1349 Lexington Avenue (The Paulding)
1349 Lexington Avenue, New York, NY 10128
- Year built
- 1922
- Type
- Cooperative
- Units
- 68
- Floors
- 10
- Landmark
- No
- Amenities
- 24-hour doorman, live-in superintendent, landscaped interior courtyard garden with fountain, renovated roof deck, children's playroom, bike room, central laundry; a storage cage conveys with each apartment per listing records
- Pets
- Permitted
- Financing
- 75 percent maximum (25 percent minimum down) per listing records
The Paulding is Carnegie Hill's quiet structural bargain: a 1922 pre-war co-op with the neighborhood's full cultural and school stack — the 92nd Street Y, Museum Mile, the Carnegie Hill school cluster, Central Park four blocks west — at Lexington Avenue pricing rather than Park or Madison pricing. The buildings two and three blocks west trade at meaningful premiums for the same vintage and often smaller rooms; what the Lexington address gives up in corridor prestige it returns in price per square foot.
The architecture rewards attention. Maynicke & Franke built their reputation on Manhattan loft buildings, and the firm brought that structural vocabulary to this residential commission: beamed ceilings running 10 to 11.5 feet, deep floor plates, and the kind of solid early-1920s construction that renovates well a century later. Many apartments retain working wood-burning fireplaces — an increasingly scarce feature that city fireplace rules have made impossible to replicate in new construction — along with windowed eat-in kitchens, formal dining rooms, and original moldings in the less-altered lines.
The ownership history is also distinctive. The 1971 conversion was sponsored in substantial part by the building's own tenants — the Cooperative Committee of 1349 Lexington Avenue, working alongside the then-owner — per the offering plan on file in The Roebling Research Library. That early, tenant-led conversion put shareholders in control of the house more than five decades ago, and the policy framework that has evolved since reads like a building run by people who live in it: no pieds-à-terre, no sublets, pets welcome, no flip tax, and a storage cage with every apartment. This is a primary-residence house by design.
Architecture and unit composition
The building rises 10 floors over a retail base on Lexington, with roughly 68 apartments ranging from smaller pre-war lines through classic sixes, maisonettes, and a pair of penthouses. Interiors carry the building's signature scale — beamed ceilings, hardwood floors, floor-to-ceiling built-ins in select units — and renovation quality varies line to line, from preserved estate condition to fully modernized kitchens and baths. Units facing the interior courtyard trade street energy for quiet; Lexington-facing lines get the avenue light. The commercial base and three professional units generate income to the corporation per city records — a point your attorney should confirm in the financials during diligence.
Building operations
Full-service at boutique scale: 24-hour doorman, live-in superintendent, and an amenity set unusual for a building of 68 units — a landscaped courtyard garden with fountain, a renovated roof deck, a children's playroom, a bike room, and central laundry, with in-unit washer/dryers permitted. The alteration framework is documented in the agreement on file: engineer-reviewed plans, a $5,000 security deposit, and a monthly service-elevator fee for longer projects — standard pre-war discipline, knowable in advance. The 1971 offering plan, by-laws, and proprietary lease are on file in The Roebling Research Library.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $13,936/yr
- Per unit / month range
- $0 – $17
Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent transfers at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Mar 6, 2026 | 8C | $1,925,000 |
| Sep 2, 2025 | 8E | $650,000 |
| Aug 29, 2025 | 2F | $2,115,000 |
| Jan 2, 2025 | PH2 | $930,000 |
| Nov 14, 2024 | 10E | $2,125,000 |
| Sep 19, 2024 | 5F | $1,350,000 |
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 1-01518-0049) 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.
What to know if you’re buying
Read the policy stack as a signal, not a constraint. No pieds-à-terre and no sublets means every neighbor is an owner-occupant. Buyers who want flexibility should look elsewhere; buyers who want a stable, resident-controlled house should read this framework as the product.
The financing posture is moderate for the neighborhood. 75 percent financing is more permissive than the 50–66 percent caps common in Carnegie Hill's premier co-ops. Prepare the board package accordingly — run the Co-op Board Qualification Calculator before offering.
Underwrite condition line by line. The spread between estate units and renovated units is wide, and the building's bones — ceiling height, beams, fireplaces — reward renovation. Run the Renovation Cost Calculator against asking price before committing, and review the documented alteration framework so the timeline is priced in.
Fireplaces are an asset class here. Working wood-burning fireplaces appear in many units and cannot be added to new construction under current city rules. Confirm the specific unit's fireplace is operational and rated — it carries real resale value.
Transit reality: the 4/5/6 at 86th and Lexington is a four-block walk; the Q at 86th and Second adds a second option east. Crosstown access runs on 86th Street. The corridor's Whole Foods, Fairway, and the 92nd Street Y are all within a few blocks.
What to know if you’re selling
Market the building, not just the unit. The tenant-led conversion history, the owner-occupancy framework, the courtyard and roof deck, the included storage, and the no-flip-tax posture are documented selling points that survive attorney diligence. We provide the underlying documents from the Research Library to serious buyers' counsel.
Lead with the pre-war fabric. Beamed 10-foot-plus ceilings and wood-burning fireplaces are the features Carnegie Hill buyers cross-shopping Park Avenue actually respond to — name them specifically, with the Maynicke & Franke loft-builder provenance attached.
Price against Lexington, not Park. The building's discount to the avenues west is the reason it sells; pricing to Park Avenue comparables stalls listings here. Same-building line history is the right anchor, and we maintain it.
Comparable buildings
If you're considering 1349 Lexington Avenue, also evaluate:
- 50 East 89th Street (Park Regis) — the full-amenity post-war alternative one block west
- 17 East 89th Street — pre-war co-op closer to the park; the prestige step-up
- 131 East 93rd Street — pre-war Carnegie Hill co-op at a similar value tier
- 1120 Park Avenue — the Park Avenue pre-war comparison two blocks west, at the corridor premium
- 1060 Park Avenue — Carpenter pre-war co-op at 87th and Park
- 12 East 87th Street (The Capitol) — Blum brothers pre-war off Fifth; the architectural-character peer
- 180 East 88th Street — the new-development condo alternative in the immediate area
- 1326 Madison Avenue — pre-war co-op on Madison at 93rd; the boutique alternative
The Roebling Team at The Paulding
The Roebling Team at Compass works Carnegie Hill and the broader Upper East Side as a core practice area. We publish this building profile because Carnegie Hill buyers and sellers deserve building-specific intelligence — conversion documentation, policy framework, and corridor-level comparables — not generic neighborhood commentary.
If you're considering a transaction at 1349 Lexington Avenue, a 30-minute consultation is the right starting point.