For $410,000, this efficient Gramercy studio is a smart starter home

Centrally located in Gramercy, just north of the park, this co-op studio in the gorgeous landmarked pre-war building 4 Lexington Avenue is currently on the market for $410,000. While tiny, it features a smart layout, full-service amenities and a covetable location, making it a great option as a starter home for a young professional. For those needing more space, an adjacent studio unit is also on the market, and the board is open to combining the two apartments. 

Though compact, the efficient layout features built-in storage solutions throughout and a space-saving Murphy bed to maximize the amount of space you do have. Nine-foot ceilings, recessed lights, and large windows overlooking East 22nd Street bring lots of light in and help the space feel more open and airy.

The unit has an open kitchen with a dishwasher, full bathroom, and AC. Other building amenities include a full-time doorman, resident manager, central laundry room, elevators, bike room, and additional storage space.

The apartment is located in the Sage House, originally built in 1912 in a 16th-century Florentine palazzo style by architect Grosvenor Atterbury. It served as the headquarters of the Russell Sage Foundation and was converted to co-ops in 1975. In 2000, the building was designated by the Landmarks Preservation Commission.

[Listing: 4 Lexington Avenue, Unit 2P by Janet Shin and David Gomez Pearlberg of Compass]

[At CityRealty]

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Images courtesy of Compass