1065 Lexington Avenue
1065 Lexington Avenue, New York, NY 10021
Lenox Hill, Upper East Side
BBL 1014107502 · BIN 1043143
- Year built
- 1925
- Type
- Condop
- Units
- 26
- Floors
- 11
- Landmark
- No
- Pets
- Pets permitted per listing records; confirm the house rules with the managing agent
- Flip tax
- 2.5% of the sale price, per the audited financial statements on file. Sales by the designated holder of unsold shares are excluded
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 3BR median
- $2M
- Recent range
- $425K – $2.5M
- Listing discount
- 5.5%
- Recorded transfers
- 34
Two things define this building, and one of them is invisible from the street.
The visible one is the architecture. Rouse & Goldstone designed 1065 Lexington in 1925 for the Veston Realty Corporation, and the firm built the elevation on the classical tripartite scheme it used across its Upper East Side work: a three-story limestone base, a seven-story shaft of red brick laid in Flemish bond with grey highlights, and a one-story capital detailed in limestone. The entrance is the set piece — a round-arched opening with a molded limestone surround carried on engaged Corinthian pilasters, foliate and floral carving in the reveals, wood-and-glass double doors under a leaded fanlight. The building replaced three of a row of five brownstone-front tenements from the mid-1880s, and the LPC designation report records that the developer took a long-term lease on the two surviving tenements immediately to the south specifically to guarantee that the new building's southern exposure could never be built out. Early advertisements in The New York Times sold the building on exactly that promise. A century later the promise still holds, and the light on the south-facing lines is the direct commercial consequence of a 1925 lease.
The invisible one is the ownership structure, and it is the single most important thing a buyer needs to understand here. In July 1990 the sponsor recorded a condominium declaration that split the property into two condominium units: a residential unit and a commercial unit. The cooperative corporation, 1065 Lexington Avenue Corp., owns the residential unit. The apartments inside it are cooperative shares with proprietary leases. This is a condop — a co-op wrapped inside a condominium — and it produces a specific economic arrangement: under the condominium's allocation, the residential co-op carries 75 percent of building operating expenses other than real estate taxes, and the commercial unit carries 25 percent. That split is fixed by the condominium documents, not renegotiated annually, and it is the reason the co-op's operating budget looks smaller than the building's actual cost of operation.
The third thing worth knowing is the composition of the apartments themselves. When the building opened, its units were mostly six- and seven-room layouts with three baths, plus a number of eight-room apartments with four baths. LPC's own analysis notes that the present count of residential units indicates little if any subdivision in the intervening century. That is unusual. Most prewar Lexington Avenue buildings of this vintage were carved down through the middle of the twentieth century; this one largely was not. Buyers are looking at close to original room counts on a floor plate that was drawn for a different era of domestic scale.
Architecture and unit composition
The building occupies an interior lot with one primary elevation on Lexington Avenue and two partially visible secondary elevations. Four symmetrical bays run from the second through the eleventh story, with wider paired-window openings at the outer bays through the shaft. Two physician's apartments originally located on the first story were converted to stores in 1947, which is the origin of the ground-floor commercial space that later became the building's separate condominium unit.
Apartments run roughly two to a floor, with penthouse units above. Room counts are generous by contemporary standards and layouts have survived largely intact. Because the building predates the postwar convention of continuous exterior masonry replacement, condition varies materially by line and by the extent of individual renovation — the practical implication is that comparable analysis at 1065 Lexington is a room-count-and-condition exercise, not a square-footage exercise. Exposures matter more than usual: the south-facing lines carry the protected light the developer bought in 1925, and they price accordingly.
Ownership structure and building operations
The condop structure has four consequences a buyer should model directly.
A purchase here is a share purchase. Board approval, a full financial package, references and an interview all apply. Financing is share-loan financing, not a mortgage on real property, and the co-op's financing limits should be confirmed with the managing agent before an offer is written — they are not documented in the records reviewed.
There is an underlying mortgage, and it has a maturity. The audited statements on file show an interest-only underlying loan on the cooperative, refinanced through the 2010s and again in the middle of the last decade, with a companion capital-improvement line of credit secured by the corporation's property. City records show the underlying financing was modified again in the spring of 2026. A buyer should ask for the current principal balance, rate and maturity date, because a maturing underlying mortgage on a 26-apartment building is a small denominator absorbing a large number.
Reserves are thin by design, not by accident. The sponsor established a restricted reserve fund at conversion that may be spent only on capital repairs and improvements necessary to health and safety, and the corporation's governing documents impose no other requirement to accumulate funds. No reserve study has been conducted. The board's stated approach when capital funds are needed is to draw on the line of credit or levy a special assessment, decided case by case. That is a defensible posture in a small building with a low-volatility capital program, but it means a buyer should read the most recent financials and board correspondence rather than assume a cushion exists.
A holder of unsold shares has been a significant presence. In August 2004 the original sponsor conveyed its unsold residential shares and the commercial condominium unit to a successor entity, which was designated the holder of unsold shares. As of the audited statements on file, that entity held roughly 29 percent of the residential apartments along with the commercial unit. The recorded share-transfer history since then shows steady individual resales, so the current position is likely smaller — but the exact number is a diligence question, because a concentrated holder affects board composition, financing eligibility for some lenders, and the building's exposure if that holder's circumstances change.
