Why Live in Gramercy Park
Gramercy Park in New York is a neighborhood defined by its exclusive private park on 20th Street and the vibrant energy of nearby Union Square. The area offers a unique blend of tranquility and urban excitement, with a variety of things to do including bars, restaurants, comedy clubs, and music venues along Irving Place and Park Avenue South. Residents appreciate the quality of life, with essential amenities conveniently located on Third, Park, and Fifth Avenues. The neighborhood's slower pace provides a refreshing contrast to the city's hustle, making it a desirable place to recharge. Transportation is convenient, with several subway lines facilitating easy commutes, and Union Square serving as a central meeting point for outings. Housing options primarily consist of co-ops, with some high-end condos and townhouses available, though these tend to sell quickly. Gramercy Park offers a lifestyle that balances the vibrancy of city life with the charm of a close-knit community. The neighborhood is also known for its low crime risk areas, making it safer than the national average. This combination of safety, convenience, and a variety of things to do makes Gramercy Park a sought-after location for many potential home buyers.
Home Trends in Gramercy Park, NY
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.
Median Sale Price
$134,000
Median Single Family Sale Price
$134,000
Median 2 Bedroom Sale Price
$1,410,000
Average Price Per Sq Ft
$303
Number of Homes for Sale
0
Last 12 months Home Sales
103
Median List Price
$129,900
Median Change From 1st List Price
-3%
Median Home Sale Price YoY Change
-56%