Condominium · 2021
The Lexi
165 Lexington Avenue, New York, NY 10016
Buildings·Gramercy·Condominium

The Lexi (165 Lexington Avenue)

165 Lexington Avenue, New York, NY 10016

CorridorGramercy
At a glance
Year built
2021
Type
Condominium
Landmark
No
The Data Room

Every recorded sale at this building, 2018–2026

Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.

Median $/sf
$2,208
Listing discount
2.7%
Recorded sales
52
On record
2018–2026

The blocks where Kips Bay, Murray Hill, and NoMad meet have quietly become one of Manhattan's most useful value corridors — centrally located, well served by transit, and increasingly populated by new-construction condominiums that offer modern layouts and amenity packages at prices below the trophy districts to the north and west. The Lexi, at the corner of Lexington Avenue and East 30th Street, is one of the more complete examples: a ground-up condominium completed in 2021 with a full amenity suite, designed by Isaac & Stern Architects for developer Brooklyn North Capital.

What distinguishes the building is the combination of new-construction quality and a deliberately approachable scale. At 43 residences across eleven stories, The Lexi is boutique enough to feel personal but large enough to support a real amenity program — a doorman, a fitness center, a resident lounge, co-working and children's spaces, and a private rooftop terrace with Empire State Building views. For a buyer who wants contemporary finishes, condo flexibility, and amenities without paying for a supertall, it is a logical entry point.

The architecture is a thoughtful nod to context: a pre-cast masonry façade with expansive windows that echoes the prewar loft buildings of the surrounding blocks, rather than the all-glass curtainwall of the luxury towers a few avenues over.

Architecture and unit composition

The Lexi is an eleven-story, 43-unit condominium with a pre-cast masonry façade and oversized windows designed to reference the area's prewar loft stock. The interiors, by DNA Design Studios, run to white oak floors and contemporary kitchens and baths; many homes include modern conveniences such as in-residence laundry and wireless charging built into the finishes.

The unit mix spans studios, one-bedrooms, and two-bedrooms, with no more than roughly six homes per floor, select residences carrying private terraces, and a penthouse tier at the top of the building. The relatively low density per floor gives the layouts good light and privacy for a new-development building at this price point.

Building operations

The Lexi operates as an amenity-rich boutique condominium with a full-time doorman and attended lobby, elevator service, a resident lounge, a fitness center, co-working space, a children's playroom, a pet spa, a bicycle room, a package room, and storage — anchored by a private rooftop terrace with open Empire State Building views. For a 43-unit building, it is an unusually deep amenity package. The building is pet-friendly, with cats and dogs permitted.

Carrying costs on a condominium are expressed as common charges plus separately billed real estate taxes; an amenity-rich new-development building of this kind carries common charges that fund its staffing and shared spaces, which buyers should weigh against the amenity benefit. Buyers should review the building's financials, reserves, and any assessment history during due diligence. The Roebling Research Library maintains current building materials for clients.

Recent sales

The Lexi's sales picture began with sponsor closings in 2021–2022 and now includes resale activity as owners turn over. As a condominium, value is read on a price-per-square-foot basis, with floor, exposure, layout, and outdoor space (private terraces, penthouse units) driving the variation. New-development inventory of this kind tends to price on its finishes, amenity package, and central Kips Bay/NoMad-edge location, and the building's condo flexibility broadens the buyer pool to include pied-à-terre and investment buyers and foreign purchasers. Our sales view for the building reflects recorded transfers as they post.

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.

DateUnitApartmentPricePPSFvs. Ask
May 12, 20263B
1 BR · 1 BA · 693 sf
$1,400,000$2,020/sf-1.8%
Jul 25, 2025PHA
2 BR · 2 BA · 1,418 sf
$2,995,000$2,112/sf-20.1%
Jul 25, 202511A
2 BR · 2 BA · 1,418 sf
$2,995,000$2,112/sf-7.8%
Jun 25, 202510B
2 BR · 2 BA · 1,303 sf
$2,190,000$1,681/sf-2.7%
Dec 18, 20246B
1 BR · 1 BA · 706 sf
$1,300,000$1,841/sf-3.7%
Dec 17, 20241A
2 BR · 2.5 BA · 1,435 sf
$2,420,000$1,686/sfoff-mkt
Nov 25, 20249B
2 BR · 2 BA · 1,303 sf
$2,130,000$1,635/sf-3.0%
Nov 11, 2024PHC
1 BR · 1 BA · 765 sf
$1,495,000$1,954/sfoff-mkt

Market read. Most recent trades (2026) cleared a median $2,208/sf across 1 sale. Median listing discount 2.7% 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.

3B · 693 sf+8%
$1,300,000 ($1,876/sf) 2022$1,400,000 ($2,020/sf) 2026
7D · 805 sf-9%
$1,560,000 ($1,938/sf) 2022$1,413,329 ($1,756/sf) 2024
6B · 706 sf-10%
$1,438,003 ($2,037/sf) 2022$1,300,000 ($1,841/sf) 2024
PHA · 1,413 sf-14%
$3,500,000 ($2,477/sf) 2023$2,995,000 ($2,120/sf) 2025
11A · 1,413 sf-14%
$3,500,000 ($2,477/sf) 2023$2,995,000 ($2,120/sf) 2025

Other recent transfers

DateUnitPrice
Aug 9, 20225D$1,405,000
View all 52 recorded sales, sortable

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 1-00886-7504) 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

You're buying new-construction quality with real amenities. The doorman, fitness center, lounge, co-working and children's spaces, and rooftop terrace are a deep package for a boutique building — factor them into the value.

Condo flexibility is real. Expect 30–45 day closings; foreign buyers welcome; pied-à-terre and investment use permitted under the declaration.

Weigh common charges against amenities. An amenity-rich building carries common charges that fund its staffing and shared spaces; model the full monthly carry and decide whether the amenity set fits how you'll live.

Prioritize light, outdoor space, and floor. Private terraces and the penthouse tier sit at the top of the building's range; benchmark price per square foot against floor and exposure. Run pricing through the Mansion Tax Calculator.

What to know if you’re selling

Lead with the amenity package and the rooftop. Few boutique buildings in the corridor offer this depth of shared space; the Empire State Building–view roof terrace is a memorable hook.

Price on square footage, floor, and outdoor space. Benchmark against the building's own sales and the best comparable new-development condo inventory nearby, adjusting for terrace, exposure, and condition.

Use condo speed and flexibility as a selling point. Fast closings, no co-op board interview, and pied-à-terre/investment latitude widen the qualified-buyer pool relative to the area's older co-ops.

Comparable buildings

If you're weighing The Lexi, these nearby Kips Bay, Murray Hill, and Gramercy condos and co-ops make a useful comparison set:

The Roebling Team at The Lexi

The Roebling Team at Compass specializes in Kips Bay, Murray Hill, NoMad, Gramercy, and the broader East Side condo and co-op market. We publish this profile because buyers and sellers evaluating a new-development boutique condominium deserve building-specific intelligence — the realities of an amenity-rich building, the carrying-cost math, and where individual lines and floors sit in value.

If you're considering a purchase or sale at The Lexi, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires — financial structuring, due diligence priorities, comparable analysis at the apartment level, and the pacing strategy that fits your timeline.

The neighborhood

For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.

Considering a move at The Lexi?

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com