Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
11 Gramercy Park S

For Sale · Listing by Compass

11 Gramercy Park S

Gramercy Park, Manhattan

$24,800,000

Interested in this property?
Active For Sale Multi Family

$24,800,000

$2,024 per sq ft

11 Gramercy Park S

Gramercy Park, Manhattan

MLS® #RLS20098057

RLS at REBNY

Listing by Compass

9
Bedrooms
7.5
Baths
12,250
Sq. Ft.
1900
Year Built

Quick Summary

Bedrooms 9
Bathrooms 8 full, 1 half
Living Area 12,250 sq ft
Lot Size 2,907.03 sq ft
Year Built 1900
Ownership None
Property Taxes $86,268/yr
Neighborhood Gramercy Park
Floor 1 of 5

Property Highlights

  • Views: City, See Remarks
  • Exposure: North,South facing
  • Outdoor Space: Patio

Property Details

Type Multi Family
Ownership None
Total Rooms 19
Baths 7 Full, 1 Half
Floor 1 of 5
View City, See Remarks
Exposure North,South
Pets Yes
Year Built 1900
Living Area 12,250 sq ft
Structure Type House,MultiFamily,Townhouse
Flooring Hardwood
Furnished Unfurnished
Lot Size 2,907.03 sq ft
Parcel # 0875-0075
Block/Lot 00875/0075

Listing History

Event Date Price Change
Listed Sep 14, 2026 $24,800,000 -
Currently Sep 14, 2026 $24,800,000 -

Description

11 Gramercy Park South presents a rare opportunity to acquire one of the neighborhood’s grand historic townhouses with the flexibility to create a truly exceptional single-family residence. Spanning five stories and approximately 27 feet wide, the home occupies a coveted position directly on Gramercy Park and includes the rare privilege of access to the private park through the coveted Gramercy Park keys. Currently configured as three residences, the property offers remarkable scale and versatility for a purchaser seeking to create a substantial single-family mansion. Rich architectural details remain throughout, including soaring ceiling heights, original wood-burning fireplaces, restored hardwood floors, grand proportions, and oversized windows overlooking both Gramercy Park and private garden exposures. The existing owner’s triplex spans the garden, parlor, and third floors, offering a compelling foundation for a future primary residence. The parlor level is particularly impressive, featuring approximately 14-foot ceilings, dramatic entertaining rooms, original wood-burning fireplaces, and direct park views. Below, the garden level is anchored by an expansive eat-in chef’s kitchen opening to a private patio and garden, creating a seamless connection between indoor and outdoor living. Above, the upper floors are currently configured as two beautifully restored duplex residences, each offering generous living spaces, multiple bedrooms, and original architectural character. Combined, these floors present an extraordinary opportunity to expand the home into a residence of significant scale while preserving the flexibility of the current configuration. Opportunities to acquire a townhouse of this width, scale, and provenance on Gramercy Park are exceedingly rare. Whether maintained as an income-producing property, occupied as a multi-generational residence, or transformed into one of Manhattan’s great private homes, 11 Gramercy Park South represents a truly unique offering in one of New York City’s most storied enclaves.

Features & Amenities

Interior Features

Breakfast Bar Pantry Soaking Tub Common On Floor Common Area Flooring: Hardwood Fireplace (1)

Exterior Features

Building Garden Private Outdoor Space Over60 Sqft Patio

Building Amenities

Fitness Center Recreation Room Clubhouse Security System

Appliances

Dryer Washer

Building Information

Building Data View Compliance & Permits
Total Units 3
Stories 5
Structure House,MultiFamily,Townhouse

Financial Details

RE Taxes $86,268/yr ($7,189/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

121

Median Asking Price

$1.45M

Median $/Sqft

$1,773

Avg Days on Market

N/A

New This Week

23

Price Reduced

23%

Sold (30 Days)

32

Median Sale Price

$1.32M

Live data from RLS at REBNY • Updated 9/14/26, 1:12 PM EST

Recently Sold in Gramercy Park

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Location

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11 Gramercy Park S, Gramercy Park, New York County

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1856
Year Built
170 years old
4
Floors
3
Residential Units
R7B
Zoning District
Walk-Up Apartments Historic District: Gramercy Park Historic District

Tax & Assessment

Assessed Value: $1,413,120
Land Value: $464,400
Exemptions: $0

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

Lot Area: 3,153 SF
Building Area: 11,610 SF
Built FAR: 3.68
Allowed FAR: 3

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 $0 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $86,268, or roughly $7,189 per month. Verify the current assessment with your attorney before closing.

This property has 9 bedrooms and 7 full bathrooms and 1 half bathroom.

The listed interior living area is 12,250 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1900, making it approximately 126 years old.

This listing is None

Pet policy requires confirmation with Milton Coste.

At the current list price of $24,800,000 for 12,250 sq ft, the asking price per square foot is approximately $2,024. 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 milton@miltoncoste.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: RLS20098057
First Listed: 6/16/2026
On Market: 9/14/2026
Contract Date: 6/16/2026

Listing Courtesy of Compass - Clayton Thomas Orrigo

Listing Contact: (212) 960-3306

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 9/14/2026 at 5:12 PM UTC

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Gramercy Park Market Update

32 sales last 30 days · $1.45M median · 3.8 months supply

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Quick Facts

Status Active Type Multi Family Neighborhood Gramercy Park Borough Manhattan
County New York
Floor 1 of 5
Year Built 1900
First Listed 6/16/2026
Living Area 12,250 sqft
Annual Tax $86,268

Monthly Costs Estimate

Down Payment 20%

$4,960,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $7,189
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $20M to $24,999,999 at 3.75%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$930,000

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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