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Sage House, 4 Lexington Avenue, #8C

$949,000 ($791 per ft2) | 2 beds, 1.5 baths | Approx. 1,200 ft2
200 days on Market

Key Details

  • Listed: Mar 21, 2022
    Days on Market: 200
    Building Type: Cooperative
    Neighborhood: Gramercy Park (Manhattan)
    Doorman: FT Doorman
    Listing viewed 944 times
Monthly Maintenance: $2,623 ($2.19/ft2)
Total Taxes & Fees: $2,623 ($2.19/ft2)
Est. Monthly Mortgage: $5,619
Total Est. Monthly Carrying Cost: $8,242 ($6.87/ft2)
Note: the above is based on a down payment of 10% ($94,900), which is the minimum amount permitted by the building.

Description

Ultra-rare opportunity, this unique and majestic 2-bedroom duplex apartment, boasts an open-concept layout with abundant east-facing light. It is in estate condition, providing the perfect opportunity for a discerning buyer to reimagine and transform it into their dream home. The Sage House is a hidden gem in one of the most beautiful historical buildings in the heart of Gramercy Park. Entertain in comfort in the inviting kitchen that opens into the sunny living and dining room to seamlessly connect all the spaces.

A nice powder room completes the lower level. The double height 11’5" – 12’5" lofty ceilings await you as you walk up the winding staircase to the second floor, making this apartment feel both bright and spacious. Located the end of the hallway, is the king-size master bedroom and spacious second bedroom that both have two beautifully arched bright east-facing windows.

There is also a nice separate full bathroom off both bedrooms and an upstairs second entrance. Besides Gramercy Park, The Sage House is two-and-a-half blocks from Madison Square Park and convenient to nine subway lines, as well as the city’s best restaurants, Fotografiska (the largest photography museum in the world) and Union Square Greenmarket. 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 facade 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.

Friendly co-op board, sublets, pied-a-terres, gift of funds, and pets allowed. The building also allows up to 80% financing and has a liberal subletting policy available after 1 year of ownership with board approval. Please Note: showing hours are Monday-Friday 9:30am-5:30pm, Saturday & Sunday 11:00am-3:00pm, great for every shareholder.

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Apartment Amenities

  • Eastern Exposures

Listing Agent (Seller's Representative)

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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
  • Co-op
  • Built in 1912
  • 160 Apartments
  • 11 Floors

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

Other Apartments Available in this Building (4)

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Listing provided courtesy of Serhant