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50 Gramercy Park North, #15AB

$4,000,000 ($1,050 per ft2) | 3 beds, 2.5 baths | Approx. 3,809 ft2
Building Profile  | 
100 days on Market

Key Details

  • Listed: Sep 17, 2024
    Days on Market: 100
    Building Type: Condop
    Neighborhood: Gramercy Park (Manhattan)
    Doorman: FT Doorman
    Listing viewed 826 times
Monthly Maintenance: $21,339 ($5.60/ft2)
Est. Monthly Mortgage: $21,397
Total Est. Monthly Carrying Cost: $42,736 ($11.22/ft2)
Note: the above is based on a down payment of 20% ($800,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Expansive Full-Floor Residence: Breathtaking 3,809-square-foot layout with 75 feet of uninterrupted views of Gramercy Park.
  • Luxurious Master Suite: Generous master bedroom with a wood-burning fireplace, spacious dressing room, and a lavish en-suite bathroom designed by Mary-Kate Olsen.
  • Gourmet Chef's Kitchen: Modern kitchen equipped with industrial-grade stainless steel appliances, including a Miele gas stove and Sub-Zero refrigerator.
  • Exclusive Hotel Amenities: Access to 5-star services from the adjacent Gramercy Park Hotel, including housekeeping, room service, and a state-of-the-art fitness center.
  • Key Access to Gramercy Park: Shareholders enjoy exclusive key access to the historic and picturesque Gramercy Park, enhancing everyday living.
  • Elegant Living Spaces: Sunken loft great room with floor-to-ceiling windows and a cozy wood-burning fireplace, perfect for entertaining.

Description

**Please note that the sellers could subsidize a portion of the maintenance costs. Pied-à-Terre, co-purchasing, parents buying for students and employed children, as well as LLC and trust ownership, are all welcome. Subletting is permitted without board approval, and guarantors are embraced. Pets are warmly welcomed. This residence is a must-see in person, where beauty and space harmoniously meet privacy, offering the finest perks of NYC living. Experience effortless luxury living with all the benefits of residential living and a 5-world class hotel. Built in 2006, 50 Gramercy Park North offered condo owners the opportunity to indulge in the iconic Gramercy Hotel’s luxurious lifestyle, with absolute special access. Exclusive Amenities and Hotel Services: Residents enjoy two discreet and private entrances to the adjacent 5-star Gramercy Park Hotel, granting them exclusive access to an array of amenities and white-glove services.

These include housekeeping, room service, a state-of-the-art fitness center, concierge services, massage and spa treatments, catering, babysitting, pet walking, valet parking, and the enchanting rooftop garden and meeting rooms. The hotel is anticipated to reopen in late 2025 to early 2026. Shareholders enjoy the rare privilege of key access to this historic and picturesque park, infusing their daily lives with a touch of timeless elegance. The Residence: Welcome to an exquisite 3,809-square-foot full-floor home, offering 75 feet of uninterrupted views over Manhattan’s exclusive Gramercy Park. Bathed in natural light from the south, east, and west, this stunning residence features an expansive, sunken loft great room with a wood-burning fireplace and floor-to-ceiling windows that illuminate the space.

The generous master bedroom suite, adorned with its own wood-burning fireplace, boasts a spacious dressing room and a lavish en-suite sanctuary bathroom. Indulge in the oversized oval tub, stall shower, double sinks, and custom dressing and glam room, all designed by Mary-Kate Olsen. Two additional bedrooms share a large Jack-and-Jill bathroom, ensuring both comfort and privacy. The modern chef’s kitchen is a culinary dream, equipped with industrial-grade stainless steel appliances, including a Miele 5-burner gas stove and Sub-Zero refrigerator.

The eat-in area perfectly blends style and functionality, making it an ideal space for gourmet cooking.

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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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