If you’re stuck on the idea of living in Manhattan, in a super-desirable neighborhood near just about everything great, but you’re on a budget of under $1 million, you’re probably checking out studios. And if you’re good with studio living, this gorgeous little pre-war co-op at 1 Rutherford Place in Gramercy Park would be hard to turn down. Besides being in a lovely building and possessed of custom details like a wall of steel and glass, you get a private outdoor terrace that’s almost as big as the apartment itself.
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At a house-sized 3,809 square feet, this jumbo co-op at 50 Gramercy Park North, on the market for $9.5 million, is likely two apartments that were combined. As a result, there’s more room for bedrooms, living and entertaining space and more floor-to-ceiling glass to take in the view. The building is also home to the Gramercy Park Hotel, so you get hotel-level amenities as part of the deal, along with a coveted key to the park.
In New York City, where buying and selling real estate is a high-stakes endeavor, the topic of historic and landmark designation is frequently raised. There are heated discussions on the subject of listing neighborhoods or buildings on the State and National Register of Historic Places or having them designated by the city’s Landmarks Preservation Commission. It’s important to know what those organizations do and the distinctions between them. You could even be eligible for significant financial aid for your renovations if you own property in an historic district.
This two-bedroom apartment comes from the co-op building Gramercy Arms at 102 East 22nd Street. The building boasts a great location, midway between Gramercy Park and Madison Square Park. As for the apartment, it’s got plenty of prewar charm and a cute, retro kitchen to boot. And it’s asking $1.8 million.
Built in 1929 and designed by architecture firm Schwartz & Gross, the landmarked 16-story building at 44 Gramercy Park North is “distinguished and eclectic,” according to architecture critic Carter Horsley. Those adjectives certainly describe this out-of-the-ordinary home currently listed at $6.25 million, which 6sqft covered previously, marveling at the co-op’s elaborate “Downton Abbey”-esque Tudor stylings. The sprawling 12th floor apartment was the residence of the building’s owner/developer, so no expense was spared in its creation, which explains Neo-Gothic details like a limestone arch and casement windows, terra-cotta panels and brickwork. The home’s current owners have lived here nearly 50 years.
In its newest incarnation the apartment’s listing offers a combination of units 12A and 12D, turning the size of this Gramercy aerie from grand to palatial at 2,500 square feet, claiming the largest amount of frontage (88 feet) facing south onto Gramercy Park through 14 enormous handcrafted stained glass windows. And the two-in-one situation looks like quite a find for the buyer who likes options.
Just because an apartment is small doesn’t mean it can’t have lots of personality. That’s the case for this alcove studio at The Gramercy House, a co-op at 235 East 22nd Street in Gramercy Park. The building itself makes quite a statement; it was designed by architects George and Edward Blum in 1931 as an impressive Art Deco apartment building. Historic interior details have managed to carry over into this apartment, with moldings, hardwood floors and even a corner wood-burning fireplace.
From the outside, the Gramercy Park townhouse at 132 East 19th Street is immediately impressive. According to this Streetscapes column, it was a brownstone completely redesigned in 1908 by the innovative architect Frederick Sterner. Now the facade boasts a light stucco and huge windows that lend to lovely, bright apartments. The building’s penthouse unit has hit the market and is showing off massive floor-to-ceiling clerestory windows, under 14-foot ceilings, that offer a view over the other landmarked townhouses of Gramercy Park.
Thurman lived at the prewar co-op for nearly 15 years, buying several additional units and combining them—while keeping a hand in the real estate game all the while, including a four-bedroom co-op at the venerable River House at 435 East 52nd Street, purchased from romance author Barbara Taylor Bradford in 2013 for $10 million. She’s finally parting ways with her Gramercy home to make that move uptown. The “Kill Bill” star reminisces in a NY Times interview about her family life in the building, “It was such a cozy place—it really was home for us.”
It is well known that Eloise lived in The Plaza. But the book was published in 1955, well before Manhattan real estate skyrocketed. So what would her apartment be worth today?
In fact, many children’s books have been set in New York City—think “Harriet the Spy” or “Stuart Little.” In this day and age of record-setting prices, how much would those fictional characters have to pay to live in their homes today? Who would have seen the most appreciation, Eloise or Lyle Crocodile?