Policy framework
Flip tax: 2.5% of the sale price, per the audited financial statements on file. This is a meaningful seller cost and should be modeled into net proceeds from the first pricing conversation.
Board approval and interview: Required, with a full purchase application, contract, financing commitment letter, employment and bank verification, references, and a net worth statement. Processing and credit-check fees apply at application, with additional fees at closing.
Pets: Permitted per listing records.
In-unit washer/dryer: Permitted per listing records.
Landmark constraints: Because the lot is inside the Upper East Side Historic District Extension, exterior work — windows, storefront, façade, rooftop additions visible from the street — requires Landmarks Preservation Commission review in addition to Department of Buildings approval. That applies to the building's capital program and to any owner alteration touching the exterior envelope.
Subletting, pied-à-terre, financing ceiling and minimum down: Not documented in the records reviewed. Verify with the managing agent at offer stage rather than assuming a default.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $31,919/yr
- Per unit / month range
- $0 – $99
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Recent sales
The recorded transaction record here reads as a functioning, individually owned cooperative: apartments have transferred steadily to separate, unrelated purchasers over the past two decades, across the full range of lines and floors including both penthouses. Estates and trusts appear regularly among sellers, which is characteristic of a long-hold prewar building where original and second-generation owners have been in place for decades.
Pricing at 1065 Lexington is best read per room rather than per square foot, as it is across the prewar cooperative stock. The variables that move price here are exposure — the protected southern light is the building's structural advantage — floor, room count, and the extent of renovation, which varies widely in a building with almost no forced modernization in its history. The 2.5% flip tax and the underlying mortgage position belong in any seller's net-proceeds analysis and any buyer's carrying-cost analysis, respectively.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent transfers at this building, curated by The Roebling Team research desk. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 6, 2026 | PHA | 2 BR · 1 BA · 1,000 sf | $1,350,000 | $1,350/sf | -24.8% |
| Dec 15, 2025 | 11E | 1 BR · 1 BA | $425,000 | -5.6% | |
| Jan 3, 2025 | 8B | 3 BR · 2 BA | $2,175,000 | -4.4% | |
| Dec 20, 2024 | 11A | 3 BR · 3 BA | $2,000,000 | -19.8% | |
| Dec 9, 2024 | 7B | 2 BR · 3 BA · 1,625 sf | $1,500,000 | $923/sf | +3.4% |
| Jul 2, 2024 | 9A | 4 BR · 3 BA | $2,550,000 | -7.3% | |
| Apr 29, 2024 | 6B | 3 BR · 2 BA · 1,632 sf | $1,750,000 | $1,072/sf | -5.4% |
| May 26, 2022 | 3B | 2 BR · 2 BA | $1,725,000 | -1.4% |
Market read. Most recent trades (2026) cleared a median $1,350/sf across 1 sale. Median listing discount 4.2% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Nov 14, 2003 | PHB | $565,000 |
| Oct 15, 2003 | 3B | $1,795,000 |
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01410-7502) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
Confirm the structure before you underwrite. This is a co-op, not a condominium, notwithstanding that a condominium declaration governs the building. Some data sources classify the property as a condominium because the tax lot is a condominium billing lot. It is not one for purposes of how you buy, finance, or resell an apartment here.
Ask for the current underlying mortgage terms. Balance, rate, amortization or interest-only status, and maturity date. On a building of this size, the underlying debt per apartment is the number that matters.
Ask for the current holder-of-unsold-shares position. How many apartments, who holds the commercial unit, and whether the board has any standing arrangement with that holder.
Read the condominium allocation. The 75/25 expense split between the residential and commercial units is the mechanism that sets your maintenance. Confirm it has not been amended and that the commercial unit is current on its share.
Budget for landmark review on any exterior work. Window replacements and anything touching the façade go through LPC.
Comparable buildings
If you're considering 1065 Lexington Avenue, also evaluate:
- 1068 Lexington Avenue — the immediate neighbor on the same tax block; a larger postwar cooperative that also sits on a condominium billing lot
- 1056 Lexington Avenue — 1962 elevator cooperative one block south; the postwar alternative at the same address quality
- 103 East 75th Street — 1913 prewar cooperative on the same block; a comparable small prewar share purchase
- 829 Park Avenue — 1911 Park Avenue cooperative on the same tax block; the prewar co-op tier one avenue west
- 823 Park Avenue — eleven-residence condominium conversion on the same block; the deeded-ownership alternative at boutique scale
- 188 East 76th Street — 1996 condominium a block away; contemporary construction and full condominium flexibility
- 1349 Lexington Avenue — 1922 Lexington Avenue cooperative in Carnegie Hill; a close prewar analogue further north
- 115 East 87th Street — Carnegie Hill condominium alternative for buyers weighing tenure against location
- 114 East 90th Street — 1925 prewar cooperative of similar vintage and scale in Carnegie Hill
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Upper East Side — read The Roebling Team Guide to Upper East Side.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent.
Considering a move at 1065 Lexington Avenue?
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A Private Pricing Opinion — what your apartment at 1065 Lexington Avenue would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.