It's been a long road to reality for 325 Lexington Avenue, but the 33-story condo tower is finally nearing completion and will launch sales this fall. Plans for a zig-zagging building by Studio Dror were dropped, and H. Thomas O'Hara was brought on to create the slightly cantilevered building rendered and sketched above (YIMBY has a few construction shots from last summer showing the facade). Developed by Carmel Partners (their first condo project in NYC) and Times Square Construction & Development, the building, located between 39th and 38th Streets in Murray Hill, holds 123 units studios, one-, and two-bedrooms and two full-floor penthouses.
[Screenshot of the teaser site]
Carmel has not released even a hint of pricing information, but they have launched a teaser site. StreetEasy shows that the overall median sale price in Murray Hill is $787,000, but the neighborhood's many co-op buildings bring this figure down. The median price for a one-bedroom condo is $1.087 million, which is a much more likely price point for 325 Lexington.