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Gramercy Arms

Gramercy Arms

Gramercy Arms
Condominium Building
145 E 15th St
New York, NY 10003-3531
The Costar Building Rating

A rating for the building relative to other buildings of the same type throughout the country. Learn more

248 Units
16 Stories
1960 Year Built
$520K - $1.7M Value Range

Available Units

For Sale
For Rent

Highlights

  • City View
  • East Village Community School Rated A-
  • Balcony
  • Resident Manager or Management On Site
  • 24 Hour Access
  • 3 min walk to Stuyvesant Square

A mid-century modern cooperative in the heart of Gramercy

Gramercy Arms, completed in 1960, stands as a 16-story cooperative building at the intersection of East 15th Street and Third Avenue. With 248 units, this full-service residence offers a variety of living spaces from studios to spacious four-bedroom homes. Situated in one of Manhattan's most coveted neighborhoods, Gramercy Arms provides residents with a blend of historic charm and modern convenience. The building's location affords easy access to the vibrancy of Union Square, the tranquility of Stuyvesant Park, and the exclusivity of Gramercy Park, creating a unique living experience in the heart of downtown Manhattan.

Diverse layouts catering to various lifestyles

Gramercy Arms offers a wide range of floor plans to suit different needs and preferences. Studios, starting at 420 square feet, provide efficient living spaces with monthly rents around $3,400. These compact units often feature clever design elements to maximize space. One-bedroom apartments, ranging from 600 to 780 square feet, are available with sale prices between $725,000 and $1,395,000. These units typically include spacious living areas, updated kitchens, and ample closet space. Many one-bedrooms boast large windows that flood the space with natural light, and some feature private balconies offering city views. Two-bedroom units, spanning 950 to 1,300 square feet, are priced around $1,800,000. These homes often include generous living and dining areas, renovated kitchens with high-end appliances, and en-suite bathrooms. Some two-bedroom apartments have been thoughtfully combined from smaller units, resulting in unique layouts with additional features like home offices or private laundry rooms. For those seeking more space, three-bedroom apartments range from 1,700 to 2,025 square feet, with prices from $2,250,000 to $2,500,000. These larger units frequently offer stunning views, multiple bathrooms, and expansive living areas perfect for entertaining. Many have undergone extensive renovations, featuring custom built-ins, designer finishes, and gourmet kitchens. The building also houses four-bedroom units, providing flexible living arrangements for families or those desiring extra space. Throughout Gramercy Arms, residents can expect to find hardwood floors, large closets, and many units with recent updates. Some apartments boast features like marble bathrooms, custom California closets, and open-concept kitchens with quartz countertops and stainless steel appliances. Corner units are particularly prized for their abundant natural light and panoramic views of the Manhattan skyline.

Full-service amenities for comfortable city living

Gramercy Arms offers a comprehensive suite of amenities designed to enhance residents' daily lives. The building is staffed with a 24-hour doorman, providing security and convenience for package reception and visitor screening. A team of porters and an on-site handyman ensure the property is well-maintained at all times. The recently renovated lobby welcomes residents and guests with modern aesthetics and comfortable seating areas. For added convenience, a live-in superintendent is available to address any maintenance concerns promptly. Laundry facilities equipped with new, efficient machines are available for residents' use. The building also features a bike room for secure bicycle storage, addressing the needs of eco-conscious city dwellers. For those with vehicles, an attended parking garage with direct building access is available for an additional fee, a rare amenity in Manhattan that significantly simplifies city parking. Gramercy Arms also offers supplemental storage options, allowing residents to maximize their living spaces by storing seasonal items or less frequently used belongings. The building's common areas have been thoughtfully updated to create a modern, welcoming environment. Recent improvements include renovations to the hallways, featuring new carpeting and lighting throughout. A Citibike station located directly outside the building provides an additional transportation option for residents, perfect for quick trips around the neighborhood or commuting. These carefully curated amenities and services reflect Gramercy Arms' commitment to providing a comfortable and convenient living experience in one of Manhattan's most desirable neighborhoods.

A coveted location blending historic charm with urban convenience

Gramercy Arms is ideally situated in the heart of the Gramercy Park neighborhood, an area renowned for its blend of historic charm and modern urban living. The building's location at the intersection of Gramercy, Union Square, and the East Village provides residents with access to some of Manhattan's most vibrant and diverse communities. Just steps from the building, residents can explore the streets surrounding Gramercy Park, the neighborhood's namesake private green space. While the park itself is exclusive to key-holding residents of surrounding buildings, its presence contributes to the area's serene atmosphere. Union Square, a short walk away, serves as a hub of activity with its popular farmers market, diverse dining options, and frequent community events. The Union Square Greenmarket, open four days a week, offers an impressive selection of fresh, locally sourced produce, artisanal goods, and flowers. Food enthusiasts will appreciate the proximity to acclaimed restaurants such as Gramercy Tavern, known for its seasonal American cuisine, and Casa Mono, which serves exceptional Spanish tapas. For more casual fare, longtime neighborhood fixtures like Pete's Tavern and Friend of a Farmer offer comforting meals in historic settings. The area is also home to several gourmet markets and grocery stores. Whole Foods, Trader Joe's, and Westside Market are all within easy walking distance, ensuring residents have access to a wide range of high-quality ingredients and prepared foods. Cultural attractions abound in the neighborhood. Irving Plaza, located nearby, contributes to the area's vibrant entertainment scene. For those seeking green spaces, Stuyvesant Square Park provides a peaceful retreat. Madison Square Park, a short distance north, offers another urban oasis complete with art installations, a popular shake shack, and a dog run. The neighborhood's central location means that the eclectic shops and restaurants of the East Village, the upscale boutiques of the Flatiron District, and the tech hub of Silicon Alley are all within easy reach, making Gramercy Arms an ideal home base for exploring the best of downtown Manhattan.

