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50 Gramercy Park North, #5A

$3,950,000 ($1,837 per ft2) | 2 beds, 3.5 baths | Approx. 2,150 ft2
Building Profile  | 
13 days on Market

Key Details

  • Listed: Sep 6, 2024
    Days on Market: 13
    Building Type: Condop
    Neighborhood: Gramercy Park (Manhattan)
    Doorman: FT Doorman
    Listing viewed 328 times
Monthly Maintenance: $10,620 ($4.94/ft2)
Est. Monthly Mortgage: $19,395
Total Est. Monthly Carrying Cost: $30,015 ($13.96/ft2)
Note: the above is based on a down payment of 20% ($790,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location: This stunning residence is located in the prime Gramercy Park neighborhood, surrounded by the city's best restaurants, fitness facilities, transportation, and entertainment venues. It overlooks Gramercy Park and includes a key to the park, with close proximity to the subway.
  • Renovated Luxury: The property has been beautifully renovated and featured in Architectural Digest, boasting high ceilings, fireplaces in many units, and a wood-paneled library adjacent to the living room. The primary bedroom features a large dressing hall finished in custom millwork.
  • Kitchen and Bathrooms: The kitchen is furnished with a Miele appliance package, and all bedrooms feature en suite bathrooms. The residence can be converted back into a grand 3-bedroom residence.
  • Building Design and History: The building, designed by world-renowned architect John Pawson, has a storied history and modern luxury. It's a co-op building with condo rules, welcoming pied-a-terres and investors.
  • Amenities: The building offers a full-time doorman/concierge, onsite parking/valet, lounge, event room, business center, laundry facility, outdoor entertainment spaces, housekeeping service, butler service, personal shopping, pet walking, private storage, and access to the Gramercy Park Hotel's David Barton fitness center.
  • Additional Services: Residents can enjoy room service from Danny Meyers renowned trattoria, Maialino, and more. Building amenities also include an attended lobby, resident storage, central AC, rooftop terrace, washer/dryer in building, elevator, and fireplaces.

Description

A chic residence, with ideal positioning in building to deliver a stunning view of Gramercy Park. Beautifully renovated and featured in Architectural Digest, this grand two bedroom home features gorgeous views of the park through oversized windows flanking the 40’ frontage.. A wood paneled library adjacent to the living room is a quiet retreat from the busy city.

The kitchen, which opens to the dining room with sliding panels, has wonderful flow and is furnished with a Miele appliance package. The bedrooms, located away from the entertaining space both feature en suite bathrooms. The primary bedroom features a large dressing hall finished in custom mill work, a large primary bathroom, and beautiful sleeping area finished with Madeleine Castaing wallpaper.

This home can easily be converted back into a grand 3 bedroom residence, with each bedroom featuring ensuite bathrooms. 50 Gramercy Park North, designed by world-renowned architect, John Pawson, brings unpretentious luxury to Gramercy Park. This home is surrounded by the cities best restaurants, world class fitness facilities, transportation and entertainment venues. There is a capital assessment (through 12/25) of $3,146.94/mo.

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Listing courtesy of Compass

Pricing History

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About 50 Gramercy Park North

89

50 Gramercy Park North has received a CityRealty Rating of 89, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

25
Out of 44
+
29
Out of 36
+
25
Out of 39
+
10
=
89
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Distinguished 6 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 40 blocks 2 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
Many 2 out of 2 points
Distance To Subway:
Less than 3 Short Blocks 2 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
Less Than 3 Short Blocks 2 out of 2 points
Distance To Water:
More than 6 Short Blocks 0 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
Some 0 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
2 4 out of 5 points
Ceiling:
11-14 Feet 3 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
Substantial 2 out of 2 points
Storage Rooms:
Considerable 2 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
Yes 1 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
Some 1 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Conversion Year: 2006
  • Attended Lobby
  • Concierge
  • FT Doorman
  • Post War
  • Resident Storage
  • Central AC
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Business Center
  • Event Room
  • Lounge
  • Fitness Center
  • Rooftop Terrace
  • On-Site Parking
  • Outdoor Entertainment Space
  • Fireplaces
  • Terraces / Balconies

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Pros
  • Overlooks Gramercy Park
  • Few units
  • Full service building
  • High ceilings
  • Fireplaces
  • Extravagant hotel lobby
  • Rooftop club
  • Concierge
  • Doorman
  • Includes key to Gramercy Park
  • Close to Subway
Cons
  • No balconies
  • Some nightlife noise from very popular hotel
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Subways

  1. 6
at Park Ave 0.09 miles
  1. N
  2. R
at Broadway 0.25 miles
  1. Q
  2. 4
  3. 5
  4. L
at Broadway and 16th 0.31 miles
  1. M
  2. F
at 6th Ave 0.46 miles

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