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.
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
Interested in learning more about homes in this area?
Reach out to
Dylan Hoffman,
an experienced agent in this neighborhood.
Parks in this Area
Peter's Field
Basketball
Multi-Purpose Field
Augustus St. Gaudens Playground
Basketball
Playground
Stuyvesant Square
Dog Park
Trails
Events
Union Square Park
Dog Park
Picnic Area
Trails
Lower East Side Playground
Basketball
Volleyball
Playground
Asser Levy Playground
Transit
Airport
Laguardia
19 min drive
Subway
3 Avenue
Bus
2 Av & E 17 St
Bus
Union Sq E & E 15 St
Bus
E 23 St & 3 Av
Bus
E 23 St & 2 Av
Bus
E 14 St & 2 Av
Bus
3 Av & E 17 St
Bus
3 Av & E 14 St
Crime and Safety
1 - Low Crime, 10 - High Crime
Gramercy Park
US
Homicide
2
4
Sexual Assault
4
4
Assault with Weapon
3
4
Robbery
4
4
Burglary
3
4
Motor Vehicle Theft
1
4
Larceny
4
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
Gramercy Park Demographics and Home Trends
On average, homes in Gramercy Park, Manhattan sell after 49 days on the market compared to the national average of 70 days. The median sale price for homes in Gramercy Park, Manhattan over the last 12 months is $134,000, down 56% from the median home sale price over the previous 12 months.
Welcome home to 18G at The Gramercy Spire, a loft style studio with a private balcony and a flexible layout that offers the perfect canvas to create your dream Gramercy lifestyle. Perched on the 18th floor with sweeping southwestern exposure, your living space is filled with light and offers open sky and city views, the perfect backdrop for enjoying the sunset on your private balcony. Whether
Welcome to 142 East 16th Street, apartment 7G. Nestled in the tranquil enclave of Gramercy Park, this oversize corner studio apartment features a windowed kitchen, central air, two exposures and lots of storage. The large balcony overlooks the tranquil garden, perfect for a morning cup of coffee or glass of wine in the evening.The Gramercy Spire is a full-service coop with a newly
Located in a grand historic mansion on Irving Place in the heart of Gramercy Park, this elegant two-bedroom (with the flexibility for a third) offers a rare combination of prewar charm and modern luxury. Set on a picturesque, tree-lined block, the residence features soaring ceilings with intricate crown molding, beautifully restored hardwood floors, two wood-burning fireplaces with
***OPEN HOUSES ARE BY APPOINTMENT***Newly Renovated Philippe Starck-Designed 2BR/2BA with Balcony and Sweeping City ViewsThis beautifully renovated, south-facing two-bedroom, two-bathroom residence at Gramercy Starck combines modern sophistication with the iconic design of Philippe Starck. Bathed in natural light from floor-to-ceiling windows, the home features soaring 9-foot
BACK ON THE MARKET WITH PRICE IMPROVEMENT - Smartly renovated and spacious alcove studio, located at the nexus of Gramercy and the East Village, in the 333 East 14th Street co-op. This excellent layout offers a large living room with space for a dining table, a home office and ample seating area with coffee table and tv console. Tons of natural light enters through large windows spanning the full
**Sophisticated Studio in Gramercy Park**Welcome to 7 Lexington Avenue, Unit 5E, an elegant studio in the prestigious Park Gramercy building. This 550-square-foot gem features soaring beamed ceilings and a versatile raised platform for dining or sleeping. Enjoy a renovated kitchen with stainless steel appliances, granite countertops, and charcoal slate flooring.The sun-drenched
Sunny South-Facing One-Bedroom at Zeckendorf Towers Welcome to this bright and spacious south-facing one-bedroom home featuring generously proportioned rooms, three large closets, and a glass-enclosed shower. This residence offers comfort and functionality with plenty of potential to make it your own. Located in the iconic Zeckendorf Towers, one of Union Square s most sought-after full-service
336 East 18th Street – No Fee Apartments in the Heart of the East VillageWelcome to 336 East 18th Street, a boutique 6-story building with 25 well-maintained residences. Each apartment features modern upgrades such as granite countertops, stainless steel appliances, dishwashers, and marble bathrooms. Many units also include in-unit washer/dryers and charming exposed brick
FULLY FURNISHED, AVAILABLE STARTING AUGUST 19th FOR FLEXIBLE TERM, 3-12 MONTHS. Beautiful light, great space and premier amenities are yours in this fully furnished, renovated one-bedroom home in the full-service Zeckendorf Towers on Union Square. Spanning almost 700 square feet, this spacious one-bedroom allows for separate living and dining spaces, with lovely natural light through southern
Interested in learning more about homes in this area?
Reach out to
Dylan Hoffman,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
20,977
Median Age
38
Population Density
160 ppl/acre
Population under 18
15.4%
Below the national average
23.8%
Population over 65
16.9%
On par with the national average
19.1%
Finances
Median Household Income
$142,620
Significantly above the national average
$71,702
Average Household Income
$163,006
Education and Workforce
High School Graduates
97.7%
College Graduates
86.1%
Significantly above the national average
34.1%
Advanced Degrees
41.3%
Significantly above the national average
13.3%
% Population in Labor Force
75.1%
Weather
Annual Precipitation
50''
Average Winter Low Temperature
28°F
Average Summer High Temperature
85°F
Annual Snowfall
18''
Area Factors
Biker's Paradise
Bike Score®
95/ 100
Walker's Paradise
Walk Score®
99/ 100
Rider's Paradise
Transit Score®
100/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
