Gramercy North, 50 Lexington Avenue

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

Description of Gramercy North at 50 Lexington Avenue

Gramercy North is a 26-story, 184-unit postwar condop located at 50 Lexington Avenue. The building is close to Madison Square Park, Gramercy Park, Union Square, Eataly, Trader Joe's, Whole Foods, and the 6 and N/R/W trains at 23rd Street. The building has a flexible sublet policy and allows pied-a-terres, gifting, parents buying with and for children, and pets.

Building Facts

Year Built: 1987

Building Type: Condop

Neighborhood: Gramercy Park (Manhattan)

Minimum Down: 20%
Total Apartments: 184 184

Total Floors: 26

Doorman: FT Doorman

Pets: Allowed

Total Floorplans:

Apartment Pricing Stats

$1,300

Avg. Price / ft²

Apartment for Sale (1)

$82

Avg. Price / ft²

Apartments for Rent (2)

$1,206

Avg. Price / ft²

Recent Sales (5)

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

Apartments for Sale at 50 Lexington Avenue (1) View history of all units

1

Available Apt

$975K

Price Range

$1,300

Avg. Price / ft²

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Apartments for Rent at 50 Lexington Avenue (2) View history of all units

2

Available Apts

$3,300

Prices Start At

$82

Avg. Price / ft²

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Gramercy North: Rating

20

Out of 44

+

21

Out of 36

+

16

Out of 39

=

57

Carter Horsley's Review of Gramercy North

"Close to Gramercy and Madison Square parks, this 26-story building was erected as a cooperative in 1987 and has 185 apartments. The tower, setback in its plaza, is dramatic views from its upper floors of many surrounding landmarks such as Metropolitan Life Insurance Company Building on Madison Square and the Con Edison Tower on 14th Street. Its form is very nicely modulated with many balconies and corner bay windows that give it a very robust and vigorous appearance. Excellent public transportation is available with two different subway stations nearby on 23rd Street, which also has good cross-town bus service. The surrounding Flatiron District, one of the city's most popular and desirable, has many excellent restaurants and major stores such as ABC Carpet and Barnes & Noble are nearby as is a major cineplex." Read Carter's Full Review

Pros

Many dramatic views
Pool and health club
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
Doorman
Concierge
Many corner bay windows
Many balconies
Close to Subway

Cons

Many apartments
Considerable traffic

Broker & Buyer Comments

"DESIGNER LOBBY & HALLWAYS; HEALTH CLUB IS PRIVATE & PROFESSIONALLY DESIGNED WITH INDOOR POOL, EXERCISE ROOM, SAUNA, SHOWERS & DRESSING ROOMS FOR MEN & WOMEN; LAUNDRY ROOM; PRIVATE ROOFTOP SUNDECK. It`s a condop building with commercial units on the ground floor. Max financing 90%. No dog, existing dogs are grandfathered. It is located in Gramercy/ Murray Hill area walking distance to some of the best Nye York restaurants, shopping, and Madison Square park. Walk to subway."

"26 Story, 185 Unit Coop building with "Condo Rules." The building features a FT Doorman, swimming pool, fitness area and sauna. All purchasers are required to submit a coop package but Board Approval is not required, only management approval."

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