7 Lexington Ave

Park Gramercy is a 12-story midcentury residential cond-op constructed in 1951, located directly across from the Gramercy Park Hotel and a short walk to Gramercy Park. The property primarily contains one- and two-bedroom residences plus studios, many with high beamed ceilings, oversized corner windows, hardwood or parquet floors, and multiple built-in storage solutions such as walk-in closets and custom cabinetry. Typical interiors feature windowed kitchens and bathrooms, recessed lighting, granite or stainless counters, formal dining areas or eat-in kitchens, and thoughtful space-saving layouts in several architect-upgraded units. Common areas emphasize full-service comforts: a full-time doorman, resident superintendent, recently refreshed lobby, planted roof deck for lounging and city views, bicycle storage, building storage units, and a central laundry room in the basement. The building’s ownership structure functions like a condominium for purchase approvals (waiver of right of first refusal) and offers investor-friendly policies: no minimum down payment requirements, liberal subletting and pied-a-terre allowances, and accommodation of foreign buyers. Pets are permitted and the property benefits from immediate access to transit, neighborhood dining, and grocery options, making daily errands and commuting straightforward.