NYC Life NYC Real Estate

Hot Deal: Just-Listed Gramercy Park Studio Asking $429K

A studio just became available on the second floor of The Sage House, a co-op building on the north side of Gramercy Park, perched on the corner of Lexington Ave and East 22nd Street.

While studios are notoriously cramped, this one is genuinely spacious. Given the bedroom’s windows and total separation from the living room via French doors, it could even be considered a one-bedroom by many New Yorkers’ standards.

The floor plan for #ML at 4 Lexington Avenue. Because this is a co-op building, measurements are approximate.

Featuring a sunken living room with beamed ceilings, a separate bedroom with French doors and a compact kitchen and breakfast bar, the pet-friendly studio is asking $429K. At a price well below half of Gramercy Park’s median sale asking price of $1.1M, StreetEasy users have taken notice. After just four days on the market, it’s been saved by 133 users.

The co-op maintenance fees are $853/month and includes taxes, heat, hot water and cooking gas. Plus, it’s allowed to be used as a pied-à-terre, which is a rarity in the world of co-ops.

Interested? Then head to the apartment’s first (!) open house on Sunday between 11:30 a.m. and 1:30 p.m. and get to prepping for your co-op board interview!

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