The Manhattan neighborhood of Gramercy Park offers a lot more to residents than just its namesake park — which is a good thing, since only a select few get keys to it. In addition to tree-lined streets and ample restaurants, the neighborhood provides easy access to the hustle and bustle of NYC around Union Square and Kips Bay, while being a bit removed from the action. So if living in Gramercy is your dream, take a look at 301 E. 22nd St. #8H. Our Deal of the Week is a 1-bedroom in an elevator building with a 24-hour doorman.
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Learn more about our Deal of the Week!
The Price: $530,000
The median asking price for a home in Gramercy Park was $1.4 million this November, according to the StreetEasy Data Dashboard. That means our Deal of the Week is priced at well under half the median asking price for the neighborhood!
Buyers who put down the 20% down payment of $106,000 can expect to see monthly payments of $4,005. This includes a mortgage payment of $2,620 and a maintenance fee of $1,385. Payments are also below the median asking rent in Gramercy Park, which was $4,893 this November.
Why You’ll Love It…
Decked out in parquet hardwood floors and new windows, this south-facing unit has a timeless aesthetic and charm. In addition to abundant light, the apartment has ample storage space. A wall of closets in the entryway provide a great spot for coats, shoes, cleaning supplies, and linens, while a walk-in closet/dressing area separating the bedroom from the bathroom is the perfect spot for clothes. The living room also has some built-in book storage.
Small but mighty, the kitchen has everything you need to cook a great meal, including a full-size oven and fridge. A breakfast bar separates the kitchen from the living area and offers seating for two, as well as more cabinet and counter space. Plus, the closets that line the entryway/kitchen area could be used as pantry space for even more storage.
Mirrored French doors separate the living room from the bedroom, which has more than enough space for a queen-size bed and some other furniture. Both the bedroom and living room have A/C and heating units to keep things comfortable.
Located on the eighth floor of a pet-friendly elevator building, this unit has access to a 24-hour doorman, package room, live-in super, laundry room, bike storage, rooftop garden, and garage. Pied-à-terres, co-purchasing, and gifting are all allowed. Plus, the building is situated near lots of great eateries like Malii Gramercy, Patrizia’s of Manhattan, Tipsy Scoop, AweSum DimSum, and Joe Jr. Stuyvesant Square Park and the East River Greenway are both nearby for when you’re craving park space, and the 6 and L trains are easily accessible when you need to leave the neighborhood.
…And Why You Might Not
The fridge is situated in the entryway, making it somewhat separated from the rest of the kitchen, but still easy enough to get to while cooking. And at over $1,300 a month, the maintenance fees are a little steep. Still, for the price and location, this one is definitely worth checking out!
Check out the listing at 301 E. 22nd St. #8H, listed by Gavin A Hammon, Jim Farah, Trish Goodwin, and Cassie Fallon of Compass.
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