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25+ years experience · 1,000+ transactions · 5-star reviews
Manhattan · New York, NY
176 active listings · Median $1.2M
Calculating market narrative...
A condo-dominant submarket with strong rent growth, rising sale prices, and sale listings clearing quickly.
Median asking rent in Gramercy Park is $5,398/month, $250 below the 5-year high set in Jul 2025. Rents are up +14.8% year over year and +83.0% over the past 5 years. Median sale price stands at $1.21M, 24.9% below the 5-year high recorded in Jun 2024. Sale listings are clearing 66 days faster than at this point last year.
Across NYC, the FARE Act has tightened agent-listed rental supply since August 2024 by shifting the broker fee to landlords who engage a broker. Roughly 35 to 40% of NYC lease signings occur between mid-June and August 15.
Source: StreetEasy market data, through Mar 2026.
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 s...
| Borough | Manhattan |
| Zip Code | 10010 |
| Subway | Bus service |
| Building Types | Pre-war buildings, Co-ops, Townhouses/Brownstones |
Stations: Bus service available
Midtown: 22 min (B express from 34 St-Herald Sq)
| School | Grades | Dist |
|---|---|---|
| P.S. 034 Franklin D. Roosevelt | PK-5 | 0.82 mi |
| The STAR Academy - P.S.63 | PK-5 | 0.87 mi |
| P.S. 015 Roberto Clemente | PK-5 | 1.00 mi |
| NYC Lab School for Collaborative Studies | 6-12 | 0.88 mi |
| East Side Community High School | 9-12 | 0.62 mi |
| NYC Lab School for Collaborative Studies | 6-12 | 0.88 mi |
Live data from REBNY/RLS. Updated every 15 minutes.
Median closed sale price by month
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Based on active listings in Gramercy Park
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Properties in Gramercy Park
REBNY/RLS Disclaimer: Listing data is derived in whole or in part from the RLS at REBNY (Real Estate Board of New York) Internet Data Exchange (IDX) database. Real estate listings held by brokerage firms other than Milton Coste | Keller Williams NYC are marked with the RLS logo. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 1/1/1970.
Experience across NYC
Transactions closed
Active in Manhattan
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams NYC. His work covers all five boroughs, with deep experience in co-op boards, condo offerings, townhouse sales, and rental transactions. For Gramercy Park buyers and sellers, that track record means a broker who has negotiated every type of deal this market produces.
"Milton made the entire buying process seamless. His knowledge of the local market and negotiation skills saved us thousands. Highly recommend for anyone looking in Upper Manhattan."
"We sold our co-op in record time thanks to Milton's marketing strategy. Professional photography, virtual tour, and targeted digital ads brought multiple offers within the first week."
The median sale price in Gramercy Park is $1.2M. Condos sit at a median of $1.6M and co-ops at $678K. Year-over-year price comparisons swing meaningfully when monthly closed-sale counts are low, so a single recent month is best read alongside the longer-term price trend.
No. The median sale price in Gramercy Park is currently 24.9% below the 5-year high recorded in June 2024. That gap can favor buyers searching for value relative to the neighborhood's past peak.
Sale listings in Gramercy Park have a median of 54.5 days on market. That is 66 days faster than the same point a year ago. Roughly 10.4% of active listings have recorded a price cut, suggesting some negotiating room.
Gramercy Park is broadly balanced right now, with median days on market at 54.5 days and 10.4% of active listings carrying a price cut. Pricing depends heavily on the specific building and unit.
Gramercy Park offers both co-ops and condos. Condos are the higher-priced segment at a $1.6M median, with co-ops at $678K.
Roughly 25 homes change hands each month in Gramercy Park across condos, co-ops, and townhouses, based on recorded closed sales. That benchmark helps gauge how quickly the market is absorbing new inventory.
The overall median asking rent in Gramercy Park is $5,398/month. Live RLS listings show studios at $4,500, 1-bedrooms at $7,237, 2-bedrooms at $8,250 per month. Rents are up 14.8% year over year.
Median asking rent in Gramercy Park is currently $250 below the 5-year high set in July 2025. Tenants may find slightly more value than at peak, though the gap can close quickly during peak leasing season.
Median asking rent in Gramercy Park has risen 83.0% over the past 5 years. That puts the neighborhood in context with longer-term NYC rent dynamics rather than just one-year noise.
Within walking or short-transit distance of Gramercy Park, median sale prices range across Flatiron at $2.8M, Midtown South at $850K, East Village at $550K, Stuyvesant Town/PCV at $0. Each has different building stock, co-op vs condo mix, and transit access, so the right comparison depends on the buyer's priorities.
Gramercy Park is served by the Bus service. The commute to Midtown Manhattan runs roughly 22 minutes from 34 St-Herald Sq.
Under the FARE Act in effect since August 2024, NYC landlords who engage a broker pay the broker fee directly rather than passing it to tenants. In neighborhoods like Gramercy Park, this has shifted some smaller landlords toward self-listing, which has tightened the supply of agent-listed rentals citywide and lifted competition for what remains on market.
Milton Coste is a Licensed Real Estate Associate Broker with Keller Williams New York City. He has 25+ years of experience across all five boroughs, with deep transaction history in co-op board packages, condo offerings, townhouse sales, and rentals. Direct: (917) 416-7433. Email: mcoste@kwnyc.com.
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Licensed Associate Broker
Keller Williams NYC · NY #10301213304
25+ years of experience and over 2,000 transactions closed across NYC. Whether you are buying, selling, or leasing in Gramercy Park, I will guide you every step of the way.
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