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Explore Gramercy Park Neighborhood in New York City

Real Estate New Developments

General Information


Gramercy Park is one of Manhattan's most prestigious and tranquil neighborhoods, known for its historic charm and exclusivity. Situated in the heart of the city, it is defined by its beautiful, tree-lined streets and the private Gramercy Park, which is one of the only two private parks in New York City. The neighborhood offers a quiet, residential retreat from the busy urban environment while still being within close proximity to the vibrant attractions of Midtown and the East Village. The area's elegance, combined with its rich history and strong sense of community, makes it a highly desirable destination for both residents and visitors seeking a refined urban experience.

Real Estate Information

Gramercy Park’s real estate market is one of the most sought-after in New York City. The neighborhood is renowned for its historic brownstones, luxurious co-op buildings, and grand apartments, many of which have been carefully preserved to maintain the area’s architectural integrity. Homes in Gramercy tend to be more spacious compared to other parts of Manhattan, with some offering private gardens, terraces, or views of the park itself. As one of the city’s most exclusive areas, real estate prices are typically on the higher end, with the added benefit of access to the private Gramercy Park, a coveted amenity for residents who hold one of the park's exclusive keys. The neighborhood is also well-connected, with easy access to public transportation, including the 4, 5, 6, L, and N subway lines, making it a prime location for professionals and families seeking both convenience and tranquility.

Historical/Interesting Facts

Gramercy Park has a rich history that dates back to the 19th century. It was designed by Samuel Ruggles in the 1830s as a planned residential community surrounding a central park. Gramercy Park was one of the first gated parks in New York City, intended for the exclusive use of residents in the area, and it quickly became a prestigious neighborhood. By the late 1800s and early 1900s, Gramercy Park had become home to New York's elite, including prominent families, artists, and intellectuals. Notable historical figures such as Washington Irving and John Steinbeck lived in the neighborhood during its heyday. Despite its proximity to the growing city, Gramercy Park maintained its quiet, village-like atmosphere, largely preserving its character as New York’s "best-kept secret." Today, Gramercy continues to maintain its historical significance while offering a modern lifestyle for its residents, blending old-world charm with contemporary luxury.

Properties Statistics

Total Properties

150

Median Asking

$2,133,489.29

Sale Price/ft²

$1,808.50

Average Home Size

812 ft²

Average Home Age

68 years

Based on results from 150 properties

Buildings in this Sector

Eastville Gardens317 east 18th street

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242 East 15th Street242 east 15th street

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GRAMERCY EAST CONDO312 east 22nd street

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GRAMERCY ARMS102 east 22nd street

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18 Gramercy Park18 gramercy park south

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Gramercy Park Th136 east 19th street

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Foundry, The310 east 23rd street

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CONDO ON THE PARK7 gramercy park west

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FAQ about Gramercy Park