38 Gramercy Park is a prewar cooperative located at 38 Gramercy Park East and offering residents keys to Gramercy Park, the only private park in Manhattan. Residential amenities include elevator, central laundry room, bike room, storage lockers for rent, the services of an on-site superintendent, and furnished roof deck.
The National Arts Club is half a block away, and the building is close to critically acclaimed restaurants and top boutiques. Pets, subletting, co-purchasing, gifting, and pied-a-terres are all permitted.
In February 2025, the building was purchased by Legion Investment Group and will be demolished to make way for an 11-story, 13-unit condominium. The developers have also approved permits to build a 14-story, 64-unit condominium next door at 152 East 21st Street / 258 Third Avenue.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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