Gramercy

This two-bedroom apartment comes from the co-op building Gramercy Arms at 102 East 22nd Street. The building boasts a great location, midway between Gramercy Park and Madison Square Park. As for the apartment, it's got plenty of prewar charm and a cute, retro kitchen to boot. And it's asking $1.8 million.
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Distinctive Homes

July 31, 2016

Revealed: Rem Koolhaas’ First NYC Building in Gramercy

As 6sqft previously reported, "thirty-eight years after the publication of his acclaimed book 'Delirious New York,' Dutch architect Rem Koolhaas and his global architecture firm the Office for Metropolitan Architecture (OMA)... have finally landed their first ground-up New York City commission." And now, CityRealty.com has uncovered the first official renderings of the two-towered condo development, located at 122 East 23rd Street in Gramercy. The Pritzker Prize winner has designed a crystalline glass and concrete facade with a chiseled corner on the north building that exposes its glass edges. In between the two buildings will be a courtyard surrounded by private apartment terraces. The courtyard will lead into a pool area, children's play area, and screening and party rooms on the building's lower levels. There will also be a robotic parking system that brings cars to underground storage.
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June 27, 2016

Gramercy Tudor Castle Co-op, Now Twice the Size, Is Back for $6.25M

By Michelle Cohen

Built in 1929 and designed by architecture firm Schwartz & Gross, the landmarked 16-story building at 44 Gramercy Park North is "distinguished and eclectic," according to architecture critic Carter Horsley. Those adjectives certainly describe this out-of-the-ordinary home currently listed at $6.25 million, which 6sqft covered previously, marveling at the co-op's elaborate "Downton Abbey"-esque Tudor stylings. The sprawling 12th floor apartment was the residence of the building's owner/developer, so no expense was spared in its creation, which explains Neo-Gothic details like a limestone arch and casement windows, terra-cotta panels and brickwork. The home's current owners have lived here nearly 50 years. In its newest incarnation the apartment's listing offers a combination of units 12A and 12D, turning the size of this Gramercy aerie from grand to palatial at 2,500 square feet, claiming the largest amount of frontage (88 feet) facing south onto Gramercy Park through 14 enormous handcrafted stained glass windows. And the two-in-one situation looks like quite a find for the buyer who likes options.
Check out the amazing original details

June 15, 2016

First Look at BKSK Architect’s Upcoming Condo Tower Planned For 200 East 21st Street

It seems every major intersection in Gramercy between East 20th and 23rd Streets is being redeveloped these days. Last fall, 6sqft reported that a humble set of walk-up buildings at the southeast corner of East 21st Street and Third Avenue were hitting the chopping block. Since then, a new building application has been filed to construct a 20-story condominium designed by BKSK Architects with Alfa Development at the helm. A new rendering of the structure, addressed officially as 200 East 21st Street, was published on the project's EB-5 investors page and shows a two-tiered metal and glass building. There will be 29 one-bedroom units, 24 two-bedrooms, seven three-bedrooms, and three four-bedrooms, for a total of 63 apartments spread across 80,000 square feet. The ground level will host retail spaces and a shortlist of residential amenities includes a 24-hour doorman, concierge, tenants' storage, a bike room, fitness center, and residents' lounge.
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June 10, 2016

VIDEO: Spend a Night in a 300-Square-Foot Micro-Apartment at Carmel Place

Just yesterday, 6sqft took a look at the available market-rate units at Carmel Place, the city's first micro-housing development. If you're debating submitting an application for one of these apartments--which at less than half the size of traditional studios are still asking from $2,570 to $3,200 per month--this video from the Times may help firm your decision. In it, reporter Penelope Green spends a night in a 302-square-foot unit that rents for $2,670 a month and features the building's host of space-saving furniture like a sofa-wall bed combo (which, though surprisingly comfortable, will give you your daily upper body workout) and a 17-inch deep desk that extends to a 10-person dining table.
Watch the full video here

