A four-building condominium including both new and converted structures
Gramercy Park has long been considered one of the most desirable neighborhoods in downtown Manhattan. For some, the appeal comes from its quiet, leafy streets and elegant architecture, but for others, it’s the neighborhood’s namesake private park. In the 2010s, two development firms (Chetrit Group and Clipper Equity) saw the opportunity to incorporate the beloved aspects of the Gramercy Park neigborhood into a condominium. Interestingly, the project was also a case of adaptive reuse. The former Cabrini Medical Center, which closed in 2008, was gutted and converted to form three of the condominium’s four distinct buildings. The fourth, completed in 2017, was built from the ground up. Along East 19th Street, The Tower rises 18 stories, and The Prewar, built in 1931 to span nine floors, still features its original stone exterior. On 20th Street, The Modern has a bronze-toned facade and sits at seven stories. Next to it, The Boutique also has its original stone-and-brick facade and includes eight levels, each one housing a single, full-floor apartment, granting residents a similar setup to the neighborhood’s stunning and sought-after townhouses.
“Even though it’s four buildings, Gramercy Square is one condominium,” explains Matthew Mackay, an associate broker at Douglas Elliman. “They share about 40,000 square feet of amenities, which are accessible from all four buildings.” Half of that is a 20,000-square-foot courtyard (nearly half an acre) which acts as a private park of sorts for residents. “During the conversion, they took The Tower down to the skeleton — just the cement slabs and the steel structure — and entirely rebuilt it,” Mackay says. “The only reason they didn't start from the ground up is because of the neighborhood’s height restrictions. They would have had to build a much smaller building than the current 18-story structure.” Not only does each building have a unique size and facade, but the units within also have their own floor plans and finishes. As such, the condominium appeals to a wide range of buyers.
Four separate buildings, each with its own personality
Today, The Tower features a glass-and-stone facade. Inside each of the 130 units, this translates to nearly floor-to-ceiling windows, where ceilings stretch anywhere from 10 to 15 feet. “The Tower is our marquee building,” Mackay says. “The layouts are quite large. For example, one-bedrooms start around 1,200 square feet. On the upper floors, some larger three- and four-bedroom residences range from 3,500 to 5,000 square feet.” Inside, contemporary kitchens feature custom light oak and black cabinetry, plus marble counters and backsplashes. Some include wine refrigerators, warming drawers and built-in coffee makers. Just east of The Tower, The Prewar pairs open layouts with traditional touches such as painted white kitchen cabinets, tray ceilings and basket weave tile floors in marble-clad bathrooms. “For The Prewar, they kept the original facade, but the building itself was cored out, and all of the systems are new,” Mackay says.
Across the courtyard, The Modern’s units are more subdued. Light finishes — from the white cabinets and vanity to the pale, wood kitchen island and marble bathroom walls — brighten the apartments. Lastly, The Boutique includes either a three- or four-bedroom residence on each of its eight levels, all outfitted with chevron hardwood floors and a transitional-style chef’s kitchen with a large suite of appliances: two integrated refrigerators, two integrated dishwashers, double wall ovens, a wine fridge, a warming drawer and a combination gas, induction and grill cooktop. Heavily veined marble covers the counters and backsplash, and polished nickel hardware accents the white, inset cabinetry. Units in every building include washer/dryers, while penthouses and select ground-floor residences come with private outdoor spaces. Additionally, all have their own attended lobbies and two elevators, save for The Tower which has three elevators.
Studio to four-bedroom apartments with prices over $1 million
In The Tower, studios have sold between $1.05 million and $1.42 million, and one-bedrooms have sold for as much as $3.05 million. Larger residences range from $2.9 million for a two-bedroom to nearly $15 million for a four-bedroom. Units in The Prewar, which range from studios to three-bedrooms, have sold for between $1.4 million and $6.2 million in recent years. The Modern only includes one- and two-bedroom apartments, where prices range from $1.35 million to $2.45 million. In The Boutique, which includes only eight residences, listings start at $5.9 million for the first-floor unit and reach up to $9.4 million for the penthouse.
A below-grade amenities club spans the whole complex
The outdoor space at Gramercy Square is, of course, a huge perk. Atop The Modern, residents will find a well-designed roof deck with grills and a covered dining pergola, plus the large courtyard between buildings below. “The landscaping throughout the development is quite extensive,” Mackay says. “The courtyard was planted very early on, so even though the condominium is not that old, it's a mature garden. There are lots of tree canopies, as well as a second kitchen and multiple little seating areas.” As great as the courtyard is, there’s even more lying beneath it. From the courtyard’s heated atrium (which offers pseudo-outdoor seating in the winter months), an elegant curved staircase leads to a below-grade amenities club.
“We have about 20,000 square feet of interior amenities on the lower level that run below the entire project and connect to the four buildings via elevator,” Mackay says. “Pretty much everything you can imagine is on site.” There are several hang-out spots, including a dining room with a catering kitchen, a screening room, a billiards lounge and a seating area that connects to a small sunken courtyard, which fills the subfloor with natural light. Residents can swim in the 75-foot saltwater pool, which has skylights above, and there’s also a hot tub, a sauna and a poolside yoga room. The lower level of Gramercy Square’s two-story gym also overlooks the pool, and residents can utilize the two locker rooms post-swim or workout. Like many new condominiums, there’s a golf simulator, plus a bike room and storage. Outside The Tower, a curved driveway is ideal for drop-offs, and a valeted parking garage caters to those with cars. Each building has a door attendant, and there’s one concierge and one live-in resident manager for the whole property.
A peaceful atmosphere with plenty of nearby attractions
Gramercy Park is known for its ideal balance of charming, tree-lined streets and proximity to shopping and dining. Residents of Gramercy Square, in particular, enjoy a serene, mid-block setting. “It’s a very residential area,” Mackay says. “We’re on a side street, whereas many new developments tend to be on [busier] corners or avenues.” Although it’s private, Gramercy Park is only one block from the condominium. For those without a key to the park, there’s more green space at Stuyvesant Square Park and Union Square. “There are tons and tons of restaurants in the neighborhood, too,” Mackay says. “You’re two blocks from Park Avenue South, which has upwards of 50 restaurants between 17th and 23rd streets alone.” As for transportation, the hub at Union Square has eight subway lines and numerous buses, and FDR Drive is close by for those traveling by car.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
3/ 10
Biker's Paradise
Bike Score®
95/ 100
Walker's Paradise
Walk Score®
99/ 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
1 min walk
Basketball
Multi-Purpose Field
Augustus St. Gaudens Playground
1 min walk
Basketball
Playground
Stuyvesant Square
4 min walk
Dog Park
Trails
Events
Bellevue South Park
9 min walk
Basketball
Dog Park
Volleyball
Vincent F Albano Jr Playground
9 min walk
Playground
Union Square Park
10 min walk
Dog Park
Picnic Area
Trails
Asser Levy Playground
11 min walk
Stuyvesant Cove Park
11 min walk
Lower East Side Playground
12 min walk
Basketball
Volleyball
Playground
Schools
Source:
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Disclaimer: Please note that this building may not be in these schools' attendance zones.
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