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.
gramercy park key
In November, 2014, 6sqft reported that light installation artist James Turrell had sold an apartment at 26 Gramercy Park South for $2.1 million. The famed conceptual artist is based in Flagstaff, Arizona, so the sale didn’t come as much of a surprise. However, now it’s come to light (no pun intended) that he and his wife Kung Lim-Lee Turrell own more real estate in the neighborhood.
According to city records released today, Turrell has sold his personal apartment at 2 Gramercy Park West (an historic Italianate mansion known as the James Pinchot House that’s been divided into seven units) for $2,225,000. The artist’s former home is a full-floor residence that comes with a much-coveted key to the park, a private garden, and, not surprisingly, an enormous skylight.
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.
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.