---
title: "48 GRAMERCY Park #4B, New York, NY 10010"
description: "48 GRAMERCY Park #4B, New York, NY 10010 — NYC real estate listing on Real Estate Rebate Team. Priced at $998,000. Est. potential buyer savings up to $24,950 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/48-gramercy-park-b-4B-ny-10010"
source: "Real Estate Rebate Team"
---

# 48 GRAMERCY Park #4B, New York, NY 10010

> **Listing Courtesy of:** Douglas Elliman Real Estate

## Description

A GRAMERCY PARK GEM
 Just imagine, living in the neighborhood's quite elegance, yet only steps from the primo offerings of this busting city. Situated in a distinguished 1858 Italianate townhouse on Gramercy Park, this charming one-bedroom residence offers the rare opportunity to own a home with a key to Manhattan's only private park.
 Apartment 4B is filled with character and natural light, featuring soaring 10.5-foot ceilings, oversized windows, and gracious proportions throughout. A wood-burning fireplace with a classic mantle adds warmth and old-world charm to the cozy living space, creating an inviting setting for both relaxing and entertaining.
 The bedroom enjoys north- and west-facing exposures and is privately positioned off the living room, opening onto a charming terrace - a rare and desirable feature in New York City. Ideal for morning coffee or evening cocktails, the outdoor space comfortably accommodates seating and dining, serving as a peaceful extension of the home as well as an "extra room" 6 months of the year.
 This intimate boutique cooperative offers a unique sense of privacy with just eight residences across five stories. Residents enjoy elevator access, virtual doorman service, central laundry, private storage, low monthly fees, and a pet-friendly, pied-à-terre-friendly policy. Plus the National Arts and Players clubs, mass transit, Union Square, and a full range of supermarkets, convenience shops and restaurant options only minutes away.
 Rich in history and once home to Edward Hewitt, grandson of industrialist Peter Cooper, the building remains one of Gramercy Park's most distinctive addresses, combining historic architecture, an exceptional location, and enduring charm.

## Property Details

- **Price**: $998,000
- **Potential Buyer Rebate**: $24,950
- **Bedrooms**: 1
- **Bathrooms**: 1
- **Property Type**: Residential
- **Year Built**: 1858
- **Building**: 48 Gramercy Park North
- **Neighbourhood**: Gramercy Park
- **Area / Borough**: Manhattan
- **Subdivision**: Gramercy Park
- **Listing Office**: Douglas Elliman Real Estate
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$24,950** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/48-gramercy-park-north)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/gramercy-park)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.