Neighborhood Guides

Gramercy Park

Just east of Union Square, Gramercy Park is a small, quiet residential enclave in the midst of one of the most urban sections of New York City.

At a Glance

In the early 20th century, Gramercy Park was synonymous with luxury. Some of the most prominent New Yorkers (including the Roosevelts) lived in grand houses along the neighborhood's eponymous park. Today, Gramercy Park is a brief respite from the hustle and bustle of Downtown Manhattan. It still, however, retains an old-world vibe. It's not uncommon to see residents tottering down Irving Place dressed in tweed and loafers. This quiet commercial stretch offers a mix of local shops, corner pubs and classic red sauce joints. As you head further east, the avenues get busier and more generic. Gramercy's side streets are lined with walk-ups and large apartment buildings and are more laid-back than the blocks surrounding the actual park, attracting well-heeled, young professionals looking for a quintessentially nice New York City neighborhood.

$941K

Median Sale

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$3,300

Median Asking Rent

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The Mood

Quiet and laidback, the streets of Gramercy Park are noticeably less congested than surrounding neighborhoods.

Heart of the Neighborhood

Gramercy Park is both the neighborhood's namesake as well as its heart. The lovely tree-lined blocks surrounding it boast an old-world mix of private clubs and Greek Revival-style townhouses.

Neighborhood Quirk

Only residents who live on the park's perimeter have keys to get inside, but there are beautiful park benches outside the gates for the plebs who don’t have park access.

Best Perk

Gramercy Park is very safe and boasts many doorman buildings. It is also conveniently located to most subway lines.

Biggest Downside

Real estate in the gorgeous Neo-Gothic and Greek Revival buildings does not come cheap.

What's close by

By the Numbers

Gramercy is traditionally a very pricey area. The townhouses and tony co-op buildings along the park command some of the highest asking prices in the city. As you head further east, you'll find more walk-ups and rentals, which are less expensive relative to the rest of neighborhood.

Median Asking Price

Price History

Neighborhood Borough Median

Median Asking Rent

Price History

Neighborhood Borough Median
*Source: U.S. Census Bureau, 2013 ACS

Food & Drink

Irving Place is the center for Gramercy’s many sought-after restaurants and bars.

Maialino

Italian

Danny Meyer’s latest venture into Italian food, located inside the Gramercy Park Hotel.

Ponty Bistro

African, French

Original French-Senegalese fare in a charming, narrow space.

Friend of A Farmer

Breakfast & Brunch, American (Traditional)

Located right on Irving Place, this casual farm-to-table restaurant is always bustling.

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