- Year built
- 2006
- Type
- Condominium
- Units
- 12
- Floors
- 13
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Requires confirmation
Every recorded sale at this building, 2009–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2026 to date
- $1,280
- 1 sale
- Listing discount
- 7.2%
- Recorded sales
- 24
- On record
- 2009–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Gramercy 145 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.
The Gramercy 145 is a twelve-apartment building, one residence per floor, on a 25-foot-wide Lexington Avenue lot. That is the whole thesis. In a stretch of Rose Hill dominated by tenement conversions, small prewar walk-ups and one or two larger postwar rentals, a purpose-built 2006 condominium where every apartment runs the full width and depth of the floor plate is a genuinely scarce product — full-floor living, with light on the avenue and on the rear, with its price to be assessed against dated full-floor sales adjusted for location, size, services and condition.
It is also, structurally, a very small building, and buyers should underwrite it as one. Twelve apartments carry the entire cost of an elevator, a facade, a roof, a boiler and a superintendent. There is no commercial income, no garage and no ancillary revenue of any kind; every dollar of the operating budget comes from twelve monthly common-charge bills. The building's own reporting on file bears this out: the annual operating budget runs to a few hundred thousand dollars, the reserve position has been thin, and the board has funded work through direct assessment rather than out of accumulated reserves. A six-month assessment ran from October 2022 through March 2023, billed alongside common charges at roughly a month's charge and a quarter per unit. That is the carrying-cost reality a buyer inherits; review the current budget, reserve, debt and any planned assessments.
The tax history is another part of the carrying-cost review. The building was completed under a ten-year 421-a exemption that began in tax year 2011 and has since run all the way off. Department of Finance exemption detail shows the benefit at zero by fiscal 2021 and no exemption recorded against any of the twelve unit lots thereafter. Whatever the tax line looked like in the first decade of the building's life, it is now a full, unabated class-2 assessment, and any carrying-cost analysis should be run against the current bill on the specific unit rather than against an older listing sheet.
Architecture and unit composition
The building is a thirteen-story masonry infill tower on a narrow avenue lot, built to the street wall with a canopied entrance marquee — the marquee was filed as a separate permit in 2008, five feet four inches wide and thirteen feet high. Above the ground floor, the plan is the simplest one available to a narrow-lot developer and the most valuable to a resident: one apartment per floor, roughly 1,280 gross square feet on average, with an avenue exposure at the front and a rear exposure at the back, and no shared corridor beyond the elevator landing.
The apartments are numbered 1 through 12 rather than by floor, which is worth knowing when reading paperwork: the condominium's unit numbers and the tax lots (1101 through 1112) run in the same order. Unit sizes and finishes vary, and the assessed values on the tax roll spread widely enough across the twelve lots to suggest meaningful differences in size and floor level between the lower apartments and the upper ones.
A 2020 alteration filing covered repointing of open joints between brick and stone window sills and replacement of cracked brick on the west elevation — routine work for a masonry building entering its second decade. The filing does not show completion or current condition, and the item should be traced through the building's current facade reports at diligence.
Building operations
Operations are deliberately lean. There is a superintendent on payroll and no doorman; day-to-day management is outsourced to a small property-management firm; the elevator, intercom, fire-alarm monitoring and pest control are all on service contracts. Utilities billed at the association level are limited to common electricity, water and sewer, and telephone and internet for the building systems.
Two operational facts from the reporting on file are worth carrying into diligence. First, the association recovered a substantial insurance reimbursement for a water-damage claim in late 2022 — water intrusion has been a live issue at this building and its history should be traced. Second, the building completed its Local Law 152 gas-piping inspection in December 2022, which puts it on the standard four-year cycle for that requirement.
Policy framework
The Gramercy 145 is a condominium, so the ownership form itself supplies most of the answer: purchases are subject to a board right of first refusal rather than to approval, and the structural questions a cooperative buyer worries about — financing ceilings, post-closing liquidity, pied-à-terre bans — generally do not arise. What the board does control is the alteration agreement, the application package and the house rules, and none of those are published. In a building this small, obtain them from the managing agent before contract rather than at closing; a twelve-unit board can be considerably more particular in practice than the ownership form implies.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $848 per room a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.38 per square foot a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Requires confirmationSources differ. Confirm with building management.
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
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 →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed September 2026.
Recent sales
The building trades as a full-floor alternative in a neighborhood that otherwise sells by the room. Comparable analysis here should be run against other small, full-floor-plate condominiums in Rose Hill and lower Murray Hill on a dollars-per-square-foot basis, and should be adjusted for two things this building does not offer: staff and amenity. There is no doorman, no gym, no roof deck and no garage, and pricing should reflect that against the amenitized new-development inventory a few blocks north and west. Against that, the full-floor arrangement provides two exposures and no adjoining apartment or shared residential corridor on that floor; those features do not assure resale value. Because the 421-a benefit is gone, no unit has a remaining phase-out; future tax bills still change with assessments and rates. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings 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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 25, 2026 | 3 | 2 BR · 2 BA · 1,432 sf | $1,832,500 | $1,280/sf | -0.7% |
| May 9, 2024 | 3 | 2 BR · 2 BA · 1,423 sf | $1,575,000 | $1,107/sf | -21.2% |
| Feb 22, 2024 | 7 | 2 BR · 2 BA · 1,400 sf | $1,600,000 | $1,143/sf | -22.9% |
| Oct 26, 2022 | 5 | 2 BR · 2 BA · 1,423 sf | $1,840,000 | $1,293/sf | -7.8% |
| Sep 14, 2022 | 6 | 2 BR · 2 BA · 1,420 sf | $1,851,000 | $1,304/sf | — |
| Aug 4, 2021 | 8 | 2 BR · 2 BA · 1,423 sf | $1,800,000 | $1,265/sf | -5.0% |
| Jul 28, 2021 | 4 | 2 BR · 2 BA · 1,423 sf | $1,633,000 | $1,148/sf | -9.2% |
| Jan 10, 2020 | 1 | 2 BR · 2 BA · 1,472 sf | $2,037,500 | $1,384/sf | -7.2% |
Market read. Most recent trades (2026 to date) cleared a median $1,280/sf (recorded) across 1 sale. Median listing discount 7.2% 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 1-00885-7502; each condominium apartment is its own tax lot). 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 from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at The Gramercy 145 and nearby.
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.
Keep up with The Gramercy 145 and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like The Gramercy 145. Unsubscribe anytime.
We’ll use your email for The Roebling Report and note your interest in this building. See our privacy policy.
Comparable buildings
If you're considering 145 Lexington Avenue, also evaluate:
- 165 Lexington Avenue (The Lexi) — the newer boutique condominium twenty blocks' worth of character up the same avenue; the new-construction alternative
- 117 East 29th Street — small prewar condominium conversion around the corner
- 118 East 29th Street (120 Gramercy Hill) — boutique condominium on the same block front
- 111 East 30th Street (The Pierpont) — the larger, staffed Murray Hill condominium alternative
- 159 East 30th Street (The Bentley) — 1980s Kips Bay condominium with services
- 127 East 30th Street — comparable-scale late-1980s condominium
- 143 East 34th Street — 2002 Murray Hill condominium; the closest contemporary in vintage
- 90 Lexington Avenue — small-building condominium ownership further down the avenue
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 The Gramercy 145?
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