45 Gramercy Park North
45 Gramercy Park North, New York, NY 10010
BBL 1008770026 · BIN 1017993
- Year built
- 1927
- Type
- Cooperative
- Landmark status
- Requires confirmation
- City records and our profile differ. Confirm with building management.
- Subletting by shareholders
- Not permitted
- Pied-à-terre
- Permitted
- Pets
- Pets permitted; species and limits not stated
- Maximum financing
- 50% of the purchase price
- Flip tax
- 3% of the purchase price, paid by the seller
- Doorman
- Full-time doorman
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- Recent range
- $995K – $4M
- Listing discount
- 1.3%
- Recorded transfers
- 39
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.
45 Gramercy Park North faces the two-acre, gated Gramercy Park — a private 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 documented terms — pets, pieds-à-terre, and financing to 50% — together with the park key are the building's practical draws.
Architecture and residences
The façade is a refined Neo-Renaissance composition: a limestone base ornamented with cherubs carved in relief, a beige-brick tower above, and a series of upper setbacks crowned by a colonnaded watertank enclosure — the kind of considered massing that distinguishes a Bing & Bing building from its contemporaries. The entrance is detailed with sculpture, and the building sits comfortably within the Gramercy Park Historic District.
The forty residences are large, well-proportioned pre-war homes — the spacious layouts, high ceilings, and gracious room flow that defined 1920s cooperative construction on the park. Park-facing apartments look over the gated greenery; higher floors gain light and city outlook. Many homes retain original detail — herringbone floors, moldings, fireplaces in certain lines — while others have been gut-renovated over the building's long life as a cooperative.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
- Terms
- Equal to 3% of the sale price
- Rate
- 3% of the purchase price
- Paid by
- Seller
Source: building management's published schedule, as of September 2026
Purchase
10 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $500 | Refundable Non-refundable |
| Financing FeeConditional | Paid by Buyer | When With the application | Amount $450 if financing | Refundable Non-refundable |
| Package Reproduction Fee | Paid by Buyer | When With the application | Amount $195 | Refundable Non-refundable |
| Disbursements Fee | Paid by Buyer | When At closing | Amount To be determined | Refundable Not stated |
| Maintenance Fee | Paid by Buyer | When At closing | Amount To be determined | Refundable Non-refundable |
| Closing Fee | Paid by Shareholder | When At closing | Amount $750 | Refundable Non-refundable |
| Disbursements Fee | Paid by Shareholder | When At closing | Amount To be determined | Refundable Not stated |
| Credit Check FeePer applicantPackage A | Paid by Buyer | When With the application | Amount $462.00 per person | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move In Deposit | Paid by Buyer | When With the application | Amount $500 | Refundable Refundable |
| Move Out Deposit | Paid by Shareholder | When With the application | Amount $500 | Refundable Refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 50% of the purchase priceSource: building management's published schedule, as of September 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- Not permittedSource: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- PermittedSource: The Roebling Team's building profile
- Short-term rentals
- Not permittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: building management's published schedule, as of September 2026
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Bike storage, storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $45,681/yr
- Per unit / month range
- $0 – $95
- Modeled exposure split equally across 40 units (the residential count on the city's lot record). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Management & transfer contacts
- Flip tax
- 3% of sale price (shareholder)
- Sublet policy
- Not allowed. Short-term rentals/AirBnB not allowed
- Policies and 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, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| 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 (recorded) 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). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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 would your apartment rent for?
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Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
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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 to compare with the current rules at specific park-front alternatives. Study the line, exposure and renovation condition, and assess any price premium or scarcity from matched sales and current listings. Park access is an amenity whose contribution to price must be assessed from comparable transactions; it does not guarantee preservation of value. 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 Bing & Bing prewar home, park frontage and park 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, and assess their price effect through matched sales. Benchmark to the park-front cooperative tier, and prepare the buyer for the board process early so the package moves cleanly. Check current competing listings and dated turnover; forty residences alone do not establish scarcity or a seller advantage.
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
More Gramercy buildings
- 38 Gramercy Park East — condominium by SLCE Architects
- 39 Gramercy Park North — 1956 co-op
- 44 Gramercy Park North — 1930 co-op by Schwartz & Gross
- 48 Gramercy Park North — 1858 co-op
- 50 Gramercy Park North — co-op
- 60 Gramercy Park North — 1928 co-op by Emery Roth
The neighborhood
For the full corridor — architecture, 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.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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.
646.939.7375 · c.cohen@compass.com