Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $12,995,000

· Sold at asking price · Closed April 16, 2020

SOLD: 40 Gramercy Park N
SOLD $12,995,000
Sold Single Family Residence

$12,995,000

$1,805 per sq ft

40 Gramercy Park N

Gramercy Park, Manhattan

MLS® #RLS10613025

RLS at REBNY

Listing by Compass

6

Bedrooms

7.5

Baths

7,200

Sq. Ft.

1851

Year Built

Sale Details

Sale Price $12,995,000
Original List Price $12,995,000
Close Date April 16, 2020
vs. Asking Sold at asking price

Property Summary

Bedrooms 6
Bathrooms 7 full, 1 half
Living Area 7,200 sq ft
Year Built 1851
Neighborhood Gramercy Park

Description

A once-in-a-generation opportunity to own one of only five single family townhomes with a Gramercy Park address, this rare property includes a key to Manhattan?s only private park. This grandly scaled, six-story home - with an elevator - offers both the classic charm and elegance of a 19th century townhouse as well as modern comforts. While there is also a rare opportunity to completely re-construct the property, as it lies just outside the Gramercy Park Historic District, the scale and elegance of the existing residence are outstanding, and it could easily be adapted to any discerning buyer?s needs. With multiple living and entertaining spaces, 6 bedrooms, 6 full- and 3 half-baths, the house currently spans approximately 7,200 gross square feet, and could be enlarged below-grade and/or utilizing some excess as-of-right square footage. The existing layout is ideal for entertaining on a grand scale, as well as for gracious and comfortable day-to-day living. Most rooms take advantage of the full 20.5? width of the house, and there are exceptional ceiling heights throughout, reaching nearly 13? on the parlor floor. Upon entering through the glass-enclosed vestibule, a large entrance hall leads to the first of several entertaining spaces, a central stair and elevator, a guest bedroom suite, and access to the balcony overlooking the rear garden. The first floor kitchen doubles as a prep kitchen for larger gatherings, but allows this floor to function as a self-contained guest apartment. The garden level includes a staff bedroom with en-suite bath, kitchenette, a recreation room, powder room, and french doors that lead out to the nearly 28? deep garden. The parlor level includes formal front and rear parlors spanning the full width of the house, a guest powder room, wet bar, and walk-in wine storage closet. The front parlor has french doors leading out to a balcony with views of Gramercy Park. Both parlor rooms feature 12?11? ceilings and wood-burning fireplaces. The third floor includes a massive eat-in kitchen overlooking the garden, a pantry, powder room, laundry, and a large living room with a wood-burning fireplace. A lavish two-story primary suite includes two master baths, a walk in closet, fireplace, double-height windows, and a separate study up a private stair. All is bathed in light through a massive skylight, with grand 17?7? ceilings along the window wall. The fourth and fifth floors have three additional bedrooms and two full baths. The roof could be re-built to feature a large terrace with views over Gramercy Park. See the proposed alternative floorplan for the potential to create a lavish home within the existing perimeter envelope, and behind the existing facade, or bring your architect and reimagine the possibilities completely. The house could also be extended toward the street to bring the facade flush with the adjacent buildings. Built in 1851-2, 40 Gramercy Park North is a brownstone-faced Anglo-Italianate townhouse on a 20.5? wide by 98.75? deep lot. This is truly a remarkable offering in a coveted Gramercy Park location.

Property Details

Type Single Family Residence
Total Rooms 15
Year Built 1851
Living Area 7,200 sq ft

Similar Active Listings in Gramercy Park

View All
RLS at REBNY

Listing courtesy of Joshua Wesoky at Compass. 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. This 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.

Active Listings Contact Milton
WhatsApp Email