Gramercy Park is a calm residential area defined by diverse architecture. Zoning laws limit buildings to around 20 stories, preserving the three to four-story buildings that line Gramercy’s quiet, safe sidewalks. Enclaves of Neo-Gothic, Greek Revival and Italianate architecture dot the neighborhood, specifically around Gramercy Park, a small, private park and Gramercy’s namesake. Even during economic turmoil, the real estate of Gramercy remains consistent. Overall, Gramercy is a peaceful, sometimes boring, neighborhood with areas of subtle beauty.