New Developments

June 9, 2016

Micro-Apartments at Carmel Place Starting from $2,570 and Offering a Month Free

For you minimalist gurus who also relish on-site amenities, there is a now a building for you. Earlier this spring, leasing kicked off for the city's first micro-housing development, Carmel Place (formerly known as My Micro NY) at 335 East 27th Street. Developed by Monadnock Development and designed by nARCHITECTS, the newly finished no-fee building is a prototype meant to test compact and efficient living arrangements within the city's tight housing market, as well as accommodate the city’s growing population of one- and two-person households. Thee leasing team led by Citi-Habitats is offering one month free on all 12- and 24-month leases. According to CityRealty, there are seven micro-studios available ranging from 265 to 360 square feet. Though the units are nearly half the size of typical studio apartments, monthly rents are not analogously micro with current asking prices ranging from $2,570 to $2,920 per month. That's an average of $110 per square foot, significantly more than $83 per square foot median studio price in Murray Hill and $60 per square foot in Gramercy.
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June 8, 2016

$19.75M for the Former Gramercy Home of the Catholic Sisters of the Immaculate Heart

Yet another religious property has hit the market, although this is no typical church. These two townhouses, at 238 East 15th Street in Gramercy, have long served as the home for the Catholic Sisters of the Immaculate Heart. The sisters bought the first townhouse in 1948 and the second in 1952, combining them with a doorway on each floor. In the years that followed, according to the NY Times, hundreds of the sisters of the Immaculati Cordis Mariae (which began in Belgian) have passed through, decorating the townhouse interiors with souvenirs from missions around the world. Only one sister now lives in the 15,600-square-foot property, which has just hit the market for nearly $20 million.
See the interior

May 20, 2016

Strand Bookstore Owner Lists Elegant 1848 Gramercy Townhouse for $7.5M

By Michelle Cohen

If you're a lover of timelessly elegant Manhattan living and you're lucky enough to live in Gramercy, you probably love your home just that much more. And if your Gramercy spot is anything like this classically lovely townhouse at 236 East 19th Street, on the market for $7.5 million, we'd say that's a bit like hitting the jackpot. Built in 1848, the four-story Anglo-Italianate home was owned by the Baer family from the 1860s until the current owner, Nancy Bass Wyden, co-owner of the famous Strand bookstore, purchased it for $4,700,000 in 2011. We're guessing Mrs. Wyden—she co-owns the store with her father, Fred Bass, whose father, Ben, founded the Strand in 1927—may be selling the house to spend more time in Oregon with her husband, Senator Ron Wyden, who is that state's senior U.S. senator. The couple have several small children, and if the house looks this good we'd say it must be child-proof. There's a luxurious wood-paneled library–fitting for the first family of one of the city's most iconic bookstores–and though there's plenty of play space and five bedrooms, the home's intricate historic details have been restored beautifully with added finishes (like walls of glass and several private outdoor spaces) for modern-day livability.
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May 19, 2016

Alcove Studio Asking $465K in Gramercy Packs in the Prewar Charm

Just because an apartment is small doesn't mean it can't have lots of personality. That's the case for this alcove studio at The Gramercy House, a co-op at 235 East 22nd Street in Gramercy Park. The building itself makes quite a statement; it was designed by architects George and Edward Blum in 1931 as an impressive Art Deco apartment building. Historic interior details have managed to carry over into this apartment, with moldings, hardwood floors and even a corner wood-burning fireplace.
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Distinctive Homes

May 6, 2016

Rare and Spectacular Light-Filled Penthouse Overlooking Gramercy Park Asks $2.5M

By Ondel Hylton and Julian Friedman

From the outside, the Gramercy Park townhouse at 132 East 19th Street is immediately impressive. According to this Streetscapes column, it was a brownstone completely redesigned in 1908 by the innovative architect Frederick Sterner. Now the facade boasts a light stucco and huge windows that lend to lovely, bright apartments. The building's penthouse unit has hit the market and is showing off massive floor-to-ceiling clerestory windows, under 14-foot ceilings, that offer a view over the other landmarked townhouses of Gramercy Park.
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Distinctive Homes

