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    61 Lexington Ave, Unit 3F New York, NY 10010

    For Sale
    $529,000

    One-bedroom co-op near Madison Square Park with unlimited subletting.

    Building Details

    Year built
    1980

    Source: A. M. RESIDENTIAL MARKETING LLC Agent Marietta Niamonitakis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kips Bay Co-op Apartment

    This one-bedroom co-op apartment is located at the crossroads of Kips Bay and Gramercy Park. The building features an elevator and laundry room. Large windows provide ample sunlight. Two large closets include custom built-ins for maximized storage space. The kitchen features abundant cabinet space and offers the opportunity to create an eating nook under the window. The building is located steps away from Madison Square Park and a block away from the 6 train and two blocks from the NQR train. Investor-friendly with unlimited subletting from day one.
    Insight Report Location Intelligence

    Current Use by Public Records

    Chan & Grant, LLP Law Firm Jack Hoppenstand, Ph.D. Psychotherapist Jackie's Studio Apt. Apartment Building Yi Fang Taiwan ... Bubble Tea Store Lex hemp & smoke ... Cannabis Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9835345
    Latitude
    40.7407806

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    FAQs

    What type of property is this?
    Apartment building - One-bedroom co-op near Madison Square Park with unlimited subletting.
    Where is this apartment building located?
    The property is located at 61 Lexington Ave, Unit 3F New York, NY.
    What is the asking price?
    The asking price for this property is $529,000.
    What are key features of this property?
    This property features: - Unlimited subletting allowed from day one (Investor Friendly).; - **Prime location: Steps from Madison Square Park** and near the 6, N, Q, and R trains.; - Abundant natural light from large windows.
    (347) 585-2065
    Request Owner's contact information
    61 Lexington Ave, Unit 3F New York, NY 10010
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    New York, NY 10010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61 Lexington Ave, Unit 3F New York, NY 10010
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