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Gramercy North, 50 Lexington Avenue, NYC - Condo Apartments
Gramercy North, 50 Lexington Avenue, NYC - Condo Apartments
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50 Lexington Avenue
NEW DEVELOPMENT: OPENED IN 2004

Gramercy North,
50 Lexington Avenue

Doorman Condop located in Gramercy Park, between East 24th Street & East 25th Street

50 Lexington Avenue Location Map
  • Apartments For Sale (3) $1,389 Avg. price/ft2
  • Recent Sales (19) $1,175 Avg. price/ft2
  • All Units in Building (184)
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Beds
Baths
Size
Price / Ft2
Price
Listed on
Days on Market
Unit #
Beds
Baths
Size
Closing Price
Price / Ft2
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Sold on
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Overview of Gramercy North at 50 Lexington Avenue

Gramercy North at 50 Lexington Avenue is a 26 story condop built in 1987, housing 184 units in the heart of the desirable Flatiron District. The building's setback design features numerous balconies and corner bay windows, creating a robust architectural presence while offering residents spectacular views from upper floors of iconic landmarks including the Empire State Building, Chrysler Building, Metropolitan Life Insurance Company Building, and Con Edison Tower. Recent renovations include a newly landscaped courtyard, updated lobby and elevators. 

Amenities include a 24 hour doorman, live-in superintendent, indoor pool, sauna, and fitness center. The crown jewel is the spectacular 360 degree roof deck that provides sweeping views of the Manhattan skyline, particularly popular for Fourth of July fireworks viewing. 

Many apartments feature private balconies or terraces, with layouts ranging from alcove studios to spacious three bedrooms. Higher floor residences offer particularly dramatic city views and abundant natural light through floor-to-ceiling windows. 

The building is situated steps from Madison Square Park, Gramercy Park, and Union Square, with easy access to the 6 and N/R/W subway lines at 23rd Street. Residents enjoy proximity to popular destinations including Eataly, Whole Foods, Trader Joe's, and the vibrant dining and shopping scene of the Flatiron District. The building maintains flexible policies allowing subletting from day one, pieds-à-terre, co-purchasing, and is pet friendly, making it attractive to both investors and primary residents.

Year Built
1987
Apartments
184
Floors
26
Pets: Allowed
Neighborhood
Min Down
20%
184Apartments
View All Past
Sales & Rentals
in Building

Amenities

  • FT Doorman
  • Resident Storage
  • Health Club
  • Pool
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Fitness Center
  • Outdoor Entertainment Space
  • Live-In Superintendent
  • Terraces / Balconies
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Nearby Subways

  1. 6
at Park Ave 0.13 miles
  1. N
  2. R
at Broadway 0.27 miles
  1. Q
  2. 4
  3. 5
  4. L
at Broadway and 16th 0.47 miles
  1. M
  2. F
at 6th Ave 0.48 miles

Pros & Cons

  • Roof deck
  • Nearby Cineplex
  • Area has many restaurants and major retailers like Barnes & Noble- ABC Carpet- and Paragon Sports
  • Very close to Gramercy and Madison Square parks in the highly desirable Flatiron District
  • Concierge
  • Many corner bay windows
  • Many balconies
  • Close to Subway
  • Pool and health club
  • Many dramatic views
  • Doorman
  • 24 hour doorman and live-in superintendent
  • 26 story building with dramatic views from upper floors
  • Balconies in some units
  • Indoor swimming pool, sauna, and fitness center
  • Pet friendly
  • Roof deck with 360 degree Manhattan skyline views
  • Allows pied-à-terres, gifting, and parent purchases
  • Flexible sublet policy from day one
  • Located in desirable Flatiron District, close to Madison Square Park, Gramercy Park, and Union Square
  • Near Eataly, Trader Joe's and Whole Foods
  • Multiple subway lines nearby (6, N/R/W trains at 23rd Street)
  • Many apartments
  • Considerable traffic

CityRealty Rating

20
/44
Architecture
+
21
/36
Location
+
16
/39
Features
=
57
CITYREALTY
RATING
  • How is the CityRealty Rating calculated?

    Architecture
    • 30+ remarkable
    • 20-29 distinguished
    • 11-19 average
    • < 11 below average
    Location
    • 27+ remarkable
    • 18-26 distinguished
    • 9-17 average
    • < 9 below average
    Features
    • 22+ remarkable
    • 16-21 distinguished
    • 9-15 average
    • < 9 below average

Broker & Buyer Comments

This "hybrid" 26-story condop in prime Gramercy/Murray Hill location offers "resort-style" living with its "professionally designed" health club featuring an indoor pool, sauna, and "well-equipped" exercise facilities. The "designer lobby" and full-time doorman set an "upscale tone," while the "private rooftop sundeck" provides urban escape. "Perfectly positioned" for city living with "easy access" to Madison Square Park, top restaurants, and shopping. Building operates with "condo-like flexibility" despite its co-op structure, requiring only management approval for purchases.

Sales History by Apartment Size

View Full Closing History
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