- Year built
- 1959
- Type
- Cooperative
- Units
- 125
- Floors
- 16
- Landmark
- No
- Pets
- Permitted
- Subletting
- Permitted under house rules, with board approval
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2004–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $589K
- Recent range
- $507K – $1.1M
- Listing discount
- 3.4%
- Recorded transfers
- 72
302 Lexington Avenue is a structurally representative Murray Hill postwar cooperative — a full-service, doorman-serviced, 125-unit elevator co-op that anchors the western blockfront of Lexington Avenue between East 37th and East 38th Streets. Constructed in 1959 at the height of the postwar Manhattan building cycle, the building occupies a single tax parcel that runs the length of the blockfront and carries five street addresses (302 through 310 Lexington Avenue). It is one co-op corporation, 310 Lexington Owners Corp, and it is most commonly marketed under its 310 Lexington Avenue address.
The building's identity is defined by its Murray Hill positioning three blocks south of Grand Central Terminal. This places 302 Lexington in a structurally specific segment of the Manhattan cooperative market — more accessible pricing, a more permissive policy framework, and a substantially different buyer pool than the trophy pre-war cooperative tradition of the Upper East Side. The 1959 vintage produces the postwar co-op's characteristic advantages: efficient studio-through-two-bedroom layouts, larger buildings with real amenity infrastructure, and the operational scale that a 125-unit share structure supports.
What distinguishes 302 Lexington within the Murray Hill postwar cooperative peer set is its full-service amenity program at an entry-tier price point. The building carries a full-time doorman, a live-in resident manager, a fitness center, a landscaped rooftop terrace with documented Empire State Building and Chrysler Building views, and a planted rear patio garden — an amenity package meaningfully deeper than many peer postwar co-ops in the corridor, delivered at pricing that remains accessible to first-time Manhattan cooperative buyers.
The cooperative's permissive policy framework is also structural. At 80 percent maximum financing, the building is materially more accessible than the 40–70 percent financing caps typical of trophy pre-war cooperatives, and its pied-à-terre allowance opens the building to a buyer pool that most Manhattan cooperatives exclude. The combination positions 302 Lexington as a genuine entry point into Manhattan cooperative ownership at a recognized Midtown-adjacent address.
Architecture and unit composition
The 125 cooperative apartments distribute across the building's 16 stories. The unit mix skews to studios, one-bedrooms, and two-bedrooms — the efficient, floor-plate-driven configuration characteristic of the 1959 postwar building cycle rather than the larger classic-six and classic-seven layouts of the pre-war trophy tradition.
Apartment-level features carry the postwar architectural fabric of the vintage: functional room proportions, generous window walls relative to pre-war peers, and the layout discipline of the late-1950s Manhattan apartment-house cycle. Ceiling heights and detailing are postwar-standard rather than pre-war-grand; buyers responding to 302 Lexington are typically prioritizing address, amenity, and value over pre-war architectural pedigree.
The building's masonry facade is deliberately unornamented — the stripped mid-century idiom that defined the 1959 building cycle, structurally distinct from the ornamented Italian Renaissance and neo-Georgian registers of the 1920s cooperative mainline. The rooftop terrace and planted rear patio garden are the building's signature architectural amenities, with the roof deck delivering documented open views north and west toward the Empire State and Chrysler Buildings.
View permanence at the upper floors is meaningful — the surrounding Murray Hill blockfronts are substantially built out, and the building's height relative to its low-rise immediate neighbors supports stable open exposures from the higher floors.
Building operations
302 Lexington operates as a full-service cooperative with a full-time doorman, live-in resident manager, central laundry, fitness center, bike room, and basement storage lockers, with on-site parking available for rental. The rooftop terrace and rear patio garden are shared resident amenities. The building's operating scale — 125 residential shares plus ground-floor commercial income — supports the amenity program and helps moderate per-unit maintenance relative to smaller co-op buildings.
Maintenance charges cover the building's share of the underlying mortgage, real estate taxes, staff, and operating expenses; a portion of monthly maintenance is typically tax-deductible as the shareholder's allocation of building interest and property taxes. The ground-floor commercial income contributes to the building's revenue base, a structural feature that can moderate maintenance pressure over time. As with any postwar co-op, buyers should review the building's most recent financial statements, reserve position, underlying mortgage terms, and any assessment history during due diligence. The 1959 vintage carries the standard postwar capital-cycle considerations — Local Law 11 facade cycles, elevator modernization, and mechanical-system replacement — and buyers should review the current capital-project pipeline against management documents.
Recent sales
302 Lexington's sales activity is best read as an entry-tier Murray Hill cooperative market: a high-turnover pool of studios, one-bedrooms, and two-bedrooms trading to first-time Manhattan cooperative buyers, family-supported buyers, pied-à-terre users, and value-oriented purchasers seeking a full-service doorman building at a Midtown-adjacent address. Pricing is calibrated to the postwar entry tier rather than the pre-war trophy market — a structurally different value proposition from the Upper East Side cooperative tradition, and one that expands the building's buyer pool meaningfully.
