1 Lexington Avenue, #8/9CD, New York (Gramercy Park), NY, 10010 | $8,495,000

Located in one of Gramercy Park's most distinctive prewar cooperatives, One Lexington Avenue, this expansive 5-bedroom, 3. 5-bathroom duplex home with a terrace and 10' ceilings has been beautifully renovated with all new Pella windows and Lutron smart home lighting throughout. This very rare and extremely well-proportioned layout wraps two corners with rooms that flow seamlessly into one another. The apartment features one of just a few terraces within the building with views of Gramercy Park.

A gracious entry gallery with a handsome staircase leads to the public rooms of the apartment. The elegant corner living room is crowned with a wood-burning fireplace and pocket doors opening to library on one side and an elegant formal dining room on the other side. The impressive formal dining room creates a beautiful center piece in the home and opens to a 3' X 14' terrace with charming eye-catching views of Gramercy Park. The oversized eat-in windowed kitchen is complete with marble and walnut countertops and top-of-the-line Miele appliances with separate Subzero wine refrigerator. There are two bedrooms on the main level - an oversized 23' bedroom with a large walk-in closet, dressing area, with its own separate entrance and a smaller corner bedroom - both share a beautifully tiled and windowed bath in between. The upper level of the duplex includes three bedrooms. The primary bedroom suite includes a walk-in closet, luxuriously appointed marble and tile bath with oversized spa, modeled after a Turkish bath with arched tiled ceiling, steam and radiant heat floors, marble slab seating area, plus soaking tub and shower combination. There are two additional bedrooms, one on a corner, sharing a stylishly tiled and windowed bath with stall shower and radiant heat floors. This delightfully proportioned home is complete with 10' ceilings throughout, meticulous oak herringbone wood floors in the public rooms and hardwood floors in the bedrooms, a combination of new central air-conditioning and new PTAC thru-wall air-conditioning all connected on Nest smart home thermostats, laundry and a powder room on the main level for guests.

With only 21 residences, One Lexington Avenue, built in 1910 by the famed architect Herbert Lucas, is one of Gramercy Park's most prestigious full-service doorman cooperatives with live-in resident manager. The building's electric was fully replaced in 2021, Local Law 11 and roof replacement was completed in 2023, lobby and common areas updated in 2024 and was rated A/96 in energy efficiency in 2025. Amenities include private storage for each apartment with additional storage for rent, additional basement laundry, bike storage. The apartment is delivered with a key to Gramercy Park - a two-acre park located in the Gramercy Park Historic District and one of only two private parks in New York City. Financing is allowed up to 65%.

Ongoing Quarterly Assessment of $410 billed in January, April, July and October of each year.

Features

  • Town: New York
  • Cooling: Unknown Type
  • Levels: 12
  • Amenities: Bike Room; Laundry Room; Private Storage;
  • Rooms: 9
  • Bedrooms: 5
  • Baths: 3 full / 1 half
  • Laundry: Other
  • Year Built: 1910
  • Pet Policy: Pets Allowed
  • Washer/Dryer Allowed: Yes
  • Washer / Dryer: Yes
  • Balcony: Yes
  • Terrace : Yes
  • Building Access : Attended Elevator
  • Service Level: Full Time Doorman
  • Doorman: FullTime
  • OLR#: RLS20067059
  • Days on Market: 140 days
  • Website: https://www.raveis.com
    /prop/RLS20067059/1lexingtonavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Corcoran Group

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NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

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1 Lexington Avenue, #8/9CD, New York (Gramercy Park), NY, 10010

$8,495,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $6,796,000 $6,796,000 $6,796,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $38,056 $41,293 $56,891
Total Monthly Payment $38,181 $41,418 $57,016

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.