The Lexi (165 Lexington Avenue)
165 Lexington Avenue, New York, NY 10016
Kips Bay
BBL 1008867504 · BIN 1018311
- Year built
- 2021
- Type
- Condominium
- Landmark
- No
Every recorded sale at this building, 2022–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $2,205
- Listing discount
- 0.0%
- Recorded sales
- 53
- On record
- 2022–2026
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.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Management & transfer contacts
- Sublet policy
- Allowed; tenant may not sublet without prior written consent of Board of Managers
- Pied-à-terre
- Allowed
- Notable fees
- Application Processing Fee $595 (sale)/$550 (lease); Move-In & Move-Out deposits $1,000 each (refundable); tenant screening $75/additional applicant. Max 2 pets
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.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 12, 2026 | 3B | 1 BR · 1 BA · 693 sf | $1,400,000 | $2,020/sf | -1.8% |
| Jul 25, 2025 | 11A | 2 BR · 2 BA · 1,418 sf | $2,995,000 | $2,112/sf | -7.8% |
| Jul 25, 2025 | PHA | 2 BR · 2 BA · 1,418 sf | $2,995,000 | $2,112/sf | -20.1% |
| Jun 25, 2025 | 10B | 2 BR · 2 BA · 1,303 sf | $2,190,000 | $1,681/sf | -2.7% |
| Dec 18, 2024 | 6B | 1 BR · 1 BA · 706 sf | $1,300,000 | $1,841/sf | -3.7% |
| Dec 17, 2024 | 1ASponsor Sale | 2 BR · 2.5 BA · 1,435 sf | $2,420,000 | $1,686/sf | off-mkt |
| Nov 25, 2024 | 9BSponsor Sale | 2 BR · 2 BA · 1,303 sf | $2,130,000 | $1,635/sf | -3.0% |
| Nov 11, 2024 | PHCSponsor Sale | 1 BR · 1 BA · 765 sf | $1,495,000 | $1,954/sf | +0.0% |
Market read. Most recent trades (2026) cleared a median $2,205/sf across 1 sale. Median listing discount 0.0% from the last ask.
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 1-00886-7504) 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:
- 143 East 34th Street — a boutique Murray Hill condominium with full-floor layouts
- 90 Lexington Avenue — a nearby Lexington Avenue residential building
- 88 Lexington Avenue — a neighboring Lexington Avenue address
- 385 Third Avenue — a full-service Kips Bay/Gramercy building
- 181 East 28th Street — a nearby Kips Bay residential building
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?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Lexi 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.