325 Lexington Avenue (325 Lex)

H. Thomas O'Hara's design rises from a 7-story base that holds the avenue's street wall, then sets back into a glass shaft cantilevered slightly northward — the gesture that gives upper-floor north-facing units their direct line to the Chrysler Building. Finishes described in the original residential marketing are consistent across lines: wide-plank walnut floors, quartz kitchen counters with Liebherr, Bertazzoni, and Bosch appliances, and Italian marble baths, per architectural records. The two full-floor penthouses carry private terraces, fireplaces, and windowed eat-in kitchens.

Lines repeat cleanly through the tower: A- and B-line residences run as studios on the base floors and one-bedrooms in the shaft; the C-line runs from studios on floors 4–8 to 1,118-square-foot two-bedrooms on floors 22–28, per the floor plans on file. The 9th floor carries a terrace level at the setback. Original offering prices ran from $675,000 for base-floor studios, per the Schedule A on file — a useful anchor when reading the building's resale history.

This is a service-light condominium: 24-hour attended lobby, resident manager, The Wright Fit-designed fitness room, landscaped roof terrace, and cellar laundry, with all residential units sub-metered for electric. The audited financial statements on file show common charges allocated overwhelmingly to the residential units (the retail unit carries its own allocation), annual budgeted reserve contributions, and a reserve fund accumulated in a separate account. The resident manager's unit is owned by the condominium. Buyers comparing carrying costs against amenity-heavy new towers should note what is not here: no pool, no garage, no amenity floor beyond the gym and roof.

Recent sales

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.

Market read. Most recent trades (2026 to date) cleared a median $1,752/sf (floor-adjusted) across 6 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 0.0% from the last ask.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00894-7504; 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.

The condo structure is the product. There is no co-op board admission; purchases run through the condominium's application and right-of-first-refusal process. The building has a documented sponsor rental history. Confirm financing, leasing, pied-à-terre and ownership-entity rules in the current declaration, bylaws and house rules.

Underwrite the tax line, not just the common charges. The offering plan anticipated 421-a benefits; abatements phase out on a fixed schedule and assessments reset. Run the True Monthly Carrying Cost Calculator using the full unabated tax figure, not the current bill.

Check the rental mix if owner-occupancy matters to you. The sponsor's retained right to rent was a disclosed special risk in the plan, and lenders sometimes ask about owner-occupancy ratios in buildings with this history. Your attorney should request the current breakdown during diligence.

Views are line-specific and worth verifying in person. The cantilevered shaft gives upper north-facing units the Chrysler corridor and south-facing units the Empire State axis; base-floor units face mid-block conditions. Price the line, not the building average.

Budget the entry costs. The two-months-of-common-charges working capital contribution is documented in the audited financial statements on file, and buyer closing costs on new-ish condos run meaningfully higher than co-ops — run the Buyer Closing Cost Calculator before offering.

Sell the structure to the right buyer pool. Your most likely buyer is a first-time purchaser, a pied-à-terre user, or an investor comparing against Murray Hill co-ops with 75–80 percent financing caps and board interviews. The marketing should state the condominium mechanics plainly.

Get ahead of the tax question. Buyers' agents will ask where the unit sits in the 421-a phase-out. Present the current and post-abatement tax figures side by side rather than letting the question surface in attorney review.

Same-line comparables govern. With 123 nearly identical compact units across repeating lines, appraisers and buyers will anchor to the most recent same-line trade. Floor premium and condition are the levers; building-average pricing is noise.

If you're considering 325 Lexington Avenue, also evaluate:

• 160 East 38th Street (Murray Hill Mews) — the 36-story co-op alternative two blocks east; lower entry pricing, co-op mechanics
• The Corinthian (330 East 38th Street) — Murray Hill's largest condominium; full amenity program at scale
• The Lindley (591 Third Avenue) — boutique 2019 condo at East 39th; the newer-vintage alternative
• 425 Fifth Avenue — condominium tower at 38th and Fifth; the avenue-address alternative
• 400 Fifth Avenue — condo above a luxury hotel at 36th Street; hotel-service tier
• Madison House (15 East 30th Street) and Rose Hill (30 East 29th Street) — NoMad's newer condo towers; the design-forward step-up at higher price points