Built in the mid 1800's as The Sanderson's Family Hotel, 38 Gramercy Park is now a 36-unit boutique co-op that operates with condo rules and is delivered with a key to the exclusive Gramercy Park.

This is an exciting opportunity to combine two units and create a spacious 3-bedroom home with triple exposures, including city views and direct sunlight from the east. Alternatively, live in the 2-bedroom, 1-bath unit and have rental income from the studio, which currently covers the maintenance costs. Oak flooring, original molding, and soaring 11-foot ceilings give this home a sense of pre-war luxury living.

A major renovation of the building was recently completed including a facade reconstruction, installation of a beautiful shared roof terrace and numerous other additions. 38 Gramercy Park operates with a live-in resident manager, elevator, bicycle storage, storage rooms for rent and central laundry in the basement. With liberal house rules, this co-op is investment, pied-a-terre and pet friendly.