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A blog from CityRealty (Links below will take you to the 6sqft site)
There are 5 apartments for sale in this building (last updated on Oct 8, 2021)

Sage House, 4 Lexington Avenue

Between East 21st Street & East 22nd Street

Description of Sage House

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 Facts

  • Year Built 1912
    Converted Year 1975
    Building Type Cooperative
    Neighborhood Gramercy Park
  • Total Apartments 160
    Total Floors 11
    Doorman FT Doorman
    Pets Allowed

Apartment Pricing Stats

Avg. Price / ft2
Avg. Price / ft2

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 (5)

5
Available Apts
$449K - $949K
Price Range
$913
Avg. Price / ft2
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Sage House: 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 of Sage House

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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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
$636,250
Avg. Price
Based on 4 Sales
 

Closing History - Last 10 sales

10
Units Sold
$365K - $2.5M
Price Range
$1,043
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.
  • 380 Available for Sale
  • $1,725 Avg. Price / Ft2
  • $1,967,246 Avg. Price
  • $1,024,500 Median Price
  1. Most Expensive Rose Hill, 30 East 29th Street Apt PHA | $18,750,000
    Price / ft2 $4,267
  2. Least Expensive The Gramercy House, 235 East 22nd Street Apt 1D | $275,000
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.
  • 401 Total Sales
  • $1,451 Avg. Price / Ft2
  • $1,693,810 Avg. Price
  • $1,215,000 Median Price
  1. Most Expensive The Tower at Gramercy Square Apt PH | $19,500,000
    Price / ft2 $2,790
  2. Least Expensive Gramercy East Apt 8M | $357,500
    Price / ft2 $894

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