50 Gramercy Park North, #2A (Compass)
During Gramercy Park Hotel's heyday, the building was often at the center of the gossip pages for its guests that included Humphrey Bogart, Babe Ruth, Bob Dylan, a young John F. Kennedy, David Bowie, Hunter S. Thompson, and Debbie Harry. The hotel closed in 2020 during the pandemic and never reopened, but it remains in the gossip pages nonetheless. RFR Realty ("RFR"), which took over and revamped the hotel in 2003, stopped making payments on its ground lease while the hotel was closed, arguing that the leasehold was worthless amidst the state of the hospitality market at the time. Landlord Solil Management ("Solil") sued in April 2021 to terminate RFR's lease and collect the $79.5 million owed under the agreement.
Solil won the case in June 2022, but their legal woes are not yet over — Union Square Hospitality Group has recently sued them for refusing to allow access to Maialino, the restaurant on the ground floor of the hotel and a longtime hot spot for local power brokers. Solil alleges that the restaurant abandoned the property, but the restaurant group claims they have been denied access and have not been able to retrieve their wine and liquor, artwork, kitchen equipment, furniture, china, and glassware.
Amidst all this, it is the end of an era for Gramercy Park Hotel. In fall 2022, the hotel auctioned off everything from the furnishings to bathrobes to the dishes. Last night, Union Square Hospitality Group reopened Maialino (vicino) in spaces they already had at the nearby Redbury Hotel ("vicino" is Italian for "neighbor") with chef Joe Downey-Zayas at the helm.
Solil won the case in June 2022, but their legal woes are not yet over — Union Square Hospitality Group has recently sued them for refusing to allow access to Maialino, the restaurant on the ground floor of the hotel and a longtime hot spot for local power brokers. Solil alleges that the restaurant abandoned the property, but the restaurant group claims they have been denied access and have not been able to retrieve their wine and liquor, artwork, kitchen equipment, furniture, china, and glassware.
Amidst all this, it is the end of an era for Gramercy Park Hotel. In fall 2022, the hotel auctioned off everything from the furnishings to bathrobes to the dishes. Last night, Union Square Hospitality Group reopened Maialino (vicino) in spaces they already had at the nearby Redbury Hotel ("vicino" is Italian for "neighbor") with chef Joe Downey-Zayas at the helm.
50 Gramercy Park North as seen from Gramercy Park (Stribling)
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As for the building itself, which now goes by 50 Gramercy Park North, rumors have swirled about a condo conversion for the rooms and residential units on top that operate as "co-ops with condo rules." Between The Plaza, The Towers of the Waldorf Astoria, and J.W. Marriott Essex House, such a move would not be unheard of. Arlene Harrison, president of the Gramercy Park Block Association, points out that because Gramercy Park North is not part of the historic district and the building is not an individual landmark, there are few restrictions on what can be done with the property.
In the meantime, the building continues to market residential units for sale and for rent. When Gramercy Park Hotel was open, residents enjoyed access to the hotel’s staff, amenities, and restaurants. That is no longer the case, but owners can still benefit from a prime downtown address and a key to New York's only private park.
Last week, a two-bedroom apartment in the building had its price cut in a move that brings the cumulative reduction to $1.55 million, or 34.4%. It is one of the 437 sales units that experienced price reductions over the past seven days. A selection of notable listings may be found below.
Last week, a two-bedroom apartment in the building had its price cut in a move that brings the cumulative reduction to $1.55 million, or 34.4%. It is one of the 437 sales units that experienced price reductions over the past seven days. A selection of notable listings may be found below.
51 East 90th Street, #1B (Core Group NYC)
From the Listing: Endless potential and tremendous value can be found in this charming and spacious five-room maisonette with all of the services of a white-glove doorman cooperative in the heart of Carnegie Hill. The space was previously a medical office within a residential apartment but can easily be converted into a beautiful two-bedroom, two-bath townhouse-style residence. It may also be used as a live/ work or professional space for medical-related professions. There are currently one-and-a-half baths, with the potential for adding a second full bath. Additional features include a washer/dryer hookup, hardwood floors, high-beamed ceilings, and new windows that have been installed throughout. See floor plan and full details here.