Because the inventory is studio-through-two-bedroom-dominant, pricing varies most by apartment line, floor, exposure, and renovation condition rather than by the large-configuration scarcity that drives pre-war trophy pricing. In a cooperative, value is framed in maintenance and per-room terms as much as headline price: buyers underwrite the monthly maintenance carry, the building's financial health, and the board's approval and sublet posture alongside the purchase price itself. Recent listings across the building have generally spanned from the high-$300,000s for studios and one-bedrooms into the mid-to-high-$600,000s for larger and higher-floor units, subject to line, condition, and exposure.
Recent transfers 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 |
|---|---|---|---|---|---|
| Jun 25, 2026 | 10FG | 2 BR · 2 BA · 1,250 sf | $1,050,000 | $840/sf | -2.3% |
| May 5, 2026 | 9G | 1 BR · 1 BA | $525,000 | -2.6% | |
| Mar 4, 2026 | 8H | 1 BR · 1 BA | $525,000 | -12.5% | |
| Dec 26, 2024 | 9E | 1 BR · 1 BA · 650 sf | $600,000 | $923/sf | -2.4% |
| Jul 29, 2024 | 2F | 1 BR · 1 BA | $548,000 | -6.3% | |
| Jan 25, 2024 | 10H | 5 BR | $507,000 | -3.4% | |
| Sep 27, 2023 | 13F | 5 BR · 1 BA · 600 sf | $540,000 | $900/sf | off-mkt |
| Aug 17, 2023 | 3H | 1 BR · 1 BA | $577,000 | -3.0% |
Market read. Most recent trades (2026) cleared a median $786/sf across 1 sale. Median listing discount 3.0% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Jan 8, 2025 | 7D | $750,000 |
| May 19, 2022 | 6H | $625,000 |
| Jun 23, 2020 | 4A4J | $1,810,000 |
| Sep 19, 2019 | 9E | $650,000 |
| Aug 30, 2018 | 4A | $670,000 |
| Nov 13, 2015 | 11F | $990,000 |
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 1-00893-0020) 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 on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
Understand the cooperative structure. You are buying shares in 310 Lexington Owners Corp and a proprietary lease, not real property. Board approval, a full board package, and an in-person interview are required. Plan the transaction accordingly.
The 80 percent maximum financing is unusually permissive. Materially more accessible than the 40–70 percent caps typical of trophy pre-war cooperatives; structurally supports first-time and family-supported buyers.
The pied-à-terre allowance is meaningful. Most Manhattan cooperatives require primary residence; 302 Lexington's permissive structure supports pied-à-terre use with board approval — a real buyer-pool-expansion feature.
Frame value in co-op terms. Underwrite the monthly maintenance carry, the per-room cost, the building's financial statements and reserves, the underlying mortgage, and any assessment history — not just the headline price. A portion of maintenance is typically tax-deductible.
The postwar amenity program is a genuine feature. Full-time doorman, live-in resident manager, fitness center, rooftop terrace, and rear patio garden — a deeper amenity package than many peer postwar co-ops, at an entry-tier price.
The studio-through-two-bedroom inventory is structural. The right building for entry-tier and value-oriented buyers; the wrong building for buyers seeking large pre-war classic-six or classic-seven configurations.
Verify operational specifics during due diligence. Confirm the current board approval framework, sublet duration limits, flip tax structure, financing cap, pet and pied-à-terre policy, and the current capital-project pipeline against management documents at offer stage.
Closing timelines are cooperative-standard. Plan for roughly 6–10 weeks from contract through board approval to closing.
What to know if you’re selling
Marketing should emphasize the full-service amenity program and the permissive policy framework. The doorman, resident manager, fitness center, rooftop terrace, 80 percent financing, and pied-à-terre allowance are the structural identity features that distinguish the building from peer Murray Hill cooperative inventory.
The financing accessibility expands the buyer pool. Reaching the broader Manhattan cooperative buyer demographic — including first-time and family-supported buyers — is material to selling at the building's price points.
Pricing requires apartment-level context. The studio-through-two-bedroom inventory produces meaningful variation across lines, floors, exposures, and renovation condition; price to recent comparable closings on the specific apartment line.
The maintenance carry is part of the sale. Buyers underwrite monthly maintenance alongside price; a well-run building with a healthy reserve and stable maintenance is a selling point that should be documented.
Closing timelines are cooperative-standard. Plan for 6–10 weeks from contract through board approval to closing.
Comparable buildings
If you're considering 302 Lexington Avenue, also evaluate:
- 50 Park Avenue — Pelham Jr. 1940; late-pre-war Murray Hill cooperative peer with a permissive policy framework
- 45 Park Avenue — Murray Hill condominium peer
- 71 Park Avenue — Murray Hill condominium peer
- 325 Lexington Avenue — 2014 Murray Hill condominium on the same avenue; new-construction alternative
The Roebling Team at 302–310 Lexington Avenue
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market — including the Murray Hill and Gramercy cooperative inventory that anchors Midtown's southern residential edge. We publish this building profile because Murray Hill cooperative buyers and sellers deserve building-specific intelligence — architecture, board context, policy framework, maintenance and per-room pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at 302 Lexington, 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 — financing structuring, board-package strategy, 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.
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