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Average sales prices for co-ops in Gramercy Park were at an all-time high in the first quarter of 2018, according to research from CityRealty.
The average price of a co-op in the neighborhood was $1.14 million in the first quarter, up from $1.03 million in the fourth quarter of 2017 and narrowly beating the previous record of $1.13 million in the third quarter of 2017. In fact, the past three quarters represent the first in which average co-op prices in Gramercy have been above $1 million.
Of the 57 co-op sales recorded in the neighborhood in the first quarter, the most expensive was the $5.4 million sale of unit 2F/2R in 1 Gramercy Park West, a three-bedroom, two-bathroom unit.
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44 Gramercy Park #12A (Douglas Elliman)
The second most expensive co-op sale in the first quarter was the $4.4 million sale of unit 12A in 44 Gramercy Park North, a two-bedroom, two-and-a-half bathroom unit.
See more photos of the extraordinary home here.
Both the top sales were in prewar buildings where ownership confers keys to Gramercy Park.
Average closing prices for co-ops in Gramercy Park (CityRealty)
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Or call us at (212) 755-5544
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