Hardwood
  • Interior Features: Granite Counters

Measurements

  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Rooms Total: 3

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Gramercy Park
  • Tax Block: 00877
  • Tax Lot: 0067

Utilities

Equipment

  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Common Area

Frequently Asked Questions

How many bedrooms and bathrooms does this co-op have?

There is bedrooms and 1 bathroom in this co-op at 7 Lexington Avenue 5E.

Are pets allowed at 7 Lexington Avenue?

Yes, 7 Lexington Avenue allows pets. Check the Property Details for any relevant restrictions.

How does 7 Lexington Avenue 5E compare to other co-ops in Gramercy Park?

This co-op is listed 45% below the average price for co-ops in Gramercy Park and has been on the market for 65 more days than the typical home in this area.

7 Lexington Avenue 5E is a -bedroom, 1-bath co-op for sale in New York NY 10010. On Prevu for 190 days at $700,000. This includes a recent price decrease of $50,000. This property is located in Gramercy Park. The median listing price for co-ops in this area is $1,272,500. Property amenities include dishwasher, pets allowed, and doorman. Explore more co-op listings in Manhattan.

Based on information from Real Estate Board of New York and/or other sources. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.