image of gramercy park 2br

This Gramercy Park 2BR is priced well below the neighborhood median.

Gramercy Park has been an exclusive place for decades — only those with a key can get in. But the neighborhood around it is also exclusive, with high rents and sales prices. Our Deal of the Week is the outlier. It might not get you a key, but 210 E. 21st St. #3B is a 2-bedroom in Gramercy Park with plenty of charm, and without the hefty price tag.

The Price: $750,000

According to the latest StreetEasy Market Reports, the median asking price for sales in Gramercy Park is $1.59 million, which puts our Deal of the Week at less than half of the neighborhood median.

Buyers who put down the minimum 20 percent, or $150,000, can expect to see monthly payments of about $4,421. This includes a mortgage payment of $3,141 and a maintenance fee of $1,280.

Why You’ll Love It …

Prewar charm is mixed with modern updates in this 2-bedroom apartment. Not only are there exposed brick walls in every room, but there’s also a rare, functioning wood-burning fireplace in the living room. The dining room and kitchen are both in the open-concept living area, and the kitchen features new high-end stainless steel appliances, custom cabinets and a tile backsplash.

Those mirrors in the living area definitely make the place seem bigger than it is. But there’s still enough room for an ample dining set as well as living room furniture.

This is a true 2-bedroom apartment, meaning each bedroom has a window and a closet. The master bedroom actually has a walk-in closet, and the second bedroom has two closets. Additionally, there are two more closets in the living room.

This apartment works for buyers of all types, as pied-a-terres, sublets, parent buying, and co-purchasing are all allowed. The location of the building is also great, near the 6 and L trains, as well as several different subway lines at the Union Square station.

… And Why You Might Not

One place this apartment is notably lacking in space is in the kitchen, which appears to be pretty small — and also appears not to have a dishwasher. Uh oh.

On top of that, the monthly fees at this apartment are somewhat high, though not outrageous, at $1,280. For those willing to pay the cash, though, this 2-bedroom in a prime Manhattan neighborhood could be a great fit.

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