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In Contract

Sage House, 4 Lexington Avenue, #1R

$425,000 | Studio, 1 bath
View Full Building Profile  | 
43 days on Market

Key Details

  • Listed: Mar 16, 2024
    Days on Market: 43
    Building Type: Cooperative
    Neighborhood: Gramercy Park (Manhattan)
    Doorman: FT Doorman
    Listing viewed 930 times
Monthly Maintenance: $1,070
Est. Monthly Mortgage: $2,641
Total Est. Monthly Carrying Cost: $3,711
Note: the above is based on a down payment of 10% ($42,500), which is the minimum amount permitted by the building.

Description

Rare opportunity to purchase a LIVE/WORK-FRIENDLY studio in Flatiron/Gramercy’s historic, full service Sage House, Perfect either as a primary residence, a pied-a-terre, or as an office/commercial space -- a therapist’s office; a design, photography, or artist’s studio; or simply as a serene office space outside of your own home. This turn-key studio features a full, renovated kitchen with granite countertops and breakfast bar, a full-size refrigerator, a Fridgidaire dishwasher, a four-burner gas stove and oven, and lovely wood and glass cabinets. Unique architectural details include an alcove framed in bronze, as well as a bronze front door and radiator covers.

The nine-foot ceilings lend an airy feel to the studio, as do the 3 windows, which face the street. There are beautiful white oak floors throughout and three closets. The renovated, classic black-and-white bathroom has a deep soaking tub and a shower. Sage House, designed in the Italian Renaissance palazzo-style by Grosvenor Atterbury and built in 1912 from rough-cut red sandstone, is a landmarked coop which has a grand, double-height lobby.

The coop has a 24-hour doorman, a resident super, a common laundry, a bicycle room, and private storage. It allows pets, pieds-a-terre, parents buying for employed children, co-purchasing, and gifting, as well as unlimited subletting (with Board approval) after one year of ownership and maximum 80% financing. Located one block from Gramercy Park and minutes from Madison Square Park, Union Square, Eataly, Flatiron, NoMad, and some of the best restaurants, bars, and cafes in the city.

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Apartment Amenities

  • Northern Exposures

Listing Agent (Seller's Representative)

Listing courtesy of Compass

Pricing History

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About Sage House, 4 Lexington Avenue

72

Sage House, 4 Lexington Avenue has received a CityRealty Rating of 72, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

23
Out of 44
+
28
Out of 36
+
13
Out of 39
+
8
=
72
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
Some 0 out of 1 points

Features Rating: Points Breakdown

Lobby:
Stunning 5 out of 5 points
Units Per Floor:
10-15 1 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • Conversion Year: 1975
  • FT Doorman
  • High-Rise
  • Pre War
  • Resident Storage
  • Washer/Dryer in building
  • Elevator
  • Bike Room
  • Live-In Superintendent

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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
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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

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