160 Third Avenue (The Gramercy Spire)
160 Third Avenue, New York, NY 10003
Gramercy Park
BBL 1008710044 · BIN 1017804
- Year built
- 1963
- Type
- Cooperative
- Units
- 147
- Floors
- 22
- Landmark
- No
- Pets
- Permitted with board approval
- Subletting
- Permitted three of every five years after two years of residency, with board approval
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $966
- Listing discount
- 2.0%
- Recorded sales
- 158
- On record
- 2003–2026
160 Third Avenue — The Gramercy Spire — is a full-service post-war cooperative on the west side of Third Avenue between East 15th and East 16th Streets, east of Irving Place and within walking distance of both Union Square and Gramercy Park. Built in the early 1960s and converted to a cooperative in 1979, the 22-story building is one of the more gracefully composed post-war towers in the Union Square and Gramercy area — a symmetrical flush facade with corner balconies and a set-back crown. Apartments transfer as co-op shares, so it is properly read on a co-op, price-per-room basis.
The building trades as a bread-and-butter Gramercy cooperative — an entry-level-to-mid building weighted toward studios, one-bedrooms, and two-bedrooms, with steady transaction volume. It is a full-service co-op with a doorman, a live-in superintendent, and an on-site garage, in a location that combines Union Square's transit and retail with Gramercy's residential calm.
For buyers, the appeal is a well-located, well-run full-service co-op at an accessible price point, with an on-site garage and a comparatively accommodating board framework for the neighborhood. It sits just outside the Gramercy Park Historic District, so it is not landmark-constrained.
Architecture and unit composition
The Gramercy Spire is a 22-story post-war apartment tower with a compact, symmetrical composition, corner balconies shared between flanking apartments, and top floors set back to form a crown. It holds approximately 147 residential apartments over a small ground-floor commercial component.
The unit mix runs mostly to studios, one-bedrooms, and two-bedrooms, with a handful of three-bedrooms and some combined larger units. Because listings frequently transfer without a stated square footage, apartments here are best read on a price-per-room basis, with floor, exposure, balcony access, and renovation condition as the primary pricing variables.
Building operations
The Gramercy Spire operates as a full-service cooperative: full-time doorman, live-in superintendent, an on-site garage, central laundry, a bicycle room, a garden courtyard, and storage. The building is professionally managed.
Financing is permitted up to 75 percent. Subletting is permitted three of every five years after an initial two-year residency requirement, with board approval. Pets are allowed on a board-permission basis, and pieds-à-terre are accommodated case-by-case. Buyers should confirm the current maintenance schedule, any assessments, the reserve position, and the flip-tax structure during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $38,051/yr
- Per unit / month range
- $0 – $22
Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
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 →Management & transfer contacts
- Flip tax
- Yes
- Sublet policy
- Allowed
- Pied-à-terre
- Allowed
- Notable fees
- Min Down Payment: 25%
Recent sales
Because apartments transfer as cooperative shares, the building is best read on a price-per-room basis rather than strictly per square foot. It trades as an entry-level-to-mid Gramercy cooperative, heavy on studios and one-bedrooms, with steady volume. Pricing is driven by floor, exposure, balcony access, and renovation condition; larger combined units and high-floor two-bedrooms sit at the top of the building's range. The Union Square and Gramercy location and the on-site garage are consistent demand supports.
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 |
|---|---|---|---|---|---|
| Apr 29, 2026 | 14F | 1 BR · 1 BA · 625 sf | $605,000 | $968/sf | +0.8% |
| Feb 27, 2026 | 18G | 1 BA · 632 sf | $610,000 | $965/sf | -9.6% |
| Dec 22, 2025 | 7G | 1 BA · 565 sf | $575,000 | $1,018/sf | -4.2% |
| Nov 17, 2025 | 22A | 1 BR · 1 BA · 900 sf | $1,200,000 | $1,333/sf | +3.4% |
| Oct 17, 2025 | 5E | 1 BR · 1 BA · 850 sf | $625,000 | $735/sf | +5.9% |
| Aug 14, 2025 | 15E | 1 BR · 1 BA | $905,000 | -2.2% | |
| Aug 11, 2025 | 14E | 1 BR · 1 BA · 875 sf | $965,000 | $1,103/sf | -3.0% |
| Jun 12, 2025 | 18C | 1 BA · 650 sf | $670,000 | $1,031/sf | +3.1% |
Market read. Most recent trades (2026) cleared a median $966/sf across 2 sales. Median listing discount 2.0% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
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 1-00871-0044) 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
This is a full-service Gramercy co-op at an accessible price. You are buying cooperative shares, with a board process and moderate carrying costs relative to condos. The on-site garage and the Union Square proximity are practical advantages.
The board framework is comparatively accommodating. Financing to 75 percent is permitted, subletting is allowed on a rolling basis after an initial residency period, and pets and pieds-à-terre are accommodated with board approval. Confirm the specific rules for your situation early.
Condition and floor drive price. Renovation quality, floor, and balcony access are the primary pricing variables. Inspect finishes, kitchens, baths, and mechanicals carefully and price against genuinely comparable condition.
Confirm carrying costs, reserves, and flip tax. Review the maintenance schedule, any assessments, the reserve position, recent capital projects, and the transfer-fee structure. Model the full monthly carry.
Run the numbers on transfer costs. Run pricing through the Mansion Tax Calculator where applicable.
What to know if you’re selling
Lead with the location and the services. The Union Square and Gramercy address, the on-site garage, and the full-service package are the differentiators. Marketing should foreground the convenience and the building's graceful post-war composition.
Condition and balcony access are your leverage. Because renovation quality, floor, and outdoor access drive pricing spread, presentation and staging materially affect outcome in the building's studio-and-one-bedroom inventory.
Price per room against the right comps. Comparable analysis should weight floor, exposure, balcony access, and condition, and benchmark against the neighborhood's other post-war cooperatives.
Comparable buildings
If you're considering 160 Third Avenue, also evaluate:
- 230 East 15th Street (The Rutherford) — full-service white-brick cooperative facing Stuyvesant Square nearby
- 210 East 15th Street (Parc Fifteen) — white-brick cooperative on Stuyvesant Square
- 50 Lexington Avenue (Gramercy North) — 1987 condop cooperative; full-service, flexible policy framework
- Madison Green — full-amenity condominium at the Flatiron edge
- Gramercy — the broader corridor's cooperative tradition
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 Spire?
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 Spire 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.