An Art Deco co-op in Gramercy Park designed by George and Edward Blum
An exuberant Art Deco exterior distinguishes Gramercy House from its more subtle neighbors at the northern edge of Gramercy Park. Completed by New York architecture firm George and Edward Blum in 1931, the 17-story building features elaborate tile patterns surrounding its canopied entrance on East 22nd Street, with one horizontal band above the second floor stretching across the entire building. These geometric Art Deco motifs are rendered in blue, green and tan, creating a striking contrast with mottled beige and orange brick on the rest of the exterior. Starting above the third floor, the corners of the building are studded with bricks offset at a 45-degree angle, which gives the structure added visual intrigue. Once inside, the spacious, light-filled lobby has more of an Art Moderne vibe, with chunky white columns, dark-wood door surrounds, terrazzo floors and curvaceous armchairs. The front desk area, helmed by a 24-hour doorman, sports an eye-catching set of wooden wall panels that evoke a tiger’s stripes. Despite containing a sizeable 339 units, the co-op, which was converted in 1983, has a financing structure that requires residences to be owner-occupied, so there’s a strong community feel.
Residences starting at $385,000 and unique financing structures
Most of the residences at Gramercy House are variations of studios, one-bedrooms and two-bedrooms, with a few larger combinations rarely available. Prices for studios range between $385,000 and $515,000, while one-bedroom homes are priced anywhere from $750,000 to $1.3 million. A two-bedroom unit sold in May 2024 for $1.5 million, and a three-bedroom was acquired in March 2024 for $1.8 million. As the prewar property is nearly a hundred years old, many of the original floors, finishes and fittings have been replaced, but certain commonalities remain. “Many units have wood-burning fireplaces and beamed ceilings, regardless of size,” says Danelle Snider, a broker with Compass who has been selling at Gramercy House for more than 15 years. “Windowed kitchen and baths are also prevalent, which you don’t get with postwar construction.” Several of the upper-floor units come with private terraces created by setbacks, and some feature city views that stretch to the towers on Billionaires’ Row. Notably, the building operates under a unique financing structure that allows up to 75% financing for studios, and up to 60% financing for one and two-bedroom units. Subletting, co-purchasing and pied-a-terres are not permitted. This policy works to enhance a sense of community within the property, which is also known to host building-wide events and celebrations in the lobby marking special holidays, such as Halloween. “Once in the building, people tend to stay for many years and often buy within the building as they outgrow their current space,” adds Snider.
White-glove service and a private English-style garden with fountain
The white-glove building is secured by a 24-hour doorman and offers a concierge as well as a live-in super to assist should any issues arise. The biggest perks are a pair of shared outdoor spaces, a street-level English-style garden and a rooftop terrace. Enclosed by a tall wrought-iron gate with Art Deco detailing, the 5,000-square-foot courtyard garden features mature trees as well as manicured shrubs and flowers, with vines climbing several of the surrounding walls as a fountain gently masks surrounding noise. A series of wooden benches plus tables and chairs make it a popular spot for residents to relax when weather permits. The shared rooftop is furnished with chaise longues, dining sets and planters against the backdrop of Midtown Manhattan skyscrapers, including the Chrysler Building and One Vanderbilt. “It’s definitely an oasis,” says Snider. The basement level holds a shared laundry room, as well as bike storage and storage lockers. While the building does not contain a private gym for residents, a Pilates studio operates as a tenant on the street level.
A vibrant neighborhood offering a variety of cuisines and recreational spaces
While situated next to bustling commercial districts such as Union Square and NoMad, Gramercy Park retains a residential feel with its tree-lined streets and handsome stock of prewar co-ops and condo buildings. The major supermarket near Gramercy House is the Morton Willaims a block away, while Eden Gourmet Marketplace on Third Avenue offers a higher quality selection of items. Farm-fresh produce and local baked goods can be found four days a week at the Union Square Greenmarket, about a 15-minute walk from the building. The popular park is also the scene of many special events throughout the year, notably a holiday market with upwards of 185 vendors throughout December. Within a block of the property are a variety of well-reviewed restaurants serving a range of cuisines, including Thai at Malii Gramercy, Chinese at Awesum Dimsum and Irish pub grub at Molly’s. Green spaces are plentiful in the neighborhood, which is named after a historic park that requires a key to enter. (Access is not a perk at this building.) Among the other parks nearby are Peter’s Field, Augustus St. Gaudens Playground and Bellevue South Park, which underwent a $5 million renovation in 2023. The building itself is home to several ground-floor retails tenants along Second Avenue, such as Club Pilates, ProHealth Pharmacy and a UPS Store. Directly across the street is a modernist building of worship by architecture firm Belfatto and Pavarini, Church of the Epiphany, which also includes a K-8 school.
10 minutes from the 6 train
The property is a 10-minute walk to the nearest subway station, the 6 train at 23rd Street, and about 15 minutes from Madison Square Park, where the N, Q, R and W trains all stop. Multiple buses pass along 23rd Street, including the crosstown M23, as well as several inter-borough express lines that shuttle riders between various locations in Brooklyn and Staten Island. (Among them are the BM1, BM2, BM3, BM4, SIM3, SIM6, SIM11 and SIM13.) Additionally, FDR Drive is two blocks away, and there’s an NYC Ferry terminal just south of 20th Street, at Stuyvesant Cove. A Citi Bike dock is also located just across the street from Gramercy House.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
3/ 10
Biker's Paradise
Bike Score®
93/ 100
Walker's Paradise
Walk Score®
100/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Peter's Field
2 min walk
Basketball
Multi-Purpose Field
Augustus St. Gaudens Playground
3 min walk
Basketball
Playground
Stuyvesant Square
6 min walk
Dog Park
Trails
Events
Bellevue South Park
7 min walk
Basketball
Dog Park
Volleyball
Vincent F Albano Jr Playground
7 min walk
Playground
Asser Levy Playground
9 min walk
Madison Square Park
10 min walk
Dog Park
Picnic Area
Playground
Union Square Park
12 min walk
Dog Park
Picnic Area
Trails
Stuyvesant Cove Park
12 min walk
Schools
Source:
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