The Abbey

The Abbey is a condo located 205 East 16th Street, in Gramercy Park, New York. The building was first built in 1888 and is 136 years old. It was first renovated and altered in 1983. The lot that the building was built on is 87 feet wide and 115 feet long. The official lot area is listed as 8,878 square feet. The building itself is 87 feet wide and 115 feet long. In total, 205 East 16th Street has a total floor area of 55,264 square feet. Of that, 51,137 square feet are used for residential purposes. About 4,127 square feet of the building are used for commercial purposes. There are a total of 36 units. Of those, 32 are residential units. There are 4 commercial units. 205 East 16th Street has a total of 6 floors.

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! Residents who own pets will be happy to hear that the building is pet-friendly. There are 50 closings on record, of which we have matching data for 10 listings. In the past 3 years, a listing in this building will typically remain on the market for about 100 days Meaning, listings tend to sell at a median of $1,427 price per square foot. The transaction that took the longest to complete was unit 5P, listed on Aug 01, 2013 for $2,650,000. This particular unit ultimately sold 354 days later for $2,545,620. The most recent transaction was for unit 1E, sold for $1,598,000 on Dec 16, 2022. Fun fact, the oldest transaction we have on record took place on Oct 23, 1980. See the full transaction history for The Abbey below.

Gramercy Park, where 205 East 16th Street is located, has a median asking price of $2,000,000 for condo buildings. Meanwhile, the building itself has a median asking price of $2,025,000. For interested buyers, that means the building's median asking price is around 1.70% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $2,750,000. It is a 1,892 sqft 2-bedroom and 3-bathroom unit.