61 Irving Place
61 Irving Place, New York, NY 10003
Gramercy Park
BBL 1008730059 · BIN 1017858
- Year built
- 1950
- Type
- Cooperative
Every recorded sale at this building, 2003–2026
Bedroom-by-bedroom medians, the full transfer record, and how units trade against ask.
- 2BR median
- $2M
- Recent range
- $1.5M – $2M
- Listing discount
- 0.0%
- Recorded transfers
- 41
61 Irving Place — marketed as The Gramercy — is a 32-unit cooperative on one of the most desirable residential corridors below 23rd Street: Irving Place, the short, leafy spine that runs from Gramercy Park down to Union Square. The address buys something specific and scarce: the calm of a low-traffic side street within a block or two of Gramercy Park, Union Square, the Union Square Greenmarket, and the transit hub that feeds the 4, 5, 6, N, Q, R, W, and L lines. Few buildings in Manhattan combine this much quiet with this much connectivity.
The cooperative is intimate — eight stories and roughly thirty-two homes — which keeps the building owner-occupied in character and the common areas calm. For buyers who want the Gramercy address and the park-adjacent lifestyle without the cost and formality of the grandest pre-war houses on the park itself, 61 Irving Place is a measured, well-located alternative.
Architecture and unit composition
The building presents a clean masonry face to Irving Place, anchored by a canopied entrance and a marble-floored lobby — a more polished arrival than its modest size would suggest. Inside, the apartments are known for generous proportions: high ceilings, oversized windows, and the kind of architectural character that the conversion preserved rather than erased. Across roughly 41,000 residential square feet and 32 homes, the building averages comfortable, full-sized layouts — predominantly one- and two-bedroom apartments rather than studios — with line-to-line variation in renovation level typical of a converted cooperative.
The result is a building that lives larger than its eight floors imply: bright, well-proportioned homes a few steps from one of the city's most coveted private parks.
Building operations
The Gramercy runs as a traditional cooperative with part-time door attendance and a building superintendent. Shared facilities are practical rather than amenity-heavy — an elevator, basement storage, and a central laundry room — which keeps the monthly maintenance efficient. There is no garage or roof deck; the trade is a low carry and a location that delivers the amenities of the neighborhood (the park, the Greenmarket, the restaurants of Irving Place and Union Square) just outside the door.
As a cooperative, purchases clear through a board with a financial package and interview. The building permits financing up to 75% of the purchase price and is pet-friendly with board approval — both meaningful, buyer-relevant facts in the pre-war and converted co-op market. Subletting is allowed under board-defined terms after an initial owner-occupancy period.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $22,826/yr
- Per unit / month range
- $0 – $59
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
- See document posted on page
- Sublet policy
- Allowed; case by case
- Notable fees
- Max financing 75%; Move-In/Out fee $500 each + $500 refundable deposit each
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 |
|---|---|---|---|---|---|
| Apr 9, 2026 | 2B | 2 BR · 2 BA | $1,500,000 | +0.0% | |
| Aug 27, 2024 | 7C | 2 BR · 2 BA | $2,000,000 | off-mkt | |
| Jun 22, 2023 | 7D | 2 BR · 2 BA | $1,995,000 | -9.1% | |
| Jul 21, 2022 | 5B | 2 BR · 2 BA | $1,700,000 | -1.4% | |
| Apr 26, 2022 | 6A | 2 BR · 2 BA | $3,450,000 | -1.1% | |
| Mar 10, 2022 | 4C | 2 BR · 2 BA | $1,400,000 | +0.0% | |
| Jan 20, 2021 | 3D | 2 BR · 1 BA | $1,118,750 | +17.9% | |
| Jan 5, 2021 | 1A | 2 BR · 2 BA · 1,200 sf | $1,100,000 | $917/sf | -15.3% |
Market read. $/sf is measured on the latest sales with reliable square footage (2021): a median $999/sf across 1 sale. The building has traded as recently as 2026. Median listing discount 1.3% 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.
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 1-00873-0059) 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 board-approval cooperative, so plan for a full financial package, an interview, and the 75% financing cap. Underwrite the all-in monthly carry and read the building's financials for reserve health and any planned capital work before you commit. The 75% financing allowance is more flexible than the 50% (or all-cash) postures of some grander Gramercy and Park Avenue co-ops — a real advantage for buyers using a mortgage.
The reasons to buy here are location-first: Irving Place itself, the proximity to Gramercy Park and Union Square, the high-ceilinged homes, and a manageable maintenance. For an owner-occupant who values quiet and walkability over a full amenity stack, the value case is compelling.
What to know if you’re selling
The Irving Place address and the Gramercy/Union Square location are the headline; lead with them. The comparable set is recent closings in the building and in the immediate Gramercy and Union Square cooperative cohort, adjusted for floor, light, and renovation. The 75% financing allowance widens the qualified-buyer pool relative to stricter neighbors — a point worth surfacing in marketing.
Presentation is where value is won in a small converted co-op: a renovated, well-staged home that photographs its ceiling height and light consistently outperforms an unrenovated comparable. We price to the building's real ceiling, position the lifestyle accurately, and prepare the board package so a qualified buyer clears review cleanly.
Comparable buildings
If you're considering 61 Irving Place, also look at these Gramercy and Union Square cooperatives:
- 200 East 21st Street — Gramercy cooperative nearby
- 121 East 22nd Street — full-service Gramercy building
- 117 East 18th Street — pre-war cooperative off Irving Place
- 32 Gramercy Park South — park-block cooperative
- 44 Gramercy Park North — a 1930 English Tudor co-op
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 The Gramercy?
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 The Gramercy 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.