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CondominiumGramercy Park

385 1ST Avenue #12D, New York City, NY 10010

Listing Courtesy of Douglas Elliman Real Estate

$5,300/mo

Potential Rebate: $80

Condominium
1 Bed
1 Bath
3 Rooms
653 sqft
Built 2002
21 Stories
8/ft²
Listed on Oct 7, 2025
84 days on market

Overview

<p>Bathed in natural light from floor-to-ceiling windows, this sophisticated one-bedroom residence captures the energy and beauty of the city skyline. Every detail has been thoughtfully curated, blending modern luxury with timeless design.</p> <p>The entry foyer welcomes you with a generous&nbsp; <strong>California Closet</strong>, setting the tone for the home's impeccable organization and flow. The open U-shaped kitchen is elegantly appointed with glossy white lacquer cabinetry, honed marble countertops and backsplash, and high-end built-in appliances&nbsp;including a&nbsp; <strong>Sub-Zero refrigerator and freezer</strong>,&nbsp; <strong>Bosch gas cooktop and ventilation hood</strong>,&nbsp; <strong>Bosch wall oven</strong>, and&nbsp; <strong>Bosch dishwasher.&nbsp;</strong></p> <p> The adjoining living and dining area offers a wonderful setting for entertaining or quiet evenings at home with&nbsp; <strong>automated shades</strong>&nbsp;allowing you to adjust the ambiance at the touch of a button. The tranquil bedroom features a two custom&nbsp; <strong>California Closet</strong>&nbsp;system and a&nbsp; <strong>Tiffany safe,</strong>&nbsp;offering both luxury and peace of mind.</p> <p>The spa-inspired bathroom showcases honed Grey Fume marble floors, a bespoke Ash Veneer vanity framed in blackened steel, polished nickel fixtures by Waterworks, and a Toto toilet. Completing the home is an&nbsp; <strong>in-unit washer and vented dryer</strong>&nbsp;for everyday convenience.</p> <p>Residents enjoy access to an array of exclusive amenities, including a&nbsp; <strong>Jay Wright-designed fitness center</strong>,&nbsp; <strong>landscaped roof terrace with panoramic views</strong>, a&nbsp; <strong>24-hour attended lobby</strong>,&nbsp; <strong>residents' lounge</strong>, and&nbsp; <strong>outdoor grilling area</strong>.</p> <p>For additional convenience,&nbsp; <strong>two private storage units are available upon request for an additional fee</strong>.</p> <p>Ideally situated in one of downtown's most coveted locations, this home places you moments from&nbsp; <strong>Gramercy Park, Madison Square Park, and Union Square</strong>, where fine dining, boutique shopping, and cultural landmarks await.</p>

Home Features

  • Washer Hookup
  • Building Roof Deck
  • Private Outdoor Space Over 60 Sqft
  • City

Estimated Monthly Payment

$26 per month

30 year fixed, 6.28% Interest

Principal and Interest
$26
Property Taxes
$0
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$80

Monthly savings impact

$0/mo

Effective Purchase Price

$5,221

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

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Price Analysis

Compare average listing prices and value metrics for Coda against the surrounding Gramercy Park market.

Based on 1 active unit in building vs 141 in area

Average List Price

Building$5.3K
Neighborhood$2.6M

Price Per SqFt

Building Avg$8/ft²
Neighborhood Avg$1,738/ft²
Value Opportunity

99.53% Lower

than the Gramercy Park price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Gramercy Park

Private, Exclusive, and Historic

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Gramercy Park is famous for the only private park in Manhattan. It is quiet, leafy, and incredibly exclusive.

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Real Estate & Housing Market

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Historic townhouses and pre-war co-ops. Access to the park (a key) is tied to specific buildings.

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Lifestyle & Community

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Old New York elegance. Quiet, refined, and private. Irving Place offers polite dining.

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Transportation & Accessibility

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6 train at 23rd. L train at 3rd Ave. A bit of a walk to the west side lines.

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Parks, Schools & Amenities

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The Park (if you have a key). Stuyvesant Square is the public alternative. Excellent dining.

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Who This Neighborhood Is Best For

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Best for those seeking privacy, history, and the ultimate status symbol (a key).