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In Contract

Gramercy Towers, 32 Gramercy Park South, #5D

$940,000 | 1 bed, 1 bath
Building Profile  | 
69 days on Market

Key Details

  • Listed: Sep 13, 2024
    Days on Market: 69
    Building Type: Cooperative
    Neighborhood: Gramercy Park (Manhattan)
    Doorman: FT Doorman
Monthly Maintenance: $2,043
Est. Monthly Mortgage: $4,988
Total Est. Monthly Carrying Cost: $7,031
Note: the above is based on a down payment of 20% ($188,000), which is the minimum amount permitted by the building.

Description

Sophisticated Living with Private Gramercy Park Access 32 Gramercy Park South, Apartment 5D Welcome to Apartment 5D at 32 Gramercy Park South, a rare opportunity to own a newly and fully renovated one-bedroom residence in one of Manhattan’s most coveted Gramercy Park cooperatives. This home comes with exclusive key access to the iconic Gramercy Park, one of only two private parks in all of New York City. Flooded with natural light from eastern exposures, this residence boasts a gracious foyer that leads into a spacious open-concept living and dining area, perfect for hosting guests or enjoying a quiet night in. The chef’s kitchen has been meticulously designed with high-gloss custom cabinetry, sleek Caesarstone countertops, and top-of-the-line stainless steel appliances, combining functionality with modern elegance. The king-sized bedroom, separated by a hallway for additional privacy, also enjoys abundant light and offers an impressive amount of storage, including a large walk-in closet.

The luxurious spa-like bathroom is adorned with beautiful floor-to-ceiling marble finishes and top-tier fixtures, creating a serene retreat within the home. 32 Gramercy Park South is a full-service cooperative offering residents a host of amenities, including a 24-hour doorman, live-in resident manager, and a dedicated staff. Shareholders benefit from a newly updated laundry room, a bike room, an on-site garage, and a beautifully furnished roof deck with panoramic views of Manhattan’s iconic skyline. The building also features a landscaped ground-floor courtyard garden, perfect for a moment of tranquility. Pied-à-terre and pet-friendly (with approval), this home is located in the heart of Gramercy, with convenient access to Union Square, Madison Square Park, the Flatiron District, and some of the city’s best restaurants, shopping, and cultural attractions.

Multiple subway lines are within easy reach, providing quick access to the rest of the city. Additional benefits include 80% financing, co-purchasing, gifting, and no flip tax. Don’t miss this extraordinary opportunity to live in an elegant home with private access to one of New York’s most treasured parks.

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Listing courtesy of Compass

Pricing History

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About Gramercy Towers, 32 Gramercy Park South

49

Gramercy Towers, 32 Gramercy Park South has received a CityRealty Rating of 49, 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

19
Out of 44
+
21
Out of 36
+
9
Out of 39
=
49
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Attractive 4 out of 8 points
Retail Quality:
Good 3 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
No, but OK 1 out of 3 points
Skyline:
Exists 1 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Enclosed 1 out of 2 points
Airconditioners:
Allowed and Present 0 out of 2 points
Free Standing:
Corner 1 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:
No 0 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:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 40 blocks 2 out of 5 points
Views:
Unexciting 1 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Some 2 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
More than 5 Short Blocks 0 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
3-5 Short Blocks 1 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:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
10-15 1 out of 5 points
Ceiling:
8-9 Feet 1 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
None 0 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 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:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Some 1 out of 2 points

Building Amenities

  • FT Doorman
  • Full Service Garage
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator

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Pros
  • Not far from the also attractive- and public- Stuyvesant Park at 17th Street and Madison Square Park at 23rd Street
  • Roof deck
  • Convenient to the Flatiron District
  • Very close to the private Gramercy Park
  • Cross-town buses run on 23rd Street
  • Some terraces
  • Concierge
  • Doorman
  • Excellent restaurants and stores are nearby
  • Close to Subway
Cons
  • Bustling area with considerable traffic on Third Avenue
  • No balconies
  • Many apartments
  • No sundeck
  • No health club
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Subways

  1. 6
at Park Ave 0.22 miles
  1. L
at 3rd Ave and 14th 0.29 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
at 4th Ave and 15th 0.31 miles

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