Much detective work (à la Harriet) reveals the residences of a boy-mouse and a anthropomorphized girl dog span various neighborhoods including the Upper East Side, Gramercy Park, and Park Slope. What follows is a survey of six iconic picture books set in New York City and the current valuations of their fictional homes.
In anticipation of its official sales launch later this winter, Ben Shaoul’s Magnum Real Estate Group has illuminated Luminaire, a 103-unit condominium-conversion at 385 First Avenue in downtown’s Gramercy Park neighborhood. According to the marketing team, the cool-blue lighting scheme, specified by Magnum, is inspired by the building’s floor-to-ceiling windows and sun-bathed units.
It’s true, this unseasonably warm weather isn’t anything to complain about. But it’s hard to look at a fireplace like the one pictured above and not start pining for a winter chill. The grand marble fireplace (which is also wood-burning…perfect for wintertime!) belongs to a one-bedroom apartment at 242 East 19th Street, an Art Deco co-op building in Gramercy Park. Constructed in 1926 and converted to a cooperative in 1984, the 15-story brick Italian Renaissance-style building holds 113 apartments. And since many of the surrounding buildings are low-rise, there’s a great view from the building’s roof deck.
This apartment has the spacious rooms that you often find in prewar apartment buildings. It’s a one-bedroom, although there’s an office space without a window that could be used as a second bedroom. It’s up for sale for $1.2 million by owner and photographer Julia Indrani Pal-Chaudhuri (known simply as Indrani).
There’s a certain prestige that comes with living in the Gramercy Park neighborhood. Sure, if you’re renting an apartment a block away you’re not going to get one of the prized keys into the park. But still, it’s nice to walk by and take a peek at how the other half lives. This rental apartment, a duplex at 228 East 22nd Street, sure isn’t inexpensive—it’s asking $7,500 a month—but it’s still less than the millions you’d pay to live in a condo off the park. Best of all, this apartment comes with plenty of exposures and big windows to soak in the beautiful neighborhood around you.
This almost-2,000 square-foot co-op at 235 East 22nd Street in Manhattan’s elegant Gramercy neighborhood is one of those classic pre-war apartments–created by combining two units–that, when you look at the floor plan, is startlingly spacious. There are room-sized closets, areas for eating and dining, foyers, galleries and office nooks–the antithesis of the tiny NYC apartment. This three-bedroom home also has those charming and sophisticated pre-war details–nine-foot-high beamed ceilings, big rooms, inlaid floors, restored moldings, built-in cabinetry and massive casement windows.
We all know the space itself is what counts in NYC real estate. Quirky objets and freaky art will almost assuredly be bundled out with the departing resident, never to show hide nor hair (literally, in this case) once the van pulls away. On the other hand, though it’s sometimes fun to see what you’re not getting for your $2.4 million, any real estate agent will tell you that staging is no small matter.
Here’s a NYC apartment that’s thoroughly Manhattan, but, if you’re standing in the right spot, could be any suburban home. Located in a bustling East Side spot that’s either Gramercy, Kips Bay, Murray Hill or Midtown South, depending on whom you talk to, this two-bedroom garden condop at 242 East 25th Street just hit the rental market for $6,500/month. And if you can’t bear to part with it, you’re in luck, it’s also for sale (asking $1.995 million).
The apartment is only 939 square feet, but it’s well-configured, with bedrooms on either side of spacious common areas–and, more importantly, one of those areas is a glass-walled solarium that overlooks a 785-square-foot private deck and backyard that extends your space in a way most New Yorkers envy.
Yesterday, we reported that My Micro NY, the city’s first micro apartment complex, was accepting applications for its affordable units, which account for 22 of the building’s 55 studios. Located at 335 East 27th Street on the border of Gramercy and Kips Bay, the building has units that range in size from 260 to 360 square feet. One person earning between $34,526 and $48,350, or two people making between $34,526 and $55,250, qualify for a $950/month studio. And one person making between $53,109 and $78,650, or two people earning between $53,109 and $89,830, qualify for slightly larger $1,492/month studios. Hmm… is this really affordable, especially considering the tiny footprint of these micro dwellings? Tell us what you think and if you’d get in on the action.
