Investing in New York City
Discover Gramercy Park: A Private Oasis in the Heart of Manhattan
Gramercy Park, a two-acre private oasis on the east side of Manhattan, stands as one of only two private parks in New York City. Representing wealth and exclusivity, this spot requires a key for entry and is a symbol of aspiration. Nestled between East 20th and 21st streets just east of Park Avenue South, Gramercy Park is a sight to behold, even from outside its gates. Here's your guide to Gramercy Park, from its intriguing history to living in the neighborhood.
Gramercy Park: A Green Haven in the Heart of Manhattan
Gramercy Park, one of New York City's two private parks, has held its gates locked since 1844, accessible only to keyholders among the 39 surrounding townhouses, apartments, and clubs. Obtaining a key, if eligible, costs around $350, with 383 keys in circulation.
If you're without a key, a stay at the Gramercy Park Hotel grants park access. However, remember to abide by the rules: no alcohol, smoking, biking, dog walking, sports, Frisbee, or bird/squirrel feeding. Photography, especially for commercial use, is strictly prohibited.
Living in Gramercy Park
Gramercy Park's charm extends beyond its gates. The neighborhood features elegant prewar doorman buildings, attracting celebrities like Jimmy Fallon (and many others). While asking prices are high, deals can be found, especially in midcentury buildings needing updates.
Notable Addresses and History in Gramercy Park
Gramercy Park is adorned with historic gems, such as Pete's Tavern, where O. Henry wrote "The Gift of the Magi." Irving Place, named after Washington Irving, features landmarks like The Players and the National Arts Club. Further east, the Theodore Roosevelt Birthplace National Historic Site awaits American-history enthusiasts.
Centrally located, Gramercy Park is conveniently close to Union Square, the Village, and numerous restaurants. With easy access to the 6 train at 23rd street and Union Square's transportation hub, midtown is just seven minutes away. Enjoy the vibrant neighborhood, including popular spots like Friend of a Farmer and Blue Bottle Coffee.
Explore a selection of these exclusive residences, each offering a blend of sophistication and comfort. The neighborhood boasts a range of prestigious developments, including 50 Gramercy Park North, One Madison Park, and The Grand Madison. These luxury buildings feature top-tier amenities, stunning architecture, and meticulous attention to detail. Whether you seek panoramic views, state-of-the-art facilities, or bespoke interiors, Gramercy Park's luxury offerings are sure to exceed expectations.
The Elusive Opening of Gramercy Park
While attempts to open Gramercy Park to the public have been thwarted, the neighborhood thrives as a bustling and wonderful place to live. Although Gramercy Day and public access on Christmas Eve offer brief exceptions, the park's exclusivity remains intact.
Explore Gramercy Park, where history, elegance, and exclusivity converge in the heart of Manhattan.