50 Gramercy Park North, #2A (Compass)
From the Listing: Upon entering #2A, you are welcomed by a foyer opening up to the great room featuring floor-to-ceiling windows showcasing over 40’ of direct, 180-degree views of Gramercy Park. Recessed lighting warms the room. Gracious space for separate dining room, living room and bonus space, each area generously proportioned and with gorgeous exotic teak wood floors throughout. The spacious kitchen just off the foyer is clad in American cherry wood, satin-finished Varenna cabinetry, double sinks designed by Pawson, Sub-Zero refrigerator, Miele oven, dishwasher and a 5-burner stove. Over 1,000 square feet of private outdoor space and a key to Gramercy Park! See floor plan and full details here.
Madison Court, #4D (Pari Passu Realty)
From the Listing: Live next door to Central Park in this fully-renovated, pin-drop quiet studio located on Madison Avenue. The unit has hardwood floors and a large cedar-lined closet with a charming sliding ladder for access to the storage space above. The kitchen has a full-sized window and a center island, and is loaded with brand new top-of-the-line appliances, including a dishwasher and built-in microwave. The renovated, windowed bathroom features glass tiles and a glass shower door. See full details here.
The Filmore, #4L (The Corcoran Group)
From the Listing: This huge pre-war one bedroom coop features a windowed eat-in kitchen with stainless steel appliances, separate dining area, corner bedroom large enough to hold a king-size bed, and a large living room that is entered through a pair of French doors. Apartment features hardwood floors and crown moldings throughout. See floor plan and full details here.
3 Hanover Square, #18B (Douglas Elliman)
From the Listing: One of the largest studio layouts in the building has come on the market: this high floor, extra-large studio has beautiful, bright views of neighboring limestone buildings with architecturally rich displays of gargoyles and eagle sculptures. The B line provides ample room for a large living/sleeping area, separate dining room, private dressing room adjacent to the bath, and a separate kitchen. There is built-in seating with storage all along the windows. The unit is sold with a beautifully crafted Murphy bed and loads of custom built-in closets throughout. See floor plan and full details here.
400 East 17th Street, #103 (Poljan Properties)
From the Listing: Unit 103 comes with its own private entrance and has been meticulously renovated with a modern design sensibility. The large living space comfortably accommodates dedicated living and bedroom areas. The thoughtfully designed open kitchen is outfitted with crisp cabinetry and new Blomberg stainless-steel appliances, including a dishwasher, induction cooktop and over-the-range convection microwave.
See floor plan and full details here.
One Museum Mile, #8BC (The Corcoran Group)
From the Listing: The original owners combined two 2-bedroom/2-bath apartments, creating a masterly designed living space. Upon entering through the gracious gallery foyer, you are lead into a light filled great room with both west and south facing tree-top views through oversized windows of Central Park, Fifth Avenue and the Manhattan skyline. While the state-of-the-art kitchen is an open design and includes a dining counter with seating for four, there is a separate dining area for those who would rather gather around a table for their morning coffee or lunch. The west facing primary bedroom has two large custom designed walk-in closets, a large linen closet and en- suite tile bath. See floor plan and full details here.
The Chelsea Mercantile, #15I (Compass)
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From the Listing: This light-filled, grandly scaled loft apartment with low monthly carrying costs and 14 oversized tilt-and-turn windows sits on a prime, corner perch in The Chelsea Mercantile, Downtown’s pioneering full-service loft condominium. Set on a high floor with clearance to the north, this rare apartment with 10+ft ceilings is entered via a gracious entry gallery with a large coat closet that leads to the expansive living room with windows facing east and north that infuse this home with artist’s light all day long. An open kitchen with stainless steel appliances allows for gracious entertaining on a grand scale. See floor plan and full details here.