Unparalleled connectivity to Manhattan and beyond

Gramercy Arms benefits from its prime location near multiple transportation options, making it easy for residents to navigate the city and beyond. The building's position at the nexus of several vibrant neighborhoods ensures that many destinations are within walking distance, while public transit options abound for longer journeys. The 14th Street-Union Square subway station, just a five-minute walk from Gramercy Arms, serves as a major transportation hub. This station provides access to the 4, 5, and 6 lines, offering express and local service along the Lexington Avenue corridor, as well as the N, Q, R, and W lines for crosstown and downtown travel. The L train, with a stop at 3rd Avenue just steps from the building, provides quick access to the west side of Manhattan and into Brooklyn. For those traveling to Midtown or the Financial District, the nearby 6 train at the Astor Place station, about a 10-minute walk away, offers another convenient option. The 8th Street-NYU station, also a short walk from the building, provides additional access to the N and R trains. Residents who prefer to cycle will appreciate the Citibike station located directly outside Gramercy Arms, offering an eco-friendly option for short trips or leisurely rides through the city. The neighborhood's relatively flat terrain and increasing number of bike lanes make cycling a viable transportation choice for many. For travel outside the city, three major airports are within reach. LaGuardia Airport is approximately a 20-minute drive, while both Newark Liberty International and John F. Kennedy International airports can typically be reached in 25 to 30 minutes by car, traffic permitting. The building's central location also means that many of Manhattan's key areas are easily accessible on foot. The Flatiron District, East Village, and Greenwich Village are all within comfortable walking distance, allowing residents to explore these iconic neighborhoods at their leisure. With its combination of subway access, bike-friendly infrastructure, and walkable surroundings, Gramercy Arms offers residents exceptional flexibility in how they choose to navigate the city, whether for work or leisure.

Available Condos

Building Details

Outdoor Features

  • Courtyard

Amenities

  • City Views
  • Laundry Facilities
  • Resident Manager or Management On Site
  • 24 Hour Access

Parking

  • Garage

Condo Association

  • $1,616 Monthly HOA Fees
  • Monthly HOA Fees Range from $1,024 - $4,396
  • Gramercy Arms Condos
  • Gramercy Park Subdivision
  • On-Site Maintenance

Building Design

  • Co-Op
  • High-Rise Condominium

Unit Features

  • Laundry Room
  • Balcony

Unit Information

Unit
1
6J
7C
8R
Beds
2 Beds
--
--
1 Bed
Baths
1 Bath
1 Bath
1 Bath
1 Bath
Sq Ft
--
500
0
--
Price
$995,000
$545,000
$575,000
$750,000
Price / Sq Ft
--
$1,090 / Sq Ft
--
--
List Date
03/12/2025
12/02/2024
10/11/2024
04/09/2025

Unit Size and Value Ranges

Studio Units
Sq Ft Range
None Available
Est. Values
$519,740 - $1,196,000
1 Bedroom Units
Sq Ft Range
750
Est. Values
$553,064 - $1,217,776
2 Bedroom Units
Sq Ft Range
950 - 1,300
Est. Values
$1,006,672 - $1,427,203
3 Bedroom Units
Sq Ft Range
1,700 - 2,025
Est. Values
$1,196,000 - $1,708,379
4 Bedroom Units
Sq Ft Range
1,100
Est. Values
None Available
All Units
Sq Ft Range
750 - 2,025
Est. Values
$519,740 - $1,708,379

Map

Area Factors

Low Crime

Crime Score®

3 / 10

Biker's Paradise

Bike Score®

95 / 100

Walker's Paradise

Walk Score®

100 / 100

Rider's Paradise

Transit Score®

100 / 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score

WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Environmental Factors

Busy

Sound Score®

57 / 100

--

Air Pollution®

N/A / 10

--

Flood Factor®

N/A / 10

--

Fire Factor®

N/A / 10

--

Heat Factor®

N/A / 10

--

Wind Factor®

N/A / 10
Source: First Street, How Loud
Sources: First Street, How Loud

Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.

Parks in this Area

Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology
Disclaimer: Please note that this building may not be in these schools' attendance zones.

Agents Active in this Area

See Area Agents

Property Tax History

Source: Public Records

Similar Condominium Buildings

Building Website

Building Team

Property Management
Punia Company
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.