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The Gramercy, 34 Gramercy Park East, #7C

$1,999,999 | 3 beds, 2 baths
Building Profile  | 
231 days on Market

Key Details

  • Listed: Apr 4, 2024
    Last Price Change: ($400,001) on Jun 11
    Days on Market: 231
    Building Type: Cooperative
    Neighborhood: Gramercy Park (Manhattan)
    Doorman: FT Doorman
    Listing viewed 217 times
Monthly Maintenance: $4,022
Est. Monthly Mortgage: $6,633
Total Est. Monthly Carrying Cost: $10,655
Note: the above is based on a down payment of 50% ($1,000,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Historic Building with Modern Upgrades: This 1883 building, located in the coveted Gramercy Park neighborhood, has been upgraded with modern amenities while preserving its classic period details such as a Black Marble Mantle, bay window, coved 12 foot ceilings with original picture moldings and inlaid hardwood floors.
  • Spacious and Versatile Living Space: The nearly 1700 sq ft home features 3 bedrooms and 2 bathrooms, with the potential to convert to 4 bedrooms. The apartment is delivered turnkey but 'as-is', allowing new owners to customize to their liking.
  • Exclusive Access and Unobstructed Views: The property comes with a key to Gramercy Park, the city's only private park. The home boasts 14 windows, allowing for light all day and offering unobstructed city views of landmarks.
  • Full-Service Building with Amenities: The building offers a full-time doorman and full staff including a live-in building manager. Amenities include a package room, spacious shared laundry facilities, bike room, generous private storage, and an elevator.
  • Pet-Friendly and Financing Available: Pets are welcomed and Pied-a-Terres are allowed. Financing is also available up to 50 percent.
  • Celebrity Past and Convenient Location: Notable past residents include celebrities such as James Cagney and Jimmy Fallon. The building is also conveniently located close to the subway.

Description

PRICE IMPROVEMENT! Rarest opportunity to own a nearly 1700 Sq foot 3 bed / 2 bath home on Gramercy Park with a coveted KEY to park! This 1883 Historic building is not only one of the first elevator buildings to be in Gramercy Park area, but it’s NYC ’ s oldest continuously run Coop! Modern upgrades have been made, however Coop has retained all the Queen Anne Style Elegance of this Landmarked doorman building: its Tiffany Glass Lobby Ceiling, Minton tiled mantel and marble entry floor.

One of Manhattan’s most coveted buildings, the "Gramercy" has been home to celebrities such as James Cagney and Jimmy Fallon, and the sellers remember Margaret Hamilton, Oz’s famed " Wicked Witch of the West" greeting the buildings trick-or-treaters in person each year dressed as The Wicked Witch! The 1700 Sq ft home itself faces East for morning light and towers over the buildings to its East and South, allowing light in its 14 windows all day and an unobstructed city view of landmarks such as the illuminated clock tower of the Con Edison Building. This home has been loved by same literary family for almost 70 years and retains its classic period details: Black Mantle, a cozy bay window, coved 12 foot ceilings with original picture moldings and inlaid hardwood floors.

The apartment has a gracious foyer through a gallery entrance with 2 large closets leading to an elegant dining room. From there the home splits to the right to an enormous and gracious Living Room formerly both a library and a Living Parlor, as well as a small guest bedroom. Turning left off the Formal Dining Room, another gallery wall leads to eat-in-kitchen with washer dryer and dishwasher, 2 full baths, and 2 bedrooms plus numerous closets.

Well loved, colorful and awaiting your architect to transform, the home is delivered turnkey but "as-is". Easily converted to 4 bedrooms, some C units have recently seen owners relocate kitchen for a more open concept layout. Please see alternate floorplan.In addition to enjoying this distinguished Gramercy address, and a coveted key to city’s only private park.

Residents have a 24-hour doorman and full staff including live-in building manager. Amenities abound: package room, spacious shared Laundry facilities and a bike room as well as the very generous private storage that conveys with the apartment.Pets are welcomed! Pied-a-Terres allowed!Financing ok! (50 pct).Rare opportunity in a sought after Manhattan location won’t last!

Shown only by appointment.

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Apartment Amenities

  • City View
Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About The Gramercy, 34 Gramercy Park East

86

The Gramercy, 34 Gramercy Park East has received a CityRealty Rating of 86, 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

28
Out of 44
+
30
Out of 36
+
20
Out of 39
+
8
=
86
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
None 2 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:
Discrete 1 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:
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:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Quite Stylish 3 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes 1 out of 2 points
Private Gardens:
Substantial 2 out of 2 points
Storage Rooms:
Minimal 1 out of 2 points
Bay Windows:
Some 1 out of 1 points
Fireplaces:
Some 1 out of 1 points
Door Person:
None 0 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:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Attended Lobby
  • FT Doorman
  • High-Rise
  • Pre War
  • Elevator
  • Laundry Room
  • Landmarked
  • Live-In Superintendent
  • Historic District

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Pros
  • Overlooks Gramercy Park
  • Doorman
  • Intriguing architecture
  • High ceilings
  • Residents have keys to Gramercy Park
  • Close to Subway
Cons
  • No garage
  • No health club
  • No sundeck
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Subways

  1. 6
at Park Ave 0.19 miles
  1. N
  2. Q
  3. R
  4. 4
  5. 5
  6. L
at Broadway and 16th 0.31 miles

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