- Year built
- 1927
- Type
- Condominium
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
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
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 |
|---|---|---|---|---|
| Oct 21, 2015 | — | 7,152 sf | $3,000,000 | $419/sf |
Market read. Most recent trades (2015) cleared a median $419/sf across 1 sale.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Dec 18, 2013 | — | $110,000,000 |
| Aug 15, 2012 | — | $82,000,000 |
| Apr 2, 2007 | — | $32,000,000 |
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 — Park Avenue South cooperative
The Roebling Team at 88 & 90 Lex
The Roebling Team at Compass works across NoMad, Gramercy, the Flatiron District, and the broader Midtown South market, and we publish this profile because converted pre-war condominiums reward building-specific knowledge — which homes live best, how the shared amenity floor across 88 and 90 actually functions, and where pricing sits against the right comparison set. Whether you are buying or selling at 88 Lexington, a 30-minute consultation is the right place to start.
Get the full picture on this building.
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