Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
48 GRAMERCY Park N #1B

For Sale · Listing by Brown Harris Stevens Residential Sales LLC

48 GRAMERCY Park N #1B

Gramercy Park, Manhattan

$1,350,000

Interested in this property?
Active For Sale • Co-op

$1,350,000

48 GRAMERCY Park N #1B

Gramercy Park, Manhattan

48 Gramercy Park North

MLS® #RLS20092058

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

1
Bedroom
2
Baths
N/A
Sq. Ft.
1858
Year Built

Quick Summary

Bedrooms 1
Bathrooms 2
Year Built 1858
Ownership Co-op
Maintenance $3,195/mo
Neighborhood Gramercy Park
Floor 1

Property Highlights

  • Fireplace: 1 fireplace
  • Climate Control: Other
  • Character: Pre-war building (1858)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 2 Full
Floor 1
Cooling Other
Pets Yes
Year Built 1858
Structure Type HighRise
Basement Other
Parcel # 0877-0025-00048-000-00001BC
Block/Lot 00877/0025

Listing History

Event Date Price Change
Listed May 18, 2026 $1,495,000 -
Currently Oct 2, 2026 $1,350,000 -9.7%

Description

Your Own Private Garden-Plus a Key to Gramercy Park Freshly updated and beautifully presented, this exceptional garden residence at 48 Gramercy Park North combines the intimacy of townhouse living with one of Manhattan's most coveted addresses. The gracious one-bedroom home opens to its own beautifully landscaped and irrigated private garden-an extraordinary extension of the living space and a rare retreat in the heart of the city. Newly installed floors and fresh paint give the apartment a crisp, refreshed feel, while a wood-burning fireplace adds warmth and character. The thoughtfully designed kitchen is equipped with Miele and Sub-Zero appliances and offers everything needed for both everyday living and entertaining. Two full bathrooms are an unexpected luxury in a one-bedroom home-one with a shower and the other featuring a charming claw-foot tub. Central air completes the modern comforts. Elegant, distinctive and wonderfully private, this is a home that embraces the history and character of Gramercy Park while offering the ease of contemporary living. 48 Gramercy Park North is an intimate eight-story, five-residence cooperative overlooking New York's oldest private park. The building offers an elevator, virtual doorman, central laundry and private basement storage. Pied-à-terre ownership and pets are permitted. Shareholders enjoy the extraordinary privilege of access to Gramercy Park.

Features & Amenities

Interior Features

Building Other Fireplace (1)

Exterior Features

Garden Private Outdoor Space Under60 Sqft

Building Amenities

Elevators

Building Information

Financial Details

Maintenance $3,195/mo
Original Price $1,495,000
Previous Price $1,495,000

Gramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.

Gramercy Park Live Market Data

View Neighborhood

Active Listings

138

Median Asking Price

$1.46M

Median $/Sqft

$1,708

Avg Days on Market

N/A

New This Week

8

Price Reduced

25%

Sold (30 Days)

17

Median Sale Price

$1.36M

Live data from RLS at REBNY • Updated 10/1/26, 11:57 PM EST

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Location

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48 GRAMERCY Park N #1B, Gramercy Park, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
5
Floors
8
Residential Units
R9A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $1,570,500
Land Value: $540,000
Exemptions: $8,820

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,307 SF
Building Area: 7,866 SF
Built FAR: 3.41
Allowed FAR: 7.52

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $3,195 per month. Confirm the exact amount with Milton Coste before making an offer.

This property has 1 bedroom and 2 full bathrooms.

According to MLS records, the building was constructed in 1858, making it approximately 168 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property: pet friendly,Building Pets Allowed Comments:pet friendly. Contact Milton Coste for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20092058
First Listed: 5/18/2026
On Market: 5/18/2026
Price Changed: 10/1/2026
Contract Date: 5/18/2026

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Elese Reid

Listing Contact: (212) 396-5861

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/2/2026 at 3:57 AM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Gramercy Park Market Update

17 sales last 30 days · $1.46M median · 8.1 months supply

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New listings in this building

Quick Facts

Status Active Type Co-op Neighborhood Gramercy Park Borough Manhattan
County New York
Floor 1
Year Built 1858
First Listed 5/18/2026
Maintenance $3,195/mo

Monthly Costs Estimate

Down Payment 20%

$270,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $3,195
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$13,500

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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