45 Gramercy Park North
45 Gramercy Park North, New York, NY 10010
Gramercy Park
BBL 1008770026 · BIN 1017993
- Year built
- 1927
- Type
- Cooperative
- Landmark
- Designated
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 3BR median
- $5.1M
- Recent range
- $995K – $5.8M
- Listing discount
- 1.3%
- Recorded transfers
- 39
45 Gramercy Park North faces Manhattan's only private park — the two-acre, gated Gramercy Park, whose keys belong solely to the residents of the buildings around it. That single fact defines the address: ownership here comes with one of the rarest amenities in the city. The building went up in 1927, developed by Bing & Bing, the firm whose name on a pre-war address still signals well-planned layouts and quality construction, and designed in a Neo-Renaissance idiom with a one-story limestone base, beige-brick shaft, carved cherubs in relief, and the staggered setbacks and cornices that give it a distinctive silhouette over the park.
For buyers, 45 Gramercy Park North is the classic Gramercy proposition: a gracious pre-war cooperative on the park, with the layouts, ceiling heights, and prewar character that make the neighborhood one of Manhattan's most coveted residential enclaves — and the park key that money alone cannot otherwise buy.
Building operations
45 Gramercy Park North runs as a full-service cooperative: a 24-hour doorman, attended elevator service, a resident manager, central laundry, and bicycle and private storage. The crowning amenity is structural — residents receive keys to Gramercy Park. On board policy, the building permits pets and pied-à-terre ownership, with financing allowed up to 50% of the purchase price; as a co-op, purchases are reviewed by the board and clear through a board package and interview. The combination of generous policy by Gramercy standards — pets, pieds-à-terre, and meaningful financing — with the park key makes the building unusually accessible for a top park-front cooperative.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $28,967/yr
- Per unit / month range
- $0 – $60
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
- 3% of sale price (shareholder)
- Sublet policy
- Not allowed. Short-term rentals/AirBnB not allowed
- Notable fees
- Co-op. Max financing 50%. Homeowner's insurance min $1M liability. Buyer app $500; financing $450; package reproduction $195; closing $750; move-in/out $500 deposit
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 23, 2025 | 4B | 2 BR · 2 BA | $2,787,500 | -1.3% | |
| Jan 8, 2025 | 14B | 3 BR · 2.5 BA | $3,995,000 | -6.5% | |
| Jun 1, 2023 | 16D | 1 BR · 1 BA | $995,000 | +0.0% | |
| Dec 1, 2021 | 7B | 3 BR · 3 BA | $4,995,000 | -5.8% | |
| Oct 20, 2021 | PH | 2 BR · 2.5 BA · 1,700 sf | $6,800,000 | $4,000/sf | -5.6% |
| May 25, 2021 | 1A | 4 BR · 4 BA | $4,175,000 | -22.6% | |
| Jan 7, 2020 | 1C | 1 BR · 1 BA | $550,000 | -4.3% | |
| Dec 18, 2018 | 3A | 3 BR | $4,100,000 | -17.9% |
Market read. $/sf is measured on the latest sales with reliable square footage (2021): a median $4,000/sf across 1 sale. The building has traded as recently as 2026. Median listing discount 4.3% 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, 2004 | 11A | $2,995,000 |
| Nov 14, 2003 | 2A | $1,000,000 |
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 1-00877-0026) 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 park-front Bing & Bing co-op with the Gramercy key. Expect the cooperative process — a board package and interview — but note the building's relatively accommodating posture: pets and pieds-à-terre are permitted, and financing is allowed up to 50%, terms that are not universal among the park's most coveted addresses. The product to study is the line and the exposure: park-facing homes carry the premium and the open views, and the larger renovated layouts are the scarce inventory. The park key is the asset that does not depreciate. We help buyers assemble a strong board package and weigh 45 Gramercy Park North against the park's other cooperatives.
What to know if you’re selling
Lead with the two things buyers cannot get elsewhere: a Bing & Bing pre-war home on Gramercy Park, and the key. Park frontage and park access are the durable differentiators, and the building's accommodating board policy — pets, pieds-à-terre, 50% financing — widens the buyer pool beyond the most restrictive park co-ops. Present the layout and any renovation — pre-war proportions sell, and a thoughtful modernization commands a premium. Benchmark to the park-front cooperative tier, and prepare the buyer for the board process early so the package moves cleanly. With forty homes and few resales, a well-presented park-facing apartment competes against very limited supply.
Comparable buildings
If you're weighing 45 Gramercy Park North, also evaluate the park's other cooperatives:
- 39 Gramercy Park North — pre-war co-op on the park, two doors west
- 50 Gramercy Park North — full-service building on the park's north side
- 60 Gramercy Park North — pre-war park-front cooperative
- 34 Gramercy Park East — historic park-front co-op
- 32 Gramercy Park South — full-service building on the park
- 240 Park Avenue South — Gramercy-edge condominium nearby
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 45 Gramercy Park North?
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 45 Gramercy Park North 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.