- Year built
- 1960
- Type
- Cooperative
- Units
- 131
- Financing
- Up to 70% permitted
- Flip tax
- 3%, paid by the purchaser
773 Lexington Avenue — also addressed as 150 East 61st Street — occupies a corner that few buildings on the Upper East Side can match for sheer convenience. It sits at Lexington and 61st, a block from Bloomingdale's, on top of the 59th Street transit hub, within easy reach of Midtown and the entire East Side retail and dining corridor. The 4/5/6, N/R/W, and F lines all converge within a block or two, and the building puts the flagship retail and restaurant run of Lexington and Third at the doorstep. For a buyer who values walkability and access over the quiet of a pure residential side street, the location is close to ideal.
Completed in 1960, the building is a clean, full-service post-war cooperative of the type that filled out the avenues in the decade after the war — efficient floor plates, an attended lobby, a garage on premises, and a straightforward, low-maintenance presentation. The handsome polished red-granite base with white-marble accents gives the ground floor a more considered architectural treatment than the plain white-brick towers of the same period, and the canopied entrance and sidewalk landscaping reinforce a full-service character.
At 16 stories and 131 apartments, 773 Lexington is a mid-size post-war co-op: large enough for a deep, liquid resale market and full staffing, with a unit mix that runs from studios up through larger family configurations. The combination of corner light, an on-site garage, a fitness center, and a transit-dense location gives the building a particular appeal to a broad buyer pool — first-time owners, pied-à-terre seekers, and right-sizing buyers among them.
Architecture and unit composition
The building's 131 apartments span the full post-war range — studios and one-bedrooms through two- and three-bedroom layouts, with some larger combined configurations. Post-war signatures recur: efficient, livable floor plans; functional kitchens and baths; and, on the upper floors and corners, open exposures and good light. A number of apartments carry private terraces, a meaningful amenity in a building of this vintage.
The corner siting at Lexington and 61st gives front-facing apartments dual-avenue and cross-street light. Interior condition varies widely across 131 units depending on individual renovation history; buyers should evaluate each apartment on its own merits.
Building operations
773 Lexington operates as a full-service post-war cooperative with 24-hour doorman coverage, a live-in superintendent, an on-site parking garage, a fitness center, central laundry, cold storage, private storage, and a bike room — a deeper amenity set than most 1960s co-ops carry. The 131-unit scale supports this staffing efficiently and tends to keep maintenance reasonable relative to smaller buildings carrying the same service level.
Board policy is notably flexible for the East Side. The building is pet-friendly, permits financing up to 70%, and allows pied-à-terre ownership, co-purchasing, gifting, parents buying for children, and foreign buyers with board approval. Subletting is permitted after one year with approval — a more accommodating posture than many neighboring co-ops. A 3% flip tax is paid by the purchaser at closing, an unusual buyer-paid structure that purchasers should build into their closing budget.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $123,675/yr
- Per unit / month range
- $0 – $79
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
Sales context at 773 Lexington Avenue:
- The 131-unit scale produces an active, liquid resale market — typically a steady stream of closings across the year.
- Pricing spans the configuration range, from accessible studios and one-bedrooms at the entry point to larger family apartments and terraced units at the premium end.
- Floor altitude, exposure, terrace, and renovation condition drive price within the building, and the flexible board policy broadens the buyer pool relative to stricter East Side co-ops.
For apartment-specific transaction history, the building sales page draws on recorded data tied to the building's tax lot.
What to know if you’re buying
Location is the headline. A block from Bloomingdale's, on the 59th Street transit hub — this is among the most convenient corners on the East Side.
The amenity set is a real draw. On-site garage, fitness center, cold storage, and bike room are uncommon together in a 1960s co-op, and parking on premises is scarce and valuable in this part of Manhattan.
The policy posture is flexible. Pets, pied-à-terre, co-purchasing, gifting, and parents-buying-for-children are all permitted with approval, subletting is allowed after a year, and financing runs to 70%.
Budget the buyer-paid flip tax. The 3% transfer fee falls to the purchaser here — factor it into your closing costs.
What to know if you’re selling
Market the convenience and the amenities. The transit, retail, and Midtown access story, plus the garage and fitness center, is the strongest pitch and reaches a broad buyer pool.
The flexible board policy is a selling point. The sublet-after-one-year allowance, pied-à-terre flexibility, and 70% financing widen the field of qualified buyers.
Price at the apartment level. With 131 mixed units, floor, exposure, terrace, and renovation quality drive value far more than any building average.
Closing timelines are co-op standard. Plan for roughly 6–10 weeks from contract to closing.
Comparable buildings
If you're considering 773 Lexington Avenue, also evaluate:
- 118 East 60th Street — nearby post-war Lenox Hill cooperative
- 1250 Third Avenue — full-service East Side post-war building
- 1230 Third Avenue — post-war Lenox Hill / Yorkville tower
- 315 East 72nd Street — full-service post-war co-op
- 976 Lexington Avenue — Lexington Avenue post-war peer
The Roebling Team at 773 Lexington Avenue
The Roebling Team at Compass specializes in the Upper East Side, Central Park West, and the broader Park-facing Manhattan market. We publish this building profile because East Side buyers and sellers deserve building-specific intelligence — architecture, board culture, transactional mechanics, and pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at 773 Lexington Avenue, a 30-minute consultation is the right starting point.
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