Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $3,650,000

· Closed March 8, 2022

48 Gramercy Park N #2
Closed For Sale Co-op

$3,650,000

48 Gramercy Park N #2

Gramercy Park, Manhattan

MLS® #RLS10759424

RLS at REBNY

Listing by Compass

1

Bedroom

2

Baths

N/A

Sq. Ft.

1858

Year Built

Quick Summary

Bedrooms 1
Bathrooms 2
Year Built 1858
Ownership Co-op
Maintenance $4,036/mo
Neighborhood Gramercy Park
Floor 2 of 6

Property Highlights

  • Exposure: East,North,South facing
  • Outdoor Space: Balcony
  • Style: Prewar architecture

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 5
Baths 2 Full
Floor 2 of 6
Exposure East,North,South
Pets Yes
Cross Street Third Avenue/Lexington Avenue
Year Built 1858
Architectural Style Prewar
Parcel # 0877-0025-00048-000-0000002
Block/Lot 877/25

Listing History

Event Date Price Change
Listed Mar 22, 2021 $3,650,000 -
Currently Apr 24, 2026 $3,650,000 -

Description

UNIQUE. An overused word that means exactly what it should at 48 Gramercy Park North, No. 2A: a one-of-a-kind residence directly overlooking Gramercy Park. This home blends elements of an open loft with a classic Manhattan apartment in a circa 1900 townhouse with elevator and tastefully appointed public space. Enter into a warm and welcoming book-lined foyer that leads directly into a great room centered around an oversized wall of windows. Light fills the apartment from dawn to dusk and two sets of triple-paned French doors open to a lovely balcony from which you can practically touch the flora of Gramercy Park. In the winter, the view becomes even more magical with an unobstructed view of the Gramercy Park's towering Calder sculpture, the National Arts Club and the landmark townhouses of 20th street, ranked by Time Out as Manhattan's most beautiful. The living room's extraordinarily high 16 foot ceiling allows for a mezzanine currently configured as an office and additional sleeping loft. The master bedroom suite includes a bathroom and separate den. An ornate marble wood burning fireplace anchors the bedroom and is surrounded by custom designed built-in bookcases that accentuate the soaring 14 foot high ceilings. There is a full bath off the foyer with washer and dryer and an open kitchen with granite countertops and stainless steel appliances. Ownership at 48 Gramercy Park North, a beautifully maintained and well managed boutique co-op, comes with the coveted key to Gramercy Park. $484.09 assessment through 2021. Showings weekends by appointment only.

Features & Amenities

Interior Features

Entrance Foyer Building Washer Dryer Install Allowed Common Area

Exterior Features

Balcony Balcony

Appliances

Dryer Washer

Building Information

Financial Details

Maintenance $4,036/mo
Sale Price $3,650,000

Gramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.

Gramercy Park Live Market Data

View Neighborhood

Active Listings

179

Median Asking Price

$1.45M

Median $/Sqft

$1,775

Avg Days on Market

N/A

New This Week

9

Price Reduced

26%

Sold (30 Days)

17

Median Sale Price

$1.26M

Live data from RLS at REBNY • Updated 4/24/26, 5:50 PM EST

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Location

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48 Gramercy Park N #2, Gramercy Park, New York County • Near Third Avenue/Lexington Avenue

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

1930
Year Built
96 years old
5
Floors
8
Residential Units
R9A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $1,570,500
Land Value: $540,000
Exemptions: $4,580

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,307 SF
Building Area: 7,866 SF
Built FAR: 3.41
Allowed FAR: 7.52

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed monthly maintenance are $4,036 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 2 full bathrooms.

According to MLS records, the building was constructed in 1858, making it approximately 168 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10759424
First Listed: 3/22/2021
Price Changed: 6/17/2021
Closed: 3/8/2022
Contract Date: 3/17/2021

Listing Courtesy of Compass - Karen Kelley

Listing Contact: (917) 952-7732

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/24/2026 at 9:50 PM UTC

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