135 Lexington Avenue
135 Lexington Avenue, New York, NY 10016
BBL 1008840060 · BIN 1018226
- Year built
- 1920
- Type
- Condominium
- Landmark
- No
135 Lexington Avenue is a five-story, 1920 walk-up on the corner of East 29th Street with 14 apartments over ground-floor retail. City records show 8,027 square feet on a lot 22 feet wide and 80 feet deep: 6,584 square feet of apartments and 1,443 square feet of retail.
The owner renovated the building from 2022 to 2025, then filed a condominium plan in April 2025 for 14 residences and two other units at a total of $21,525,000. Across all 16 units that averages about $1.35 million. If the residences carry most of the total, the apartments, about 470 square feet each on average, would be priced well above $2,000 a square foot. That is high for small walk-up apartments, so the plan's Schedule A deserves a close read when it is accepted.
The plan was not accepted as of October 2026, and no prices or marketing have been published.
Architecture and residences
The building is a corner walk-up of the kind common on Lexington Avenue in the East 20s, with its residential entrance on the side street. Department of Buildings records show the renovation:
- Minor renovation of all 14 apartments on floors 2 through 5, permitted 2023 and signed off October 2024, with plumbing work signed off October 2023
- Relocation and remodeling of the residential entrance on the ground floor, signed off September 2025
- Interior demolition and renovation of the ground floor and cellar, filed in 2022 and refiled through 2025
- A new boiler, hot water heaters and gas line in 2022 to 2024, and new ground-floor split-system cooling in 2023 to 2024
Every filing states no change in use, egress or occupancy, so the apartment layouts and count stayed at 14. No elevator work appears in the filings; confirm whether the building has one.
Offering and pricing
Per the offering plan filed with the New York State Attorney General (plan CD250134), the sponsor, 135 Lexington Avenue LLC, submitted the plan on April 22, 2025. The record classes it as a condominium rehabilitation of a building partly in residential use, with 14 residential units among 16 in total, at a total offering price of $21,525,000. The initial and current totals are the same, and the record shows no acceptance date as of October 2026.
No asking prices, sponsor sales or condominium tax lots exist yet. The two non-residential units are likely the ground-floor retail and one other space; Schedule A will say.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Be first to know when 135 Lexington Avenue launches
There are no sponsor sales yet. Register below and we’ll reach out the moment pricing and the offering plan are released — before the building is on the open market.
We’ll use your email to reach out about this building and closely related inventory, and to send The Roebling Report. See our privacy policy.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
What to know if you’re buying
The plan is not accepted. The sponsor cannot sign binding contracts until the Attorney General accepts the plan, and prices can change before then.
Occupancy. The record classes the building as partly residential. Ask whether any apartments are occupied by tenants and, if so, what the plan provides for them.
A renovated older building. The renovation replaced the heating plant and refinished the apartments without changing their layouts. Ask for the engineer's report in the plan, especially on the roof, facade, windows and risers, which the filings do not show being replaced.
Small apartments, high totals. At an average of about 470 square feet per apartment, Schedule A prices need to be checked against resale condominiums nearby on a per-square-foot basis.
Deposit and closing costs. New-development contracts typically require a deposit of 10% at signing, held in escrow. In sponsor sales the buyer customarily pays the New York State transfer tax (0.4%, or 0.65% at $3 million or more) and the New York City real property transfer tax (1% at $500,000 or less and 1.425% above for a residential unit), plus the state "mansion tax" of 1% at $1 million, rising in tiers to 3.9% at $25 million in New York City. On a $1.2 million apartment that is about $21,900 in transfer taxes before any gross-up, and $12,000 in mansion tax.
Comparable buildings
If you're considering 135 Lexington Avenue, also look at these nearby condominiums:
- 140 Lexington Avenue — boutique new-construction condominium across Lexington at East 29th Street
- 145 Lexington Avenue — twelve-unit 2006 condominium a block north
- 165 Lexington Avenue — The Lexi, a 2021 boutique condominium
- 118 East 29th Street — boutique prewar condominium on the same street
- 181 East 28th Street — Hillrose28, a 43-residence new-construction condominium
More Gramercy buildings
- Gramercy Plaza (130 East 18th Street) — 1962 co-op
- 132 East 19th Street — 1910 co-op
- 133 East 15th Street — 1900 co-op
- 137 East 15th Street — co-op
- 140 Lexington Avenue — condominium by Isaac & Stern Architects
- 145 East 15th Street (Gramercy Arms) — 1959 co-op
The neighborhood
For the full corridor — architecture, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 135 Lexington Avenue?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com