Renderings via nARCHITECTS
Moving day inches closer for those looking to claim a module in the city’s first micro apartment complex. As of this week, My Micro NY is fully stacked, rising 120 feet from its site at 335 East 27th Street at the border of Gramercy in Kips Bay. The project, also known as Carmel Place, is the product of a city-sponsored design competition launched by former mayor Michael Bloomberg in 2012 as a way to test out if micro dwellings could be an answer to the city’s housing shortage, and in turn give enough reason for adjusting NY’s dated building codes to allow for smaller units better suited for today’s shrinking households. As it stands, the legal minimum is 400 square feet, while My Micro NY’s apartments measure a mere 260 to 360 square feet.
Paging “Downton Abbey” fans. This Gramercy Park apartment looks more like an English estate than a New York co-op. Located at 44 Gramercy Park North (h/t Curbed), each room is decked out with extravagant features that manage to outdo the others. Elaborate wood carvings, soaring ceilings, stained glass windows, fireplace mantels with sculpture work, the list goes on and on. The listing says, “There is no other place like this.” We think they’re absolutely right.
It’s unusual for a small apartment to come with such a big private outdoor space, but that’s the case at this one-bedroom co-op apartment up for sale at 22 Irving Place. This Gramercy Park pad is cute on the inside, but even better with its 500-square-foot garden. Not only is it beautifully landscaped, with enough space for a table and barbecue, it’s also got its very own koi pond. How much for this little oasis in one of the most desirable neighborhoods of Manhattan? $999,000.
When we think of Gramercy Park it calls to mind stately 19th-century mansions, brownstones and carriage houses—and of course, the elusive crown jewel in the middle of it all, the park itself. But sharing the stage with the neighborhood’s turn-of-the-century aesthetic are a number of newer developments that have an elegance all their own.
We admit it: We’re a bit obsessed with mid-20th century modern design–its architecturally and socially advanced concepts so often result in a perfect mix of aesthetic appeal and livability. Sometimes met with suspicion and derision in its earlier days, modernist architecture has endured the test of time and is having an enormous resurgence in popularity and appreciation. How else could you explain fans’ obsession with the award-winning and pitch-perfect mid-mod sets on Matthew Weiner’s “Mad Men.”
It’s often said that the best ideas in home design are the ones that make the home a great place to live; the origins of modernist design had that idea at their heart. We’ve rounded up a few of the city’s mid-century architectural treasures and a handful of homes that embody modernist style.
Jesse Tyler Ferguson, famous for his portrayal of neurotic lawyer Mitchell Pritchett on the sitcom Modern Family, has scooped up a $1,232,500 Gramercy Park co-op with his husband Justin Mikita, according to city records released today. The one-bedroom apartment at 200 East 16th Street is pretty standard, but will still make a lovely home for the couple when Ferguson isn’t in LA filming.
There’s a gorgeous new penthouse available at 215 East 22nd Street, right in the heart of coveted Gramercy Park. Interior designer Joseph D’Urso went for a minimalist industrial take on this duplex, which is part of the Gramercy Habitat condominium. And with rich wood to add warmth, this lofty $3.35 million condo is a surefire winner.
Everyone’s favorite theoretical physicist, Sheldon Cooper—or Jim Parsons when he’s not playing his famous character on “The Big Bang Theory”—has purchased a $2.9 million Gramercy Park penthouse with his partner, Todd Spiewak, according to city records. In fact, this is the couple’s fourth buy in 36 Gramercy Park East. Yesterday, they also picked up a $815,000 unit; in 2011 they bought a $1.8 million, two-bedroom unit on the 12th floor; and in 2012 they bought an apartment on the same floor for $2.8 million.
36 Gramercy Park East opened in 1906, becoming notable for its ornamental terra cotta façade. In 2009, the building underwent an interior overhaul and sales began on the 53 co-op units. Residents receive a key to Gramercy Park–certainly a selling point for Parsons, whose main residence is Los Angeles.
