---
title: "7 Lexington Avenue #5E, New York City, NY 10010"
description: "7 Lexington Avenue #5E, New York City, NY 10010 — Gramercy Park, New York City, NY. Last Sold Price $640,000. Sold on 8/20/2026. Studio bed, 1 bath"
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/7-lexington-avenue-5e-ny-10010"
source: "Real Estate Rebate Team"
status: "Closed"
---

# 7 Lexington Avenue #5E, New York City, NY 10010

Gramercy Park, New York City, NY

Courtesy of Compass

## At a Glance

- **Last Sold Price**: $640,000
- **Status**: Sold on 8/20/2026
- **Beds**: Studio
- **Baths**: 1
- **Common Charges**: $1,626 / mo
- **Brokerage Fee**: Share Eligible

This listing was successfully closed and is no longer active on the market.

[Planning to sell? Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

## Photos (1)

![7 Lexington Avenue #5E, New York City, NY 10010 — photo 1 of 1](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d931aecd-2f0c-40f4-85ff-59c25b7dafea.jpg)

## Property Overview

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.

## Property Details

- **Property Type**: Condop
- **Baths**: 1
- **Rooms**: 3
- **Stories**: 12
- **Year Built**: 1951
- **Common Charges**: $1,625.78 / Monthly
- **Listed On**: Jul 24, 2025
- **Days on Market**: 422 Days

### Residence Features

- Central
- Building Washer Dryer Install Allowed
- Common On Floor
- Common Area
- Building Roof Deck
- Granite Counters
- Dishwasher
- Range
- Stainless Steel Appliance(s)
- Hardwood
- City

## Estimated Monthly Payment

**$4,862 / month**, assuming a 20% down payment ($128,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $3,236
- **Common Charges**: $1,626

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

24 apartments at 7 Lexington Avenue have recorded sales since September 2021, the most recent for $670,000 in September 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| [1-H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/7-lexington-avenue-1h-ny-10010) (Apartment) | Studio | — | $670,000 | — | September 14, 2026 | MLS |
| 5E (Apartment) | Studio | — | $640,000 | — | August 20, 2026 | MLS |
| [12F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/7-lexington-avenue-f-12F-ny-10010) (Apartment) | Studio | — | $765,000 | — | August 17, 2026 | MLS |
| 11-D (Apartment) | 1 | — | $1,275,000 | — | June 17, 2026 | MLS |
| 3H (Apartment) | Studio | — | $785,000 | — | July 30, 2025 | City record · MLS |
| 7H (Apartment) | Studio | — | $760,000 | — | June 25, 2025 | City record · MLS |
| 2E (Apartment) | Studio | — | $750,000 | — | June 12, 2025 | City record · MLS |
| PHG (Apartment) | 1 | 900 | $1,375,000 | $1,528/ft² | January 1, 2025 | MLS |
| 12G (Apartment) | — | — | $1,325,000 | — | December 13, 2024 | City record |
| 4H (Apartment) | Studio | — | $675,000 | — | November 26, 2024 | City record · MLS |
| 2A (Apartment) | 1 | 950 | $1,185,000 | $1,247/ft² | January 30, 2024 | City record · MLS |
| 7-A (Apartment) | 1 | — | $1,195,000 | — | January 10, 2024 | MLS |
| 6G (Apartment) | 1 | — | $1,100,000 | — | December 21, 2023 | City record · MLS |
| 12D (Apartment) | 1 | 953 | $1,530,000 | $1,605/ft² | November 28, 2023 | City record · MLS |
| 10C (Apartment) | Studio | — | $730,000 | — | October 30, 2023 | City record · MLS |
| 2-G (Apartment) | 1 | — | $995,000 | — | July 4, 2023 | MLS |
| 4CD (Apartment) | 3 | — | $1,940,000 | — | June 22, 2023 | City record · MLS |
| 9C (Apartment) | Studio | 640 | $738,000 | $1,153/ft² | May 4, 2023 | City record · MLS |
| 12-E (Apartment) | Studio | — | $801,000 | — | December 27, 2022 | City record · MLS |
| 6-C (Apartment) | Studio | — | $860,000 | — | July 20, 2022 | MLS |
| 8E (Apartment) | Studio | — | $750,000 | — | February 23, 2022 | City record · MLS |
| 5F (Apartment) | 2 | 1,017 | $790,000 | $777/ft² | February 17, 2022 | City record |
| 7-C (Apartment) | Studio | — | $900,000 | — | September 30, 2021 | City record · MLS |
| 4B (Apartment) | 1 | 668 | $770,000 | $1,153/ft² | September 27, 2021 | City record |

Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below.

### How this price compares

- **Last sold price**: $640,000
- **Median sold price**: $717,500
- **Difference**: -$77,500 (-10.8%)
- **Comparable sales**: 4
- **Sales from**: July 2022 – September 2026
- **Middle half of those sales**: $662,500 – $788,750

Based on studio sales at 7 Lexington Avenue.

Square footage is recorded for only 0 of these 4 sales (0%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest.

### How these sales were negotiated

- **Sale-to-list price**: 84.3% (3 sales)
- **Sold below asking**: 100% (3 sales)
- **Typical time to find a buyer**: 284 days (4 sales)
- **Typical time to close**: 74 days (4 sales)

Based on studio sales at 7 Lexington Avenue with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

### Price trend

Median sale price, co-op studio sales in Gramercy Park

| Year | Median sold price | Sales |
| --- | --- | --- |
| 2017 | $522,500 | 36 |
| 2018 | $515,000 | 31 |
| 2019 | $510,000 | 27 |
| 2020 | $505,000 | 20 |
| 2021 | $473,000 | 37 |
| 2022 | $525,000 | 60 |
| 2023 | $553,850 | 34 |
| 2024 | $528,000 | 21 |
| 2025 | $525,000 | 35 |
| 2026 YTD | $515,000 | 20 |

Based on recorded co-op studio sales in Gramercy Park. 2026 is year-to-date.

Sales data through September 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 7 Lexington Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/7-lexington-avenue)

## Price and Property History for 7 Lexington Avenue, Unit 5E

Review the recorded listing activity for 7 Lexington Avenue, Unit 5E, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $35,000, or 5.2%, on August 20, 2026
- **Originally listed**: July 14, 2025 at $800,000
- **Last sold**: $640,000 on August 20, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| August 20, 2026 | $640,000 | Sold |
| August 20, 2026 | $640,000 | Asking price reduced by $35,000, or 5.2% |
| June 2, 2026 | $675,000 | Entered contract |
| March 27, 2026 | $675,000 | Asking price reduced by $25,000, or 3.6% |
| July 14, 2025 | $800,000 | Listed for sale by Compass |

## Property Taxes

This apartment is part of a co-op that is taxed as one lot shared across 93 apartments. The corporation’s 2026 property tax bill was $1,076,644 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit.

[See the full property tax history for 7 Lexington Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/7-lexington-avenue)

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 7 Lexington Avenue

Gramercy Park · Condop

7 Lexington Avenue, New York, NY 10010

A building in Gramercy Park, currently featuring 0 active listings.

- **Year Built**: 1948
- **Active Units**: 0
- **Floors**: 12

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/7-lexington-avenue)

### Available Residences — For Sale (0)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |

### Recently Sold (2)

| Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [5E](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/7-lexington-avenue-5e-ny-10010) | Studio | 1 | — | — | $640,000 | Compass | Jul 24, 2025 | Aug 20, 2026 |
| [1-H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/7-lexington-avenue-1h-ny-10010) | Studio | 1 | — | — | $670,000 | Rose Associates Inc | Nov 18, 2025 | Sep 14, 2026 |

## Gramercy Park

Private, Exclusive, and Historic

[Explore Gramercy Park](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy-park) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

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## Related Links

- [7 Lexington Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/7-lexington-avenue)
- [Gramercy Park neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy-park)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> 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 and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.