2 Lexington Avenue
Gramercy, Manhattan
Parcel ID (BBL): 1008770018
Owner: Mcr Development
Acquired: August 23, 2023, $179.8 million
Debt: January 15, 2026, $20 million
Built: 1924
Renovated: 1989
SF: 188,933
Dwelling units: 23
No. of buildings: 1
Class: Luxury Type – Built Prior to 1960 (H1)
Floors: 16
Legacy BBLs: 1008770018.00000000
Transactions:
• MCR Development borrowed $20 million from Bank of Montreal for 2 Lexington Avenue, Gramercy, Manhattan on January 15, 2026.
• Solil Management sold 2 Lexington Avenue, Gramercy, Manhattan for $179.8 million to MCR Hotels on August 23, 2023.
• RDAC 8 LLC on January 22, 2021 bought a loan with an original principal of $75 million from JPMorgan Chase Bank, signed by Simon Burce, secured by 2 Lexington Avenue, Gramercy, Manhattan, when owned by RFR Holding.
Development:
• Pete Foster filed major alteration job M01138293 for 210,714 sqft J-1 building with 203 apartments in Gramercy, Manhattan, on November 15, 2024.
• Charles Rosemarino filed major alteration job 120868560 for 210,446 sqft R-1 building with 203 apartments in Gramercy, Manhattan, on October 24, 2011.
• Pete Foster filed alteration job M01384413 for 3,455 sqft J-1 building with 203 apartments in Gramercy, Manhattan, on May 11, 2026.
• Pete Foster filed alteration job M01390374 for 2,200 sqft J-1 building with 203 apartments in Gramercy, Manhattan, on May 11, 2026.
• Pete Foster filed alteration job M01384855 for 3,455 sqft J-1 building with 203 apartments in Gramercy, Manhattan, on May 11, 2026.
• Pete Foster filed alteration job M01390339 for 2,200 sqft J-1 building with 203 apartments in Gramercy, Manhattan, on May 11, 2026.
• Pete Foster filed alteration job M01322625 for 300 sqft J-1 building with 203 apartments in Gramercy, Manhattan, on December 03, 2025.
Most recent Schedule of Occupancy
Litigation:
• Solil Management filed a $79.5 million lawsuit 652560/2021 against RFR Holding and Aby Rosen on April 16, 2021,seeking a money judgment related to ground rentat 2 Lexington Avenue.
Violations:
According to city public data, the properties have received $7,500 in ECB penalties and $8,700 in OATH penalties in the last year.