April 14, 2016

As Rem Koolhaas Finally Designs First NYC Building, A Look Back at His Unbuilt Proposals

Thirty-eight years after the publication of his acclaimed book "Delirious New York," Dutch architect Rem Koolhaas and his global architecture firm the Office for Metropolitan Architecture (OMA) seem to have finally landed their first ground-up New York City commission. Excavation is already underway at the 22,000-square-foot project site located at 122 East 23rd Street and will soon host a pair of block-through residential towers articulated by faceted elevations and chiseled corners. While there has been no official announcement that Koolhaas is on board, several consultant websites and Linkedin profiles indicate that the Pritzker Prize-winner has been tapped, while New York-based SLCE will serve as the architects of record. To mark the occasion, and as we eagerly await the design unveiling, 6sqft has rounded up Koolhaas' prior unlucky attempts to build in the city. The proposals befell to the usual suspects that typically stymie bold architecture in the city—community opposition, economic downturns, and the conservative nature of the city's developers and public sector. *Update 4/21: OMA has confirmed their involvement in the project and share that Shohei Shigematsu, partner and director of the firm's New York office, is leading the design effort.
See it all right here

April 11, 2016

Uma Thurman’s Newly-Listed $6.25M Gramercy Duplex Comes With a Key to the Park

By Michelle Cohen

Actress Uma Thurman has just listed her Gramercy Park duplex co-op at 1 Lexington Avenue for $6.25M; a key to the private park is part of the deal. Thurman lived at the prewar co-op for nearly 15 years, buying several additional units and combining them—while keeping a hand in the real estate game all the while, including a four-bedroom co-op at the venerable River House at 435 East 52nd Street, purchased from romance author Barbara Taylor Bradford in 2013 for $10 million. She's finally parting ways with her Gramercy home to make that move uptown. The "Kill Bill" star reminisces in a NY Times interview about her family life in the building, "It was such a cozy place—it really was home for us."
Check out the gorgeous home that resulted

April 11, 2016

How Much Is Eloise’s Plaza Apartment Worth? And Stuart Little’s Gramercy Townhouse?

By Michelle Sinclair Colman

It is well known that Eloise lived in The Plaza. But the book was published in 1955, well before Manhattan real estate skyrocketed. So what would her apartment be worth today? In fact, many children’s books have been set in New York City—think "Harriet the Spy" or "Stuart Little." In this day and age of record-setting prices, how much would those fictional characters have to pay to live in their homes today? Who would have seen the most appreciation, Eloise or Lyle Crocodile? Much detective work (à la Harriet) reveals the residences of a boy-mouse and a anthropomorphized girl dog span various neighborhoods including the Upper East Side, Gramercy Park, and Park Slope. What follows is a survey of six iconic picture books set in New York City and the current valuations of their fictional homes.
Check them out here

Real Estate Trends

April 10, 2016

Construction Begins at Gene Kaufman-Designed Gramercy Hotel

Construction work has begun on Sam Chang's latest endeavor for his McSam Hotel Group, a 12-story, 130-key hotel tower at 111 East 24th Street in Gramercy, a 6,000-square-foot site that was formerly a parking lot operated by Champion Parking. Approved plans filed with the Department of Buildings list Chang's designer of choice, Gene Kaufman, as the architect of record, and the illustration posted on the construction fence depicts a lackluster design comprised of two six-story volumes with differentiating fenestration.
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March 21, 2016

Light Installation Artist James Turrell Gets $2.2M for Classic Gramercy Co-op With Park Key

