--- title: "48 GRAMERCY Park #4B, New York City, NY 10010" description: "48 GRAMERCY Park #4B, New York City, NY 10010 — Townhouse in Gramercy Park, Manhattan, NY. Listing Price $998,000. 1 bed, 1 bath Illustrative Buyer Commission Share of $14,970 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/48-gramercy-park-b-4B-ny-10010" source: "Real Estate Rebate Team" status: "Active" --- # 48 GRAMERCY Park #4B, New York City, NY 10010 Townhouse in Gramercy Park, Manhattan, NY Courtesy of Douglas Elliman Real Estate ## At a Glance - **Listing Price**: $998,000 - **Beds**: 1 - **Baths**: 1 - **Common Charges**: $2,614 / mo - **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**: $998,000 - **Illustrative Buyer Commission Share**: -$14,970* - **Illustrative Net Cost**: $983,030 *Illustrative Buyer Savings of $14,970 — 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) ![48 GRAMERCY Park #4B, New York City, NY 10010 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/aa5b8142-97c0-46c9-b408-7f1a6238d246.jpg) ![48 GRAMERCY Park #4B, New York City, NY 10010 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8925bce4-6c54-4e51-969b-514c8bc91827.jpg) ![48 GRAMERCY Park #4B, New York City, NY 10010 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d3ad0816-c2ed-434f-a505-16a485a82fd2.jpg) ![48 GRAMERCY Park #4B, New York City, NY 10010 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/55d1ce14-979f-4c55-8d61-a7e46171f391.jpg) ![48 GRAMERCY Park #4B, New York City, NY 10010 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9dd8c015-570a-401c-9880-5239c585b5a2.jpg) ![48 GRAMERCY Park #4B, New York City, NY 10010 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4dfbe171-0158-418b-ac3c-dc20895072c5.jpg) ![48 GRAMERCY Park #4B, New York City, NY 10010 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e907e036-c2fa-45ce-bfb5-20a8f10c442d.jpg) ![48 GRAMERCY Park #4B, New York City, NY 10010 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/49856db1-8e1c-4cf9-809c-972023f36a59.jpg) ![48 GRAMERCY Park #4B, New York City, NY 10010 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a4ae24b7-da6c-48e0-8d9a-5eeca59c15d4.jpg) ![48 GRAMERCY Park #4B, New York City, NY 10010 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0dd91e52-91f5-490e-a2fb-15b4dd598ace.jpg) ## Property Overview 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 - **Property Type**: Co-op - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Stories**: 5 - **Year Built**: 1858 - **Common Charges**: $2,614 / Monthly - **Listed On**: May 23, 2026 - **Days on Market**: 113 Days ### Residence Features - Wall Unit(s) - Building Other - Washer Dryer Allowed - Park/Greenbelt ## Sales Evidence ### Recent closed sales One apartment at 48 Gramercy Park North has a recorded sale since September 2021, the most recent for $3,450,000 in March 2022. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sold Price | Sold | Source | | --- | --- | --- | --- | --- | | 2 (Apartment) | 1 | $3,450,000 | March 4, 2022 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable co-op one-bedroom sales in Gramercy Park is $817,500, based on 144 sales between September 2024 and July 2026. This home is asking $998,000, $180,500 above that median. The middle half of those sales closed between $675,000 and $951,250. - **Median closed price**: $817,500 - **Middle half**: $675,000 – $951,250 - **Based on**: 144 co-op one-bedroom sales in Gramercy Park - **Period**: September 2024 – July 2026 Square footage is recorded for only 37 of these 144 sales (26%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 136 of these sales with a published asking price, the median closed at 96.3% of what it originally asked. 80% 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**: 96.3% of the original ask - **Closed below ask**: 80% of 136 sales - **Listed → in contract**: 92 days (about 13 weeks) - **In contract → closed**: 87 days (about 12 weeks) Across the 136 of these sales with a published asking price, the median closed at 96.3% of what it originally asked. 80% of them closed below the original ask. Half of these homes were in contract within 92 days (about 13 weeks) of coming to market, based on the 140 with a recorded listing date. Once a deal was agreed, closing took a further 87 days (about 12 weeks), based on the 136 with both dates recorded. A co-op board package and its interview account for much of that. 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 144 co-op one-bedroom sales in Gramercy Park, September 2024 – July 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 co-op one-bedroom sales in Gramercy Park, 2016 to 2026. 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 | | --- | --- | --- | | 2016 | $826,000 | 15 | | 2017 | $818,000 | 55 | | 2018 | $787,000 | 51 | | 2019 | $807,500 | 54 | | 2020 | $742,250 | 52 | | 2021 | $812,500 | 98 | | 2022 | $812,500 | 80 | | 2023 | $779,000 | 76 | | 2024 | $765,000 | 65 | | 2025 | $805,000 | 82 | | 2026 | $850,000 | 42 | 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. [See every recorded sale at 48 Gramercy Park North](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/48-gramercy-park-north) ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 8 apartments. The corporation’s 2026 property tax bill was $123,444 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 48 Gramercy Park North](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/48-gramercy-park-north) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 48 Gramercy Park North 48 GRAMERCY Park, New York, NY 10010 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1858 - **Total Units**: 1 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/48-gramercy-park-north) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [4B](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10010/48-gramercy-park-b-4B-ny-10010) | 1 | 1 | — | — | $998,000 | Douglas Elliman Real Estate | May 23, 2026 | 112 days | ## Estimated Monthly Payment **$7,660 / month**, assuming a 20% down payment ($199,600), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $5,046 - **Common Charges**: $2,614 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 - [48 Gramercy Park North — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/48-gramercy-park-north) - [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.