- Year built
- 1988
- Type
- Condominium
- Landmark
- No
- Pets
- Pet friendly
- Subletting
- Condominium rules apply — more flexible than a comparable co-op; specific terms confirmed at offer stage
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,485
- Listing discount
- 2.9%
- Recorded sales
- 76
- On record
- 2003–2026
Lexington Parc is a full-service condominium on a quiet Murray Hill block, built new in 1988 by developer Lawrence A. Smiley on a mid-block site between Park and Lexington Avenues. It is a considered piece of infill: the developer assembled air rights from neighboring properties, kept a five-story base in scale with the block's surviving brownstones, and set a slim tower back above — a design that respects the low-rise street while delivering height, light, and a roof deck to its residents. The building sits in the pocket variously described as Murray Hill, NoMad, and Rose Hill, steps from the Rose Hill historic district and a short walk to Madison Square Park.
For a buyer, Lexington Parc is the boutique post-war condominium done sensibly: a doorman and concierge building with a live-in superintendent, a roof deck with open Empire State and Chrysler outlooks, and the flexibility of true condominium ownership, on a residential block with excellent access to NoMad, Flatiron, and Grand Central. That combination of full-time service, a genuine roof deck, and condo flexibility at Murray Hill value is what defines the building.
Architecture and unit composition
The building is eighteen stories in pale orange brick, with a deliberately low five-story base that holds the line of the block's brownstones and a symmetrical setback tower above, distinguished by angled balconies. It is not a landmark, though it stands beside a designated Pratt Institute building; its appeal is the practical virtue of a well-planned 1980s tower and the light and views the setback massing delivers.
The residences run from studios through one- and two-bedroom layouts across seventy-three units. Floor and exposure drive the experience, with the upper tower floors and the balconied lines taking the best light and the open Empire State and Chrysler views; lower floors and interior exposures trade at a discount. As a mid-sized building, the stack offers enough variety of layout and exposure that a buyer can usually assemble a meaningful set of in-building comparables.
Building operations
Lexington Parc runs as a full-service condominium — a 24-hour doorman and concierge, a live-in resident superintendent, central laundry, a bike room, and private storage, anchored by a roof deck with Empire State and Chrysler Building views. The building is pet friendly. As a condominium, purchases follow standard condo mechanics rather than a co-op board's approval process; ownership transfers and financing follow standard condo mechanics, and the building carries the flexibility that condo ownership provides relative to a comparable co-op.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $46,416/yr
- Per unit / month range
- $0 – $54
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.
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 closings 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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 19, 2026 | 1C | 2 BR · 2 BA · 1,126 sf | $1,700,000 | $1,510/sf | -5.6% |
| Jul 25, 2025 | 5E | 1 BR · 1 BA · 750 sf | $900,000 | $1,200/sf | +0.0% |
| Mar 6, 2025 | 16C | 1 BR · 1 BA · 614 sf | $988,000 | $1,609/sf | -9.9% |
| Feb 13, 2025 | 5D | 1 BR · 1 BA · 798 sf | $915,000 | $1,147/sf | -8.0% |
| Jul 22, 2024 | 16D | 2 BR · 2 BA · 1,000 sf | $1,450,000 | $1,450/sf | -3.0% |
| May 16, 2024 | 16A | 2 BR · 2 BA · 956 sf | $1,370,000 | $1,433/sf | -0.4% |
| Aug 19, 2022 | 5C | 1 BR · 1 BA · 804 sf | $910,000 | $1,132/sf | +0.0% |
| Aug 4, 2022 | 5B | 2 BR · 2 BA · 1,069 sf | $1,562,500 | $1,462/sf | -0.8% |
Market read. Most recent trades (2026) cleared a median $1,485/sf across 1 sale. Median listing discount 2.9% 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.
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 1-00886-7503) 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 from recorded condo declarations and offering plans.
What to know if you’re buying
This is a condominium, so a purchase runs on standard condo mechanics rather than a co-op board package and interview — a meaningful practical advantage for buyers who want speed, financing flexibility, or the ability to rent. The pet-friendly rules and condo flexibility broaden the pool of qualified buyers; confirm the building's specific subletting terms at the offer stage.
The most important on-site distinctions are floor, exposure, and balcony. The upper tower floors and balconied lines with open Empire State and Chrysler outlooks hold value best; lower and interior units are the value entry point. The location is a genuine asset — a quiet Murray Hill / Rose Hill block, close to NoMad and Madison Square Park, with the 6 train at 28th Street and Park Avenue South a short walk away and Grand Central within reach. Comparable analysis belongs against Murray Hill and NoMad full-service condominiums.
What to know if you’re selling
Lead with the roof deck, the views, and the block. A full-service 1988 condominium with a roof deck, open Empire State and Chrysler views, and a quiet Rose Hill address is an easy story to tell.
Benchmark within the building and against Murray Hill and NoMad condos. With regular in-building turnover, recent comparable sales here are the first reference point; floor, exposure, balcony, and renovation status determine where a unit lands, on a dollars-per-square-foot basis.
Condo flexibility widens the buyer pool. True condominium ownership and pet-friendly rules bring investors, pied-à-terre buyers, and primary residents all to the table.
Closing timelines are condo-fast. With no board package or interview, a well-prepared condo sale moves efficiently from contract to closing — we manage that process end to end.
Comparable buildings
If you're considering Lexington Parc, also evaluate nearby Murray Hill and NoMad condominiums:
- The Whitman (21 East 26th Street) — Madison Square Park condominium
- 400 Park Avenue South — full-service NoMad condominium tower
- Grand Madison (225 Fifth Avenue) — pre-war condominium on Madison Square Park
- The Alexander (250 East 30th Street) — a 2001 full-service Kips Bay condominium
- 152 East 22nd Street — Gramercy condominium
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
Considering a move at Lexington Parc?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Lexington Parc 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.