Gramercy Arms, built in 1960 and converted to a cooperative in 1985, is a 16-story white-brick building located at 145 East 15th Street between Irving Place and Third Avenue. The full-service building contains 248 apartments and features numerous balconies throughout its façade. The property sits across from the landmark Con Edison Building and is conveniently positioned near Union Square, Gramercy Park, and the Flatiron District.
The building offers comprehensive amenities including 24-hour doorman service, a live-in superintendent, central laundry facilities, bike storage, common storage, and a parking garage with direct building access. A recently renovated lobby welcomes residents, and the property features a beautiful garden for residents' enjoyment.
Situated in a prime location, Gramercy Arms provides easy access to multiple transportation options at Union Square, including the 4,5,6, L, N, Q, and R trains. The neighborhood offers abundant shopping options including Whole Foods, Trader Joe's, and the Union Square Greenmarket, plus numerous restaurants and cafes. The co-op maintains a flexible policy, allowing pets, pied-à-terres, and subletting with board approval, while permitting up to 80% financing.
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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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