Richard Gere Picks Up $2.25M Old-World Condo With Keys to Gramercy Park

Posted On Thu, March 17, 2016 By

Posted On Thu, March 17, 2016 By In Celebrities, Gramercy Park, Recent Sales

Last week, news hit that Richard Gere‘s former Noho apartment in the Silk Building had finally found a renter. It took eight months to get a tenant in to the sprawling live/work space, which was last listed at $20,000/month. Good thing the transaction went through, because the Post is now reporting that the actor turned activist picked up a $2.25 million Gramercy condo. The sale at 34 Gramercy Park East, which comes with a coveted key to the park, actually went through back in July, according to city records, but apparently Gere is extensively renovating the two-bedroom home and has only stopped by a few times since the summer. Sources say that he found out about the apartment through his friend Jimmy Fallon, who owns a whopping five units in the building.

34 Gramercy Park East-8AF-3

34 Gramercy Park East-8AF-4

34 Gramercy Park East-8AF-5

The 1,113-square-foot apartment was once home to Broadway actress Margaret Hamilton, best known for her role as the Wicked Witch in “Wicked.” It first listed back in January, 2015 for $1,595,000, almost $1 million less than what Gere ultimately paid. The corner unit “has old world charm,” as per the listing, with original shutters, moldings, and fireplace, which isn’t currently working, but can converted to gas.

34 Gramercy Park East-8AF-6

Gere is also trying to sell his 6.3-acre Hamptons estate, which first listed in the summer of 2013 for $65 million. The 19,000-square-foot, 12-bedroom mansion is now going for $47.5 million.

[Via NYP]

[Listing: 34 Gramercy Park East, #8AF by Lynne Lerner of RES New York]


Images via RES New York

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Neighborhoods : Gramercy



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