Gramercy Park gets its name and charm from a posh, private-access park on 20th Street, but much of the area’s vibrancy comes from buzzing Union Square and the bars and restaurants on Irving Place and Park Avenue South. “The most important thing about Gramercy is the quality of life that we have. Because everything we need is on Third or Park or Fifth, and yet it’s like a little enclave in the city,” says Lynne Lerner, real estate broker and longtime resident of Gramercy Park. “The pace steps down a notch when you’re in Gramercy, and that’s a way to recharge and enjoy your community.” However, lively comedy clubs, music venues and impressive cocktail spots remain within reach. A cluster of subway lines makes for painless commutes, and nearby Union Square is a universally convenient meet-up spot for any outing. Co-ops are the most common options for buyers, but a few high-end condos, and even pricier townhouses, occasionally pop up — without staying on the market for long.
Park Avenue street sceen
Gramercy Park is a quiet affluent neighborhood in New York.
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A foodie destination for tourists and locals
A strip of practical stores on 14th Street, including Trader Joe’s, Nordstrom Rack, Whole Foods and Best Buy, covers basic needs — letting Gramercy residents focus on trendier neighborhood haunts. Pete’s Tavern, opened in 1864, is the city’s oldest continually operating restaurant and still popular for steaks and elevated bar food. Across the street, Friend of a Farmer has been a leader in farm-to-table dining since 1986. Casa Mono does Spanish tapas justice, Molly’s serves heartwarming Irish pub food, and Posto delivers thin-crust pizza with all love and zero attitude. Union Square’s outdoor farmer’s market, open four days a week, offers a taste of upstate produce, and Malt & Mold on 21st Street sells craft beer and cheese. For some local history, the three-story Strand bookstore, opened in 1927, is the go-to stop for a quick mental recharge.
Enjoy dining at one of the many fine restaurants located throughout Gramercy Park.
Pete's Tavern is the oldest operating bar and grill in Gramercy Park.
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Surprisingly spacious co-ops and exclusive park privileges
Old and new high-rises, which tower over much of Second and Third avenues, are contrasted by brick low-rises on side streets. Studio prices can go as low as $350,000, and proper one-bedrooms range from $650,000 to $1.5 million. Co-ops dominate the market, and condos vary widely between $1.5 and $6 million — including much sought-after units that grant access to the gated Gramercy Park. “Co-ops in Gramercy are really large compared to other places in the city,” says Matthew Hakim, a Realtor who’s been selling homes in Gramercy for over 13 years. In the Art Deco Gramercy House building, for example, even studios can have high ceilings and spacious closets or dressing rooms. However, with larger spaces come stricter financial requirements from co-op boards.
Co-ops dominate the market, and condos vary widely in Gramercy Park.
Brownstones are found throughout Gramercy Park in New York City.
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Major subway meet-up
Gramercy brushes up against one of New York City’s busiest transit hubs — Union Square — connecting residents to eight different subway lines that go throughout Manhattan and Brooklyn. The subway is a slightly farther walk from Second and First avenues, but a high concentration of CitiBike stations, plus buses on every avenue, mean options are always around the corner.
Union Square's vibrant community hub: Union Square Park.
The subway is a slightly farther from Second Avenue, located on 23rd and Park Avenue South.
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Gated green spaces, public and private
For all of Gramercy’s advantages, accessible green space isn’t one of them. Gramercy Park proper, which has been closed to the public since 1844, is lovely to peek at through its historic metal gates, but only key-carrying residents of the 39 buildings directly surrounding the park can stroll inside. Union Square’s benches give New Yorkers a moment to catch their breath, and the Square’s playground is popular with parents. For legitimately green parks, Stuyvesant Square Park and Madison Square Park — just outside Gramercy — are welcome respites from the concrete jungle.
Union Square Park: A tranquil haven in Union Square's hustle.
Bring your dog to Stuyvesant Square between 15th and 17th Street in Gramercy Park.
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Street vendor fairs give a taste of the city
Several weekends during the summer, Third Avenue becomes a pedestrian-only market with pop-up food stands and trinket sellers. Union Square’s non-profit also organizes free music and dance performances, outdoor movie nights and fitness classes. In the winter, the Square’s holiday market hosts over 150 gift and food vendors in a cheerful outdoor mall.
Urban oasis in Union Square: The welcoming Union Square Park.
Union Square Park can have up to 150 gift and food vendors in a cheerful outdoor mall.
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Grade-A public schools with specialized options
Within NYC’s District 2, Gramercy has a full pipeline of schools with grade-A Niche ratings: P.S. 40 Augustus Saint-Gaudens for elementary, J.H.S. 104 Simon Baruch for middle and the Institute for Collaborative Education for high school. There are also public schools specializing in science and sign language, and The École, a private bilingual French school with an A-plus Niche rating.
Augustus Saint-Gaudens' tribute at PS 40, heart of Gramercy Park.
Experience holistic education at Simon Baruch Middle School 104 in Gramercy Park.
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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.
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On average, homes in Gramercy Park, Manhattan sell after 112 days on the market compared to the national average of 52 days. The median sale price for homes in Gramercy Park, Manhattan over the last 12 months is $1,060,000, down 4% from the median home sale price over the previous 12 months.
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Gramercy Square Sales OfficeDouglas Elliman Real Estate
Located in the coveted Gramercy Park neighborhood, this three-bedroom, two-bathroom home offers a rare opportunity to live with exclusive Key access to Gramercy Park. Recently renovated by combining two large units, this spacious residence features white oak floors, soaring beamed ceilings with recessed lighting, and oversized CitiQuiet windows with motorized shades throughout. Upon entering, you
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Show up and start living from day one in New York with this sophisticated one bedroom Blueground apartment. You’ll love coming home to this thoughtfully furnished, beautifully designed, and fully equipped Union Square home. (ID #NYC1692)The advertised rate of $5,230/month is the lowest available price, based on a 7 month(s) and 11 day(s) stay with a move-in date of September 20, 2025. If
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A private walkup building located in Gramercy on 23rd Street between 2nd and 3rd Ave. The apartment is bright and airy, with huge windows, steps from Mass Transit, shopping, fine restaurants, and blocks from Gramercy Park.Great location for students; centrally located within walking distance to NYU, SVA, Baruch and NYU Langone hospitals, near the 6, R, W, and L lines. The building
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