Gramercy Spire

Gramercy Spire is a Co-op located 142 East 16th Street, in Gramercy Park, New York. The building was first built in 1963 and is 61 years old. It was first renovated and altered in 1987. The lot that the building was built on is 78 feet wide and 141 feet long. The official lot area is listed as 11,982 square feet. The building itself is 74 feet wide and 136 feet long. In total, 142 East 16th Street has a total floor area of 111,428 square feet. Of that, 107,928 square feet are used for residential purposes. About 3,500 square feet of the building are used for commercial purposes. There are a total of 151 units. Of those, 147 are residential units. There are four commercial units. 142 East 16th Street has a total of 22 floors. Thankfully, the building is equipped with elevator service. Residents can access the two elevators in 142 East 16th Street.

Interested in learning more about the building? There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. Love to bike? Store your bike in the building's bike storage rather than your own apartment. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Alternatively, take a stroll around the building's garden. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 136 closings on record, of which we have matching data for 54 listings. In the past 3 years, a listing in this building will typically remain on the market for about 144 days and tend to sell below the original asking price of $835,000 by 7.26%. Meaning, listings tend to sell at a median of $1,043 price per square foot. The transaction that took the longest to complete was unit 22A, listed on Aug 08, 2013 for $1,300,000. This particular unit ultimately sold 322 days later for $940,000. The most recent transaction was for unit 9A, which was first advertised on Oct 12, 2023, sold for $999,000 on Feb 02, 2024. Fun fact, the oldest transaction we have on record took place on Dec 05, 1979. See the full transaction history for Gramercy Spire below.

Gramercy Park, where 142 East 16th Street is located, has a median asking price of $750,000 for co-op buildings. Meanwhile, the building itself has a median asking price of $835,000. For interested buyers, that means the building's median asking price is around 0.11% above the neighborhood's median asking price for co-ops. A buyer may therefore end up paying more for a unit in this building compared to other co-op buildings in the neighborhood.

There are currently 10 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $24,950,000. It is a 3 bedroom and 3 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $600,000. It is a 619 sqft studio and 1 bathroom unit. A breakdown of active listings shows 2 studio, 4 one-bedroom, 3 two-bedroom, 1 three-bedroom, units for sale! The median price of all the active units for sale in the building is $944,000. Active units for sale at 142 East 16th Street have a median count of 1 bedrooms and have a median count of 1 bathroom.