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A blog from CityRealty (Links below will take you to the 6sqft site)

Gramercy Park Hotel, 50 Gramercy Park North

Between Park Avenue South & Lexington Avenue

Key Details

  • Year Built 1924
    Converted Year 2006
    Building Type Cooperative
    Neighborhood Gramercy Park
  • Total Apartments 23
    Total Floors 17
    Doorman FT Doorman
    Pets Allowed
Avg. Price / ft2
Avg. Price / ft2
Avg. Price / ft2

Description

Created by Ian Schrager and designed by acclaimed British architect, John Pawson, 50 Gramercy Park North is the perfect combination of storied history and modern luxury. Residential life is exceptional with white-glove hotel-like amenities including a full-time doorman/concierge, onsite parking/valet, lounge, event room, business center, laundry facility, outdoor entertainment spaces, housekeeping service, butler service, personal shopping, pet walking, private storage, access to the Gramercy Park Hotel's David Barton fitness center, room service Danny Meyers renowned trattoria, Maialino and more. It stands in excellent proximity to NoMad and Union Square and all the fine dining, nightlife, shopping and entertainment venues, including New York institutions Gramercy Tavern, Eleven Madison Park and the original Shake Shack, the neighborhoods offer.This desirable co-op building with condo rules welcomes pied-a-terres and investors. 

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Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • Post War
  • Resident Storage
  • Central AC
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Business Center
  • Event Room
  • Lounge
  • Fitness Center
  • Rooftop Terrace
  • On-Site Parking
  • Outdoor Entertainment Space
  • Fireplaces
  • Terraces / Balconies

Apartments for Sale at 50 Gramercy Park North (2)

2
Available Apts
$7M
Price Range
$2,052
Avg. Price / ft2
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Apartments for Rent at 50 Gramercy Park North (3)

3
Available Apts
$28,000
Prices Start At
$106
Avg. Price / ft2
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Rating

25
Out of 44

Architecture Rating: 25 / 44

+
29
Out of 36

Location Rating: 29 / 36

+
25
Out of 39

Features Rating: 25 / 39

+
10
=
89

CityRealty Rating Reference

 
Architecture
  • 30+ remarkable
  • 20-29 distinguished
  • 11-19 average
  • < 11 below average
 
Location
  • 27+ remarkable
  • 18-26 distinguished
  • 9-17 average
  • < 9 below average
 
Features
  • 22+ remarkable
  • 16-21 distinguished
  • 9-15 average
  • < 9 below average
  • #43 Rated co-op in Manhattan
  • #3 Rated co-op - Downtown
  • #1 Rated co-op - Gramercy Park
 
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Carter Horsley's Review

Carter Horsley's Building Review
"In late 2004, numerous older hotel properties in the city in prime locations began to be converted to luxury condominium apartments to take advantage of a very, very strong market for such units.

Some of these projects involved total conversion such as the former Intercontinental Hotels on Central Park South and on Lexington Avenue at 48th Street and the former Stanhope Hotel on Fifth Avenue at 81st Street; others involved partial conversions such as this property and the Plaza and St. Regis Hotels on Fifth Avenue; and demolition, such as the Mayflower Hotel, whose lot is now occupied by 15 Central Park West." Read Carter's Full Review
Pros
  • Overlooks Gramercy Park
  • Few units
  • Full service building
  • High ceilings
  • Fireplaces
  • Extravagant hotel lobby
  • Rooftop club
  • Concierge
  • Doorman
  • Includes key to Gramercy Park
  • Close to Subway
Cons
  • No balconies
  • Some nightlife noise from very popular hotel

Broker & Buyer Comments

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More Neighborhood Info

Subways

  1. 6
at Park Ave 0.09 miles
  1. N
  2. R
at Broadway 0.25 miles
  1. Q
  2. 4
  3. 5
  4. L
at Broadway and 16th 0.31 miles
  1. M
  2. F
at 6th Ave 0.46 miles
 

Sales Summary - Past 12 Months

View By Apartment Sizes
Past 12 Months
$3,725,000
Avg. Price
Based on 2 Sales
 

Closing History - Last 10 sales

10
Units Sold
$3M - $7.8M
Price Range
$1,860
Avg. Price / ft2

Pricing Comparison of Similar Buildings

View Detailed Comparison

In The Neighborhood: What’s Available & Sales Stats

Not enough data available to generate chart.
  • 277 Available for Sale
  • $1,758 Avg. Price / Ft2
  • $2,335,764 Avg. Price
  • $1,250,000 Median Price
  1. Most Expensive 78 Irving Place Apt PH | $37,500,000
    Price / ft2 $4,759
  2. Least Expensive 330 Third Avenue Apt 2K | $350,000
Not enough data available to generate chart.
  • 186 Available for Rent
  • $70 Avg. Price / Ft2
  • $5,292 Avg. Price
  • $4,000 Median Price
  1. Most Expensive Gramercy Park Hotel Apt 10A | $37,000
    Price / ft2 $145
  2. Least Expensive Sage House Apt 11P | $1,995
Data is based on sales from past 12 months and only transactions for which we have approximate square footage information available are included above
Not enough data available to generate chart.
  • 264 Total Sales
  • $1,426 Avg. Price / Ft2
  • $1,421,929 Avg. Price
  • $882,500 Median Price
  1. Most Expensive Crossing 23rd Apt NPH2 | $8,044,175
    Price / ft2 $2,950
  2. Least Expensive 224 East 18th Street Apt 3B | $335,000

Famous Residents

 

Alternate Address

  • 2 Lexington Ave

Featured New Developments

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