Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,150,000

Listed at $2,595,000 · Sold 17.1% below asking · Closed September 11, 2024

Closed For Sale Co-op

$2,595,000

$1,078 per sq ft

50 Gramercy Park N #2A

Gramercy Park, Manhattan

MLS® #RLS10947034

RLS at REBNY

Listing by Sothebys International Realty

2

Bedrooms

2.5

Baths

2,407

Sq. Ft.

1924

Year Built

Quick Summary

Bedrooms 2
Bathrooms 3 full, 1 half
Living Area 2,407 sq ft
Lot Size 7,999 sq ft
Year Built 1924
Ownership Co-op
Maintenance $11,984/mo
Neighborhood Gramercy Park
Floor 2 of 17

Property Highlights

  • Views: Park Greenbelt
  • Exposure: North,South,West facing
  • Outdoor Space: Building Terrace, Terrace, Balcony

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 2 Full, 1 Half
Floor 2 of 17
View Park Greenbelt
Exposure North,South,West
Cooling Central Air
Pets Yes
Year Built 1924
Living Area 2,407 sq ft
Architectural Style Prewar
Structure Type HighRise
Furnished Unfurnished
Lot Size 7,999 sq ft
Block/Lot 00877/0013

Listing History

Event Date Price Change
Listed Aug 30, 2023 $2,750,000 -
Currently Jun 2, 2026 $2,595,000 -5.6%

Description

Wall Street Journal 8/24/2023: “New York’s Famous Gramercy Park Hotel to Reopen After Renovations.” Maialino by Danny Meyer as well. Mint 2 bed on Gramercy Park with expansive 1,000+ sqft private terrace and key to the park. Upon entering over 40 feet of floor to ceiling windows showcase views of Gramercy Park. This large living area offers space for defined dining, living and library areas. The fully equipped kitchen with Subzero refrigerator, Miele appliances and 5 burner stove opens to a breakfast bar and has park views. As you go down the bedroom wing you pass the powder room and the ensuite second bedroom. At the end of the hall is the sprawling primary suite which has a separate sitting room or ideal office. The tranquil primary bedroom itself has room for an additional sitting area and a door that leads out to the 1,074 sqft private terrace. Two walk in closets on the way to the spa like bathroom with steam shower, separate soaking tub, water closet and access to the private terrace. The sprawling private terrace has plenty of space for dining under the pergola, sitting area with sofa and chairs for relaxation and cocktails. Washer/dryer in the apartment. Additional $1,072/month outdoor terrace license fee. Two private storage bins. Current monthly assessment for capital improvements of $3,551. This property was originally built in 1924 by Bing & Bing as the Gramercy Park Hotel at 2 Lexington Avenue and was designed by Robert T. Lyons. 50 Gramercy Park North overlooks Gramercy Park, a private park open only to residents of buildings facing it. An intimate building with just 17 stories and 21 units, residents enjoy a key to Gramercy Park, a 24/7 doorman, close proximity to the 4, 5, and 6 subway lines.

Features & Amenities

Interior Features

Entrance Foyer Eat In Kitchen Elevator Storage Common On Floor Common Area Laundry Room In Unit

Exterior Features

Balcony Building Balcony Building Terrace Terrace Balcony

Appliances

Dryer Washer Dryer Stacked Dishwasher Washer

Building Information

Building Data View Compliance & Permits
Total Units 23
Stories 17
Structure HighRise
Style Prewar

Financial Details

Maintenance $11,984/mo
Original Price $2,750,000
Sale Price $2,150,000
Previous Price $2,750,000

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

172

Median Asking Price

$1.37M

Median $/Sqft

$1,766

Avg Days on Market

N/A

New This Week

6

Price Reduced

29%

Sold (30 Days)

21

Median Sale Price

$1.20M

Live data from RLS at REBNY • Updated 6/2/26, 12:13 PM EST

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Location

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50 Gramercy Park N #2A, Gramercy Park, New York County

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1924
Year Built
102 years old
17
Floors
21
Residential Units
R9A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $10,127,700
Land Value: $4,770,000
Exemptions: $0

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

Lot Area: 7,999 SF
Building Area: 65,480 SF
Built FAR: 8.19
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 $11,984 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 2,407 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1924, making it approximately 102 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. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $2,595,000 for 2,407 sq ft, the asking price per square foot is approximately $1,078. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10947034
First Listed: 8/31/2023
On Market: 8/30/2023
Price Changed: 10/18/2023
Closed: 9/11/2024
Contract Date: 8/30/2023

Listing Courtesy of Sothebys International Realty - Mark Mistovich

Listing Contact: (212) 606-4194

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 6/2/2026 at 4:13 PM UTC

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