This $3.25M Gramercy two-bedroom comes with expansion potential–and a key to the park

This two-bedroom apartment on a high floor at 50 Gramercy Park North, asking $3,250,000, is spacious enough in its current form. Making use of a sprawling great room, a third large bedroom can be created, adding value and livability. Floor-to-ceiling windows look out over the classic Manhattan neighborhood. Even better: Proximity to Gramercy Park means lucky residents get coveted keys to the private park.

A long entry gallery–with a convenient powder room along the way–leads to the great room. This dramatic entertaining and living space is framed by 12-foot ceilings and a marble-clad wood-burning fireplace. All-day sunlight fills the room from both sides.

On one side of the great room is a European-style modern kitchen. Rich wood cabinetry surrounds a long dining and prep island. An intimate breakfast nook joins the main seating area for plenty of dining options.

The home currently offers two spacious bedrooms, but an alternate floor plan shows room for a third. The larger master suite allows you to wake up to treetop views over the park. A walk-in closet and windowed bath complete the suite.

A second bedroom offers a wall of closets and the home’s second en-suite private bathroom. Just outside the room, a washer/dryer is tucked into the hallway. The 50 Gramercy Park North condop is an Ian Schrager project, designed by John Pawson. Amenities include a 24-hour door attendant, a full-time concierge–and, of course, a key to Gramercy Park.

[Listing details: 50 Gramercy Park North, #12B at CityRealty]

[At Douglas Elliman by Adam Hernandez, Richard Hottinger, and Melissa Au-Yeung]

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