- Year built
- 1973
- Type
- Cooperative
- Landmark
- No
- Pets
- Pets permitted
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 1BR median
- $888K
- Recent range
- $700K – $8.5M
- Listing discount
- 2.2%
- Recorded transfers
- 266
Gramercy rewards buyers who want a real neighborhood with a quiet, residential character a short walk from Union Square and the East Side's transit. Park Towers, at the corner of Third Avenue and East 17th Street, is one of the area's larger postwar cooperatives — a 32-story tower that offers the height, light, and open views the lower prewar stock around Gramercy Park cannot, paired with the regular turnover and practical floor plans of a full-service postwar building.
Completed in 1973, the building sits at a useful crossroads: Gramercy Park and Irving Place are a few blocks south and west, Union Square and its transit hub are within easy reach, and the restaurants and services of the East Side surround it. For a buyer who wants a co-op address in Gramercy with elevation, a doorman, and a roof terrace — rather than the scarcity premium and strict terms of a small prewar building on the park itself — Park Towers is a logical option.
A note on names: Park Towers (195 Third Avenue) should not be confused with Gramercy Park Towers at 205 Third Avenue, a separate and larger postwar cooperative one block north. They are different buildings.
Architecture and unit composition
Park Towers is a 32-story postwar cooperative of roughly 270 apartments in the white-brick-era idiom of its 1973 vintage, with balconied lines on some exposures. The height is the building's defining architectural advantage: upper-floor apartments enjoy open city views and strong light, a meaningful contrast to the lower-rise Gramercy stock nearby.
The unit mix runs the postwar range, and at this scale across a single co-op, turnover is steady — Park Towers offers genuine access to a Gramercy co-op address across a spread of layouts. Some apartments carry private balconies and in-unit washer/dryers, practical features that distinguish the better lines in the building.
Building operations
This is a full-service cooperative with a full-time doorman, concierge, elevator service, central laundry, bicycle storage, and a common roof terrace. The service level and the roof amenity are part of the appeal for a household that wants a doorman building with outdoor common space in Gramercy.
Carrying costs are expressed as monthly maintenance, which covers the building's underlying mortgage, real estate taxes, staff, heat, and operations. As with any co-op, board policies — financing limits, flip tax, and pied-à-terre and subletting allowances — vary by amendment and should be confirmed during due diligence. Buyers should review the co-op's financial statements, reserve position, and any assessment or capital-project history during due diligence; the Roebling Research Library maintains current building materials for clients.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $106,057/yr
- Per unit / month range
- $0 – $33
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
Because Park Towers is an approximately 270-unit cooperative, turnover is regular rather than rare — several apartments typically change hands in a given year across the building's layout range. As a co-op, pricing is best read on a per-room and per-line basis rather than strictly on price per square foot: lower-floor and entry layouts anchor the base of the market, while higher floors with open views, private balconies, and renovated interiors command premiums. The doorman, roof terrace, and central location broaden the building's appeal. Our sales view for the building reflects recorded transfers as they post.
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 |
|---|---|---|---|---|---|
| May 26, 2026 | 30F | 1 BR · 1 BA | $900,000 | -5.3% | |
| May 4, 2026 | 29J | 1 BR · 1 BA | $850,000 | +0.0% | |
| Mar 5, 2026 | 32G | 2 BR · 1.5 BA | $1,212,500 | -6.7% | |
| Feb 26, 2026 | 31J | 1 BR · 1 BA | $915,000 | -3.2% | |
| Dec 8, 2025 | 10C | 2 BR · 1 BA | $1,501,720 | +11.3% | |
| Dec 2, 2025 | 31E | 1 BR · 1 BA | $900,000 | -2.1% | |
| Oct 23, 2025 | 16F | 1 BR · 1 BA · 700 sf | $891,848 | $1,274/sf | +6.4% |
| Oct 20, 2025 | 32A | 1 BR · 1 BA · 675 sf | $993,800 | $1,472/sf | -5.4% |
Market read. $/sf is measured on the latest sales with reliable square footage (2025): a median $1,182/sf across 6 sales. The building has traded as recently as 2026. Median listing discount 1.1% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Dec 9, 2009 | 31E | $449,000 |
| Aug 7, 2003 | 24E | $649,000 |
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 1-00898-0001) 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
Buy the floor and the view. The building's height is its edge; upper-floor apartments with open views and good light command the premiums, and private-balcony lines stand out.
It's a co-op — underwrite the board terms. Expect a board package and interview, and confirm the financing limit, flip tax (if any), and pied-à-terre and subletting policies before you commit.
Do postwar co-op diligence. Review the building's financials, reserves, and any assessment or capital-project history. Confirm monthly maintenance and what it covers.
Don't confuse it with 205 Third Avenue. Park Towers (195 Third) and Gramercy Park Towers (205 Third) are separate buildings; make sure your comparables are drawn from the right one. Run any purchase through the Mansion Tax Calculator.
What to know if you’re selling
Lead with elevation and services. Open views, the doorman and concierge, the roof terrace, and the central Gramercy/Union Square location are the rational reasons buyers choose this building.
Position each apartment on floor, exposure, and condition. Higher-floor view lines and renovated apartments command premiums; benchmark against the best comparable apartments in the building rather than against the different building at 205 Third.
Prepare a clean board package. Co-op sales move on the quality of the application and the buyer's financials; a well-prepared package and realistic in-building pricing keep the process moving.
Comparable buildings
If you're weighing Park Towers, these nearby Gramercy and East Side co-ops and condos make a useful comparison set:
- 205 Third Avenue (Gramercy Park Towers) — the larger postwar cooperative one block north
- 200 East 16th Street — a Gramercy/Stuyvesant Square–edge residential building
- 200 East 20th Street — a full-service building near the park
- 130 East 18th Street (Gramercy Plaza) — a full-service postwar co-op near Gramercy Park
- 121 East 22nd Street — a Gramercy residential building a few blocks north
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 Park Towers?
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 Park Towers 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.