7 Lexington Avenue 5-E Investor-Friendly Gramercy Opportunity Immediate Subletting Permitted Welcome to Residence 5E at Park Gramercy, a rare opportunity to acquire a turnkey studio in a highly desirable, investor-friendly building in the heart of Gramercy. Unlike many Manhattan co-ops, this building allows immediate subletting after purchase, offering flexibility for investors seeking rental income from day one or buyers looking for a future primary residence with income potential. This well-proportioned studio features soaring beamed ceilings, hardwood floors, and a thoughtfully designed raised platform that maximizes functionality ideal for efficient living and strong rental appeal. The kitchen is outfitted with stainless steel appliances, granite countertops, and slate flooring, while the layout includes three closets and a separate dressing area, a rare and valuable feature for tenants. Gramercy Park continues to be one of Manhattan s most sought-after rental markets, driven by its central location, charming streets, and proximity to top dining, shopping, and multiple subway lines ensuring consistent tenant demand and long-term value stability. Residents of Park Gramercy enjoy full-service amenities including a 24-hour doorman, landscaped roof deck, bike storage, and additional storage, enhancing both tenant experience and rental competitiveness. Whether you re building a portfolio or securing a flexible pied- -terre with income potential, Residence 5E presents a compelling opportunity in a location that consistently performs.