$2,999,000
$151K PRICE DROP

Estimated payment $21,115/month

Total Views 719
4 Beds
6 Baths
4,100 Sq Ft
$731 Price per Sq Ft

About This Home

For Sale: Gramercy Multi-Family, 8 Units (3 Free Market, 5 Rent-Stabilized) $2,999,000
Rare Investment opportunity!

Nestled on a quiet, tree-lined block in Gramercy Park, this boutique pre-war apartment building offers an exceptional opportunity on Manhattan's coveted east side. Built in 1910 and meticulously maintained, the four-story walk-up comprises 8 residential units across approximately 4,196 square feet, blending timeless character with reliable income.

The property features a total of 10 bedrooms and 8 bathrooms, configured as six spacious studios and two duplex two-bedroom residences, one of which includes a private balcony. A shared rooftop terrace and basement add to the building's functionality and desirability.

Currently configured with 3 free-market units and 5 rent-stabilized units, the building provides both consistent income and long-term upside potential.

Ideally located just under half a mile from Union Square and major subway lines-including the L, N, Q, R, 4, 5, 6, and W-352 East 19th Street combines the best of Manhattan convenience with Gramercy's signature neighborhood charm.

A rare chance to acquire a boutique residential asset in one of Manhattan's most enduringly desirable neighborhoods.

Listing Agent

Mary Kim

Brown Harris Stevens Residential Sales LLC License #10301219234 Listed on: 08/25/2025

Co-Listing Agent

David Bibian

Brown Harris Stevens Residential Sales LLC License #10401240901

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $57,672

Year Built

  • Built in 1910

Lot Details

  • 1,840 Sq Ft Lot
  • Lot Dimensions are 92.00x20.00

Interior Spaces

  • 4,100 Sq Ft Home
  • 4-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Full Bathrooms

Utilities

  • No Cooling

Community Details

  • 8 Units
  • Gramercy Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 0016 / 01824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$57,672

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Gramercy Park
  • Architectural Style: Walk-Up
  • Entry Level: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Interior Features

  • Interior Features: Smoke Free
  • Fireplace: No
  • Living Area: 4100.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 6
  • Bathrooms Integer: 6
  • Bedrooms: 4

Exterior Features

  • View: Other
  • View: No
  • Exterior Features: Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: In Unit
  • Green Building Features: Green Building
  • Cooling: No

Condo/Co-op/Association

  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 1840.0
  • Lot Size Dimensions: 92.00x20.00

Rental Info

  • Land Lease: No

Building Info

  • New Construction: No
  • Units: 8
  • Total Stories: 4
  • Year Built: 1910

Tax Info

  • Tax Block: 01824
  • Tax Lot: 0016
  • Tax Annual: 57672.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $53,731 $461,393 $75,400 $385,993
2024 $53,731 $429,781 $234,000 $350,783
2023 $49,130 $400,509 $86,994 $313,515
2022 $49,002 $1,346,400 $234,000 $1,112,400
2021 $46,759 $1,164,150 $234,000 $930,150
2020 $44,269 $1,223,100 $234,000 $989,100
2019 $41,366 $1,256,400 $234,000 $1,022,400
2018 $39,185 $308,084 $63,826 $244,258
2017 $39,185 $308,084 $72,196 $235,888
2016 $37,801 $293,215 $75,781 $217,434
2015 $23,876 $273,014 $76,244 $196,770
2014 $23,876 $254,309 $59,381 $194,928
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2025 08/28/25 Price Changed $2,999,000 -4.8% $731 / Sq Ft
08/25/2025 08/25/25 For Sale $3,150,000 +6.8% $768 / Sq Ft
04/20/2022 04/20/22 Off Market $2,950,000 -- --
10/15/2021 10/15/21 Sold $2,950,000 0.0% $703 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
04/28/2021 04/28/21 For Sale $2,950,000 -- $703 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $2,500,000 --
Deed $2,500,000 --
Deed -- --
Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Commercial
Previous Owner $499,999 Commercial
Source: Public Records

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20044226

Real Estate Board of New York (REBNY)

APN: 0924-0039