Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $1,550,000

· Closed January 6, 2022

385 1ST Avenue #2B
Closed For Sale Condo

$1,550,000

$1,259 per sq ft

385 1ST Avenue #2B

Gramercy Park, Manhattan

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MLS® #RLS10699892

RLS at REBNY

Listing by Douglas Elliman Real Estate

2

Bedrooms

2

Baths

1,231

Sq. Ft.

2002

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 1,231 sq ft
Year Built 2002
Ownership Condo
HOA/Common Charges $1,342/mo
Property Taxes $26,496/yr
Neighborhood Gramercy Park
Floor 2 of 21

Property Highlights

  • Location: Gramercy Park, Manhattan
  • Property Type: Condo
  • Built: 2002

Property Details

Type Condo
Ownership Condominium
Total Rooms 3
Baths 2 Full
Floor 2 of 21
Pets Yes
Year Built 2002
Living Area 1,231 sq ft
Parcel # 0928-1604

Listing History

Event Date Price Change
Listed Sep 9, 2021 $1,625,000 -
Currently Apr 25, 2026 $1,550,000 -4.6%

Description

Gramercy Luxury! Over 1,190 square feet. Huge full size floor to ceiling windows, amazing light throughout the entire apartment! Including your own private outdoor oasis in the heart of Gramercy! Top of the line finishes and modern touches make this unit a one of a kind opportunity. In a dynamic location just moments from the best restaurants in Gramercy and the East Village, the vibrancy of Madison Square Park, the jogging path on the East River Greenway, and easy accessibility to Midtown, CODA offers the best of Downtown living. Fresh and airy light-filled interiors by renowned D'Apostrophe Design highlight thoughtful layouts with a modern touch.

A considered collection of materials including European Oak flooring, white lacquer kitchen cabinetry, and distinct selections of stone create stylish comfortable residences.

Amenities and services include: 24-hour attended lobby, live-in Resident Manager, private fitness room programmed by The Wright Fit, residents' lounge, private storage, landscaped resident's terrace with grill, and a fully furnished and landscaped roof deck.

Building Information

Financial Details

Common Charges $1,342/mo
RE Taxes $26,496/yr ($2,208/mo)
Original Price $1,625,000
Sale Price $1,550,000
Previous Price $1,625,000

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

176

Median Asking Price

$1.45M

Median $/Sqft

$1,767

Avg Days on Market

N/A

New This Week

10

Price Reduced

26%

Sold (30 Days)

16

Median Sale Price

$1.26M

Live data from RLS at REBNY • Updated 4/24/26, 8:51 PM EST

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Location

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385 1ST Avenue #2B, Gramercy Park, New York County

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

2002
Year Built
24 years old
20
Floors
114
Residential Units
C1-9A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $25,158,161
Land Value: $1,422,011
Exemptions: $69,815

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

Lot Area: 9,875 SF
Building Area: 114,544 SF
Built FAR: 11.6
Allowed FAR: 10

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 common charges are $1,342 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $26,496, or roughly $2,208 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 1,231 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2002, making it approximately 24 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

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

At the current list price of $1,550,000 for 1,231 sq ft, the asking price per square foot is approximately $1,259. This figure is for reference only and may differ from appraised or assessed values.

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: RLS10699892
First Listed: 9/9/2021
Price Changed: 1/20/2022
Closed: 1/6/2022
Contract Date: 4/22/2021

Listing Courtesy of Douglas Elliman Real Estate - ANDREW DELUCA

Listing Contact: (908) 358-9617

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 4/25/2026 at 12:51 AM UTC

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