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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  | 
67 days on Market

Key Details

  • Listed: Sep 17, 2024
    Days on Market: 67
    Building Type: Condop
    Neighborhood: Gramercy Park (Manhattan)
    Doorman: FT Doorman
    Listing viewed 760 times
Monthly Maintenance: $21,339 ($5.60/ft2)
Est. Monthly Mortgage: $21,311
Total Est. Monthly Carrying Cost: $42,650 ($11.20/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

  • Prime Location: This full-floor residence is located in the prestigious Gramercy Park neighborhood, offering 75 feet of uninterrupted views of Manhattan’s exclusive Gramercy Park. The building is in excellent proximity to NoMad and Union Square, with easy access to fine dining, nightlife, shopping, and entertainment venues, as well as the Subway for easy transportation.
  • Luxurious Living Space: The 3,809-square-foot space features an expansive, sunken loft great room with a wood-burning fireplace and floor-to-ceiling windows, high ceilings throughout, and a generous master bedroom suite with its own wood-burning fireplace, spacious dressing room, and a lavish en-suite sanctuary bathroom.
  • Modern Amenities: The modern chef’s kitchen is equipped with industrial-grade stainless steel appliances. The building amenities include 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 a fitness center.
  • Exclusive Access: Shareholders have exclusive access to the amenities and services of the adjacent 5-star Gramercy Park Hotel, as well as key access to the historic and picturesque Gramercy Park.
  • Investment Opportunity: The building welcomes pied-a-terres and investors, making it an excellent investment opportunity.
  • Park Views: The building overlooks Gramercy Park, providing residents with a key to the park and a tranquil, green space in the heart of the city.

Description

Purchase Type Allowed: Pied-a-terre, Co-purchasing, Parents Buying for Students and Employed Children, Sublet allowed, and guarantors allowed. Pets are welcome. Experience effortless luxury living with all the benefits of residential living and a 5-world class hotel. Welcome to this breathtaking 3,809-square-foot full-floor residence, offering 75 feet of uninterrupted views of Manhattan’s exclusive Gramercy Park. Step into the expansive, sunken loft great room, featuring a wood-burning fireplace and floor-to-ceiling windows that flood the space with natural light. The generous master bedroom suite, also graced with its own wood-burning fireplace, includes 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, providing comfort and privacy. The modern chef’s kitchen is a culinary dream, boasting industrial-grade stainless steel appliances, including a Miele 5-burner gas stove and Sub-Zero refrigerator. The eat-in area offers a perfect blend of style and functionality, making it an ideal space for gourmet cooking. Exclusive Amenities and Hotel Services: Residents have had exclusive access to the amenities and white gloves services of the adjacent 5-star Gramercy Park Hotel, including housekeeping, room service, a state-of-the-art fitness center, concierge services, massage and spa treatments, catering, babysitting, pet walking, valet parking, and access to the hotel’s enchanting rooftop garden and meeting rooms. The iconic Gramercy Park Hotel is anticipated to reopen in 2025, further enhancing the allure of this prestigious residence.

Shareholders are privileged with key access to the historic and picturesque Gramercy Park, adding a touch of timeless elegance to their everyday lives.

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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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