Sage House, 4 Lexington Avenue

Co-op located in Gramercy Park, between East 21st Street & East 22nd Street

Description of Sage House at 4 Lexington Avenue

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.

Building Facts

Year Built: 1912

Converted Year: 1975

Building Type: Co-op

Neighborhood: Gramercy Park (Manhattan)

Minimum Down: 10%
Total Apartments: 160 160

Total Floors: 11

Doorman: FT Doorman

Pets: Allowed

Total Floorplans:

Apartment Pricing Stats

$1,399

Avg. Price / ft²

Apartments for Sale (3)

$97

Avg. Price / ft²

Apartments for Rent (2)

$1,221

Avg. Price / ft²

Recent Sales (3)

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 (3) View history of all units

3

Available Apts

$415K - $1.295M

Price Range

$1,399

Avg. Price / ft²

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Apartments for Rent at 4 Lexington Avenue (2) View history of all units

2

Available Apts

$3,495

Prices Start At

$97

Avg. Price / ft²

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Sage House: Rating

23

Out of 44

+

28

Out of 36

+

13

Out of 39

+

8

=

72

#9 Rated co-op - Gramercy Park

Carter Horsley's Review of Sage House

"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

"Pre-war Gramercy bldg. Bldg has 2 sections. Great location right next door to Gramercy Park Hotel"

"Landmark (2000) Full service luxury cooperative. Built circa 1912-1913. Penthouse Addition 1922-1923. Annex built 1930-1931. Grosvenor Atterbury, Architect. Converted to cooperative in 1987. 165 units. Currently 98% sold. 24 hour doorman, concierge, common laundry room, storage lockers. Flexible sublet policy on annual basis subject to board approval (renewable). Board is thorough but generally considered "easy". There is a considerable amount of paperwork involved in Purchase & Sublease Applications but over time the fees have just been increased. Prime Gramercy Park location situated near all major dining and transportation."

"Sage House was built in 1913 as the home of the Russell Sage Foundation, the philanthropic organization named in honor of the railroad tycoon, politician, and Wall Street financier. The Foundation's purpose was the study of social issues and improved living conditions in the United States. Prominent architect Grosvenor Atterbury designed the building in the style of a Florentine Renaissance palace incorporating vaulted ceilings and a red sandstone facade with carved decorative shields. The two top floors were devoted to the Foundation's social work library, one of the finest libraries of its type. The Archdiocese of New York purchased the building in 1949 to house the offices of Catholic Charities. In 1975, the building was converted to residential use."

"Stunning, Ornate Pre-war Building just north of Gramercy Park"

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Area Map | StreetView

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Subways

6

at Park Ave 0.08 miles

N
R

at Broadway 0.25 miles

Q
4
5
L

at Broadway and 16th 0.33 miles

M
F

at 6th Ave 0.46 miles

Sales History

View Full Sales History

Sales Summary - Past 12 Months

View By Apartment Sizes

Past 12 Months

$891,333

Avg. Price
Based on 3 Sales

Sage House in the News

From Great Listings What $1.2 million can buy in Gramercy Park - Kips Bay

Monday, April 1, 2024

From Future New York Price Cuts: Newly reduced sponsor listings at 108 Leonard; LES penthouse gets $5M haircut

Wednesday, March 20, 2024

Buying a pied-a-terre in NYC: Everything you need to know and 5 great examples ideal for part-time living (Aug 20, 2020)
This Week's Best New Apartment Listings from $248K (Dec 27, 2018)
New to the Market: Stunning Two-Bedroom Co-ops Listed This Week (Feb 24, 2018)
The Low Six: Fresh listings for less than $500K (Sep 15, 2017)

Alternate Addresses

128 East 22 Street
4 Lex Avenue

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Sage House, 4 Lexington Avenue

Co-op located in Gramercy Park, between East 21st Street & East 22nd Street

Description of Sage House at 4 Lexington Avenue

Building Facts

Apartment Pricing Stats

Building Amenities

Apartments for Sale at 4 Lexington Avenue (3) View history of all units

Apartments for Rent at 4 Lexington Avenue (2) View history of all units

Sage House: Rating

Architecture Rating: 23 / 44

Location Rating: 28 / 36

Features Rating: 13 / 39

CityRealty Rating Reference

Carter Horsley's Review of Sage House

Broker & Buyer Comments

Area Map | StreetView

Subways

Sales History

Sales Summary - Past 12 Months

Closing History - Last 10 sales

Pricing Comparison of Similar Buildings

Sage House in the News

Alternate Addresses

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