Manhattan · Downtown
Gramercy
Gramercy Park, Stuyvesant Square, and pre-war and post-war co-ops between Park Avenue South and First Avenue.
- $1.23MMedian sale price, last 12 months
- 464Recorded sales, last 12 months
- 44%Of homes in pre-war buildings
- 1Subway lines with stations in the area
About Gramercy
Gramercy, as covered here, includes the blocks around Gramercy Park and Stuyvesant Square, roughly from 14th Street into the low 20s between Park Avenue South and First Avenue. Stuyvesant Town and Peter Cooper Village, to the east, are a separate area.
Gramercy Park, laid out in 1831, is a private, fenced park; keys go to the owners of the lots facing it. The townhouses and early apartment buildings around it form the Gramercy Park Historic District, designated in 1966. A few blocks east, Stuyvesant Square is a public park divided in two by Second Avenue and lined by the row houses and institutional buildings of the Stuyvesant Square Historic District.
Between the two squares, Irving Place and the side streets have row houses and pre-war apartment buildings. Third and Second Avenues are lined with larger post-war co-ops, many built between the 1950s and the 1970s.
Landmarks Preservation Commission historic districts in the neighborhood include the Gramercy Park Historic District, the Stuyvesant Square Historic District and the East 17th Street / Irving Place Historic District. Exterior changes to buildings inside a historic district need Commission approval, which is worth knowing before buying a townhouse or planning a renovation. Check any address on the LPC designations map.
Gramercy market report
From October 2025 through September 2026, NYC Department of Finance records show 464 home sales in Gramercy, with a median price of $1.23M. Half of those sales fell between $680K and $1.99M.
The total breaks down as 300 co-op sales, 154 condo sales and 10 sales of 1–3 family houses.
The overall median is higher than in the previous 12 months, but the co-op and condo medians moved much less (co-ops +8.3%, condos -5.3%). Most of the change in the overall figure comes from which homes happened to sell, so we don’t read it as a price trend.
| Type | Sales | Median | Middle half of sales | Median vs. prior year |
|---|---|---|---|---|
| Co-ops | 300 | $850K | $584K – $1.40M | +8.3% |
| Condos | 154 | $1.80M | $1.36M – $2.85M | -5.3% |
| 1–3 family houses | 10 | $6.13M | $3.96M – $7.11M | — |
* Large change on a limited number of sales; see the note above.
Source: NYC Department of Finance rolling and annualized sales, October 2025 – September 2026, compared with October 2024 – September 2025. Residential sales of $100,000 or more; bulk and duplicate records removed. Recent months may be incomplete because sales appear as deeds are recorded. Area covered: NYC Planning area MN0602 (Gramercy, incl. Stuyvesant Square). Updated quarterly.
Homes in Gramercy
Co-ops account for about two-thirds of recorded sales. Pre-war co-ops cluster around the two squares and on Irving Place; post-war elevator co-ops line the avenues. Condos are fewer, mostly in newer buildings and conversions, and townhouses rarely trade: there were 10 recorded sales of 1–3 family houses in the last 12 months.
- HomesAbout 18,700 residential units
- Age44% of units are in buildings from before 1940; 8% are in buildings from 2000 or later
- Building types62% in elevator apartment buildings, 18% in condominiums, 15% in walk-up apartment buildings
- Co-op buildings84
- Condo buildings60
- Townhouses and small buildings108 (1–4 units)
Building data from NYC Department of City Planning PLUTO. Counts are approximate.
Getting around
The L stops at Third Avenue and First Avenue on 14th Street. The 6 stops at 23rd Street and at 14th Street–Union Square, where the 4, 5, 6, L, N, Q, R and W meet on the neighborhood’s western edge. The M15 Select Bus Service runs on First and Second Avenues.
Stations in the neighborhood
- 3 AvL
Other nearby stations
- 23 St-Baruch College about 5 blocks from the centre6
- 14 St-Union Sq about 7 blocks from the centre456LNQRW
- 1 Av about 8 blocks from the centreL
Stations from the MTA’s station list. Plan a specific trip with the MTA trip planner.
Parks
Gramercy Park is private. Both halves of Stuyvesant Square are open to the public, and Union Square is a short walk west. Peter’s Field and the Augustus St. Gaudens Playground are run jointly with neighboring schools.
- Union Square Park6.5 acres
- Stuyvesant Square3.9 acres
- Peter’s Fieldunder 1 acre
- Augustus St. Gaudens Playgroundunder 1 acre
NYC Parks properties in or next to the neighborhood. Areas from NYC Parks.
School district
Gramercy is in NYC Community School District 2. Public school zoning is set address by address and can change from year to year, so check any specific address with the Department of Education before you rely on it.
The Garson Team in Gramercy
The Garson Team has represented several apartments at 200 East 16th Street, an elevator co-op from 1930 on Stuyvesant Square, including recent sales and two apartments now in contract.
- 200 E 16th St, Unit 5DIn Contract
- 200 East 16th Street, Unit 5LMIn Contract
- 200 E 16th St, Unit 16LSold
- 200 East 16th Street, Unit PHCSold
- 200 East 16th Street, Unit 14CSold
Nearby neighborhoods
Buying or selling in Gramercy?
Talk to Ryan Garson and The Garson Team about recent sales, buildings and pricing in Gramercy.
Contact The Garson Team About Ryan Garson
Ryan Garson, Licensed Associate Real Estate Broker. The Garson Team is affiliated with Compass, a licensed real estate broker, 110 5th Ave, 3rd Floor, New York, NY 10011. Equal Housing Opportunity.