Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
48 GRAMERCY Park N #4B
Interested in this property?
Active For Sale Co-op

$998,000

48 GRAMERCY Park N #4B

Gramercy Park, Manhattan

48 Gramercy Park North

MLS® #RLS20093004

RLS at REBNY

Listing by Douglas Elliman Real Estate

1

Bedroom

1

Bath

N/A

Sq. Ft.

1858

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1858
Ownership Co-op
Maintenance $2,724/mo
Neighborhood Gramercy Park
Floor 4 of 5

Property Highlights

  • Views: Park Greenbelt
  • Fireplace: 1 fireplace
  • Climate Control: Wall Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 4 of 5
View Park Greenbelt
Cooling Wall Units
Pets Yes
Year Built 1858
Structure Type HighRise
Basement Other
Parcel # 0877-0025-00048-000-000004B
Block/Lot 00877/0025

Listing History

Event Date Price Change
Listed May 23, 2026 $998,000 -
Currently May 23, 2026 $998,000 -

Description

A GRAMERCY PARK GEM

Just imagine, living in the neighborhood's quite elegance, yet only steps from the primo offerings of this busting city. Situated in a distinguished 1858 Italianate townhouse on Gramercy Park, this charming one-bedroom residence offers the rare opportunity to own a home with a key to Manhattan's only private park.

Apartment 4B is filled with character and natural light, featuring soaring 10.5-foot ceilings, oversized windows, and gracious proportions throughout. A wood-burning fireplace with a classic mantle adds warmth and old-world charm to the cozy living space, creating an inviting setting for both relaxing and entertaining.

The bedroom enjoys north- and west-facing exposures and is privately positioned off the living room, opening onto a charming terrace - a rare and desirable feature in New York City. Ideal for morning coffee or evening cocktails, the outdoor space comfortably accommodates seating and dining, serving as a peaceful extension of the home as well as an "extra room" 6 months of the year.

This intimate boutique cooperative offers a unique sense of privacy with just eight residences across five stories. Residents enjoy elevator access, virtual doorman service, central laundry, private storage, low monthly fees, and a pet-friendly, pied-à-terre-friendly policy. Plus the National Arts and Players clubs, mass transit, Union Square, and a full range of supermarkets, convenience shops and restaurant options only minutes away.

Rich in history and once home to Edward Hewitt, grandson of industrialist Peter Cooper, the building remains one of Gramercy Park's most distinctive addresses, combining historic architecture, an exceptional location, and enduring charm.

Features & Amenities

Interior Features

Building Other Fireplace (1)

Exterior Features

None

Building Amenities

Elevators

Appliances

Washer Dryer Allowed

Building Information

Financial Details

Maintenance $2,724/mo

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

177

Median Asking Price

$1.35M

Median $/Sqft

$1,775

Avg Days on Market

N/A

New This Week

11

Price Reduced

29%

Sold (30 Days)

12

Median Sale Price

$1.09M

Live data from RLS at REBNY • Updated 5/23/26, 12:51 PM EST

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Location

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48 GRAMERCY Park N #4B, Gramercy Park, New York County

Floor Plans

Floor Plan 1

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 $2,724 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

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: pet friendly,Building Pets Allowed Comments:pet friendly. 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: RLS20093004
First Listed: 5/23/2026
On Market: 5/23/2026
Price Changed: 5/23/2026
Contract Date: 5/23/2026

Listing Courtesy of Douglas Elliman Real Estate - Patricia Vance

Listing Contact: (917) 579-4016

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 5/23/2026 at 4:51 PM UTC

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