Condominium
656 Lexington Avenue
656 Lexington Avenue, New York, NY 10022
Buildings·Condominium

656 Lexington Avenue

656 Lexington Avenue, New York, NY 10022

At a glance
Type
Condominium

660 Lexington Avenue — the marketing name for the new condominium at 656 Lexington and East 55th Street — is the kind of ground-up boutique tower Midtown East has gained only sparingly. Developed by Rybak Development with S20M as design architect, Zproekt Architecture as project architect, and Paris Forino designing the interiors, it rises 233 feet on a corner Rybak assembled after acquiring the site from the Biagi family in 2021. With just 31 residences — most of them full-floor homes, topped by a triplex penthouse called The Crown — it is a deliberately intimate building in a corridor dominated by office towers and pre-war co-ops.

For buyers, the case is specific: a brand-new condominium with full-floor scale, designer interiors, and a true amenity package, dropped onto a Lexington Avenue corner two blocks from the heart of Midtown — with the financing flexibility, ownership latitude, and resale liquidity condominium ownership provides, and none of the co-op board friction that defines most of the surrounding inventory.

Local Law 97

Carbon-penalty exposure
🟢
Strong — under cap in both periods
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$0 (under cap)
Per unit / month range
See full Local Law 97 analysis — emissions history, scenarios, methodology →

What to know if you’re selling

The new-construction, full-floor profile is the marketing core. Ground-up boutique product on a Lexington Avenue corner — full-floor homes, Paris Forino interiors, a real amenity suite — is a durable differentiator against the pre-war co-op stock and the office-dominated streetscape around it.

Benchmark to new Midtown East condominiums, not the pre-war neighbors. A resale here belongs against the newest boutique condominium inventory in Midtown East and the Plaza District, not against the surrounding cooperatives.

Closing mechanics are condominium-standard. A resale clears through a right-of-first-refusal rather than a co-op board process, with condominium closing timelines — a faster, more predictable path that is itself a selling point to the financing- and flexibility-minded buyer the building attracts.

Early resales trade on scarcity. With only 31 residences and the first owners just taking title, available inventory will be thin; a well-positioned resale benefits from the limited supply of comparable new full-floor product in the corridor.

Comparable buildings

If you're considering 656 Lexington Avenue, also evaluate nearby Midtown East condominium and cooperative inventory:

The Roebling Team at 656 Lexington Avenue

The Roebling Team at Compass specializes in Midtown East, the Plaza District, and the broader Park-and-Lexington luxury condominium market. We publish this profile because buyers and sellers evaluating new-construction product in Midtown East deserve building-specific intelligence — architecture, the amenity program, ownership structure, and where the pricing sits against both new and pre-war inventory.

If you're considering a purchase at 660 Lexington, a 30-minute consultation is the right starting point — we'll walk the plan, the pricing, and the comparison set with you.

Considering a move at 656 Lexington Avenue?

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