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
Related Articles
Future New York
Arch Appeal: NYC residences with elegant arched windows from $499K
Today, August 17, 2026
Future New York
Top contracts in "empty Manhattan" include half-floor in the Flatiron Building and the penthouse at The Treadwell
Today, August 17, 2026
Future New York
Top 10 most prestigious condos in Midtown East + 12 new towers transforming the premier district
Friday, August 14, 2026
Future New York
Price Cuts: Mary Trump’s 565 Broome SoHo condo reduced; West Village townhouse once home to The New Yorker founder drops $1M
Thursday, August 13, 2026
Future New York
INTERVIEW: Murat Mutlu of INOA Architecture on his future-forward buildings rising across NYC
Wednesday, August 12, 2026
Future New York
Manhattan sales led by a record-breaking Nolita penthouse and a steeply discounted 432 Park pad; Hanya Yanagihara nets 80% profit on Soho loft condo
Tuesday, August 11, 2026
Future New York
NYC building permits reveal a tale of mansions, megatowers, and vanishing apartments
Monday, August 10, 2026
Future New York
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
