- 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
- $1,460
- Listing discount
- 3.5%
- Recorded sales
- 70
- 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.
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% |
| Mar 30, 2026 | 17C | 1 BR · 1 BA | $760,000 | -13.1% | |
| Jul 25, 2025 | 5E | 1 BR · 1 BA · 750 sf | $900,000 | $1,200/sf | off-mkt |
| Mar 6, 2025 | 16C | 1 BR · 1 BA · 614 sf | $988,000 | $1,609/sf | -9.9% |
| Feb 28, 2025 | 2D | 2 BR · 1 BA | $950,000 | -4.9% | |
| Feb 13, 2025 | 5D | 1 BR · 1 BA · 798 sf | $915,000 | $1,147/sf | -8.0% |
| Oct 22, 2024 | 10D | 2 BR · 2 BA | $1,520,000 | -3.5% | |
| Jul 22, 2024 | 16D | 2 BR · 2 BA · 1,000 sf | $1,450,000 | $1,450/sf | -3.0% |
Market read. Most recent trades (2026) cleared a median $1,460/sf across 1 sale. Median listing discount 3.5% 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 |
|---|---|---|
| May 10, 2016 | 10C | $880,000 |
| Feb 24, 2009 | 16C | $825,000 |
| Feb 24, 2009 | 17D | $1,145,000 |
| Aug 31, 2005 | 17C | $699,000 |
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 1-00886-7503) 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) — Murray Hill condominium
- 152 East 22nd Street — Gramercy condominium
The Roebling Team at Lexington Parc
The Roebling Team at Compass specializes in Murray Hill, Gramercy, NoMad, and the broader East Side market. We publish this profile because buyers and sellers evaluating a full-service Murray Hill condominium deserve building-specific intelligence — the architecture, the amenity package, the condominium's flexible rules, and how floor, exposure, and view drive value within the building.
If you're considering a purchase or sale at Lexington Parc, a 30-minute consultation is the right starting point.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
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