Gramercy Arms is a prewar cooperative with renovated amenities, located near popular parks and shopping areas. The building allows co-purchasing, sublets, and pets, and is close to top restaurants, schools, and public transportation. Currently, 2 apartments are for sale.
Gramercy Arms at 102 East 22nd Street is a 10 story, 94-unit co-op designed by Sugarman & Burger and completed in 1928. The Art Deco building is distinguished by its polychromatic glazed terra cotta panels positioned below the second, fifth, seventh, and ninth floors, along with bold three-story terra-cotta piers anchoring its red brick base. The building was converted to residential use in 1987 and features a recently renovated lobby and hallways, along with a video intercom system.
Apartments throughout the building showcase classic prewar details including beamed ceilings, hardwood floors, arched entryways, and gallery entrance halls. Many units feature windowed kitchens and bathrooms, casement windows, and picture frame wall moldings. Higher floor units like 9C offer more elaborate finishes, including a wood burning fireplace, Henrybuilt custom cabinetry, Sub-Zero refrigerators, Viking and DCS stoves, and Miele appliances. Unit 9H features triple exposures with south, north, and west facing windows.
Building amenities include a live-in superintendent, on-site laundry, bike room, and private storage units. The building permits protruding air conditioners but does not have a garage or roof deck. Policies are notably flexible, allowing pets, pied-Ă -terre ownership, co purchasing, and subletting. One listing mentions a maximum financing limit of 75% and a 2% flip tax on sales.
The building sits in Gramercy between Park Avenue South and Third Avenue, steps from Gramercy Park, Madison Square Park, and Union Square. The location provides convenient access to multiple subway lines including the 6, N, R, W, L, Q, 4, and 5 trains, along with proximity to the Union Square Greenmarket, Eataly, Whole Foods, Trader Joe's, and numerous restaurants in both the Gramercy and Flatiron districts.
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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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