The neighborhood of Gramercy Park gets its name from a small, fenced, private park that was initially used to attract homebuyers to the area. The park was held in trust for those who purchased homes around it, and is still not generally open to the public. Curiously enough, the area remains one of only two private parks in all of New York. The neighborhood around the park is considered safe and is frequently used by joggers, dog-walkers, and parents taking their small children for stroller rides.
Gramercy Park neighborhood is an historic district and reminds many visitors of the old Victorian era New York.
Murray Hill is another neighborhood located in midtown Manhattan. It is bordered by East 34th Street on the south side, East 40th Street on the north side, Third Avenue to the East, and Madison Avenue in the west. The area has recently seen an influx of younger people and families looking for something between the feeling of the suburbs and the feel of an inner city neighborhood. This influx drove a massive increase in home prices and rents in the neighborhood through the nineties and early two thousands. However, if you're looking for your next home, the neighborhood is still considerably cheaper than many of the other fashionable Manhattan neighborhoods that it borders.