32 Gramercy Park S #16G
About This Property
Situated on a high floor, this large 2 bedroom, 2 bath, apartment could easily be converted to 3 bedrooms. It has a wall of windows providing the living and dining areas with extensive city views and spectacular eastern light complemented by a charming northern vista.
The gracious entry room, with access to a full bath, is the perfect reception area to the open and welcoming living room. The dining section of the loft-like living room has ample space for a large dining table. The kitchen, with large pass through, has all new appliances and a new Washer/Dryer!! (The W/D are grandfathered in).
A generous master bedroom has eastern and northern exposures with views of both the Empire State and New York Life Buildings. The large open bedroom closet could easily become a nursery or office. The second bedroom is a small suite  bedroom and sitting area  affording great privacy for guests, nanny or family. It can very easily be converted to two bedrooms or a bedroom with nursery or office.
The very ample master bathroom is completely tiled and the second has a tub. The apartment has hard wood floors and lots of closets. There are many options to custom tailor this apartment to your needs or just move in as is!
32 Gramercy Park South is a full-service cooperative with an exceptional staff, including 24-hour doorman and a resident manager, central laundry, bike room, on-site parking garage. There is a stunning common planted roof deck with 360-degree views of Manhattan's dramatic skyline. The building is pied-a-terre and pet friendly on a case by case basis. There is no flip tax.
The building has had extensive capital improvements including new elevators, an elegantly designed lobby and energy conversion with the installation of two new gas burners. The cooperative is well managed financially and receives income from the garage, professional office and retail stores.
Perfectly located, this apartment is close to transportation, shopping, Union Square, Madison Square Park and some of New York City's best restaurants. Many charming surrounding blocks make 32 Gramercy Park South the perfect place to call home.
This is a great opportunity to live in fine style in one of New York's most exclusive neighborhoods  Gramercy Park  and it comes with an option to have a KEY TO THE PARK!
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Your Estimated Monthly Payment
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 |
---|---|---|---|
Apr 13, 2022 | Sold | $2,480,000 | |
Sold | |||
Jan 8, 2022 | In contract | - | |
In contract | |||
Nov 11, 2021 | Price Decreased |
$2,480,000
↓ $115K
(4.4%)
|
|
Price Decreased | |||
Oct 13, 2021 | Listed by Compass | $2,595,000 | |
Listed by Compass |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/18/2024
|
1 Bed
|
1 Bath
|
-
|
