7 Lexington Avenue, Unit 5E

The Park Gramercy
Gramercy

$675,000
Price
Studio
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Listed By Compass
Listed By Compass
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and a large mirror
a living room with furniture and a potted plant
a living room with furniture and a rug
a view of a livingroom with furniture and wooden floor
a view of a livingroom with furniture and chandelier
a bedroom with a bed and a lamp
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a kitchen with granite countertop a sink a stove and a wooden cabinets
a kitchen that has a sink and a stove in it
a kitchen with granite countertop a sink stove and cabinets
a living room with furniture a flat screen tv and a large window
a bedroom with a bed and a window
a living room with furniture and a window
a bathroom with a glass shower door
a bathroom with a sink vanity tub and shower
a large white room with a large window and furniture
a view of gallery with windows
a building view
a view of a tall building next to a road
a picture of a book and a white wall

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.

Amenities

  • Full-Time Doorman
  • Common Roof Deck
  • Hardwood Floors
  • Elevator
  • Laundry in Building
  • Air Conditioning
  • Dishwasher
  • Stainless Steel Appliances
LISTING UPDATED: 04/23/2026 05:37 PM

Property Details for 7 Lexington Avenue, Unit 5E

StatusActive
Days on Market293
Taxes-
Maintenance$1,626 / month
Min. Down Pymt10%
Total Rooms3.0
Property TypeCondop
MLS Type-
Year Built1951
CountyNew York County
Buyer's Agent Compensation2.5%

Building

The Park Gramercy

93 Units12 StoriesBuilt in 1951
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of: .

Add your commute

Building Information for 7 Lexington Avenue, Unit 5E

Building/ComplexThe Park GramercyFloor5Stories12Residences93Pet PolicyAllowedPet Policy Details-Year Built1951Building AgePost-war

Payment Calculator

Get preapproved with Rocket Mortgage1

$5,450 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,824

Property Taxes

$0

Maintenance/Common Charges

$1,626

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property History for 7 Lexington Avenue, Unit 5E

DateEvent & SourcePriceAppreciationLink
Mar 27, 2026

Price Change

Manual

$675,000——
Jan 15, 2026

Price Change

Manual

$700,000——
Nov 18, 2025

Price Change

Manual

$750,000——
DateEvent & SourcePrice
03/27/2026

Price Change

Manual

$675,000
01/15/2026

Price Change

Manual

$700,000
11/18/2025

Price Change

Manual

$750,000

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

Public Records for 7 Lexington Avenue, Unit 5E

Taxable ValueLand-Additions-Total-
Home Facts
APN1008770067

Schools near 7 Lexington Avenue, Unit 5E

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
P.S. 40 Augustus St.-Gaudens
Public - PK to 5
Nyc Lab Ms For Collaborative Studies
Public - 6 to 8
Lower Manhattan Community Middle School
Public - 6 to 8
Jhs 104 Simon Baruch
Public - 6 to 8
Rating
School
Distance
P.S. 40 Augustus St.-Gaudens
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 104 Simon Baruch
Public6 to 8

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.
Gramercy Guide

Neighborhood Map and Transit

Similar Homes

Explore Nearby Homes

More information about 7 Lexington Avenue, Unit 5E, Gramercy

7 Lexington Avenue, Unit 5E is a condop for sale in Gramercy. This property was listed for sale on July 24, 2025 by Compass, it's currently listed at $675,000. It has been on the market for a total of 293 days and was last sold on September 14, 2011. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 40 Augustus St.-Gaudens, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 7 Lexington Avenue, Unit 5E is a 0-bed, 1-bath, condop built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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.