By Annie Doge

In November, 2014, 6sqft reported that light installation artist James Turrell had sold an apartment at 26 Gramercy Park South for $2.1 million. The famed conceptual artist is based in Flagstaff, Arizona, so the sale didn't come as much of a surprise. However, now it's come to light (no pun intended) that he and his wife Kung Lim-Lee Turrell own more real estate in the neighborhood. According to city records released today, Turrell has sold his personal apartment at 2 Gramercy Park West (an historic Italianate mansion known as the James Pinchot House that's been divided into seven units) for $2,225,000. The artist's former home is a full-floor residence that comes with a much-coveted key to the park, a private garden, and, not surprisingly, an enormous skylight.
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March 17, 2016

Richard Gere Picks Up $2.25M Old-World Condo With Keys to Gramercy Park

By Annie Doge

Last week, news hit that Richard Gere's former Noho apartment in the Silk Building had finally found a renter. It took eight months to get a tenant in to the sprawling live/work space, which was last listed at $20,000/month. Good thing the transaction went through, because the Post is now reporting that the actor turned activist picked up a $2.25 million Gramercy condo. The sale at 34 Gramercy Park East, which comes with a coveted key to the park, actually went through back in July, according to city records, but apparently Gere is extensively renovating the two-bedroom home and has only stopped by a few times since the summer. Sources say that he found out about the apartment through his friend Jimmy Fallon, who owns a whopping five units in the building.
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March 4, 2016

Spotlight: Jay Schweitzer Keeps Typewriters in Fashion at an 84-Year-Old Family Business

By Susan Cohen

For anyone who thinks computers have entirely taken over, they might want to visit Gramercy Typewriter Company. Founded in 1932 by Abraham Schweitzer, this 84-year-old family business is busier than ever repairing customers' typewriters, as well as refurbishing and selling machines of all shapes, sizes, and even colors. Whereas many typewriter service companies went out of business with the rise of computers, Abraham's son and grandson, Paul and Jay, remained passionate about them and are now two of the only individuals in the city with the skills to work on these machines. For Jay and Paul, the demand for their expertise is a testament to the staying power of typewriters in the 21st century. They continue to be a necessity in fields such as law and accounting, where certain forms are more compatible with the typewriter than the computer. Outside of offices, there are tried-and-true typewriter users who type on them daily. In many cases, the Schweitzers' have customers who are discovering a love of these wonderful machines for the very first time. 6sqft stopped by Gramercy Typewriter Company and spoke with Jay about the business and to get a glimpse of history on the company's shelves.
Read the full interview this way

February 1, 2016

How Do Rents at NYC’s First Micro Apartment Complex Compare to Regular Studios?

Just before the new year, listings went live for NYC's first micro apartment complex Carmel Place (aka My Micro NY aka 335 East 27th Street) in anticipation of its opening in March. The nine-story modular development in Kips Bay has 55 studios that are 260 to 360 square feet. Of these, 22 are affordable (more than 60,000 people applied for them), and they'll go from $950 to $1,500 a month depending on size and income. The remaining market-rate units will range from $2,500 to $2,900 per month, which has left many skeptics questioning why anyone would fork over nearly three grand for a space that is far smaller than conventional studios. To put this argument into an actual visualization, the data gurus over at NeighborhoodX created a simple, yet informative graph that compares the rental price per square foot at Carmel Place with that of regular studios across the city (h/t Curbed).
More here

Real Estate Trends

January 11, 2016

Gramercy Park’s Luminaria Condo Conversion Lights Up in Preparation for Sales Launch

In anticipation of its official sales launch later this winter, Ben Shaoul's Magnum Real Estate Group has illuminated Luminaire, a 103-unit condominium-conversion at 385 First Avenue in downtown's Gramercy Park neighborhood. According to the marketing team, the cool-blue lighting scheme, specified by Magnum, is inspired by the building's floor-to-ceiling windows and sun-bathed units.
more here

December 24, 2015

Bright Art Deco One-Bedroom in Gramercy Park Is for Sale by Owner, Asking $1.2 Million

