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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

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
$5M - $6M
Price Range
$1,652
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
 

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
 

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.
  • 447 Available for Sale
  • $1,737 Avg. Price / Ft2
  • $1,959,654 Avg. Price
  • $1,100,000 Median Price
  1. Most Expensive Rose Hill Apt PHA | $18,750,000
    Price / ft2 $4,267
  2. Least Expensive Rutherford Place Apt C11 | $199,000
    Price / ft2 $632

Famous Residents

 

Alternate Address

  • 2 Lexington Ave

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