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31 GRAMERCY Park S #3B
About This Property
Every room is bathed in light, the kind that dances playfully across generous proportions, creating a space that feels both expansive and deeply personal. Here, serenity reigns; the quiet is so profound it feels as though the world beyond ceases to exist, leaving only the hum of your own thoughts.
Nestled within a boutique building that feels more like a private club, this pet-friendly retreat offers modern conveniences and a board so welcoming, it feels like they've been waiting for you all along. The pi ce de r sistance? A coveted key to Gramercy Park-a promise of mornings spent beneath leafy canopies and evenings where twilight lingers just a little longer.
Beyond your door, the city unfurls its vibrant offerings. Amazing restaurants, eclectic shops, and an electric nightlife await, while the charming allure of Irving Place and the dynamic energy of Union Square are just steps away. With all major subways close by, the city is at your feet, yet it's here, in this home, where your heart will truly rest.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 26, 2024 | Listed by Douglas Elliman Real Estate | $1,200,000 | |
Listed by Douglas Elliman Real Estate | |||
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This prewar two bedroom home unfolds like a well-kept secret, a
treasure waiting to be discovered. The high ceilings lend an air of
grandeur, a vastness that feels both infinite and intimate, while
the newly refinished hardwood floors gleam with a quiet kind of
elegance, their surface catching the sun's warm embrace. A
wood-burning fireplace stands at the heart of the home, its
flickering flames whispering stories of comfort and stillness.
Every room is bathed in light, the kind that…
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/04/2023
|
Studio
|
1 Bath
|
-
|
$400,000
Studio
1 Bath
|
$360,000
-10.00%
01/14/2024
|
-
|
Serri Knight
Serhant
| |
06/27/2021
|
1 Bed
|
1 Bath
|
-
|
$1,125,000
1 Bed
1 Bath
|
$1,050,000
-6.67%
01/18/2022
|
-
|
Carolyn Zweben
Prudential Douglas Elliman Real Estate
| |
03/21/2019
|
1 Bed
|
1 Bath
|
-
|
$799,000
1 Bed
1 Bath
|
$690,000
-13.64%
10/04/2019
|
-
|
Patrick Blakslee
The Corcoran Group
| |
09/14/2016
|
1 Bed
|
1 Bath
|
-
|
$990,000
1 Bed
1 Bath
|
-
-
|
-
|
Patrick Blakslee
The Corcoran Group
| |
04/04/2016
|
1 Bed
|
2 Bath
|
-
|
$1,100,000
1 Bed
2 Bath
|
$1,175,000
+6.82%
08/16/2016
|
-
|
Justin Figari
The Corcoran Group
| |
10/06/2015
|
1 Bed
|
1 Bath
|
-
|
$995,000
1 Bed
1 Bath
|
-
-
|
-
|
Patrick Blakslee
The Corcoran Group
| |
04/18/2012
|
1 Bed
|
1 Bath
|
-
|
$799,000
1 Bed
1 Bath
|
$780,000
-2.38%
12/31/2012
|
-
|
Judith Thorn
Coldwell Banker Warburg
|
Building Info
