34 Gramercy Park E #7AR
About This Property
Old world detail and charm in an historic building
This distinctive 2-bedroom, 2-bath apartment has all the elegance of the nineteenth century. Throughout the apartment are lofty 10-foot ceilings, exquisitely detailed doors and moldings, and intaglio floor patterns. The expansive 28-foot long living room/dining area, with two original fireplaces, is ideal for entertaining and gracious living.
The eat-in kitchen is perfect for convivial dining. Beyond the kitchen, there is space for a home office or cozy den. The apartment has a coveted washer/dryer.
The bedrooms have two large, south facing windows and their original fireplaces (now decorative) and hearth tiles. The primary bedroom has an en-suite bath.
'The Gramercy' is one of Manhattan's treasures. It was built in 1883 in Queen Anne style and home to many famous people, past and present, including James Cagney and Margaret Hamilton, the Wicked Witch of the West. It is Manhattan's first co-op and one of New York's most sought-after buildings. It is renowned for its beautiful lobby with Tiffany glass ceiling, Grueby and Minton tiles, and original fireplace, hearth and mantle mirror. With this distinguished address, 34 Gramercy Park East, you have access to Gramercy Park, the only private park in Manhattan.
Residents enjoy a 24-hour doorman, live-in building manager and full staff. There is private storage that conveys with the apartment, a package room, central laundry, and bike room. Pets are welcome, and pieds-a-terre are considered. The building is conveniently located near great shopping, the Union Square Green Market, and outstanding restaurants.
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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 27, 2023 | Sold to Noah Wunsch | $2,150,000 | |
Sold to Noah Wunsch | |||
Jan 23, 2023 | In contract | - | |
In contract | |||
Jan 5, 2023 | Listed by Compass | $2,495,000 | |
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 |
---|---|---|---|---|---|---|---|---|
11/30/2023
|
2 Bed
|
1 Bath
|
-
|
$1,875,000
2 Bed
1 Bath
|
$1,730,000
-7.73%
06/18/2024
|
-
|
Dogan Baruh
Compass
|
|
07/26/2023
|
1 Bed
|
1 Bath
|
-
|
$1,150,000
1 Bed
1 Bath
|
$985,000
-14.35%
06/20/2024
|
-
|
Dogan Baruh
Compass
|
|
01/05/2023
|
2 Bed
|
2 Bath
|
-
|
$2,495,000
2 Bed
2 Bath
|
$2,150,000
-13.83%
04/27/2023
|
-
|
Dogan Baruh
Compass
|
|
10/01/2021
|
2 Bed
|
2 Bath
|
-
|
$3,150,000
2 Bed
2 Bath
|
$3,150,000
05/02/2022
|
-
|
Dogan Baruh
Compass
|
|
03/12/2021
|
1 Bed
|
1 Bath
|
-
|
$1,600,000
1 Bed
1 Bath
|
$1,600,000
08/17/2021
|
-
|
Dogan Baruh
Compass
|
|
07/11/2020
|
2 Bed
|
2 Bath
|
-
|
$2,295,000
2 Bed
2 Bath
|
$2,050,000
-10.68%
03/12/2021
|
-
|
Nadine Adamson
Brown Harris Stevens Residential Sales LLC
|
|
01/22/2020
|
2 Bed
|
1 Bath
|
-
|
$2,495,000
2 Bed
1 Bath
|
$2,495,000
09/23/2020
|
-
|
Dogan Baruh
Compass
|
|
09/28/2018
|
2 Bed
|
2 Bath
|
-
|
$3,300,000
2 Bed
2 Bath
|
$3,075,000
-6.82%
01/15/2019
|
-
|
William Roche
Realty Connect USA LLC
|
|
07/10/2018
|
1 Bed
|
2 Bath
|
-
|
$2,950,000
1 Bed
2 Bath
|
$2,250,000
-23.73%
01/15/2019
|
-
|
Chris Kann
Corcoran Group
|
|
04/15/2018
|
2 Bed
|
2 Bath
|
-
|
$1,895,000
2 Bed
2 Bath
|
$1,750,000
-7.65%
07/25/2019
|
-
|
Dogan Baruh
Compass
|
|
06/22/2017
|
3 Bed
|
2 Bath
|
1900 ft²
|
$3,450,000
3 Bed
2 Bath
1900 ft²
|
$3,300,000
-4.35%
01/29/2018
|
-
|
Lynne C. Lerner
RES
|
|
05/26/2015
|
3 Bed
|
2 Bath
|
-
|
$1,950,000
3 Bed
2 Bath
|
$1,810,000
-7.18%
10/17/2016
|
-
|
Maxwell Ullman
Compass
|
|
10/03/2014
|
2 Bed
|
2 Bath
|
-
|
$2,500,000
2 Bed
2 Bath
|
$2,500,000
02/05/2021
|
-
|
Jeanne Byers
Warburg Realty Partnership, Ltd.
|
|
02/23/2014
|
5 Bed
|
5 Bath
|
3418 ft²
|
$9,000,000
5 Bed
5 Bath
3418 ft²
|
-
-
|
-
|
Lynne C. Lerner
RES
|
|
01/21/2014
|
1 Bed
|
1 Bath
|
-
|
$725,000
1 Bed
1 Bath
|
$725,000
02/05/2021
|
-
|
Jessica M. Huff
Sherman NYC
|
|
01/21/2014
|
4 Bed
|
1 Bath
|
-
|
$1,575,000
4 Bed
1 Bath
|
$1,350,000
-14.29%
02/05/2021
|
-
|
Judith Thorn
Coldwell Banker Warburg
|
|
10/21/2013
|
3 Bed
|
2 Bath
|
-
|
$1,995,000
3 Bed
2 Bath
|
-
-
|
-
|
Amanda Brainerd
Brown Harris Stevens Residential Sales LLC
|
|
10/01/2013
|
2 Bed
|
2 Bath
|
-
|
$1,950,000
2 Bed
2 Bath
|
$1,900,000
-2.56%
03/10/2014
|
-
|
Darren Sukenik
Compass
|
|
09/21/2013
|
3 Bed
|
1 Bath
|
-
|
$3,750,000
3 Bed
1 Bath
|
-
-
|
-
|
Eileen Robert
Compass
|
|
09/21/2013
|
1 Bed
|
1 Bath
|
-
|
$3,750,000
1 Bed
1 Bath
|
-
-
|
-
|
Eileen Robert
Compass
|
|
03/06/2013
|
1 Bed
|
1 Bath
|
1150 ft²
|
$1,385,000
1 Bed
1 Bath
1150 ft²
|
$1,360,000
-1.81%
01/29/2014
|
-
|
Judith Thorn
Coldwell Banker Warburg
|