$750,000
Updated 10 years ago
Sold

61 Lexington Ave, 1-G

Kips Bay, Manhattan | East 25th Street & East 26th Street

4 Rooms2 Beds1 BathCo-op

$750,000
Maintenance$427

Listing Features

  • Abundant Closets
  • Dining Alcove
  • Ground Floor
  • Home Office
  • Live/Work
  • Oversized Windows
  • Dishwasher
  • Open Kitchen
  • S Steel Appliances
  • Marble Bathroom

Outdoor space and views

  • East Exposure
  • South Exposure

Building Amenities

  • Voice Intercom
  • Elevator
  • Laundry Room

Policies

  • Pets Allowed. Case by Case
  • Pieds A Terre Ok

Property Description for 61 Lexington Ave, 1-G

An extremely rare opportunity to buy a spacious two-bedroom live/work apartment in Gramercy Park, this newly-available unit is the lowest-priced commercial condo in the neighborhood. With very low monthlies?$427 carrying charges; $544 taxes?and permission to rent from day one with no board approval required, this is a perfect investment opportunity or a chance to move in and make it your home immediately. This premier building is at the vibrant crossroads of Kips Bay and Gramercy Park. All the attractions of Midtown Manhattan living are within walking distance, while the serene setting is at the corner of 25th Street, closed here to vehicular traffic. This 2-bedroom, 1-bath condo is on the second floor of the pet-friendly elevator building and features gleaming bamboo floors throughout. The open-plan living/dining room is spacious enough for a variety of setups to suit your taste, while an alcove nook is the prefect home office space. The open kitchen is outfitted with granite counters, stainless steel appliances including a dishwasher, an artful tile backsplash, and plenty of cabinet space. The queen-size master bedroom and full-size guest bedroom both have ample closet space, and the newly renovated marble bathroom features a sleek contemporary design scheme. This is a cooperative building from the third floor and above, so this unit is one of only a few live/work commercial condos in this building. The open rental policy permits short-term rentals without board approval; pieds-a-terre, co-purchasers and gifting are allowed. Madison Square Park is just a few short blocks away, along with many of the city's most acclaimed restaurants, and the 6 train is a short stroll from your front door. This must-see property is priced for a quick sale

Listing History for 61 Lexington Ave, 1-G

Now
06/13/2016
Sold and Closed by Bridget Harvey
Douglas Elliman
03/11/2016
Contract Signed by Bridget Harvey
Douglas Elliman

Building Details for 61 Lexington Ave

OwnershipCo-op
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessElevator
Year Built1980
Financing Allowed90%
Floors/Apts7/40
Learn More About the Building

Transit and Citi Bike

Subway

28 St
0.16 miles
23 St
0.17 miles
23 St
0.3 miles
33 St
0.37 miles
28 St
0.42 miles

Citi Bike

Lexington Ave & E 24 St
0.05 miles
Lexington Ave & E 26 St
0.05 miles

Contact Agent

Contact Agent

Bridget Harvey
Douglas Elliman

Kips Bay | Manhattan

Quick Profile

If you take a walk through Kips Bay, which is loosely defined as the area between 23rd street and 34th street and the East River to almost Lexington, you’ll quickly learn it's a hodgepodge of sorts and not as well defined as other neighborhoods in New York City. Some New Yorkers say Kips Bay has an identity crisis because 1st, 2nd, and 3rd avenues are distinctly different from one another as you traverse them. Despite the perceived lack of neighborhood vibe there are others that appreciate its affordability and convenience.  

First Avenue is dominated by hospitals and hospital buildings such as NYU Medical Center and Bellevue Hospital to name a few. Second Avenue is a mosaic of convenience stores, fast food joints and nondescript brick buildings. Third Avenue is saturated with small bars and gastropubs and the twenty somethings that patronize them. 

No judgement against Kips Bay here. It’s a great neighborhood that is just as much a part of New York City as any other neighborhood. Kips Bay It’s bordered by Murray Hill to the North, Stuyvesant Town and Gramercy Park to the South, and Rose Hill to the West. The neighborhood is partly defined by newer high-rise apartments, brick rowhouses, and former tenement buildings. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 138163