It's true, this unseasonably warm weather isn't anything to complain about. But it's hard to look at a fireplace like the one pictured above and not start pining for a winter chill. The grand marble fireplace (which is also wood-burning...perfect for wintertime!) belongs to a one-bedroom apartment at 242 East 19th Street, an Art Deco co-op building in Gramercy Park. Constructed in 1926 and converted to a cooperative in 1984, the 15-story brick Italian Renaissance-style building holds 113 apartments. And since many of the surrounding buildings are low-rise, there's a great view from the building's roof deck. This apartment has the spacious rooms that you often find in prewar apartment buildings. It's a one-bedroom, although there's an office space without a window that could be used as a second bedroom. It's up for sale for $1.2 million by owner and photographer Julia Indrani Pal-Chaudhuri (known simply as Indrani).
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Distinctive Homes

December 15, 2015

Gramercy Duplex With Three Exposures and Lots of Light Asks $7,500/Month

There's a certain prestige that comes with living in the Gramercy Park neighborhood. Sure, if you're renting an apartment a block away you're not going to get one of the prized keys into the park. But still, it's nice to walk by and take a peek at how the other half lives. This rental apartment, a duplex at 228 East 22nd Street, sure isn't inexpensive—it's asking $7,500 a month—but it's still less than the millions you'd pay to live in a condo off the park. Best of all, this apartment comes with plenty of exposures and big windows to soak in the beautiful neighborhood around you.
Take a look

Distinctive Homes

Living in a Micro Apartment Could Be Harmful to Your Health

New rendering of Carmel Place interiors, via Monadnock Development/nARCHITECTS

December 14, 2015

Living in a Micro Apartment Could Be Harmful to Your Health

By Diane Pham

An apple a day may keep the doctor away, but living in a micro apartment may drive you to seek professional psychological help. A recent article in The Atlantic takes a look at the tiny living trend that has taken the nation—and in particular New York, with developments like My Micro NY and teeny renovations like this one—by storm, and finds that squeezing into an extra-small space could lead to health risks. “Sure, these micro-apartments may be fantastic for young professionals in their 20's,” says Dak Kopec, director of design for human health at Boston Architectural College and author of Environmental Psychology for Design, to the magazine. “But they definitely can be unhealthy for older people, say in their 30’s and 40’s, who face different stress factors that can make tight living conditions a problem.”
find out more here

November 23, 2015

Listings Go Live Today for NYC’s First Micro Apartment Complex

Carmel Place (formerly known as My Micro NY), the city's much-talked-about first micro apartment complex, began accepting applications for its affordable studios back in September (since then, 60,000 people have applied). And now, a press release from developer Monadnock has announced that listings for 12 of the market-rate units will go live today in anticipation of the February opening date. Along with the launch comes news of Ollie, "an innovative housing model that delivers an all-inclusive living experience." The nine-story modular development will have 55 studios ranging from 260 to 360 square feet, 22 of which will be affordable (of these, 8 will be set aside for formerly homeless veterans) and go for between $950 and $1,500 a month depending on family size and income. The remaining 33 will see prices ranging from $2,540 for a 265-square-foot, furnished, third-floor unit to $2,910 for a 335-square-foot, furnished, second-floor unit.
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November 19, 2015

Permits Filed to Demolish a String of Buildings Near Gramercy Park for New Condo

Alfa Development has filed plans with the Department of Buildings to demolish a string of low-rise buildings huddled near the northeast corner of East 21st Street and Third Avenue. The development team led by Michael Namer is known for its environmentally conscious downtown condo towers, which include Chelsea Green, Village Green, and Village Green West. Now, Alfa appears set on sprinkling some of their sustainable magic on a corner-site in Gramercy that could hold a tower of more than 90,000 square feet and rise up to 210 feet tall. Last month, Alfa purchased the the four-building development site from Kevin Maloney’s Property Markets Group and Apex Investments for $69.6 million. The previous owners had planned to build a 25-unit affordable housing building to generate 40,000 square feet of bonus square footage for an undisclosed luxury development, but instead chose to sell the site to focus on other projects.
More details ahead

October 28, 2015

VIDEO: Watch My Micro NY Get Built and Go Inside a Completed Unit