53 Gramercy
About This Property
Step inside to discover a sophisticated main living area featuring elegant upgraded flooring, automated designer window treatments, custom wall design, modern lighting, contemporary fireplace, custom glass staircase and much more. High-volume ceilings and recessed energy efficient LED lighting create a bright and inviting atmosphere, while the luxurious primary suite-complete with a large walk-in closet and sweeping views-offers a serene private retreat. Exceptional natural light fills the home, further enhancing its peaceful, thoughtfully designed layout.
Enjoy two outdoor balconies with picturesque views of the park, city and sunsets. The highly desirable open floorplan includes a chef-inspired kitchen equipped with a large center island, quartz countertops, modern cabinetry, and professional-grade stainless steel appliances-perfect for culinary enthusiasts and entertainers alike.
This property also features a RARE, oversized 3-car finished garage with EV charger, providing ample storage and direct interior access. Living like a single-family home with no units above or below, the residence ensures exceptional privacy and comfort.
The Manhattan enclave boasts one of the lowest HOA fees in Central Park West, delivering outstanding value. Residents can indulge in resort-style amenities, including two heated pools, a clubhouse, state-of-the-art fitness center, exercise/yoga studio, spas, a large multi-purpose room. Additional amenities include a lounge with bar and fireplace, catering kitchen, outdoor barbecue areas, an entertainment terrace with a grand fireplace, a pickleball court, half-basketball court, tot lot, and beautifully landscaped mini-parks. Fine dining and premier shopping are just moments away, offering a world-class culinary scene and diverse retail experiences-from boutique strolls to exceptional nearby restaurants.
53 Gramercy presents a rare opportunity to embrace a refined, sophisticated lifestyle in one of Irvine's most coveted locations, with access to Fashion Island Newport Beach, UCI, John Wayne Airport, and the stunning beaches of Orange County.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 24, 2026 | Sold | ||
| Sold | |||
| Feb 28, 2026 | In contract | - | |
| In contract | |||
| Feb 2, 2026 | Price Decreased |
$1,765,000
↓ $30K
(1.7%) | |
| Price Decreased | |||
| Dec 3, 2025 | Listed by Compass | $1,795,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/03/2025
| |
3 Bed
|
2 Bath
|
2245 ft²
|
$1,795,000
3 Bed
2 Bath
2245 ft²
|
$1,700,000
-5.29%
03/24/2026
|
Jeffrey Caughren
Compass
|
Building Info
About Irvine Business Complex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017