Gramercy

Price against what has actually closed, not what is asking. Gramercy’s median recorded sale over the last 90 days was $1.35M, and sellers there are getting about 96% of their last asking price. A Gramercy Park key, a park view or a classic prewar layout are tangible value drivers — and they have to be documented and photographed, not just mentioned.

As of September 2026, the market in Gramercy is roughly balanced: homes take about 101 days to sell (10 days slower than Manhattan overall), and 8% of listings have taken a price cut. Inventory is down 14.0% year over year.

In most cases it is price relative to the comps, then presentation, then exposure. Gramercy currently averages 101 days on market and 8% of listings have cut their price — if yours sat far longer than that, the market was telling you the number or the presentation was off.

You will need a real estate attorney, accurate pricing from recorded sales, professional photos and a floor plan, listings on portals that accept owner listings, a way to screen buyers’ finances, and for co-ops, a complete board package. Expect to handle showings and negotiations yourself.

The median asking rent in Gramercy is $5,497 a month as of September 2026: about $3,965 for a studio, $5,498 for a one-bedroom, $6,082 for a two-bedroom and $8,848 for three bedrooms or more. Your building, condition and light move the number.

There are about 184 homes for sale in Gramercy, with a median asking price of $1.37M — $750K for co-ops and $1.78M for condos. Tell us your budget, size and timing and we’ll send a curated list, including off-market and recently expired listings.

The median sale price in Gramercy is $1.09M on StreetEasy’s three-month average through September 2026, up 9.2% year over year. City records show a median recorded sale of $1.35M over the last 90 days.

Quiet, residential and walkable, organized around Gramercy Park — the private, key-access square that a limited number of surrounding buildings can open. Irving Place and Union Square give it restaurants and a greenmarket a short walk away. It runs roughly East 14th Street to East 23rd Street, from Park Avenue South to First Avenue, centered on Gramercy Park. Median rent is $5,497 and the median sale price is $1.09M.

The top tier in Gramercy combines full service, privacy and exceptional light. Predominantly prewar co-ops and postwar doorman buildings, with a smaller set of townhouses and boutique condominiums. Recorded sales show 18 closings at $5 million or more in the past year.

The person with legal authority — an agent under a power of attorney while your parent is living, or the executor after a death — signs the sale. Gather the deed or co-op stock certificate, the proprietary lease, recent statements and the building’s contacts, and bring in an estate attorney early.