What $1.2 million can buy in Gramercy Park - Kips Bay

By CityRealty Staff | From Great Listings Monday, April 1, 2024

The neighborhoods of Gramercy Park and Kips Bay are situated on the east side of Manhattan, between 14th and 34th streets from First Avenue to Park Avenue South. The most prestigious blocks are those near Gramercy Park, Manhattan's only private park, known for its exclusivity and timeless appeal with Victorian-style landscaping and bluestone pathways. The park is maintained by trustees from 39 surrounding buildings, each receiving two keys for annual access. In the surrounding historic district, properties like 18 Gramercy Park South , a former Salvation Army residence conversion, whose condos garnered top prices in the Manhattan residential market.

While the Gramercy blocks between Park Avenue South and Lexington Avenue have largely retained their 19th-century charm with stately mansions and brownstones, further eastward, mid-century co-op buildings and walk-up rentals are abundant. Kips Bay, generally thought of as east of Third Avenue between 23rd and 34th streets, offers affordability with sprawling residential complexes for low- and middle-income residents.

Both neighborhoods offer diverse housing options and easy access to major employers like NYU Langone Medical Center, Bellevue Medical Center, and The Alexandria Center for Life Science. While the Lexington Avenue line is the only subway that serves its core, various bus lines and the New York Ferry provide additional transportation options. More recently, developers have been eyeing these blocks further east along Second Avenue, with new condos like 609 Second Avenue, Hendrix House, and 350 East 18th Street in development. Find a round-up of projects in the neighborhoods here. See below for available condos and co-ops priced at or below $1.2 million.

Rutherford Place, #718
$1,385,000

Gramercy Park | Condominium | 1 Bedroom, 1 Bath | 990 ft²

Rutherford Place, #718 (Douglas Elliman Real Estate)

From the Listing: Bright and spacious duplex Loft with double-height ceilings, located on a high floor with open city views. This move-in ready home features a generously sized bedroom complete with custom closets, elegant Shoji screens, and individual climate control for added comfort. The open layout seamlessly flows, highlighted by a floating staircase leading to a dining and entertaining area adorned with rich dark oak flooring and two expansive windows flooding the space with natural light. The well-appointed kitchen is equipped with Viking, Subzero, and Bosch appliances. The bathroom has been renovated with granite tiles. The flexible floor plan allows for the option of an additional bedroom or office downstairs, with an alternative layout readily available. See floor plan and full details here.

Sage House, #8B
$1,295,000

Gramercy Park | Cooperative | 1 Bedroom, 1.5 Baths | 1,100 ft²

Sage House, #8B (Douglas Elliman Real Estate)

From the Listing: Welcome to unit 8B at 4 Lexington Ave, a gorgeous Oversized approx 1,100sft 1 bedroom, 1.5 bathroom duplex residence near the iconic Gramercy Park! Presenting a rare gem in the heart of Manhattan, this stunning pre-war residence seamlessly blends a modern lifestyle with true NYC character, offering a one-of-a-kind living experience in The Sage House. See floor plan and full details here.

Coda Condominium, #7H
$1,295,000

Gramercy Park | Condominium | 1 Bedroom, 1 Bath | 748 ft²

Coda Condominium, #7H (Compass)

From the Listing: Residence 7H is a thoughtfully designed, modern home, spanning 750 square feet, in one of Gramercy’s premier condominium buildings, CODA. Designed by the world-renowned Francis D’Haene of D’Apostrophe Design, this home features light-filled interiors, exquisite fixtures, and refined details throughout. Oversized windows frame the downtown Manhattan skyline to the south and the building’s landscaped terrace to the west. See floor plan and full details here.

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Little Gramercy, #4CDE
$1,250,000

Gramercy Park | Cooperative | 2 Bedrooms, 3 Baths

Little Gramercy, #4CDE (Douglas Elliman Real Estate)

From the Listing: Residence 4CDE at 207 E 21st Street offers a coveted address at an affordable monthly cost. This versatile two-bedroom, three-bathroom residence offers generous living spaces and the opportunity for customization, allowing you to create your ideal home environment. The generous, light-filled living and dining room features southern exposures onto verdant East 21st Street, a well-appointed open chef's kitchen, and a full bath/powder room. See floor plan and full details here.

Gramercy Park Towers, #18N
$1,245,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath

Gramercy Park Towers, #18N (Corcoran Group)

From the Listing: Welcome to this exquisite custom-designed residence located on a high floor, offering not just a spacious one-bedroom layout but also a versatile home office. Step into the expansive living area flooded with natural light streaming in through a panoramic wall of eastern-facing windows that provide captivating open-sky vistas. The floors are adorned with stunning maple graphite 5" hardwood, adding both elegance and warmth to the space. See floor plan and full details here.

