Cooperative · 1961
1223 Lexington Avenue
1223 Lexington Avenue, New York, NY 10028
Buildings·Cooperative

1223 Lexington Avenue

1223 Lexington Avenue, New York, NY 10028

At a glance
Year built
1961
Type
Cooperative
Landmark
No
The Data Room

Every recorded sale at this building, 2003–2025

Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.

2BR median
$1.1M
Recent range
$828K – $2.9M
Listing discount
13.8%
Recorded transfers
77

1223 Lexington Avenue is a quintessential Upper East Side post-war cooperative: a full-service, 16-story elevator building completed in 1961 at the center of one of Manhattan's most convenient residential neighborhoods. It belongs to the generation of doorman buildings that gave the East Side its dependable, low-maintenance apartment stock — and its appeal is exactly that practicality.

The case for a building like this is lifestyle and value rather than architectural pedigree. 1223 Lexington sits in the heart of the East 80s, where everything a resident needs is within a block or two: the Lexington Avenue subway at 86th and 77th Streets, the crosstown bus, the neighborhood's deepest concentration of restaurants, cafés, groceries, and pharmacies, and Central Park a short walk west. For buyers who prioritize a doorman, an elevator, and an unbeatable location over pre-war ornament, this is the kind of building that delivers.

For buyers, it is full service and convenience at sensible East Side co-op pricing. For sellers, the location, the staffing, and the efficient post-war layouts are the marketable strengths.

Architecture and unit composition

1223 Lexington is a representative post-war white-brick apartment house — a clean, unornamented 16-story facade designed for function and light rather than display. Buildings of this type prioritized larger windows, efficient elevator cores, and rational floor plans, and the result is bright, practical apartments and dependable systems.

The 60 residences run the post-war range from studios and one-bedrooms to larger two- and three-bedroom homes, with the straightforward layouts and good light that define the era. Ceilings are lower than the pre-war stock but the windows are larger and the maintenance burden is lighter. Renovated apartments with updated kitchens and baths command the premium within the building, as buyers respond to move-in-ready condition in this segment.

Building operations

This is a full-service cooperative with a full-time doorman, an attended lobby, elevator service, and a live-in superintendent. Amenities are practical — central laundry and storage — in keeping with a building whose value rests on its service, its location, and its reliable post-war systems rather than on a resort-style amenity package.

The cooperative is professionally managed and governed in the steady manner typical of an established post-war co-op. Prospective purchasers should expect a standard board package and personal interview; sublet policy, financing limits, pet rules, and any flip tax or transfer fee are set by the board and confirmed through the cooperative's documents during the application process.

Local Law 97

Carbon-penalty exposure
🟠
Material — penalties in current period, escalating in 2030
2024–2029 annual penalty
$36,172/yr
2030–2034 annual penalty
$131,006/yr
Per unit / month range
$50 – $182
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
SWARMP
What this means for you

Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.

Inspection history
2005–10
SWARMP
2010–15
Safe
2015–20
SWARMP
2020–25
SWARMP
2025–30
Due
Next report due
by Feb 2029
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

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.

See the full facade history →

Recent sales

Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.

DateUnitApartmentPricePPSFvs. Ask
Nov 20, 20258/9C
3 BR · 2.5 BA · 1,750 sf
$2,600,000$1,486/sf-5.5%
Jun 25, 20254D
2 BR · 1.5 BA
$1,150,000+5.0%
Dec 23, 20244A
3 BR · 3 BA · 2,065 sf
$2,155,000$1,044/sf-13.8%
Oct 19, 2023PHA
3 BR · 2.5 BA
$2,500,000-3.7%
Jun 30, 20232E
2 BR · 1.5 BA
$827,500-2.6%
May 23, 202314A
3 BR · 2.5 BA
$1,998,750-20.1%
Feb 3, 202214B
2 BR · 2.5 BA · 1,577 sf
$1,700,000$1,078/sf-12.8%
Oct 25, 20217DE
4 BR · 3.5 BA · 2,410 sf
$3,238,500$1,344/sf+2.0%

Market read. Most recent trades (2024) cleared a median $1,144/sf across 1 sale. Median listing discount 3.9% 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.

7DE · 2,410 sf+133%
$1,390,000 ($577/sf) $3,238,500 ($1,344/sf) 2021
4A · 2,065 sf+116%
$998,000 ($483/sf) 2017$2,155,000 ($1,044/sf) 2024
11A · 2,000 sf+84%
$1,550,000 ($775/sf) 2003$2,600,000 ($1,300/sf) 2019$2,850,000 ($1,425/sf) 2025
15D+73%
$750,000 2004$1,300,000 2021
10D · 1,000 sf+73%
$569,000 ($569/sf) 2004$986,000 ($986/sf) 2016

Other recent transfers

DateUnitPrice
Jun 24, 20258D$995,000
Feb 18, 202511A$2,850,000
Dec 2, 202115D$1,300,000
Jul 21, 20215B$1,150,000
Oct 24, 20175A$2,500,000
Jun 9, 201712A$980,000
View all 77 recorded transfers, sortable

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 1-01512-0123) 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

This is an efficient post-war co-op purchase. Plan for a board package and interview, and direct diligence at the apartment — light, layout, the condition of the kitchen and baths, and any prior renovation — alongside the cooperative's reserves, recent capital projects, and maintenance trend.

The location is the headline. Few buildings in Manhattan offer this density of everyday convenience: the Lexington Avenue subway lines at 86th and 77th Streets, the crosstown bus at the corner, and the East 80s' restaurants, groceries, and shops immediately at hand, with Central Park a short walk away. Buyers who want a full-service doorman building in the heart of the East Side at attainable pricing are the natural audience. We help buyers evaluate the home, the finances, and the offer.

What to know if you’re selling

Lead with lifestyle. The selling story for a building like this is the doorman, the elevator, the dependable systems, and above all the location — subway, bus, retail, and park all within a block or two. For the buyer this building attracts, that convenience is the value, and it should anchor the marketing.

Price to the building's own resale history and to comparable East 80s post-war cooperatives, with condition and light as the swing factors. A renovated, move-in-ready apartment should be positioned at the top of its line's range. We advise sellers on staging, pricing, timing, and buyer qualification so the home reaches buyers who prioritize full service and location.

Comparable buildings

If you're considering 1223 Lexington Avenue, also evaluate these nearby Upper East Side cooperatives:

The Roebling Team at 1223 Lexington Avenue

The Roebling Team at Compass specializes in the Upper East Side, Park Avenue, and the full-service cooperative market — pre-war and post-war — across the East Side. We publish this profile because a well-located, full-service post-war building rewards buyers and sellers who understand that convenience and service are the real value in this segment.

If you're considering a transaction at 1223 Lexington Avenue, a consultation is the right starting point.

Considering a move at 1223 Lexington Avenue?

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com