48 Gramercy Park North
48 Gramercy Park North, New York, NY 10010
BBL 1008770025 · BIN 1017992
- Year built
- 1858
- Type
- Cooperative
- Units
- 5
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Pied-à-terre
- Permitted
- Pets
- Pets permitted; species and limits not stated
- Maximum financing
- 75% of the purchase price
- Doorman
- Virtual doorman
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 48 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.
48 Gramercy Park North offers an 1858 Italianate brownstone, on the park, divided into a mere five cooperative apartments, each with the coveted key. Where the park's larger co-ops offer scale and full service, this building offers the opposite — intimacy, age, and the sense of owning a piece of a private house on Manhattan's only gated square. It is one of the oldest structures on the park, built in the same mid-nineteenth-century wave that gave Gramercy its character, and it retains the Italianate proportions and a historic cast-iron veranda that mark the era.
The building's pedigree runs deep. It was once home to Edward Hewitt, a grandson of the industrialist Peter Cooper — a thread connecting the address to the founding families who shaped Gramercy and Cooper Union nearby. The building now has five cooperative apartments. Establish availability and sale frequency from listings and dated transfers; select comparable small park-fronting homes by actual plan, condition and transaction date rather than assuming turnover from unit count.
For a buyer, the value proposition is precise. You are not buying amenities or a doorman lobby; you are buying a key to Gramercy Park, a brownstone-scaled home with twelve-foot ceilings and original detail. Compare the specific apartment with current alternatives; five units do not establish rare turnover or a lack of substitutes.
Architecture and unit composition
The building is a classic 1858 Italianate brownstone — tall parlor-floor proportions, generous window heights, and a cast-iron veranda that ties it to the celebrated ironwork found elsewhere on the park's perimeter. Inside, the five apartments reflect a careful subdivision of a mid-nineteenth-century house rather than a purpose-built apartment plan. Ceilings reach roughly twelve feet on the principal floors; apartments retain period scale, and individual units have been modernized over the years with updated kitchens and baths while keeping the brownstone's bones. Several apartments include private outdoor space — a small terrace or access to the building's rear garden area — a genuine rarity directly on the park.
Building operations
At five units, the cooperative operates at a boutique scale: an elevator, a virtual doorman system rather than a full-time staff, central laundry, and private basement storage. The building permits pets and pieds-à-terre. 48 Gramercy Park North stands outside the designated Gramercy Park Historic District; confirm any proposed alteration against the building's governing documents, applicable city permits and any separate restrictions.
Application and transaction fees
Fees below are from building management's published schedule, as of July 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.
Purchase
3 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Fee | Paid by Buyer | When With the application | Amount $650 | 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 Seller | When With the application | Amount $500 | Refundable Refundable |
Sublet
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $600 | Refundable Non-refundable |
| Sublet FeeRecurring | Paid by Shareholder | When Upon approval | Amount $1000 per year | Refundable Not stated |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move Out Deposit | Paid by Shareholder | When With the application | Amount $500 | Refundable Refundable |
| Move In Deposit | Paid by Subtenant | When With the application | Amount $500 | Refundable Refundable |
Sublet renewal
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Fee | Paid by Subtenant | When With the application | Amount $300 | Refundable Non-refundable |
Refinance
1 item
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Shareholder | When With the application | Amount $350 | Refundable Non-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
- 75% of the purchase priceSource: building management's published schedule, as of July 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 verified
- Pied-à-terre ownership
- PermittedSource: The Roebling Team's building profile
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: The Roebling Team's building profile
- 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
- Virtual doormanSource: The Roebling Team's building profile
- Virtual or video entry
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- 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
This building is below the 25,000 sq ft threshold at which LL97 limits apply to a building on its own. It is still covered if it shares a tax lot or condominium board with buildings totaling over 50,000 sq ft; confirm on DOB’s covered-buildings list.
See full Local Law 97 analysis →Management & transfer contacts
- Sublet policy
- Allowed; sublet fee $1,000/year; subtenant app $600
- Policies and fees
- Co-op (row house, pet friendly). Max financing 75%. Buyer app $650; credit $150; move-in/out $500 deposit; refinance $350
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 |
|---|---|---|---|---|---|
| Mar 4, 2022 | 2 | 2 BR · 2 BA | $3,450,000 | -9.2% | |
| Sep 27, 2013 | 1A | 420 sf | $405,000 | $964/sf | -5.6% |
| Jun 12, 2007 | 1BC | 1 BR | $1,100,000 | -12.0% |
Market read. $/sf is measured on the latest sales with reliable square footage (2013): a median $964/sf (recorded) across 1 sale. The building has traded as recently as 2022.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00877-0025). 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?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 48 Gramercy Park North and nearby.
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.
Keep up with 48 Gramercy Park North and its market
The Roebling Report, monthly: Manhattan sales data and analysis, including buildings like 48 Gramercy Park North. Unsubscribe anytime.
We’ll use your email for The Roebling Report and note your interest in this building. See our privacy policy.
What to know if you’re buying
The key and the brownstone are the whole proposition. You are buying a Gramercy Park key and a piece of an 1858 house — not amenities or staff. Value the building for what it is: rare, intimate, and historic.
Check actual availability. The five-unit count does not establish how often homes come to market; review listings and dated transfers without presuming urgency.
Expect boutique operations. A virtual doorman and self-management describe the service model; they do not establish low total carrying costs. Compare actual maintenance, assessments and included services with full-service alternatives. Confirm the building's reserves and any planned capital work for a small co-op.
Compare actual outdoor rights. Use matched sales to assess any price contribution from a terrace or garden access rather than assuming a fixed premium. If private outdoor space matters to you, prioritize those layouts.
Confirm what governs alterations. The building stands outside the Gramercy Park Historic District; check proposed facade or veranda work against the co-op's governing documents, city permits and any separate restrictions.
What to know if you’re selling
Present the architecture and history. Describe the five-unit 1858 brownstone, park key, Italianate details and Hewitt-era lineage; compare specific alternatives without claiming near-uniqueness.
Price from first principles. Evaluate the recency and similarity of actual internal and nearby small-house sales, adjusting for park access, condition, plan and outdoor rights rather than assuming few comparables or a fixed park premium.
Pace for the right buyer. The natural buyer specifically wants a small, historic, park-fronting home. That pool is narrow but motivated; a patient, targeted approach serves the sale best.
Comparable buildings
If you're considering 48 Gramercy Park North, also evaluate these park-fronting and Gramercy options:
- 1 Lexington Avenue — Herbert Lucas 1910 prewar co-op on the park's northeast corner, with the key
- 34 Gramercy Park East (The Gramercy) — NYC's oldest continuously operating co-op, with the park key
- 36 Gramercy Park East — prewar park-fronting condominium
- 44 Gramercy Park North — 1929 Neo-Gothic co-op on the park's north side
- 45 Gramercy Park North — park-fronting co-op nearby
- 60 Gramercy Park North — Emery Roth prewar cooperative near the park
More Gramercy buildings
- 39 Gramercy Park North — 1956 co-op
- 44 Gramercy Park North — 1930 co-op by Schwartz & Gross
- 45 Gramercy Park North — 1927 co-op
- 50 Gramercy Park North — co-op
- 60 Gramercy Park North — 1928 co-op by Emery Roth
- 61 Irving Place — 1950 co-op
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 48 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