1349 Lexington Avenue (The Paulding)

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-unit classifications do not establish whether their rents reach the corporation. Have counsel verify ownership, leases, current collections and the income reported in the cooperative’s financials.

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.

Recent sales

Recent transfers at this building, from The Roebling Research Library. 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.

Market read. Most recent trades (2026 to date) cleared a median $1,283/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 3.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01518-0049). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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.

Read the policy stack as a signal, not a constraint. No pieds-à-terre and no sublets means apartments are meant to be lived in by their shareholders; confirm the current rules and any grandfathered exceptions with the managing agent. Buyers who want flexibility should look elsewhere; buyers who want a stable, resident-controlled house should read this framework as the product.

The financing cap is 75 percent. 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.

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 specific features to document for buyers comparing Carnegie Hill and Park Avenue — name them specifically, with the Maynicke & Franke loft-builder provenance attached.

Compare relevant Lexington and avenue sales. Use dated same-building history and appropriately adjusted nearby transactions; location alone does not establish a discount, explain why a sale occurs or prove that a comparison will stall a listing.

If you're considering 1349 Lexington Avenue, also evaluate:

• 50 East 89th Street (Park Regis) — the full-amenity post-war alternative on East 89th Street
• 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, for a matched, dated price comparison
• 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