200 East 16th Street, #14H
$1,150,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath

200 East 16th Street, #14H (Corcoran Group)

From the Listing: High-floor, corner 1BR with breathtaking skyline views, a thoughtfully modern renovation, in a great prewar Building, all in a gem of a location - all add up to make 14H at 200 East 16th a truly rare and exceptional find, and the ultimate in New York City Living. Situated high on the Northwest corner of the building, 14H enjoys great light and expansive views that extend for miles, encompassing the Empire State Building, the gold-roofed New York Life building, One Vanderbilt, Billionaire's Row, and more. To the West, views extend to nearby Union Square and beyond. To settle in at the end of the day and enjoy these views as day turns to dusk is a joy to behold. See floor plan and full details here.

Crossing 23rd, #20C
$1,150,000

Gramercy Park | Condominium | 1 Bedroom, 1 Bath | 724 ft²

Crossing 23rd, #20C (Compass)

From the Listing: Welcome to apartment 20C at the Crossing 23rd condo in Flatiron! Perched high in the sky, this one-bedroom offers bright, sweeping northeast views of the Empire State Building, Chrysler Building, and the open city skyline. High ceilings, wide-plank Brazilian cherry hardwood flooring, and floor-to-ceiling windows throughout (including the bathroom) showcase just some of the apartment’s stunning features. See floor plan and full details here.

The Gramercy House, #15L
$1,100,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 975 ft²

The Gramercy House, #15L (Compass)

From the Listing: Move right into this light and airy fully renovated high-floor home at the highly coveted Gramercy House. The gracious foyer opens into an expansive Great Room with a wall of windows and Iconic city views. The room easily accommodates living, dining, and a work-from-home area. The focal point of this open-living space is a stunning wood-burning fireplace with an elegant floor-to-ceiling mantle ensconced in white Imperial Danby marble. See floor plan and full details here.

Gramercy North, #17H
$975,000

Gramercy Park | Condop | 1 Bedroom, 1.5 Baths | 750 ft²

Gramercy North, #17H (Brown Harris Stevens Residential Sales LLC)

From the Listing: This home has what people are looking for, a quiet corner apt., space, views, a south-facing balcony with room for a table and chairs, more than 1 bathroom (one full bathroom and a powder room), lots of closets, a windowed kitchen and best of all, Apt. #17H is move-in ready. An open & bright windowed pass-through kitchen with loads of granite countertops and updated appliances adds to the ease & ambiance of this home. See floor plan and full details here.

Park Towers, #5D
$950,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath

Park Towers, #5D (Bond New York Properties LLC)

From the Listing: Come and view this Park Towers beauty with LOW maintenance! Completely reimagined from its original floorplan, unit 5D combines elegance and style with maximum use of the space. You may feel like you've wandered into a boutique hotel! See floor plan and full details here.

210 East 17th Street, #6A
$930,000

Gramercy Park | Cooperative | 2 Bedrooms, 1 Bath

210 East 17th Street, #6A (Compass)

From the Listing: Have your very own slice of historic NYC for less than renting! This exceptional apartment is truly a no-brainer: a charming prewar home on an idyllic, landmarked block, featuring 2 bedrooms, open landmark views, beautiful sunlight, low maintenance, in-unit washer and dryer, exposed red brick, and steps away from Union Square, transportation, and the best shopping and dining … for $930k! See floor plan and full details here.

Gramercy Spire, #14F
$890,000 (-3.3%)

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 650 ft²

Gramercy Spire, #14F (Corcoran Group)

From the Listing: This one-of-a-kind renovated layout sets this apartment apart from others in the building with its stunning design. This one-bedroom apartment boasts a huge balcony with open city views. Every aspect of this architect-designed home has been carefully considered and renovated. See floor plan and full details here.

Parc Fifteen, #14B
$875,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath

Parc Fifteen, #14B (Corcoran Group)

From the Listing: Rarely available, large two-bedroom on high-floor with direct postcard views to the Empire State and Chrysler buildings in a full-service building on super charming 15th Street in prime Gramercy Park. One of only ten units of this size at the top floors in the Parc Fifteen, this home features spectacular views from every room and a multitude of flexible layout opportunities. See floor plan and full details here.

The New York Towers, #15R
$875,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 900 ft²

The New York Towers, #15R (Nardoni Realty Inc)

From the Listing: This one-of-a-kind, south-facing extra-large one-bedroom offers an abundance of sunlight and views downtown including the Freedom Tower! This mint-condition home features a large number of custom closets, an incredible amount of storage, custom lighting and hardwood floors throughout. The sprawling living room includes room for a dining area, as well as space for an ample living room set or sectional to relax and entertain – even add an office space. See floor plan and full details here.

