205 Third Avenue
205 Third Avenue, New York, NY 10003
Gramercy Park
BBL 1008990001 · BIN 1019580
- Year built
- 1964
- Type
- Cooperative
- Landmark
- No
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
- $1,170
- Listing discount
- 2.0%
- Recorded sales
- 416
- On record
- 2003–2026
Gramercy Park Towers occupies the entire Third Avenue blockfront between East 18th and East 19th Streets — a full-block, 326-unit cooperative that anchors one of the most connected corners in downtown Manhattan. Completed in 1964, it sits at the seam of four neighborhoods that rarely overlap so cleanly: Gramercy Park to the north, Union Square a block west, the Flatiron District beyond, and the East Village to the south. Few buildings give a resident this many distinct neighborhoods within a five-minute walk.
The building's appeal is grounded in scale and service rather than ornament. As a large post-war white-brick co-op, it delivers what the surrounding low-rise and pre-war stock often cannot: a deep amenity package, a steady supply of well-proportioned apartments, and — a meaningful detail — utilities included in the monthly maintenance, which simplifies carrying costs in a way few co-ops still offer. For buyers who want a full-service home near Gramercy Park without the price of a townhouse or a key to the private park itself, this is a logical landing spot.
Transit is a quiet advantage. The 14th Street–Union Square hub (4/5/6, L, N/Q/R/W) and the 23rd Street stops put nearly every line within easy reach, and the building's position on Third Avenue keeps it close to the restaurant density of Union Square, Gramercy, and the East Village without sitting on top of the noise.
Architecture and unit composition
This is a confident piece of mid-1960s residential building — a 20-story white-brick tower built to fill its full block, with the clean, efficient massing of its era. The architecture is not the headline; the layouts and the amenity program are. The 326 apartments span studios through three-bedrooms, with the generous closet space, sensible room dimensions, and reliable light that define good post-war construction.
A building of this size sustains a real menu of in-house amenities, and Gramercy Park Towers leans into it: a landscaped roof deck with open city views, a well-equipped fitness center, a Zen garden, central laundry, bike storage, and an attended on-site parking facility. The combination — full-service staffing, recreation on the roof, parking in the building, and utilities folded into maintenance — is precisely the package that makes a large post-war co-op a practical primary residence.
Building operations
Gramercy Park Towers runs as a full-service cooperative: a 24-hour doorman and concierge, a live-in superintendent, and an on-site management office. The maintenance includes utilities, and the building's amenity set — roof deck, gym, parking, bike room — is maintained for residents.
The co-op's board policies are clearly defined. A transfer fee (flip tax) applies on sale. Financing is permitted, with a minimum down payment of 20% (the cooperative's maintenance carries the customary tax deductibility for owners). Subletting is allowed after two years of residency, for two of every five years, with board approval — meaningful flexibility for a co-op of this scale. On pets, cats are welcome; dogs are not permitted. Pieds-à-terre are not allowed, so this is a primary-residence cooperative by design. Buyers should weigh that owner-occupancy posture against the building's strengths — it tends to produce a stable, resident-occupied community, which many purchasers value.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $130,641/yr
- Per unit / month range
- $0 – $33
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
- 2% of purchase price (seller, at closing)
- Sublet policy
- Sublet fee equal to 10% of annual rent or 10% of annual maintenance (whichever greater)
- Notable fees
- Managing Agent's fee $850 (seller, at closing); State transfer tax $0.05/share
Recent sales
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 |
|---|---|---|---|---|---|
| Jul 9, 2026 | 5V | 1 BA · 600 sf | $680,000 | $1,133/sf | -2.2% |
| Jul 1, 2026 | 4R | 1 BR · 1 BA | $667,500 | -4.0% | |
| Jun 22, 2026 | 16N | 1 BR · 1 BA | $985,000 | -1.4% | |
| May 7, 2026 | 12P | 1 BA | $645,000 | -7.2% | |
| Apr 8, 2026 | 4A | 1 BA · 650 sf | $539,000 | $829/sf | +0.0% |
| Mar 27, 2026 | 4T | 1 BR · 1 BA · 900 sf | $985,000 | $1,094/sf | +0.0% |
| Feb 24, 2026 | 11F | 1 BR · 1 BA | $675,000 | -2.9% | |
| Jan 28, 2026 | 8K | 1 BR · 1 BA · 800 sf | $970,000 | $1,213/sf | -7.6% |
Market read. Most recent trades (2026) cleared a median $1,170/sf across 4 sales. Median listing discount 2.0% 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 1-00899-0001) 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
This is a primary-residence cooperative, and the value proposition is full service plus location. Plan for a standard co-op board package and interview; the board reviews financials and the application, and the 20% minimum down payment and the no-pied-à-terre, owner-occupancy posture are central to how it underwrites. If you have a dog, note that the building permits cats but not dogs — a determining factor for some buyers.
Diligence should center on the apartment itself: floor and exposure (higher floors capture better light and city views), line and layout, and renovation condition. Read the maintenance carefully — because it includes utilities, a direct comparison against buildings that bill power and gas separately can shift the real monthly cost meaningfully in this building's favor. The on-site garage, gym, and roof deck are genuine quality-of-life and carrying-cost considerations. For a buyer who wants Gramercy/Union Square access with full-service living, the building is a strong, practical choice.
What to know if you’re selling
Sell the location and the package together. Few addresses sit this close to Gramercy Park, Union Square, Flatiron, and the East Village at once, and the full-service staffing, roof deck, fitness center, on-site parking, and utilities-included maintenance form a concrete, marketable story for a primary-residence buyer.
Price to exposure and condition. Higher-floor lines with strong light and open views should be benchmarked against the building's best comparable sales and the broader Gramercy post-war co-op set, while renovated kitchens and baths earn clear premiums in this inventory. Set buyer expectations early on the cooperative's terms — the transfer fee, the 20% minimum down payment, cats-but-not-dogs, and the owner-occupancy requirement — so the right, well-qualified buyers come to the table and the board approval moves cleanly.
Comparable buildings
If you're considering 205 Third Avenue, also evaluate these nearby Gramercy and Union Square co-ops and full-service buildings:
- 117 East 18th Street — a Gramercy-area building near Union Square
- 121 East 22nd Street — a contemporary Gramercy condominium
- 300 East 23rd Street — a full-service Gramercy/Kips Bay building
- 15 Union Square West — a landmark condominium on Union Square
- 32 Gramercy Park South — a classic cooperative on the park itself
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 Gramercy 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 Gramercy 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.