Cooperative · 1962
Townsend House
976 Lexington Avenue, New York, NY 10021
Buildings·Cooperative

976 Lexington Avenue

976 Lexington Avenue, New York, NY 10021

At a glance
Year built
1962
Type
Cooperative
Units
101
Landmark
No

Townsend House sits on one of Lenox Hill's most appealing corners — Lexington Avenue and East 71st Street, on a tree-lined townhouse block that runs west toward Park and Madison. Completed in 1962, it is a 20-story post-war cooperative built when the East Side was trading walk-up brownstones for full-service elevator living, and it has aged into exactly the kind of building most buyers actually want: a real doorman, a real garage, a gym in the basement, and a quiet, central address two short blocks from the Lexington Avenue subway and a flat walk to Central Park.

The case for the building is lifestyle, not pedigree. The white-brick-and-masonry post-war stock of the East 60s and 70s does not pretend to the limestone gravity of Park Avenue's pre-war co-ops, and it does not need to. What it delivers is light, efficient floor plans, larger windows, and an amenity package — staffed lobby, concierge, fitness room, on-site parking — that the neighboring brownstones and many pre-war buildings cannot match. For a buyer who wants to drop their car downstairs, work out without leaving the building, and walk to the Frick, the galleries of Madison Avenue, and the 6 train, Townsend House is a practical, livable proposition.

Architecture and unit composition

The building is a straightforward post-war high-rise: a masonry tower on a corner lot, with the regular, repeating window lines and modest setbacks typical of early-1960s Lexington Avenue construction. The interest is inside. The original plan ran to roughly a hundred apartments across twenty floors — a mix of one-, two-, and three-bedroom homes — and over six decades a number of those have been combined into larger four-bedroom residences, so the building now offers an unusually broad spread, from efficient pieds-à-terre to family-scaled apartments.

Post-war layouts here tend toward what buyers prize in the era: sensible room proportions, good light from the larger windows, and far less wasted hallway than the pre-war stock. Ceiling heights are characteristic of the period rather than soaring, but the trade is square footage that lives efficiently and a building envelope that takes modern kitchens and baths without the structural fuss of a 1920s conversion.

Building operations

Townsend House runs as a full-service cooperative. There is a 24-hour doorman and concierge at the lobby, a live-in resident manager, central laundry, a bicycle room, and private storage. The amenity that sets it apart from much of the surrounding co-op stock is the on-site parking garage — a genuine convenience on the East Side, where street parking is a daily battle and off-site garages run expensive. A fitness center rounds out the package.

Day-to-day, this is a quiet, well-staffed building of long-tenured shareholders. As an established cooperative it operates a standard board-approval process for purchases, and maintenance covers the staff, the garage operation, and the building's reserves and capital program in the usual co-op fashion.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — manageable today, 2030 cliff likely
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$24,369/yr
Per unit / month range
$0 – $20
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
Safe
What this means for you

The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.

Inspection history
2005–10
Safe
2010–15
SWARMP
2015–20
Safe
2020–25
Safe
2025–30
Due
Next report due
by Feb 2027
On record
$250 in filing penalties
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

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

With roughly 101 apartments, Townsend House sees a measured, steady cadence of resales rather than high-volume churn — a handful of closings in a typical year, weighted toward the larger two-, three-, and combined four-bedroom homes that anchor the building. Pricing tracks the Lenox Hill post-war co-op market: entry one- and two-bedrooms in the lower seven figures, with the larger and combined family apartments and the higher floors carrying meaningful premiums. For a true read on where a specific line trades, the right comparison is recent closings in the same building and the neighboring full-service post-war co-ops.

What to know if you’re buying

This is a board-approved cooperative purchase, so expect a full board package, financial review, and interview. The building's appeal to a buyer is concrete: a staffed, full-service address with an on-site garage and gym, on a prime Lenox Hill corner, at post-war pricing that buys materially more space than the pre-war buildings a few blocks west. Run the financing math early — co-op boards set financing limits and reserve expectations, and your debt-to-income and post-closing liquidity matter as much as the price. We help buyers read the building's financials, benchmark the asking price against in-building and neighborhood comparables, and prepare a board package that clears cleanly.

What to know if you’re selling

The selling story here is amenity-and-location, told plainly. Lead with what the building has that its neighbors don't — the garage, the gym, the concierge, the corner — and with the walk-everywhere Lenox Hill position: Central Park, the Madison Avenue retail and gallery corridor, and the Lexington Avenue subway all within a few minutes. Price to the building's own recent closings and the comparable post-war co-ops nearby; the larger and combined homes carry their own, thinner comp set and reward careful positioning. A clean, well-prepared listing in a building this well-located moves to a qualified, board-ready buyer.

Comparable buildings

If you're weighing Townsend House, these nearby Upper East Side full-service co-ops make a useful comparison set:

The Roebling Team at Townsend House

The Roebling Team at Compass specializes in the Upper East Side — Lenox Hill, Carnegie Hill, and the Madison, Park, and Fifth Avenue corridors. We publish this profile because buyers and sellers in full-service post-war co-ops deserve building-specific intelligence: the real amenity roster, how the larger combined homes price, and where a given line sits against both the in-building and the neighborhood comp set.

If you're considering a purchase or sale at Townsend House, a 30-minute consultation is the right starting point.

Considering a move at Townsend House?

Get the full picture on this building.

Current availability including off-market, the full comp set, and the board & financials read most listings don't show.

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