$1,195,000
1 Bed
1 Bath
|
$1,150,000
-3.77%
10/16/2024
|
-
|
Anna Coatsworth
Compass
|
|
11/28/2023
|
1 Bed
|
1 Bath
|
-
|
$725,000
1 Bed
1 Bath
|
$725,000
03/27/2024
|
-
|
STEVEN COHEN
Prudential Douglas Elliman Real Estate
|
|
10/27/2023
|
1 Bed
|
1 Bath
|
-
|
$872,500
1 Bed
1 Bath
|
$872,500
04/09/2024
|
-
|
Juliet Shine
Keller Williams NYC
|
|
10/10/2023
|
1 Bed
|
1 Bath
|
650 ft²
|
$659,000
1 Bed
1 Bath
650 ft²
|
$659,000
01/29/2024
|
-
|
Nadia Bartolucci
Elliman
|
|
08/14/2023
|
1 Bed
|
1 Bath
|
-
|
$825,000
1 Bed
1 Bath
|
$880,000
+6.67%
03/26/2024
|
-
|
Ryan Gloor
The Corcoran Group
|
|
08/03/2023
|
1 Bed
|
1 Bath
|
-
|
$1,025,000
1 Bed
1 Bath
|
$1,025,000
11/15/2023
|
-
|
Nicholas Oliver
Modern Spaces, LLC
|
|
08/01/2023
|
2 Bed
|
1 Bath
|
-
|
$1,150,000
2 Bed
1 Bath
|
$1,150,000
01/22/2024
|
-
|
Caleb Loftus
Compass
|
|
06/30/2023
|
Studio
|
1 Bath
|
-
|
$725,000
Studio
1 Bath
|
$607,500
-16.21%
02/20/2024
|
-
|
Garret Lepaw
Elliman
|
|
05/10/2023
|
1 Bed
|
1 Bath
|
-
|
$1,095,000
1 Bed
1 Bath
|
$995,000
-9.13%
11/16/2023
|
-
|
Stephen Dartley
Elliman
|
|
04/13/2023
|
Studio
|
1 Bath
|
-
|
$650,000
Studio
1 Bath
|
$680,000
+4.62%
10/03/2023
|
-
|
Stephen Dartley
Elliman
|
|
02/09/2023
|
1 Bed
|
1 Bath
|
-
|
$1,175,000
1 Bed
1 Bath
|
$1,175,000
07/27/2023
|
-
|
Sally Hallows
Brown Harris Stevens
|
|
12/12/2022
|
1 Bed
|
1 Bath
|
-
|
$650,000
1 Bed
1 Bath
|
$670,000
+3.08%
03/24/2023
|
-
|
NEAL PATEL
Prudential Douglas Elliman Real Estate
|
|
05/18/2022
|
1 Bed
|
1 Bath
|
-
|
$875,000
1 Bed
1 Bath
|
$720,000
-17.71%
02/10/2023
|
-
|
Gabriella Winter
Corcoran Group
|
|
04/12/2022
|
1 Bed
|
1 Bath
|
-
|
$925,000
1 Bed
1 Bath
|
$900,000
-2.70%
10/18/2022
|
-
|
Stephen Dartley
Elliman
|
|
03/01/2022
|
1 Bed
|
1 Bath
|
-
|
$935,000
1 Bed
1 Bath
|
$935,000
06/21/2022
|
-
|
Peter Zaitzeff
The Corcoran Group
|
|
01/24/2022
|
Studio
|
1 Bath
|
550 ft²
|
$660,000
Studio
1 Bath
550 ft²
|
$665,000
+0.76%
07/29/2022
|
-
|
Gregory Balderacchi
Homelister Inc
|
|
01/15/2022
|
2 Bed
|
2 Bath
|
1100 ft²
|
$1,300,000
2 Bed
2 Bath
1100 ft²
|
$1,250,000
-3.85%
06/24/2022
|
-
|
Stephen Dartley
Elliman
|
|
01/12/2022
|
Studio
|
1 Bath
|
-
|
$660,000
Studio
1 Bath
|
$685,000
+3.79%
04/20/2022
|
-
|
Neil Zaken
BOND New York
|
|
12/01/2021
|
Studio
|
1 Bath
|
-
|
$635,000
Studio
1 Bath
|
$620,000
-2.36%
04/19/2022
|
-
|
Sean Devine Team
Elliman
|
|
11/22/2021
|
Studio
|
1 Bath
|
-
|
$715,000
Studio
1 Bath
|
$691,000
-3.36%
06/16/2022
|
-
|
Stephen Dartley
Elliman
|
|
11/09/2021
|
1 Bed
|
1 Bath
|
600 ft²
|
$875,000
1 Bed
1 Bath
600 ft²
|
$815,000
-6.86%
04/01/2022
|
-
|
Alexander Boriskin
Prudential Douglas Elliman Real Estate
|
|
10/14/2021
|
1 Bed
|
1 Bath
|
-
|
$922,000
1 Bed
1 Bath
|
$875,000
-5.10%
06/27/2022
|
-
|
Kelly Robinson
Compass
|
|
10/13/2021
|
2 Bed
|
2 Bath
|
-
|
$2,595,000
2 Bed
2 Bath
|
$2,480,000
-4.43%
