- Year built
- 1953
- Type
- Cooperative
- Units
- 159
- Landmark
- No
605 East 82nd Street — known as One Gracie Terrace — occupies one of the most secluded positions on the Upper East Side: a quiet cul-de-sac perched at the East River's edge, directly over Carl Schurz Park and the river promenade. Built in 1953 and converted to a cooperative in 1973, the 20-story red-brick tower trades on a combination of river views, balconied apartments, and the insulated calm of the Gracie enclave — the pocket of Yorkville that surrounds Gracie Mansion and Carl Schurz Park.
The building's appeal is fundamentally about position and light. A river's-edge siting means open eastern exposures over the East River and the park, with the permanence that comes from views that cannot be built over. Many apartments carry balconies — some in solarium configurations — giving residents private outdoor space with water views, a combination that is genuinely scarce on the Upper East Side. The handsome red-brick massing, the fireplace-anchored lobby, and the landscaped courtyard make it a comfortable, full-service building.
The Gracie / Carl Schurz Park enclave is one of the quietest residential pockets in Manhattan — removed from the avenue bustle, organized around the park and the river, and oriented toward family and primary-residence buyers who value calm over centrality. For buyers who want river views, private outdoor space, and a peaceful white-glove building, One Gracie Terrace is a defining option in the neighborhood.
Architecture and unit composition
The roughly 159 apartments span post-war configurations across the 20 stories. Many residences carry balconies, and some feature solarium balconies and decorative fireplaces — features that, combined with the river orientation, distinguish the building within the post-war Yorkville stock. River- and park-facing apartments on the eastern flank carry the building's view premium and its strongest light.
Post-war signatures recur throughout: efficient, practical layouts, good light, and the solid construction of 1953-era apartment design. Apartment-to-apartment variation is significant given the building's size — floor altitude, river versus interior exposure, balcony orientation, and renovation history all matter to value, and lines price on their individual merits. The largest and highest river-facing apartments, including any penthouse-level configurations, anchor the top of the building's range.
Building operations
One Gracie Terrace operates as a full-service post-war cooperative with a 24-hour doorman, a porter, and a live-in resident manager. The amenity package is unusually deep for a post-war Yorkville co-op: a fitness center, a bike room, and common storage that are free of charge to shareholders, an on-site garage, a landscaped courtyard, a fireplace-anchored lobby, and central laundry. The on-site garage is a meaningful practical advantage in a neighborhood where parking is at a premium.
The board permits financing of up to 70%, and parents may act as guarantors for their children — a feature that broadens the buyer pool to younger and first-time UES purchasers. The building welcomes dogs. It does not permit pied-à-terre ownership or open houses, so the building reads as an owner-occupant, primary-residence community rather than an investor or part-time-resident building. Buyers should review the current proprietary lease and house rules in the course of a purchase.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $33,702/yr
- Per unit / month range
- $0 – $18
Facade safety — Local Law 11
Safe to live in today — but the last inspection flagged repairs that are due on a deadline, so facade work and its cost are coming. Whether that’s a real concern depends on the scope, the timing, and how the building plans to pay for it — reserves or an assessment — which is exactly what we’d dig into 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 →Recent sales
Sales context at One Gracie Terrace:
- With roughly 159 apartments, the building produces a steady cadence of closings — typically several transactions per year.
- Pricing spans a band tied to apartment scale, floor, river exposure, and balcony orientation; high-floor river-facing balconied apartments anchor the top of the range, with interior and lower-floor units more accessible.
- The river views, private outdoor space, on-site garage, and 70% financing allowance support consistent buyer demand.
Treat the ranges here as general context rather than quotations of specific trades; the building's sales record updates from public data.
What to know if you’re buying
River views and balconies are the headline. The river's-edge position over Carl Schurz Park and the prevalence of balconied apartments are the building's defining advantages, and the eastern exposures are protected from future obstruction.
The financing posture is accommodating. Up to 70% financing and parental guarantors make this an easier purchase than much of the surrounding co-op stock.
It is an owner-occupant community. Dogs are welcome, but pied-à-terre ownership and open houses are not permitted — this is a primary-residence building.
On-site amenities add real value. The fitness center, bike room, and storage are free to shareholders, and the garage is a practical advantage in the neighborhood.
What to know if you’re selling
Lead with river views, balconies, and the cul-de-sac calm. The water orientation, private outdoor space, and quiet are the strongest selling points, alongside the free gym, garage, and accommodating financing.
Pricing requires apartment-level comparable analysis. River versus interior exposure, floor altitude, balcony orientation, and renovation drive value more than building averages.
The buyer pool skews toward family and primary-residence buyers. The enclave's calm, the owner-occupant rules, and the amenities draw a particular, motivated demographic.
Closing timelines are co-op standard. Roughly 4–8 weeks from contract to closing, subject to board-package and interview scheduling.
Comparable buildings
If you're considering One Gracie Terrace, also evaluate:
- 60 East End Avenue — nearby East End cooperative
- 180 East End Avenue — nearby East End cooperative on the park
- 525 East 86th Street — nearby Yorkville cooperative
- 535 East 86th Street — nearby Yorkville cooperative near the park
- 444 East 87th Street — nearby Yorkville building
- 401 East 84th Street — nearby Yorkville cooperative
The Roebling Team at One Gracie Terrace
The Roebling Team at Compass specializes in Central Park West, the Upper East Side, and the broader Park-facing Manhattan market. We publish this building profile because Yorkville and Gracie buyers and sellers deserve building-specific intelligence — architecture, board culture, transactional mechanics, and pricing at the apartment level — not generic market commentary.
If you're considering a purchase or sale at One Gracie Terrace, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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