80 Central Park West, #11H (Compass)
From the Listing: This Upper West Side junior one-bedroom offers a generous-sized living room with brand new floor-to-ceiling corner windows. The main room offers enough space for a separate dining area along with a spacious seating area. The large windowed kitchen offers new marble flooring and newly finished wood cabinets. In addition, this special home has a large walk-in closet in the entryway, brand new HVAC unit, new hardwood floors throughout, and the apartment has been meticulously painted with new baseboard molding. See full details here.
Tower East, #26A (Coldwell Banker Warburg)
From the Listing: Enjoy unsurpassed and amazing views of Central Park from Apartment 26A, a renovated, sun-filled, and corner 3-bedroom, 3-bathroom home perched on a high floor of a full-service luxury building. Large room proportions and oversized windows throughout this west-facing apartment provide incredible Central Park views from the living room, dining room, primary suite, and second bedroom. The grand living room is 25 feet wide and perfect for both living and entertaining. See floor plan and full details here.
The Dandy, #3FL (Compass)
From the Listing: Spanning 4,804 square feet, this gorgeous loft boasts striking cast-iron columns, 13-foot exposed brick coved ceilings, hardwood floors, and the ultimate luxury - an abundance of space. Entering from the key-locked elevator, you are immediately met by a balance of dramatic design and natural light. The sprawling open floor plan unfolds to the massive 36' x 45' Great Room, where 5 oversized east-facing arched windows illuminate the room. With top-of-the-line appliances and a center island, the beautifully designed kitchen is complemented by a 1,000-bottle temperature-controlled wine cellar and an opposite-facing wet bar. See floor plan and full details here.
The Nina Condominiums, #1A (Compass)
From the Listing: Residence #1A is a ground floor duplex with a 935-square-foot private back garden, a massive lower level rec room/office/studio, a huge kitchen with stainless steel appliances and massive stone countertops, and in-unit washer/dryer. On the main level, you will find a large bedroom and full bathroom with deep soaking tub, designer tile, and marble finishes. Proceed downstairs to the lower level, spanning almost 700 square feet of wide open space, plus a half bathroom. See floor plan and full details here.
The Orion, #10L (Compass)
From the Listing: This well-laid out corner unit features city skyline views with southern and western exposures, floor-to-ceiling windows, hardwood floors, and an open kitchen with granite countertops, stainless steel appliances and breakfast bar. The apartment’s split floor plan makes it both modern yet functional with the primary bedroom and en-suite bathroom separated by the kitchen and living room which provides privacy from the second bedroom. See floor plan and full details here.
104 Charlton Street, #1/2E (Douglas Elliman)
From the Listing: Enter this well-proportioned home into the large open 48’ long living space with exposed brick, built-in bookshelves, beautiful mouldings, maple mahogany stained floors, recessed lighting throughout and central air. The custom open kitchen features, Sub-Zero, Viking, and Bosch appliances with an enormous island, Silestone counters and limestone mosaic back splash. Upstairs are 3 bedrooms, 2 baths, and a washer/dryer. The huge rec room downstairs is perfect for a playroom, home gym, home theater, or whatever suits your needs. See floor plan and full details here.
422 West 49th Street, #5 (Brown Harris Stevens)
From the Listing: Residence 5 features thermally insulated double glazed oversized windows, wide engineered white oak floors with light brushing, key-locked elevator access, and Juliet balcony. The kitchen features custom cabinetry with LED under-cabinet lighting, Frost white quartz countertops, and a suite of Bosch appliances. Building amenities include a virtual doorman, private storage for all units, common roof deck, part-time building superintendent, and bike storage. See floor plan and full details here.
The Pythian, #6G (Essential New York Real Estate)
From the Listing: Brilliant southern exposure drenches this unique two-bedroom, two and half-bath duplex residence. Soaring high ceilings, bright open views and over-sized windows two stories high with outstanding architectural details like no other. Contemporary chef’s kitchen features stainless steel Jenn-Air appliances, granite countertops, deep sink with garbage disposal, wine cooler, abundant storage, breakfast island and laundry. The loft-like feel draws you into the primary suite where natural light pours in through a wall of windows presenting a bird’s eye view of the extraordinary living area below. See floor plan and full details here.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
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