04/13/2022
|
-
|
Dogan Baruh
Compass
|
|
06/09/2021
|
1 Bed
|
1 Bath
|
-
|
$1,100,000
1 Bed
1 Bath
|
$1,050,000
-4.55%
10/19/2021
|
-
|
Stephen Dartley
Elliman
|
|
06/08/2021
|
1 Bed
|
1 Bath
|
-
|
$995,000
1 Bed
1 Bath
|
$985,000
-1.01%
12/06/2021
|
-
|
Kelly Robinson
Compass
|
|
04/17/2021
|
1 Bed
|
1 Bath
|
-
|
$799,000
1 Bed
1 Bath
|
$799,000
07/05/2021
|
-
|
Stephen Dartley
Elliman
|
|
03/02/2021
|
1 Bed
|
1 Bath
|
-
|
$1,050,000
1 Bed
1 Bath
|
$995,000
-5.24%
06/24/2021
|
-
|
Kevin Sneddon
Compass
|
|
01/19/2021
|
3 Bed
|
4 Bath
|
-
|
$4,800,000
3 Bed
4 Bath
|
$4,800,000
02/11/2021
|
-
|
Joshua Rubin
Douglas Elliman Real Estate
|
|
01/06/2021
|
1 Bed
|
1 Bath
|
-
|
$1,250,000
1 Bed
1 Bath
|
$1,225,000
-2.00%
04/15/2021
|
-
|
Peter Zaitzeff
The Corcoran Group
|
|
08/28/2020
|
1 Bed
|
1 Bath
|
-
|
$975,000
1 Bed
1 Bath
|
$950,000
-2.56%
04/28/2021
|
-
|
Boris Fabrikant
Compass
|
|
07/19/2020
|
1 Bed
|
1 Bath
|
-
|
$1,250,000
1 Bed
1 Bath
|
$1,250,000
03/02/2021
|
-
|
Michael Murphy
Halstead Property, LLC
|
|
07/01/2020
|
1 Bed
|
1 Bath
|
-
|
$849,000
1 Bed
1 Bath
|
$795,000
-6.36%
10/22/2020
|
-
|
Nikki Field
Sothebys International Realty
|
|
06/29/2020
|
1 Bed
|
1 Bath
|
-
|
$975,000
1 Bed
1 Bath
|
$850,000
-12.82%
12/11/2020
|
-
|
Rajan Khanna
Brown Harris Stevens Residential Sales LLC
|
|
05/15/2020
|
1 Bed
|
1 Bath
|
-
|
$965,000
1 Bed
1 Bath
|
$965,000
09/25/2020
|
-
|
Michael Murphy
Halstead Property, LLC
|
|
09/09/2019
|
2 Bed
|
2 Bath
|
-
|
$2,650,000
2 Bed
2 Bath
|
$2,650,000
04/01/2020
|
-
|
Dogan Baruh
Compass
|
|
07/01/2019
|
1 Bed
|
1 Bath
|
-
|
$829,000
1 Bed
1 Bath
|
$835,000
+0.72%
01/30/2020
|
-
|
De Recope
Realty De Tilly NY LLC
|
|
11/07/2018
|
3 Bed
|
3 Bath
|
-
|
$2,495,000
3 Bed
3 Bath
|
$2,495,000
02/08/2019
|
-
|
Lynn Sullivan
Brown Harris Stevens
|
|
10/11/2018
|
1 Bed
|
1 Bath
|
-
|
$975,000
1 Bed
1 Bath
|
$895,000
-8.21%
07/19/2019
|
-
|
Patrick Lilly
The Corcoran Group
|
|
10/02/2018
|
1 Bed
|
1 Bath
|
-
|
$899,000
1 Bed
1 Bath
|
$899,000
01/07/2019
|
-
|
Sydney Blumstein
The Corcoran Group
|
|
09/13/2018
|
1 Bed
|
1 Bath
|
-
|
$775,000
1 Bed
1 Bath
|
$670,000
-13.55%
04/23/2019
|
-
|
Christine Muldoon
Compass
|
|
08/07/2018
|
1 Bed
|
1 Bath
|
-
|
$995,000
1 Bed
1 Bath
|
$995,000
01/02/2019
|
-
|
Lynne Lerner
Compass
|
|
07/09/2018
|
2 Bed
|
2 Bath
|
-
|
$1,495,000
2 Bed
2 Bath
|
$1,495,000
12/26/2018
|
-
|
Paul Kolbusz
The Corcoran Group
|
|
02/15/2018
|
1 Bed
|
1 Bath
|
-
|
$895,000
1 Bed
1 Bath
|
$985,000
+10.06%
05/17/2018
|
-
|
Leeann Jaffee
Compass
|
|
09/15/2017
|
1 Bed
|
1 Bath
|
850 ft²
|
$1,000,000
1 Bed
1 Bath
850 ft²
|
$1,050,000
+5.00%
02/09/2018
|
-
|
Amie Fields
Corcoran Group
|
|
09/12/2017
|
1 Bed
|
1 Bath
|
-
|
$899,000
1 Bed
1 Bath
|
-
-
|
-
|
Jessica M. Huff
Sherman NYC
|
|
09/11/2017
|
1 Bed
|
1 Bath
|
-
|
$795,000
1 Bed
1 Bath
|
$835,000
+5.03%
|