1 Lexington Avenue

Overview of 1 Lexington Avenue

One Lexington Avenue, erected in 1910, stands as one of Gramercy's most distinguished prewar cooperatives. Designed by noted architect Herbert Lucas, who also created 24 Gramercy Park South, the 12-story building was originally developed by Edward Corning's company with just 12 apartments, though it now houses 27 cooperative units, many configured as duplexes.

The building's refined architecture features a two-story stone base and upper floors of deep red brick laid in Flemish bond. Its impressive façade includes voluted stone keystones over each window, cast-iron balconies on stone console brackets, and a colonnaded portico with Tuscan columns. Round-arched windows above the portico are embellished with finely carved fruit garlands, while a high cast-iron fence surrounds the property.

Also known as 123-125 East 21st Street and 49-50 Gramercy Park North, the building has attracted notable residents including actresses Uma Thurman and Winona Ryder, and restaurateur Danny Meyer. Many apartments feature wood-burning fireplaces and windowed kitchens, with some units offering direct views of Gramercy Park.

Current amenities include a marble lobby, wood-paneled elevator with operator, full-time doorman, live-in superintendent, bike storage, and central laundry facilities. The building has recently upgraded its electrical systems and added roof mounting for central air conditioning installation. Residents enjoy exclusive access to Gramercy Park.

The cooperative permits pets and in-unit washer/dryers, though pied-à-terres are not allowed. The building maintains a 65% maximum financing policy and implements a 2% flip tax for shareholders who own apartments for five years or less.

Situated on the north side of Gramercy Park, the building offers convenient access to the Flatiron District, Union Square, and Irving Place, with numerous acclaimed restaurants and public transportation options nearby.