The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$4,999,999
88 Lexington Ave Apt 1506
New York, NY, 10016
View more New York, NY property pages3Beds
3.5Baths
2,265Sqft
$2208$/sqft
Market Insights
Above nearby median+24%
$2208/sqft vs a nearby median of $1776/sqft.
Nearby median$1776/sqft
Nearby properties8
Property size2,265 sqft
- +24% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,265 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$3.88M$3.53M – $4.23M · 50% confidence
vs ask $5.00M+$1.12M (+22.4%)
Asking price is about 22.4% above where comps + adjustments land — there is room to negotiate.
$1,776/sqft median across 6 tight comps × 2,265 sqft= $4.02M
- Open Class C HPD violations−$241k −6.0%
- Transit access+$161k +4.0%
- Days-on-market gravity−$121k −3.0%
- Pre-war character+$101k +2.5%
- Virtually staged−$40k −1.0%
Cumulative NYC adjustments−$141k−3.5%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
Diligence Read2 items to check
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Listing Details
- Days on market
- 181 days
- Last price change
- No change recorded
- Listed
- Nov 12, 2025
- Photos
- 17 photos
- Property type
- condos
- Status
- for sale
Photos
Building Facts
- Year built
- 1927
- Stories
- 18
- Total units
- 89
- Residential units
- 89
- Building area
- 3.18 ac
- Lot size
- 11,282 sqft
- Land use
- Multi-family elevator buildings
- Building class
- R4
From NYC public records where available.
Price History
May 4, 2026Initial record
$4,999,999for sale
Public Records
DOB violations7 open
61 total recorded against the building
HPD violations42 open
8 class C (immediately hazardous)
ACRIS documents0
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)20,994
Top: noise - residential
Top complaint types in ZIP 10016
- Noise - Residential3,095
- Encampment1,859
- Noise - Helicopter1,533
- Illegal Parking1,393
- Homeless Person Assistance1,091
Recent DOB
- Jun 20, 2023V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Dec 17, 2021V-DOB VIOLATION - ACTIVE · EVCAT5-NON-RESIDENTIAL ELEVATOR PERIODIC INSPECTION/TEST ELEVATORREQUIRED
- Sep 27, 2021V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
- Sep 14, 2020V*-DOB VIOLATION - Resolved · E-ELEVATOR ELEVATORREQUIRED
Recent HPD
- Nov 6, 2025Class A · § 27-2005 HMC: POST, IN A FORM APPROVED BY THE COMMISSIONER, AND MAINTAIN A NOTICE IN A COMMON AREA OF THE BUILDING REGARDING THE PROCEDURES THAT SHOULD BE FOLLOWED WHEN A GAS L...
- Nov 6, 2025Class A · §27-2045(B)(5) HMC, § 12-06, 12-10 RCNY POST A PROPER NOTICE OF CARBON MONOXIDE DETECTING DEVICE REQUIREMENTS, IN A FORM APPROVED BY COMMISSIONER, IN A COMMON AREA OF A CLASS A ...
- Nov 6, 2025Class A · § 27-2104 ADM CODE POST AND MAINTAIN A PROPER SIGN ON WALL OF ENTRANCE STORY SHOWING THE REGISTRATION NUMBER ASSIGNED BY THE DEPARTMENT AND THE ADDRESS OF THE BUILDING. AT PUBLI...
- Nov 6, 2025Class A · §27-2045(B)(5) HMC, § 12-01 RCNY POST A PROPER NOTICE OF SMOKE DETECTOR REQUIREMENTS, IN A FORM APPROVED BY THE COMMISSIONER, AT OR NEAR THE MAILBOX MISSING AT PUBLIC HALL, 1st ...
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.