Ad #7475668
MLS #11542699
Investor-Friendly Gramercy Opportunity Immediate Subletting
7 Lexington Ave 5-E, New York, New York, 10010
$675,000
--Beds
1Baths
550Sqft
--Acres
About this property
Investor-Friendly Gramercy Opportunity Immediate Subletting Permitted Welcome to Residence 5E at Park Gramercy, a rare opportunity to acquire a turnkey studio in a highly desirable, investor-friendly building in the heart of Gramercy. Unlike many Manhattan co-ops, this building allows immediate subletting after purchase, offering flexibility for investors seeking rental income from day one or buyers looking for a future primary residence with income potential. This well-proportioned studio features soaring beamed ceilings, hardwood floors, and a thoughtfully designed raised platform that maximizes functionality ideal for efficient living and strong rental appeal. The kitchen is outfitted with stainless steel appliances, granite countertops, and slate flooring, while the layout includes three closets and a separate dressing area, a rare and valuable feature for tenants. Gramercy Park continues to be one of Manhattan s most sought-after rental markets, driven by its central location, charming streets, and proximity to top dining, shopping, and multiple subway lines ensuring consistent tenant demand and long-term value stability. Residents of Park Gramercy enjoy full-service amenities including a 24-hour doorman, landscaped roof deck, bike storage, and additional storage, enhancing both tenant experience and rental competitiveness. Whether you re building a portfolio or securing a flexible pied- -terre with income potential, Residence 5E presents a compelling opportunity in a location that consistently performs.
Property Features
0 Beds
1 Baths
550 Sqft
0 Acres
New York County
Gramercy Park Community
Additional Photos
Contact Information
Elkin Serna
Compass
Location
Listing Agent: Elkin Serna
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$675,000
--
Beds
1
Baths
550
Sqft
7 Lexington Ave 5-E, New York, New York, 10010
By contacting this agent you agree to these Terms and Conditions.
MLS# 11542699
Investor-Friendly Gramercy Opportunity Immediate Subletting
$675,000
7 Lexington Ave 5-E, New York, New York, 10010
--
Beds
1
Baths
550
Sqft
--
Acres
$675,000
7 Lexington Ave 5-E, New York, New York, 10010
-- Beds
1 Baths
550 Sqft
-- Acres
Investor-Friendly Gramercy Opportunity Immediate Subletting Permitted Welcome to Residence 5E at Park Gramercy, a rare opportunity to acquire a turnkey studio in a highly desirable, investor-friendly building in the heart of Gramercy. Unlike many Manhattan co-ops, this building allows immediate subletting after purchase, offering flexibility for investors seeking rental income from day one or buyers looking for a future primary residence with income potential. This well-proportioned studio features soaring beamed ceilings, hardwood floors, and a thoughtfully designed raised platform that maximizes functionality ideal for efficient living and strong rental appeal. The kitchen is outfitted with stainless steel appliances, granite countertops, and slate flooring, while the layout includes three closets and a separate dressing area, a rare and valuable feature for tenants. Gramercy Park continues to be one of Manhattan s most sought-after rental markets, driven by its central location, charming streets, and proximity to top dining, shopping, and multiple subway lines ensuring consistent tenant demand and long-term value stability. Residents of Park Gramercy enjoy full-service amenities including a 24-hour doorman, landscaped roof deck, bike storage, and additional storage, enhancing both tenant experience and rental competitiveness. Whether you re building a portfolio or securing a flexible pied- -terre with income potential, Residence 5E presents a compelling opportunity in a location that consistently performs.
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Property Details
HOME DETAILS
0 Beds
1 Baths
550 Sqft
0 Acres
FINANCIAL & COMMUNITY
New York County
Gramercy Park Community
Location
Mortgage Calculator
Ad Statistics
Ad Number
7475668
Viewed
7 times
Listing Status
Pending
Added
Jul 15, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
My State MLS
Source Property ID
11542699
Listing Agent: Elkin Serna
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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