Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $465,000

· Closed August 8, 2023

38 Gramercy Park N #1-G
Closed For Sale Co-op

$465,000

38 Gramercy Park N #1-G

Gramercy Park, Manhattan

MLS® #RLS10876571

RLS at REBNY

Listing by Compass

Studio

1

Bath

N/A

Sq. Ft.

1853

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1853
Ownership Co-op
Maintenance $1,256/mo
Neighborhood Gramercy Park
Floor 1 of 5

Property Highlights

  • Style: Prewar architecture
  • Climate Control: Window Units
  • Character: Pre-war building (1853)

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 1 of 5
Cooling Window Units
Pets Yes
Cross Street East 20th Street/East 21st Street
Year Built 1853
Architectural Style Prewar
Block/Lot 876/26

Listing History

Event Date Price Change
Listed Mar 30, 2021 $465,000 -
Currently Apr 23, 2026 $465,000 -

Description

Gramercy Jewel Box with Key to the Park! Photos coming soon. This captivating jewel situated in the prestigious Gramercy Park exudes a tranquil ambiance and boasts a sophisticated allure. With ceilings reaching an impressive height of nearly 11 feet, this residence showcases delightful features such as scenic Zuber wallpaper imported from France, a decorative fireplace, a charming sleeping alcove, and hardwood floors. Previously serving as a pied-a-terre for the renowned singer-songwriter, Rufus Wainwright, this apartment has garnered attention, being featured in the New York Times and serving as an inspirational space for writing multiple albums and the opera, Prima Donna. Built circa 1853 as the Sanderson family hotel, 38 Gramercy Park was converted to a cooperative in 1986 and has undergone numerous alterations over the years. The 5-story, 36-unit elevator building has a live-in super, onsite laundry facility, bike storage, storage lockers for rent, and a furnished roof deck. The location is exceptional, a half block from The National Arts Club, close to acclaimed restaurants, top boutiques and other conveniences. And the best part is, you can spend time relaxing and reading in Gramercy Park with your very own key! Don't let this special rental opportunity in one of NYC's most coveted neighborhoods pass you by. Pets are not allowed for subtenants. Available upon board approval.

Features & Amenities

Interior Features

Entrance Foyer Common Area

Exterior Features

Building Roof Deck

Building Information

Stories 5
Style Prewar

Financial Details

Maintenance $1,256/mo
Sale Price $465,000

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

175

Median Asking Price

$1.48M

Median $/Sqft

$1,781

Avg Days on Market

N/A

New This Week

6

Price Reduced

26%

Sold (30 Days)

20

Median Sale Price

$1.26M

Live data from RLS at REBNY • Updated 4/23/26, 10:56 AM EST

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Location

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38 Gramercy Park N #1-G, Gramercy Park, New York County • Near East 20th Street/East 21st Street

Floor Plans

Floor Plan

Building Information

Official NYC property records for this building

R9A
Zoning District

Tax & Assessment

Assessed Value: $303,750
Land Value: $303,750
Exemptions: $0

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

Lot Area: 5,135 SF
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 $1,256 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1853, making it approximately 173 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: RLS10876571
First Listed: 3/30/2021
Price Changed: 8/7/2021
Closed: 8/8/2023
Contract Date: 3/30/2021

Listing Courtesy of Compass - Ivana Tagliamonte

Listing Contact: (917) 538-9763

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 4/23/2026 at 2:56 PM UTC

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