7 Lexington Avenue, Unit 5E

Sold 8/20/26
Sold 8/20/26
Gallery Image 1
Sold
Last Sold Price
$640,000
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Studio beds

7 Lexington Avenue, Unit 5E, Gramercy, Manhattan, NY 10010

Building Info: The Park Gramercy, 12 stories, Built 1951

Description

Investor-Friendly Gramercy Opportunity – Immediate Subletting Permitted
Welcome to Residence 5E at Park Gramercy, a rare opportunity to acquire a turnkey studio in a highly desirable, investor-friendly building in the heart of Gramercy.
Unlike many Manhattan co-ops, this building allows immediate subletting after purchase, offering flexibility for investors seeking rental income from day one or buyers looking for a future primary residence with income potential.
This well-proportioned studio features...Investor-Friendly Gramercy Opportunity – Immediate Subletting Permitted

Welcome to Residence 5E at Park Gramercy, a rare opportunity to acquire a turnkey studio in a highly desirable, investor-friendly building in the heart of Gramercy.

Unlike many Manhattan co-ops, this building allows immediate subletting after purchase, offering flexibility for investors seeking rental income from day one or buyers looking for a future primary residence with income potential.

This well-proportioned studio features soaring beamed ceilings, hardwood floors, and a thoughtfully designed raised platform that maximizes functionality—ideal for efficient living and strong rental appeal. The kitchen is outfitted with stainless steel appliances, granite countertops, and slate flooring, while the layout includes three closets and a separate dressing area, a rare and valuable feature for tenants.

Gramercy Park continues to be one of Manhattan’s most sought-after rental markets, driven by its central location, charming streets, and proximity to top dining, shopping, and multiple subway lines—ensuring consistent tenant demand and long-term value stability.

Residents of Park Gramercy enjoy full-service amenities including a 24-hour doorman, landscaped roof deck, bike storage, and additional storage, enhancing both tenant experience and rental competitiveness.

Whether you’re building a portfolio or securing a flexible pied-à-terre with income potential, Residence 5E presents a compelling opportunity in a location that consistently performs.
Co-opProperty Type
1951Year Built
$1,626/moMaintenance
Pets welcomePet policy
Listing closed: 08/20/2026 12:00 AM

Amenities

7 Lexington Avenue, Unit 5E

  • Full-Time Doorman
  • Common Roof Deck
  • Hardwood Floors
  • Elevator
  • Laundry in Building
  • Air Conditioning
  • Dishwasher
  • Stainless Steel Appliances

Location

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$5,470 per month

Principal and Interest

$3,844

Maintenance/Common Charges

$1,626

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Property information

7 Lexington Avenue, Unit 5E

Property Details

  • Min. Down Pymt: 10%
  • Total Rooms: 3.0

Building Information

  • Building/Complex: The Park Gramercy
  • Floor: 5
  • Stories: 12
  • Residences: 97
  • Pet Policy: Allowed
  • Year Built: 1951
  • Building Age: Post-war
  • Building Type: Midrise

Property History

7 Lexington Avenue, Unit 5E

DateEventPriceLink
Aug 20, 2026

Sold

Manual

$640,000
—
Aug 20, 2026

Sold (Public Record)

ACRIS #2026090300191001

$640,000
Jun 2, 2026

Contract Signed

Manual

—
—
DateEventPrice
08/20/2026

Sold

Manual

$640,000
08/20/2026

Sold (Public Record)

ACRIS #2026090300191001

$640,000

+1.3% / yr

06/02/2026

Contract Signed

Manual

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

7 Lexington Avenue, Unit 5E

APN

1008770067

Schools

Near 7 Lexington Avenue, Unit 5E

This home is within New York City Geographic District # 2.

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Gramercy
Gramercy
A quiet haven for high society. Gramercy can be embracing in its cozy village charm. While you might not have a key to the members-only Gramercy Park, the rest of the neighborhood is a warm and inviting place to call home.
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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 7 Lexington Avenue, Unit 5E, Gramercy
$640,000
Studio
–
–
7 Lexington Avenue, Unit 12E, Gramercy
$801,000
Studio
–
–
7 Lexington Avenue, Unit 4B, Gramercy
$770,000
Studio
1
–
–
7 Lexington Avenue, Unit 5B, Gramercy
$625,000
Studio
1
–
–
7 Lexington Avenue, Unit 11F, Gramercy
$520,000
–
–
–
–
7 Lexington Avenue, Unit 8FG, Gramercy
$2,295,000
2
–
–

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.