The perfect Gramercy one bedroom loft with the lowest monthly expenses: the Gramercy Habitat Condo was converted from an old brewery and designed by the pre-eminent architects of the period, Brunner and Tryon. This one bedroom loft (convertible two bedroom) has it all: enormous windows,  terracotta exposed brick, striking triple-thick wooden beams, incredibly high ceilings, low monthly expenses. Rented out for $4550 as is (with an added room in the living room net rent around $5500). Brunner and Tryon also designed 285 West Broadway, Tribeca's famous Rawitzer building, as well as the Hill Crest house for W. F. Havemeyer (three-term mayor of NYC), 99 Central Park West, and 160 West 82nd Street. Brunner eventually became the president of the NY Chapter of the American Institute of Architects, achieving national fame for the Federal Building in Cleveland, the Department of State Building in DC, and the Public Baths at Asser Levy Place, a designated landmark. This convertible two bedroom can be converted to a two bedroom by adding a bedroom in the 31-foot living room, (both 5H and 6H have been converted to two bedrooms).  Converted two bedroom apartments in the building rent for around $5500 a month, netting a high cap rate!  Pictures do not do it justice so come see it in person for the high ceilings, large south facing windows, enormous living room, tons of closet space, storage, hardwood floors, updated kitchen with dishwasher, all in the Gramercy Park Habitat, a  full-service elevator condominium building. With laundry on every floor, on-site garage, full-time doorman, low monthly common charges, common storage rooms, and bike room, all on a charming tree-lined street. Just two and a half blocks from the subway. New windows were recently installed as well as building-wide high-speed wifi. Hallway renovations are on-going and already paid for. Pet friendly! The Gramercy Habitat is known for its striking bi-color brick and cast iron ornamentation. Converted to a full-service condominium with concierge service in 1983.