240 East 15th Street

The architecture is authentically mid-19th-century Italianate. The 1851 origins — the high stoop, the arched entrance, the classical brackets and proportions of the Crane House and its twin — define the building's exterior character, which is protected by its position within the Stuyvesant Square Historic District. Over time the historic houses were combined and, in 2007, converted into the present 16-residence condominium; the property's building records carry a later rebuild date alongside its 1851 origin.

Inside, the 16 residences range from compact homes to units with private landscaped outdoor space, reflecting the constraints and charms of a historic low-rise conversion. Floor, exposure, layout, ceiling character, and any private outdoor access drive value here far more than any building average. The four-story scale and the park-facing setting give the building a distinct, quiet character within the Gramercy condominium market.

240 East 15th Street operates as a boutique, low-amenity condominium: resident storage and a bike room (for a fee), a voice intercom, and private outdoor space for select units. There is no doorman, gym, or elevator of the full-service type — this is a four-story historic walk-up-scale building, and the amenity set and common charges are correspondingly modest. That is a genuine feature for buyers who prize character and low carrying costs over services. Buyers should still model the full monthly carry and review reserves and any capital history during due diligence, which is especially prudent for a historic building where façade and mechanical maintenance are ongoing considerations.

Recent sales

Recent closings 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.

Market read. $/sf is measured on the latest sales with reliable square footage (2012): a median $1,021/sf across 1 sale. The building has traded as recently as 2022. Median listing discount 1.3% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.

Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00896-7501) 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 from recorded condo declarations and offering plans.

This is a genuinely historic building. An 1851 Italianate house within the Stuyvesant Square Historic District — character, scale, and a protected setting that a modern condominium cannot replicate.

The park frontage matters. Facing the greenery of Stuyvesant Square rather than an avenue is a real amenity and supports value.

Amenities are modest — that's the trade. No doorman or gym; storage, a bike room, and low common charges instead. Confirm the specifics for your situation.

Private outdoor space is unit-specific. Some residences have landscaped patios or gardens; verify what conveys with any given apartment.

Historic maintenance is a real consideration. For a building of this age, façade and mechanical upkeep should be reviewed carefully during due diligence.

Condo flexibility is real. Pied-à-terre, subletting, foreign buyers, and LLC/trust ownership are permitted under the declaration; closings run on condo timelines.

Mansion tax thresholds apply. At this building's pricing, the $1M and $2M cliffs can be in play. Run pricing through the Mansion Tax Calculator.

Variable board financial policy — confirm at offer stage. Financing percentages and any sublet terms specific to your situation should be confirmed in writing before you commit.

Lead with the history and the park. An 1851 Italianate house on Stuyvesant Square is a specific, marketable story; foreground the character and the setting.

Pricing requires apartment-level comps. With 16 residences of varying layout and outdoor access, the individual apartment drives the number.

Present the character. Photography that reads the period detail, the ceiling character, and any private outdoor space supports price.

If you're considering 240 East 15th Street, also evaluate these nearby Gramercy and Stuyvesant Square condominiums:

• 210 East 15th Street — nearby Gramercy condominium
• 230 East 15th Street — directly nearby Gramercy condominium
• 200 East 16th Street — nearby Stuyvesant Square condominium
• 203 East 16th Street — nearby Stuyvesant Square condominium
• 200 East 20th Street — nearby Gramercy condominium

The Roebling Team at Compass works the full Gramercy, Stuyvesant Square, and downtown market, including its historic boutique condominiums. We publish this profile because buyers and sellers of character-specific buildings deserve building-level intelligence — architecture, amenity reality, and apartment-level pricing context — rather than generic market commentary.

If you're considering a purchase or sale at 240 East 15th Street, a 30-minute consultation is the right starting point. We'll bring the full context this page provides plus the transactional specifics your situation requires.