Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $380,000

· Closed October 17, 2013

227 E 111TH Street #4D
Closed For Sale Condo

$380,000

227 E 111TH Street #4D

Gramercy Park, Manhattan

ROOSEVELT LANE COND

MLS® #RLS10081659

RLS at REBNY

Listing by CORE Group Marketing LLC

Studio

1

Bath

N/A

Sq. Ft.

2004

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 2004
Ownership Condo
HOA/Common Charges $420/mo
Property Taxes $168/yr
Neighborhood Gramercy Park

Property Highlights

  • Exposure: North facing
  • New Construction: Brand new building

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths null Full
Exposure North
Pets Yes
Year Built 2004 (New)
Parcel # 1661-1016

Listing History

Event Date Price Change
Listed Oct 17, 2013 $399,000 -
Currently Apr 28, 2026 $380,000 -4.8%

Description

Fantastic opportunity to purchase the most unique studio apartment loft in East Harlem. An architect's jewel box, this 571 square foot studio with a 60 square foot balcony has been renovated with a custom sleeping loft by the architect owners to maximize usable space. Featured in the New York Times, Apartment 4D has an open-plan layout, with a custom sleeping loft and raised ceiling over the loft area. It also includes custom made steps up to the loft, which double as additional storage. Wide plank maple flooring throughout, high ceilings, and large windows onto the North facing terrace add to the light and airy feeling of this great space. The Roosevelt Lane Condos were completed in 2005, and have a 25 Year Tax abatement which expires in 2031. Each apartment has its own storage unit in the basement. Building has bike room, and laundry in the basement. Located on East 111th Street between 3rd and 2nd Avenue, just two blocks from the subway.

Building Information

Financial Details

Common Charges $420/mo
RE Taxes $168/yr ($14/mo)
Original Price $399,000

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

174

Median Asking Price

$1.47M

Median $/Sqft

$1,769

Avg Days on Market

N/A

New This Week

13

Price Reduced

25%

Sold (30 Days)

14

Median Sale Price

$1.27M

Live data from RLS at REBNY • Updated 4/28/26, 1:51 AM EST

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Location

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227 E 111TH Street #4D, Gramercy Park, New York County

Building Information

Official NYC property records for this building

2003
Year Built
23 years old
7
Floors
22
Residential Units
R7A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $3,154,049
Land Value: $112,500
Exemptions: $3,112,562

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

Lot Area: 5,046 SF
Building Area: 19,738 SF
Built FAR: 3.91
Allowed FAR: 4

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 $420 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $168, or roughly $14 per month. Verify the current assessment with your attorney before closing.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 2004, making it approximately 22 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.

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: RLS10081659
First Listed: 10/17/2013
Closed: 10/17/2013
Contract Date: 5/7/2013

Listing Courtesy of CORE Group Marketing LLC - Donald Winchester Brown

Listing Contact: (917) 704-1306

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 4/28/2026 at 5:51 AM UTC

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