Kips Bay Towers, #2N
$865,000

Gramercy Park | Condominium | 1 Bedroom, 1 Bath | 709 ft²

Kips Bay Towers, #2N (Brown Harris Stevens Residential Sales LLC)

From the Listing: Very spacious one-bedroom apartment with dining alcove, featuring floor-to-ceiling windows overlooking a peaceful private garden.This very well-maintained full-service condo was designed by the legendary I.M Pei.It offers 24/7 Doorman, fully equipped gym, large laundry facilities, residents' events room, approx. 3 acres of private garden.Dogs are not allowed. The building is in close proximity to public transportation, Trader Joe's and Whole Foods Market.Low monthly charges and taxes make this apartment a great investment opportunity. See floor plan and full details here.

242 East 25th Street, #2A
$849,000

Gramercy Park | Condop | 2 Bedrooms, 2 Baths | 984 ft²

242 East 25th Street, #2A (Corcoran Group)

From the Listing: Meticulously designed for elegant living and entertaining, this sunny two-bedroom, two-bathroom home boasts gorgeous garden views and chic interiors in an amenity-rich Kips Bay condop. The spacious and bright showplace invites you inside with oversized south-facing windows, high ceilings, and stunning wide-plank, white European, hardwood floors. See floor plan and full details here.

The Gramercy House, #4O
$799,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath

The Gramercy House, #4O (Compass)

From the Listing: Apartment 4-O is a lovely and tastefully renovated one-bedroom at Gramercy House. This is a special home where you can leave the city behind as soon as you cross the threshold. A few of the many attributes of this move-in ready home are the gorgeous original hardwood floors, beamed high ceilings, a wood-burning fireplace, and five large closets. See floor plan and full details here.

The Crystal House, #1909
$799,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 850 ft²

The Crystal House, #1909 (Douglas Elliman Real Estate)

From the Listing: Oversized floor-through Penthouse Apartment, with triple exposures, Empire State Views and roof rights!! Offering three incredible exposures and boasting Empire State views, this penthouse is a true gem situated in the heart of Gramercy. Nestled in prime Gramercy, this oversized 1-bedroom, 1-bathroom apartment spans the full length of the floor, bathing in abundant natural light from unobstructed Southern, Northern (with stunning Empire State Building views), and Eastern exposures. Among the best 1-bedroom layouts in the building, this home has been meticulously renovated and cared for with a thoughtful touch. See floor plan and full details here.

The Penny Lane, #103
$799,000 (-9.2%)

Gramercy Park | Cooperative | Studio, 1 Bath

The Penny Lane, #103 (Serhant LLC)

From the Listing: Welcome to your new, gut renovated home, located in the Penny Lane building - a former ice cream factory, with a fairytale lobby and full-time doorman. This apartment has all the features of a detached home in the burbs but is right on the border of Gramercy and Kips Bay. Enter into a private foyer, highlighting the over 11' ceilings, custom lighting, and wide plank, engineered, oak flooring. See floor plan and full details here.

The Peter James, #5A
$775,000

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath

The Peter James, #5A (Compass)

From the Listing: Welcome home to this turn-key and oversized, corner one-bedroom apartment. Bathed in beautiful southern light, all elements were expertly considered by a well-renowned interior designer. Notable features include an oversized Living and Dining Room, measuring over 33’ long, providing the perfect footprint for relaxation, entertainment, and a home office. See floor plan and full details here.

The Penny Lane, #120
$750,000 (-11.8%)

Gramercy Park | Cooperative | 1 Bedroom, 1 Bath | 1,000 ft²

The Penny Lane, #120 (Elegran LLC)

From the Listing: SPONSOR UNIT- NO BOARD APPROVAL! Step into your dream duplex with a private patio nestled in the vibrant heart of Kips Bay. This renovated apartment boasts authentic hardwood floors, a generously spacious layout, and an abundance of built-in closet space. The lower floor encompasses a capacious living area and an open kitchen equipped with a dishwasher, elegant granite countertops, breakfast bar, and dining space. The glass door opens onto your very own private patio! See floor plan and full details here.

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In this article:

The keys to Gramercy Park: History and full list of buildings with park access

Rutherford Place, #718
$1,385,000

Sage House, #8B
$1,295,000

Coda Condominium, #7H
$1,295,000

Select which properties are of interest to you:

Little Gramercy, #4CDE
$1,250,000

Gramercy Park Towers, #18N
$1,245,000

200 East 16th Street, #14H
$1,150,000

Crossing 23rd, #20C
$1,150,000

The Gramercy House, #15L
$1,100,000

Gramercy North, #17H
$975,000

Park Towers, #5D
$950,000

210 East 17th Street, #6A
$930,000

Gramercy Spire, #14F
$890,000 (-3.3%)

Parc Fifteen, #14B
$875,000

The New York Towers, #15R
$875,000

Kips Bay Towers, #2N
$865,000

242 East 25th Street, #2A
$849,000

The Gramercy House, #4O
$799,000

The Crystal House, #1909
$799,000

The Penny Lane, #103
$799,000 (-9.2%)

The Peter James, #5A
$775,000

The Penny Lane, #120
$750,000 (-11.8%)

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