- Year built
- 2014
- Type
- Condominium
- Units
- 125
- Floors
- 31
- Landmark
- No
- Amenities
- 24-hour attended lobby, fitness center designed by The Wright Fit (1,484 square feet per the floor plans on file), landscaped roof terrace, resident manager, package storage, cellar laundry room; all units sub-metered for electric per the audited financial statements on file
- Flip tax
- None documented — verify against the by-laws
Every recorded sale at this building, 2024–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Recorded sales
- 31
- On record
- 2024–2026
325 Lex is one of Murray Hill's few post-crisis glass condominium towers, and its history tracks the cycle precisely: construction began in 2008, stalled for roughly four years, restarted in December 2012 under the Carmel Partners–Times Square Construction venture, and launched sales in fall 2014 — a $175 million offering across 125 residences, per the offering plan on file. For a neighborhood whose ownership stock is dominated by post-war co-ops with board approval and financing limits, a full-service condominium of efficient studios, one-bedrooms, and two-bedrooms a short walk from Grand Central is a structurally different product, and it has traded that way since.
The composition is the thesis. Apart from two full-floor penthouses, the tower is built entirely of compact units — studios around 500–630 square feet, one-bedrooms around 640–800, two-bedrooms around 1,100, per the Schedule A and floor plans on file. Combined with condominium transfer mechanics and the sponsor's disclosed right to rent rather than sell, the building functions as one of the corridor's cleanest vehicles for first-time buyers, pied-à-terre users, parents buying for children, and investors — buyer types the surrounding co-op stock screens out. Grand Central's full transit stack (4/5/6, 7, S, Metro-North, and LIRR East Side Access) sits a few blocks north on Lexington.
The operating record, unusually for a building this size, is documented in our files. The audited financial statements on file show a small staff model with sub-metered electric, steady annual transfers to reserves, a professional engineering reserve study (2018) projecting component replacement costs, and a sponsor-funded elevator cab repair completed in 2020 — together with board–sponsor discussions over further capital items that buyers' attorneys should ask about during diligence.
Architecture and unit composition
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 from the conversion-era 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.
Building operations
This is a service-light, efficiently run 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. Management is institutional. 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.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $46,607/yr
- Per unit / month range
- $0 – $31
Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Apr 20, 2026 | 21G | $1,125,000 |
| Apr 13, 2026 | 3E | $1,610,000 |
| Mar 27, 2026 | PH-B | $925,000 |
| Mar 23, 2026 | 11B | $1,439,888 |
| Feb 10, 2026 | 17A | $563,000 |
| Feb 12, 2026 | 10A-B | $3,400,000 |
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 1-00894-7504) 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.
What to know if you’re buying
The condo structure is the product. No board interview, no co-op financing caps, and a documented sponsor rental history mean the building accommodates pied-à-terre use, parents buying with children, LLCs, and investors more readily than nearly all of the surrounding ownership stock. Confirm current house rules and any leasing policies with the managing agent.
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.
What to know if you’re selling
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.
Comparable buildings
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
The Roebling Team at 325 Lex
The Roebling Team at Compass works Murray Hill and the Midtown East corridor as part of our Manhattan-wide condominium practice. We publish this building profile because 325 Lex buyers and sellers deserve building-specific intelligence — offering-plan documentation, tax-abatement mechanics, and line-level comparables — not generic neighborhood commentary.
If you're considering a transaction at 325 Lexington Avenue, a 30-minute consultation is the right starting point.