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A blog from CityRealty (Links below will take you to the 6sqft site)

Sage House, 4 Lexington Avenue

Between East 21st Street & East 22nd Street

Key Details

  • Year Built 1912
    Converted Year 1975
    Building Type Cooperative
    Neighborhood Gramercy Park
  • Total Apartments 160
    Total Floors 11
    Doorman FT Doorman
    Pets Allowed
N/A
Avg. Price / ft2
$67
Avg. Price / ft2
Avg. Price / ft2

Description

Sage House was built in 1913 for the Russell Sage Foundation, a social welfare nonprofit that was an early advocate of social work and urban planning. Renowned architect Grosvenor Atterbury designed the building in the style of a Florentine Renaissance palazzo and included vaulted ceilings with a rough-cut red sandstone faade with carved decorative shields. It was converted to residential use in 1975, and residents have access to a 24-hour doorman, live-in resident manager, laundry room, bike room, and storage. The building is pet-friendly, allows up to 80% financing, and permits pied-a-terres and gifting. The building also has a liberal subletting policy available after 1 year of ownership with board approval.

Sage House is located at 4 Lexington Avenue near fine dining, the Gramercy Park Hotel, Union Square Park, Madison Square Park, and the transportation options near each.

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Building Amenities

  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Washer/Dryer in building
  • Elevator
  • Bike Room
  • Live-In Superintendent

Apartments for Sale at 4 Lexington Avenue (4)

4
Available Apts
$459K - $1.8M
Price Range
N/A
Avg. Price / ft2
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Apartments for Rent at 4 Lexington Avenue (1)

1
Available Apts
$19,999
Prices Start At
$67
Avg. Price / ft2
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Rating

23
Out of 44

Architecture Rating: 23 / 44

+
28
Out of 36

Location Rating: 28 / 36

+
13
Out of 39

Features Rating: 13 / 39

+
8
=
72

CityRealty Rating Reference

 
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
  • #10 Rated co-op - Gramercy Park
 

Carter Horsley's Review

Carter Horsley's Building Review
"Sage House is an extremely handsome, pre-war office building that was erected in 1912 for the Russell Sage Foundation at 4 Lexington Avenue on the southeast corner at 22nd Street. 

It was sold in 1949 to Catholic Charities and in 1975 it was converted to residential use. " Read Carter's Full Review
Pros
  • Architecture masterpiece
  • Sidewalk landscaping
  • Some multi-level units
  • Close to Madison Square Park
  • Convenient to many restaurants
  • Excellent public transportation
  • Very close to Gramercy Park
  • Dramatic lobby
  • Doorman
  • Close to Subway
Cons
  • Many apartments
  • No fitness center
  • No roof deck

Broker & Buyer Comments

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More Neighborhood Info

Subways

  1. 6
at Park Ave 0.08 miles
  1. N
  2. R
at Broadway 0.25 miles
  1. Q
  2. 4
  3. 5
  4. L
at Broadway and 16th 0.33 miles
  1. M
  2. F
at 6th Ave 0.46 miles
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$675,000
Avg. Price
Based on 1 Sales
 

Closing History - Last 10 sales

10
Units Sold
$365K - $2.5M
Price Range
$1,133
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 447 Available for Sale
  • $1,737 Avg. Price / Ft2
  • $1,959,654 Avg. Price
  • $1,100,000 Median Price
  1. Most Expensive Rose Hill Apt PHA | $18,750,000
    Price / ft2 $4,267
  2. Least Expensive Rutherford Place Apt C11 | $199,000
    Price / ft2 $632
Not enough data available to generate chart.
  • 72 Available for Rent
  • $65 Avg. Price / Ft2
  • $4,343 Avg. Price
  • $3,000 Median Price
  1. Most Expensive Sage House Apt 15M | $19,999
    Price / ft2 $67
  2. Least Expensive 379 First Avenue Apt 2 | $1,700
    Price / ft2 $36
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 245 Total Sales
  • $1,331 Avg. Price / Ft2
  • $1,440,444 Avg. Price
  • $950,000 Median Price
  1. Most Expensive 200E21 Apt PH | $10,800,000
    Price / ft2 $2,844
  2. Least Expensive Gramercy East Apt 8M | $357,500
    Price / ft2 $894

Alternate Addresses

  • 128 East 22 Street
  • 4 Lex Avenue

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