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Gramercy Towers is an 18-story cooperative building with 175 units, completed in 1956 and located at 32 Gramercy Park South. The building offers amenities such as a laundry room, roof terrace, and on-site garage, and is conveniently situated near transportation, shopping, and dining options. Currently, 2 apartments are for sale.
Gramercy Towers is a 175 unit post-war co-op at 32 Gramercy Park South, where shareholders may purchase an annual key to Gramercy Park. Completed in 1956, the 18 story red brick building has simple Mid Century Modern lines, broad picture windows and occasional terraces.
Large windows and open exposures bring substantial natural light to many apartments. Flexible alcoves and windowed bonus rooms recur in smaller layouts, while several larger residences were created by joining adjacent apartments. Corner plans have double exposures, and west facing rooms overlook the park area’s landmarked row houses and gardens.
The full service staff includes a 24 hour doorman and live-in resident manager. A landscaped roof garden has panoramic views that include the Empire State Building, Chrysler Building and MetLife Tower; the building also has an on-site garage, central laundry room, package room and resident courtyard. Capital work has refreshed the lobby, hallways and laundry room, replaced the boiler and added a backup generator.
The co-op permits pets and considers pied-à-terre ownership and joint purchases with board approval. Financing of up to 80 percent is permitted, and there is no flip tax. Irving Place is close by, Union Square is several blocks southwest, and the Flatiron District and Madison Square Park lie to the west.
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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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