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| Building size | 168,232 sq ft |
|---|---|
| Building dimensions | 99 × 114 ft |
| Stories | 18 |
| Sq ft per floor | 9,346 sq ft |
| Year built | 1927 |
| Lot area | 11,282 sq ft |
|---|
| Units | 89 |
|---|---|
| Zoning | C62A |
| Building class | R0 |
| Block / lot | Block 882 / Lot 7503 |
| Built FAR | 12.29 |
|---|---|
| Max residential FAR | 6.02 |
| Max commercial FAR | 6.00 |
| Max facility FAR | 6.50 |
| Tax class | 2 |
|---|---|
| Rent regulated | Likely |
88 Lexington Avenue was built in 1927 — roughly 99 years old. For property-tax purposes it falls under Class 2 (residential buildings with four or more units, condos and co-ops), taxed at 12.439% of a taxable value based on 45% of the city’s income-derived market value.
The building already exceeds what current zoning would allow (12.29 built FAR vs. a maximum of 6.50) — typically a grandfathered or overbuilt structure that could not be rebuilt to this size under today’s rules. With 89 units in a building of this age, some apartments are likely rent-stabilized — worth verifying with DHCR before purchase.
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Data: NYC Department of Finance and Dept. of City Planning (PLUTO) via NYC Open Data. Figures are public records, may lag current bills, and can exclude abatements. Not financial advice.