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48 Gramercy Park N 4BNew York, NY 10010

For Sale

$999,000

Smart Buyer Rebate $12,475


Discover timeless charm and modern luxury in this exceptional one-bedroom residence at 48 Gramercy Park North, located in a distinguished 1858 Italianate townhouse. Overlooking Manhattan's only private park - and with coveted key access - this intimate co-op seamlessly blends pre-war grandeur with modern convenience.

Apartment 4B is filled with character and light, featuring soaring 10-1/2-foot ceilings and oversized windows that bathe the space in natural sunlight throughout the day. A working wood-burning fireplace with a handsome mantle anchors the gracious living room, offering an ideal setting for both quiet evenings and elegant entertaining.

The North- and East-facing bedroom is privately situated just off the living room and opens to a charming terrace, an exceptional feature in any New York apartment. This peaceful outdoor space easily accommodates a bistro table and chairs or a small lounge setup, making it a true extension of the living space. From early spring through late fall, it becomes a favorite spot to enjoy morning coffee or evening cocktails.

This quiet boutique building offers a rare sense of privacy and community, with just eight residences spread across five stories. There is elevator access, a virtual doorman system, central laundry, private storage, and a welcoming policy for pets and pied- a-terres.

Rich in history, the cooperative was once home to Edward Hewitt, grandson of famed industrialist Peter Cooper. Today, it remains one of Gramercy Park's coveted addresses, offering timeless architecture, an unmatched location, and an enduring sense of place.

There is currently a temporary $450 monthly assessment in place. A new roof has recently been completed, and an elevator upgrade is planned.

Listed by Nancy A Van Bourgondien

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Corcoran Group

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(917) 838-8468

Last updated October 20, 2025

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Source: REBNY #RLS20034983

Listing Facts

  • TypeCo-op
  • NeighborhoodGramercy Park
  • Bedrooms1
  • Bathrooms1
  • Days on Prevu108
  • HOA/Maint. Fees$2,358/month
  • Size650 sqft
  • Price per sqft$1,537

Amenities

  • Private Outdoor Space
  • Pets Allowed

Location

Mortgage Calculator

Listing History

10/11/2025
Price Decreased
$999,000
09/16/2025
Status changed to Active
$1,190,000
08/15/2025
Status changed to Removed from Feed
$1,190,000
07/07/2025
Listed by Corcoran Group
$1,190,000

Estimated Closing Costs

Total
$9,500
Attorney Fees
$4,000
Bank Attorney
$1,500
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $999,000 and a 25% 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.

Property Details for 48 Gramercy Park N 4B

Association

Amenities

  • Pets Allowed: Building Yes, Yes

Fees

  • Association Fee: $2,358.00 Monthly

Financial

  • Flip Tax Remarks: ASK EXCL BROKER

Exterior

Construction

  • Number Of Units Total: 8
  • Stories Total: 5
  • Structure Type: High Rise
  • Year Built: 1858
  • Building Name: 48 Gramercy Park North
  • Entry Level: 4

Features

  • Building Features: Elevator(s)
  • Patio And Porch Features: Terrace

Financial

Taxes

  • Parcel Number: 0877-0025-00048-000-000004B

Interior

Features

  • Fireplace: Yes
  • Fireplaces Total: 1

Measurements

  • Living Area: 650
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 1
  • Rooms Total: 3

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Gramercy Park
  • Tax Block: 00877
  • Tax Lot: 0025

Utilities

Equipment

  • Cooling: Wall Unit(s)
  • Has Cooling: Yes

Based on information from Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

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.