--- title: "121 East 22nd Street #N507, New York City, NY 10010" description: "121 East 22nd Street #N507, New York City, NY 10010 — Gramercy Park, New York City, NY. Listing Price $1,365,000. Studio bed, 1 bath, 735 sqft Illustrative Buyer Commission Share of $20,475 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/121-east-22nd-street-n507-ny-10010" source: "Real Estate Rebate Team" dateModified: "2026-08-28T12:44:57.674Z" status: "Active" --- # 121 East 22nd Street #N507, New York City, NY 10010 Gramercy Park, New York City, NY Courtesy of Compass Last updated: August 28, 2026, 8:44 AM ## At a Glance - **Listing Price**: $1,365,000 - **Beds**: Studio - **Baths**: 1 - **Sqft**: 735 - **Common Charges**: $993 / mo - **Monthly Taxes**: $1,632 / mo - **Price per Sqft**: $1,857 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,365,000 - **Illustrative Buyer Commission Share**: -$20,475* - **Illustrative Net Cost**: $1,344,525 *Illustrative Buyer Savings of $20,475 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![121 East 22nd Street #N507, New York City, NY 10010 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5f0a1b84-9243-412a-9364-a7c8889cc5e7.jpg) ![121 East 22nd Street #N507, New York City, NY 10010 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3d311adc-23de-43ed-85b5-f66d557bc650.jpg) ![121 East 22nd Street #N507, New York City, NY 10010 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0b1a0011-47fa-456a-8b5c-d4b10ca6088a.webp) ![121 East 22nd Street #N507, New York City, NY 10010 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c4d14161-2509-4d0e-9e28-08d88565a5cf.webp) ![121 East 22nd Street #N507, New York City, NY 10010 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/07c52b7e-ddfe-43f9-941e-d8ae88feb480.webp) ![121 East 22nd Street #N507, New York City, NY 10010 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/03317a6a-729d-45e5-94e5-5056c96e9104.jpg) ![121 East 22nd Street #N507, New York City, NY 10010 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ed4409c6-eef3-4c10-8900-771305af33eb.jpg) ![121 East 22nd Street #N507, New York City, NY 10010 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/befa2cb2-d399-4159-8093-f8a0ed92c385.webp) ![121 East 22nd Street #N507, New York City, NY 10010 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a1861293-2c03-49cd-8a20-4a554a20b926.jpg) ![121 East 22nd Street #N507, New York City, NY 10010 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d6b432a2-0de3-4d35-8ada-9ec63e8ca42f.jpg) ## Property Overview = PRISTINE, MOVE-IN-READY RESIDENCE WITH A TRUE ONE-BEDROOM FEEL = KOOLHAAS-DESIGNED, FULL-SERVICE CONDOMINIUM WITH EXTENSIVE AMENITIES, INCLUDING AN INDOOR POOL, ROOFTOP TERRACE, AND FITNESS CENTER = PRIME GRAMERCY–FLATIRON LOCATION, MOMENTS FROM MADISON SQUARE PARK More than an alcove studio, this beautifully composed home offers the scale, definition, and ease of a much larger residence. Oversized windows, wide-plank white oak floors, and northern views create an immediate sense of volume and light. The intelligently planned layout establishes distinct areas for sleeping, living, dining, and working while preserving the openness that gives the apartment its character. Every inch has been considered, and nothing feels compromised. The kitchen is clean-lined and exceptionally well appointed, with polished black quartz countertops, an acid-etched glass backsplash, and a fully integrated suite of Gaggenau appliances, including a cooktop, oven, refrigerator, and dishwasher. Generously proportioned, the bathroom features a Calacatta Paonazzo marble-wrapped vanity, a deep soaking tub with a full deck surround, heated floors, and etched-glass doors. A substantial walk-in closet, Bosch washer and dryer, and central heating and air conditioning add the practical comforts essential to effortless city living. Pristine, polished, and entirely move-in ready, this is a home of uncommon quality and livability. THE BUILDING: 121 East 22nd Street is the first residential building in New York City designed by OMA, the internationally acclaimed architecture firm founded by Rem Koolhaas. Positioned at the convergence of Gramercy and Flatiron, the building brings a bold architectural presence to one of Downtown Manhattan’s most established and desirable neighborhoods. The 18-story condominium comprises 140 residences, ranging from studios to five-bedroom homes, unified by a refined material palette, high ceilings, oversized windows, and wide-plank white oak floors. The amenities are comprehensive and beautifully conceived. Residents enjoy an indoor swimming pool, landscaped courtyard, indoor-outdoor lounge, rooftop terrace with a grill and fire pit, private dining room with catering kitchen, fitness center, screening room, and children’s playroom. Additional conveniences include an automated indoor parking system, bicycle storage, private storage, a 24-hour attended lobby, full concierge service, and a live-in resident manager. Moments from Madison Square Park and surrounded by some of the city’s best restaurants, shopping, and transportation, this is sophisticated living in a residence that makes intelligent use of every square foot. ## Property Details - **Property Type**: Condominium - **Baths**: 1 - **Rooms**: 2 - **Sqft**: 735 sqft - **Stories**: 18 - **Year Built**: 2016 - **Price per Sqft**: $1,857 - **Common Charges**: $992.99 / Monthly - **Monthly Taxes**: $1,632 / mo - **Listed On**: Jul 30, 2026 - **Days on Market**: 42 Days ### Residence Features - Central Air - Building Washer Dryer Install Allowed - In Unit - Garage - Building Barbecue - Building Courtyard - Building Garden - Building Roof Deck - Private Outdoor Space Under 60 Sqft - High Ceilings - Dishwasher - Range ### Building Amenities - Clubhouse - Garage ## Sales Evidence ### How this price compares The median closed price for comparable condo studio sales in Gramercy Park is $767,500, based on 10 sales between October 2024 and May 2026. This home is asking $1,365,000, $597,500 above that median. The middle half of those sales closed between $621,250 and $947,500. - **Median closed price**: $767,500 - **Middle half**: $621,250 – $947,500 - **Based on**: 10 condo studio sales in Gramercy Park - **Period**: October 2024 – May 2026 - **Median $/ft²**: $1,604/ft² Across the 5 of these sales with a published asking price, the median closed at 97.1% of what it originally asked. 100% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Gramercy Park instead. ### How these sales were negotiated - **Sold vs original ask**: 97.1% of the original ask - **Closed below ask**: 100% of 5 sales - **Listed → in contract**: 48 days (about 7 weeks) - **In contract → closed**: 48 days (about 7 weeks) Across the 5 of these sales with a published asking price, the median closed at 97.1% of what it originally asked. 100% of them closed below the original ask. Half of these homes were in contract within 48 days (about 7 weeks) of coming to market, based on the 5 with a recorded listing date. Once a deal was agreed, closing took a further 48 days (about 7 weeks), based on the 5 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 10 condo studio sales in Gramercy Park, October 2024 – May 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for condo and house studio sales in Gramercy Park, 2019 to 2022. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2019 | $1,374,638 | 16 | | 2021 | $651,000 | 11 | | 2022 | $760,000 | 11 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Gramercy Park instead. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. ## Estimated Monthly Payment **$9,528 / month**, assuming a 20% down payment ($273,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $6,902 - **Property Taxes**: $1,632 - **Common Charges**: $993 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Gramercy Park Private, Exclusive, and Historic [Explore Gramercy Park](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy-park) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Gramercy Park - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town) - [Kips Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Greenwich Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/greenwich-village) - [East Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-village) - [NoHo real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/noho) ## Related Links - [Gramercy Park neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy-park) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.