[Via The Real Deal]
Tatiana von Furstenberg, singer, filmmaker and daughter of fashion mogul Diane von Furstenberg, has sold her luxury co-op at 1 Gramercy Park for $4,240,000, according to city records. She purchased the home in 2006, and since her address of record is in Los Angeles, perhaps she’s becoming a permanent West Coaster–or moving to her mother’s beloved Meatpacking District neighborhood.
The four-story Italianate brownstone mansion was originally home to Dr. Valentine Mott in 1849. He founded Rutgers Medical College and was president of the New York Academy of Medicine. Luckily for Tatiana, if she misses her private keyed access to Gramercy Park, she can now digitally tour the storied green space thanks to Airbnb and Google Maps.
Image via Daytonian in Manhattan
For the vast majority of New Yorkers, the closest look they’ve gotten into Gramercy Park is peering through the perimeter wrought iron gates. As one of the most elite and inaccessible outdoor spaces in the city, only those who live in dwellings circling the park have keyed access via an annual fee. That is, until now. Thanks to a rule-breaking Airbnb-er, the world can now revel in the verdant splendor that is Gramercy Park.
From June to September of 2013, crowds were flocking to the Guggenheim for a chance to stare up at the famous rotunda, recast as an enormous volume filled with shifting artificial and natural light. Titled Aten Reign, the show cemented installation artist James Turrell‘s reputation as a major cultural force in New York City. But now that the fanfare has died down, the Flagstaff, Arizona-based artist and his wife have sold their apartment at 26 Gramercy Park South for $2.1 million, according to city records released today.
Get ready for another blockbuster sale. Following in the footsteps of Hilton who just sold off the Waldorf Astoria Hotel to Chinese Insurance Company Anbang for $1.95 billion, Aby Rosen and Michael Fuchs have put their prized Gramercy Park Hotel on the market. Crain‘s reports that the 186-room, 18-story hotel located at 2 Lexington Avenue could sell for an impressive $260 million.
The hotel was renovated back in 2006 for $200 million and then encountered several bumps during the recession which led its owners to default on a mortgage loan—and the eventual restructuring of debt after buying then-partner Ian Schrager’s share in the property. Now, Rosen and Fuchs are banking on the strength of the Manhattan hotel market, which has historically seen a discount when it comes to Downtown properties. If the hotel is to sell at more than its valued $260 million, on a per-room basis, it will garner a trading price greater than higher than the $1.4 million per suite seen in the Waldorf deal.
According to Crain’s, the owners are also considering other options like refinancing of the hotel or selling off just a percentage of ownership. Eastdil Secured is marketing the building to potential investors.
The listing says it best: “Left Bank meets East side of Gramercy Park.” This beautiful apartment at 34 Gramercy Park East offers a modern take on nineteenth century Paris, as well as keys to the private Gramercy Park– the best of both worlds for New York-based Francophiles.
Located in the 1883-built, landmarked Queen Anne building known as “the Gramercy” (the oldest co-op in New York), this two-bedroom home features ten windows with north, east, and west facing exposures, as well as the perfect combination of historic details and modern touches.
If you’re looking for a pied-a-terre in the coveted historic Gramercy Park, you’re in luck. An adorable one-bedroom penthouse at 206 East 18th Street has just popped up on the market, and it’s the perfect setting for anything from dinner parties to book club. This charming pad won us over with a lovely skylit living room, so we had to take a look inside to see what else it has in store.
With a prime location overlooking Gramercy Park, accessible solely to those with keys, the 183-year-old Renaissance revival Gramercy Park Hotel was built on the site of infamous architect Stanford White’s home (which had replaced the house where novelist Edith Wharton was born) nearly 90 years ago. The neighborhood, the park, and the hotel date as far back as the 1830s, when more than 60 swampy lots were allocated to developers looking to lure downtown city folks to a new “uptown” community. In time, those lots were transformed into what is now 39 dwellings surrounding a leafy park reserved for a select few lucky enough to live in luxurious homes framing the two-acre park between 20th and 21st Streets at Irving Place. But it wasn’t until 1925 that the stately hotel opened its doors at 2 Lexington Avenue. By 1930, it was extended westward along the park frontage on 21st street, and today it is one of the city’s most coveted quarters.