For Sale: Gramercy Multi-Family, 8 Units (3 Free Market, 5 Rent-Stabilized) $2,999,000 Rare Investment opportunity!
Nestled on a quiet, tree-lined block in Gramercy Park, this boutique pre-war apartment building offers an exceptional opportunity on Manhattan's coveted east side. Built in 1910 and meticulously maintained, the four-story walk-up comprises 8 residential units across approximately 4,196 square feet, blending timeless character with reliable income.
The property features a total of 10 bedrooms and 8 bathrooms, configured as six spacious studios and two duplex two-bedroom residences, one of which includes a private balcony. A shared rooftop terrace and basement add to the building's functionality and desirability.
Currently configured with 3 free-market units and 5 rent-stabilized units, the building provides both consistent income and long-term upside potential.
Ideally located just under half a mile from Union Square and major subway lines-including the L, N, Q, R, 4, 5, 6, and W-352 East 19th Street combines the best of Manhattan convenience with Gramercy's signature neighborhood charm.
A rare chance to acquire a boutique residential asset in one of Manhattan's most enduringly desirable neighborhoods.
Listed by Sungmee Michelle Kim
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License #10301219234
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Brown Harris Stevens Residential Sales LLC
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(917) 496-9760
Listed by David Bibian
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License #10401240901
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Brown Harris Stevens Residential Sales LLC
Last updated September 02, 2025
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Source: REBNY #RLS20044226
Listing Facts
TypeMulti-family
NeighborhoodGramercy Park
Bedrooms4
Bathrooms6
Days on Prevu14
Taxes$57,672/year
Size4,100 sqft
Price per sqft$731
Amenities
Private Outdoor Space
Location
Mortgage Calculator
Listing History
08/28/2025
Price Decreased
$2,999,000
08/25/2025
Listed by Brown Harris Stevens Residential Sales LLC
$3,150,000
Estimated Closing Costs
Total
$106,667
Attorney Fees
$4,000
NYC Mansion Tax
$37,487
Title Insurance
$13,496
Bank Attorney
$1,500
Mortgage Recording Tax
$46,184
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $2,999,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.