# 2 Lexington Avenue, Manhattan

Hotel · built c. 1924 · Block 877, Lot 18.

On Umarelli: https://umarelli.org/nyc/1008770018/2-lexington-avenue

More construction in Gramercy: https://umarelli.org/nyc/manhattan/gramercy.md

Every lot on block 877: https://umarelli.org/nyc/manhattan/877.md

## Building permits

- Alteration, filed Oct 7, 2026, estimated cost $15K, described as “Modifications to existing sprinkler system including sprinkler heads and piping related to restaurant renovation. No change in occupancy, use or egress.”
- Alteration, filed Sep 30, 2026, estimated cost $370K, described as “Partial interior renovation of existing 1ST floor spaces inclusive of restaurant & kitchen spaces. New finishes and lighting with partition modifications. No change in occupancy , use or egress.”
- Alteration, filed Aug 25, 2026, estimated cost $50K, described as “Modification to existing sprinkler system for interior renovation of existing 17TH floor spaces inclusive of bar and lounge, commercial kitchen, back of house spaces, and toilets rooms within the gramercy park hotel. No change in…”
- Alteration, filed Aug 21, 2026, estimated cost $1.5M, described as “Interior renovation of existing 17TH floor penthouse, including reception, lounges, toilet rooms, bars, finishes, and lighting throughout, partition modifications,new windows and doors throughout the penthouse, including new openings,…”
- Alteration, filed Jul 7, 2026, estimated cost $100K, described as “Modifications to existing Sprinkler system per plans filed. No change in occupancy, use or egress.”
- Alteration, filed Jul 6, 2026, estimated cost $225K, described as “Interior demolition and construction of non- load bearing partitions and hung ceilings per plans filed herewith. No change in occupancy, use or egress.”
- Alteration, filed May 11, 2026, estimated cost $24K, described as “Modifications to existing sprinkler system related to partial interior renovation of existing 1ST floor spaces inclusive of toilet rooms and hotel lobby. No change in occupancy, use or egress.”
- Alteration, filed May 11, 2026, estimated cost $15K, described as “Modifications to existing sprinkler system related to partial interior renovation of exist. 1ST floor spaces with public bar space (rose bar). No change in occupancy, use or egress.”
- Alteration, filed May 11, 2026, estimated cost $260K, described as “Partial interior renovation of exist. 1ST floor spaces with public bar space. New finishes, lighting and replacement of exist. Fireplace. New exterior lighting fixtures, window awnings and replacement of exist. Bronze door within existing…”
- Alteration, filed May 11, 2026, estimated cost $1.4M, described as “Partial interior renovation of existing 1ST floor spaces inclusive of toilet rooms and hotel lobby. New finishes and lighting with partition modifications. Updates to existing marquee with new metal panel finish and modified lighting.”
- Alteration, filed Dec 3, 2025, estimated cost $200K, described as “Existing Elevator Bulkhead renovation.”
- Alteration, filed Sep 18, 2025, estimated cost $241K, described as “Installation of temporary sprinkler loops. No change to use, egress and/or occupancy.”
- Alteration, filed Aug 26, 2025, estimated cost $10K, described as “Installation of pylwood fence as per plans. Plywood fence shall comply with chapter #33 of the 2022 code no change in use, egress or occupancy under this application.”
- Alteration, filed Jun 24, 2025, estimated cost $1K, described as “Installation of temporary material hoist as per plan. There is no change in use, egress, or occupancy. The materail hoist at the lexington avenue (front) elevation from the top of the sidewalk bridge to the top of the building including…”
- Alteration, filed Jun 23, 2025, estimated cost $1K, described as “Installation of temporary overhead protection as per plan. No change in use, egress, or the overhead protection is at the southwest neighbor's backyard and the northwest neighbor's backyard.”
- Alteration, filed Jun 11, 2025, estimated cost $1.6M, described as “Modifications to existing Sprinkler System related to Guestrooms renovation.”
- Alteration, filed Apr 13, 2025, described as “IRA to assist with Condition Assessment.”
- Alteration, filed Mar 11, 2025, estimated cost $25K, described as “Installation of pipe scaffolding as per plans. All equipment shall comply with chapter # 33 of the 2022 code. No change in use occupancy or egress under this application.”
- Alteration, filed Feb 26, 2025, estimated cost $1.7M, described as “Facade Repairs at floor locations 2-18 and roof per plans filed.”
- Alteration, filed Feb 24, 2025, estimated cost $13.2M, described as “General Construction renovations related to guestrooms on floors 3-16th (17th market).”
- Alteration, filed Feb 21, 2025, described as “Installation of suspended scaffold for facade work and/or inspection.Amend #3 added scaffold drops and outrigger detail”
- Alteration, filed Jan 3, 2025, estimated cost $50K, described as “Demolition of existing steam piping as per plans filed herewith. No change to use, egress or occupancy.”
- Alteration, filed Dec 3, 2024, estimated cost $20K, described as “Installation of 300 psf sidewalk shed as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Nov 15, 2024, estimated cost $455K, described as “Proposed Addition at the 17th fl. & Roof Level which will serve as added space to the exist. Kitchen on the 17th fl. & Mechanical rm at the Roof level.”
- Alteration, filed Sep 30, 2024, estimated cost $250K, described as “Interior partitions and partial demolition on floors Cellar, 1-16 and Penthouse which includes Hotel guestrooms, Tenant floors and Public spaces per plans filed herewith.”

2 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1008770018/2-lexington-avenue.

## Property taxes

- Assessment: $29,659,500
- 2026–27 tax: $2,960,274
- Market value (city estimate): $65,910,000
- Taxable value: $27,288,660
- Assessed land: $7,200,000
- Assessed improvements: $22,459,500

## Zoning

R9A: floor area ratio 17.57 built, above the 7.52 base zoning allows, which bonuses, transfers or older rules can permit.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology