$1,249,000 $1,295,000
Updated 2 days ago
Price drop

Gramercy North

50 Lexington Ave, 16-D

Kips Bay, Manhattan | East 24th Street & East 25th Street

4 Rooms2 Beds2 BathsCo-op

$1,249,000 $1,295,000
Maintenance$2,159

Listing Features

  • Custom Closets
  • Separate Dining Area
  • Split Bedrooms
  • Walk-in Closet
  • Oversized Windows
  • Dishwasher
  • Gourmet Kitchen
  • Microwave
  • S Steel Appliances
  • Wine Cooler
  • En Suite Bathroom
  • Stall Shower

Outdoor space and views

  • Terrace [12'x4']
  • City Views
  • East Exposure
  • North Exposure
  • South Exposure

Building Amenities

  • Full Service
  • Alarm System
  • Elevator
  • Fitness Facility
  • Health Club
  • Laundry Room
  • Pool
  • Roof Deck
  • Sauna
  • Storage

Policies

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

Property Description for 50 Lexington Ave, 16-D

Stunning Move-in perfection

Inside 50 Lexington is a beautifully renovated split 2 bedroom, 2 bathroom apartment, with excellent natural light, outdoor space, dropped lighting and stunning wide plank white oak 6 inch floors throughout.
Step inside to a well proportioned living room, sun bathed through oversized windows, to your private balcony that views the sunrise and the Chrysler building.
The kitchen features stainless appliances, a double sink, dark granite countertops, and renovated white lacquer cabinets.
The primary ensuite bedroom easily accommodates a king bed, has stunning built-in storage throughout, a walk-in California closet and sunrise views.
The renovated bath, has a stall shower combination, a 3 mirror cabinet, and an oversized basin with plenty of storage.
The second bedroom is set as an office, can be a 2nd bedroom, nursery, bunk beds, depending on what is needed.
There is an oversized window that gives plenty of light with east city sunrise views.
The 2nd bath mirrors the first, both being extremely well renovated.
A washer/ dryer can be installed with approval.

50 Lexington is a co-op building with complete condo-like bylaws, including unlimited subletting.
The maintenance is very reasonable, $2,159 which includes real estate taxes, heat, and water.
The building is pet friendly, full-time concierge, furnished roof deck that has stunning views of the city, fireworks
during the 4th of July, laundry room, and a fitness center
The neighborhood is in the middle of Manhattan, Madison Square Park, Gramercy Park,
Eleven Madison Park, Gramercy Tavern, Eataly, Whole Foods, and Trader Joe's
Many gyms, Grand Central Station, 3 bridges and multiple subway lines

The swimming pool is going to need work and is currently closed.
The seller is offering a closing credit for the remainder of the assessment of $278.69/month that ends on 11/1/2027.
Capital contribution equal to 3 months maintenance due at closing.

Listing History for 50 Lexington Ave, 16-D

Now
08/07/2026
$1,249,000 [-$46,000] [3.6%]
Price Drop by Jonathan Jossen
Corcoran
07/10/2026
$1,295,000 [-$55,000] [4.1%]
Price Drop by Jonathan Jossen
Corcoran

Building Details for 50 Lexington Ave

OwnershipCo-op
Building TypeHigh-Rise
Service LevelFull Service
AgePost-War
AccessElevator
Year Built1988
Financing Allowed80%
Floors/Apts26/182
Learn More About the Building

Transit and Citi Bike

Subway

23 St
0.13 miles
28 St
0.18 miles
23 St
0.27 miles
33 St
0.4 miles
28 St
0.41 miles

Citi Bike

Lexington Ave & E 24 St
0.02 miles
Lexington Ave & E 26 St
0.08 miles

Building Availability

APPSF
Median
Average
$1,190
$1,172,000
$1,172,000
-
$650,000
$650,000
Last 12 months
$1,146
-
-
$91
$6,500
$7,079
Last 12 months
$76
-
-

Two Beds in Kips Bay

APPSF
Median
Average
$1,552
$1,595,000
$1,722,448
$1,900
$2,175,000
$2,086,923

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: 1200715