A crop of new condos is quickly rising a stone’s throw away from Gramercy Park. Addressed at 200 East 21st Street, at the southeast corner of Third Avenue, the 65-unit tower is being developed by Alfa Development, whose new builds include Village Green West, 199 Mott Street and Chelsea Green. While these new residences won’t have keys to the coveted patch of green space, mid- to upper-level units in the building will enjoy views of its treetops, along with skyline icons such as the Empire State, Metropolitan Life Insurance and Consolidated Edison buildings. As of yesterday, the building is beginning to frame its seventh floor and will top out later this year at 20 stories, 210 feet tall.
Bravo Builders are the construction managers and are working alongside BKSK Architects, GACE Consulting Engineers, and GEA Consulting Engineers. Champalimaud Design is handling the interiors. Their recent work includes the interiors for the upcoming Upper West Side tower called The Chamberlain, in Yorkville and One Waterline Square.
Per the floor schedule, there will be ground-level retail, no more than 5 units per floor and an amenity package that will include an attended lobby fitness center, lounge, craft room and bike storage.
Alfa purchased the four-building parcel from Kevin Maloney’s Property Markets Group and Apex Investments for $69.6 million in 2015. A flurry of new condo developments is moving forward nearby and include the Toll Brothers’ 121 E 22 designed by OMA Architects, Clipper Equity/Chetrit Group’s Gramercy Square and 150 East 23rd Street designed by ODA Architects.
Bravo Builders are the construction managers and are working alongside BKSK Architects, GACE Consulting Engineers, and GEA Consulting Engineers. Champalimaud Design is handling the interiors. Their recent work includes the interiors for the upcoming Upper West Side tower called The Chamberlain, in Yorkville and One Waterline Square.
Per the floor schedule, there will be ground-level retail, no more than 5 units per floor and an amenity package that will include an attended lobby fitness center, lounge, craft room and bike storage.
Alfa purchased the four-building parcel from Kevin Maloney’s Property Markets Group and Apex Investments for $69.6 million in 2015. A flurry of new condo developments is moving forward nearby and include the Toll Brothers’ 121 E 22 designed by OMA Architects, Clipper Equity/Chetrit Group’s Gramercy Square and 150 East 23rd Street designed by ODA Architects.
Rendering of 200 East 21st Street; BKSK Architects via Bravo Builders
CityRealty Market Data
In this article:
Prices in the neighborhood encircling Gramercy Park have been on the up and up. The Average closing price of condo currently stands at $1,848 per square foot, 37% higher than the Manhattan average.
CityRealty
Workers are now beginning to frame the 7th floor. The prized corner site will grant homes sweeping views of Gramercy Park and Midtown and dowtown skylines.
Google Earth aerial of the Gramercy Park area; CityRealty
Would you like to tour any of these properties?
Related Articles
Future New York
Sustainable living in NYC: LEED and Passive House buildings + Beautiful availabilities inside
Wednesday, April 22, 2026
Future New York
Landmarks praises residential conversion/restoration of NoMad's Baudouine Building, Seeks revisions to rooftop addition
Tuesday, June 23, 2026
Iconic Addresses
Paul Newman's parkside office sells 47% over ask; Pre-war condo conversions lead Manhattan sales
Tuesday, June 23, 2026
Future New York
NYC contracts led by $18.5M Upper East Side mansion and a bespoke Billionaires' Row condo
Tuesday, June 23, 2026
Future New York
Brick is Back: NYC developments revive the warmth of masonry; See Morris Adjmi's new design for 277 Canal Street
Friday, June 19, 2026
Coney Island
Knicks in Five: 35 NYC condo and rental buildings with basketball courts
Thursday, June 18, 2026
Future New York
Price Cuts: Baz Luhrmann’s Gramercy townhouse slashed by $7M; New discounts at Brooklyn and Queens’ tallest towers
Thursday, June 18, 2026
New Jersey
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
