88 Lexington Avenue
88 Lexington Avenue, New York, NY 10016
NoMad
BBL 1008827503 · BIN 1018131
- Year built
- 1927
- Type
- Condominium
Every recorded sale at this building, 2007–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,966
- Listing discount
- 5.7%
- Recorded sales
- 89
- On record
- 2007–2026
88 Lexington Avenue is the larger half of "88 & 90 Lex," a paired condominium that HFZ Capital Group created in 2015 by converting two adjacent buildings — a 1927 Art Deco building at 88 Lexington and its neighbor at 90 Lexington — into a single condominium community at the NoMad–Gramercy seam. It is a characteristic example of the smartest kind of New York development: rather than build new, the sponsor took good pre-war bones, reorganized the interiors, and equipped the result with an amenity package that the original buildings never had.
The 1927 structure at 88 Lexington was designed by Necarsulmer & Lehlbach as a classic pre-war building with Art Deco detailing — tall, masonry, and dignified in the way the era's apartment houses were. The 2015 conversion, with interiors by Workplace/APD, kept that pre-war character while delivering contemporary kitchens and baths, modern systems, and a genuinely deep shared-amenity program across the two joined buildings. The result is condominium ownership inside a pre-war envelope — a combination that buyers in this part of Manhattan consistently prize.
For buyers, the appeal is the flexibility of a condominium married to the texture of a 1927 building, in a location that has quietly become one of downtown-adjacent Manhattan's most convenient: NoMad's restaurants and hotels to the west, Gramercy's quiet to the south, and Midtown's transit within easy reach.
Building operations
For a converted pre-war pairing, the amenity suite is notably complete and runs across both buildings: a 24-hour concierge, a two-lane swimming pool, a fitness center with a private yoga studio, a sauna, a residents' lounge with a kitchen, a screening room, a children's playroom, a landscaped roof terrace, and private deeded storage. That is a wellness-and-social program more typical of new construction than of a 1920s building, and it is one of the central reasons the conversion commands the pricing it does. As a condominium, the building offers the financing latitude and ownership flexibility — pied-à-terre, trust, and entity purchases included — that distinguish it from the co-ops that dominate the surrounding blocks.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials 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
Recent closings 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 30, 2026 | 1506 | 3 BR · 3.5 BA · 2,265 sf | $4,900,000 | $2,163/sf | -2.0% |
| Jun 23, 2026 | 605 | 3 BR · 2.5 BA · 2,137 sf | $3,900,000 | $1,825/sf | off-mkt |
| Jun 11, 2026 | 906 | 3 BR · 3.5 BA · 2,319 sf | $4,560,000 | $1,966/sf | -6.8% |
| Mar 9, 2026 | 905 | 4 BR · 3.5 BA · 2,606 sf | $5,150,000 | $1,976/sf | +0.0% |
| Feb 19, 2026 | 404 | 1 BR · 2 BA · 1,073 sf | $1,430,000 | $1,333/sf | off-mkt |
| Oct 27, 2025 | 1404 | 1 BA · 529 sf | $900,000 | $1,701/sf | -2.7% |
| Sep 18, 2025 | 504 | 1 BR · 2 BA · 1,073 sf | $1,750,000 | $1,631/sf | -11.4% |
| Feb 11, 2025 | 1606 | 3 BR · 3.5 BA · 1,954 sf | $4,200,000 | $2,149/sf | -6.7% |
Market read. Most recent trades (2026) cleared a median $1,966/sf across 5 sales. Median listing discount 5.7% 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.
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 1-00882-7503) 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 from recorded condo declarations and offering plans.
What to know if you’re buying
The buy here is a condominium with a pre-war soul. You get the flexibility a condominium provides — no co-op board admissions gauntlet, financing that is not capped the way it is at neighboring co-ops, and pied-à-terre, investment, and entity purchases that are customary. You get an amenity package out of scale with the building's age, anchored by the two-lane pool and full fitness floor shared across 88 and 90. You get a 1927 building's character — masonry, Art Deco detail, real proportions — modernized inside. The thing to underwrite is the specific home: across a wide range of unit types, layout efficiency, light, and floor make the difference, and the penthouse and duplex units occupy a tier of their own. Location rounds out the case — NoMad's hotels and restaurants, Gramercy's calm, Madison Square Park nearby, and the 6 and N/R/W lines within a short walk.
What to know if you’re selling
Lead with condominium flexibility and the amenity floor. Both are durable advantages over the surrounding co-op stock, and they are exactly what the building's buyer is looking for. Frame the pre-war pedigree as a feature, not a footnote — the 1927 Art Deco origins, the careful Workplace/APD conversion, and the HFZ provenance distinguish a resale here from generic inventory. Benchmark to NoMad and Gramercy condominiums, not to pre-war co-ops, when setting price. Show the home to its layout strength: with unit types ranging from one-bedrooms to duplex townhomes, the marketing should make the specific apartment's advantages — light, ceiling, outdoor space, configuration — immediately legible.
Comparable buildings
If you're considering 88 Lexington, also evaluate nearby NoMad, Flatiron, and Gramercy condominium and conversion inventory:
- 45 East 22nd Street — Madison Square Park condominium tower
- 21 East 26th Street — NoMad / Madison Square pre-war building
- 141 Fifth Avenue — landmark Flatiron condominium
- 175 Fifth Avenue — the Flatiron Building, nearby on the square
- 205 Third Avenue — Gramercy-edge full-service building
- 240 Park Avenue South — the Gwathmey Siegel-designed 52-unit Flatiron condominium
Considering a move at 88 & 90 Lex?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 88 & 90 Lex would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.