- Year built
- 1955
- Type
- Cooperative
- Units
- 54
- Floors
- 7
- Landmark
- No
- Pets
- Pet-friendly (typically one dog per apartment under house rules)
- Subletting
- Permitted under a comparatively liberal framework with board approval; confirm current terms at offer stage
- Flip tax
- Applicable per the proprietary lease; confirm the current rate and payer at offer stage
Every recorded sale at this building, 2004–2024
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Recent range
- $990K – $990K
- Listing discount
- 4.1%
- Recorded transfers
- 22
The Gramercy Regent is a pre-war-adjacent post-war cooperative on one of Gramercy's best residential blocks — East 18th Street between Irving Place and Third Avenue, a short walk from Gramercy Park itself. Completed in 1955 and converted to cooperative ownership in 1991, the seven-story building holds 54 apartments and operates as a well-kept, service-light co-op with a comparatively liberal policy framework.
The location is the anchor. Irving Place and the Gramercy Park blocks give this stretch a quiet, tree-lined residential character that is rare this close to Union Square, and the building sits within a short walk of the L at Third Avenue and the 4/5/6/N/Q/R at Union Square. For buyers, the Regent offers the combination that makes boutique Gramercy co-ops attractive: a prime address, moderate carrying costs, an accommodating sublet policy, and a mix of well-proportioned studios and one-bedrooms.
It is a practical, well-located building rather than a full-amenity trophy — and it prices accordingly.
Architecture and unit composition
The 54 apartments distribute across seven stories in a mid-century brick envelope. The unit mix leans toward studios and one-bedrooms, many with the efficient layouts, good closet space, and solid room proportions typical of the era; a number of apartments have been updated with in-unit washer-dryers and renovated kitchens and baths.
Renovation quality varies apartment to apartment and is the primary driver of the pricing spread within the building. Buyers should read each apartment on its own condition, floor, and exposure rather than against a single building-wide figure.
Building operations
The Gramercy Regent runs a service-light but attentive operation: a part-time doorman, a live-in superintendent, a central laundry room, and an elevator. There is no gym, roof deck, or on-site parking — expected for a 54-unit post-war co-op of this scale, and part of why carrying costs stay moderate.
The building is pet-friendly, permits pieds-à-terre on a case-by-case basis, and carries a comparatively liberal sublet framework with board approval — a genuine feature for owners who value flexibility over the life of ownership. Financing is permitted with a minimum down in the standard range, and a flip tax applies under the proprietary lease. Buyers should confirm the current maintenance schedule, any assessments, the reserve position, recent capital work, and the exact sublet and financing terms during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $23,221/yr
- Per unit / month range
- $0 – $37
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
As a cooperative, the Gramercy Regent is read on a price-per-room basis. Many apartments trade without a published square footage, so per-room and per-estimated-room pricing is the more reliable comparison than dollars per square foot. Recent closings have run from roughly the mid-hundreds of thousands for studios up toward the high hundreds of thousands and beyond for larger, renovated one-bedroom layouts — with condition, floor, and exposure driving the premium within the building.
Apartments here have historically sold within a normal range of asking after a standard marketing period, consistent with a well-located, service-light Gramercy co-op. The prime address and liberal sublet policy are recurring points of buyer appeal across market cycles. Specific recent figures should be confirmed against current recorded transfers at offer stage.
Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Dec 20, 2024 | 4H | 2 BR · 2 BA | $990,000 | -0.8% | |
| Nov 1, 2022 | 5J | 1 BR · 1 BA | $835,000 | +0.0% | |
| Jun 17, 2022 | 1CD | 2 BR · 2 BA · 1,300 sf | $1,300,000 | $1,000/sf | -7.1% |
| Feb 14, 2020 | 1J | 1 BR · 1 BA | $695,000 | -4.1% | |
| Oct 27, 2017 | 5J | 1 BR | $820,000 | -0.6% | |
| Nov 10, 2015 | 2HJ | 3 BR | $2,190,000 | -4.6% | |
| Feb 24, 2015 | 5GH | 3 BR | $1,900,000 | -10.6% | |
| Aug 15, 2013 | 5J | 1 BR | $660,000 | +2.3% |
Market read. $/sf is measured on the latest sales with reliable square footage (2022): a median $1,000/sf across 1 sale. The building has traded as recently as 2024. Median listing discount 4.1% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00874-7501) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
Location is the asset. A quiet block a short walk from Gramercy Park and Irving Place is durable value. You are buying the address as much as the apartment.
Understand the co-op economics. Financing is permitted with a roughly 20 percent minimum down; a flip tax applies. Model the full carry and confirm the current financing threshold, flip-tax rate, and any assessments.
Condition drives price. Renovation quality is the primary variable within the building. Inspect kitchens, baths, and mechanicals and price against comparable condition.
The sublet policy is a genuine feature. For buyers who value flexibility, the building's comparatively liberal sublet framework is a differentiator among Gramercy-area co-ops. Confirm current terms with the board.
Board approval applies. As a cooperative, purchases require board approval. Prepare a complete, well-documented board package.
What to know if you’re selling
Lead with the Gramercy address. The Gramercy Park–adjacent location and quiet block are the headline against more generic post-war stock nearby.
Presentation matters. Because condition drives the pricing spread, staging and preparation materially affect outcome.
Price per room against the right comps. Comparable analysis should weight floor, exposure, and condition, and account for the building's liberal sublet policy in the buyer pool it attracts.
Comparable buildings
If you're considering 157 East 18th Street, also evaluate the broader Gramercy and Gramercy Park cooperative market — pre-war and post-war co-ops of similar boutique scale, where address, floor, exposure, and renovation condition drive apartment-level pricing more than any building-wide average.
The neighborhood
For the full corridor — architecture, schools, transit, and pricing across Gramercy — read The Roebling Team Guide to Gramercy.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
Considering a move at The Gramercy Regent?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Gramercy Regent would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.