The Real Deal New York

New Condos: Murray Hill/Gramercy Park/Flatiron
18 Gramercy Park

July 10, 2014 11:53AM

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With the 2012 sale (to Houston Rockets owner Leslie Alexander) of a five-bedroom $42 million penthouse, 18 Gramercy Park South grabbed a spot in the league of Manhattan’s priciest residences. In fact, the sale of that unit in the building was the priciest apartment ever sold south of 57th Street, before that record was broken by a unit at Walker Tower in Chelsea. The project is the handiwork of developers Arthur and William Lie Zeckendorf and architect Robert A.M. Stern, the team behind 15 Central Park West. Of late, five more units have hit the market. At the low end, there’s a 3,746-square-foot, two-bedroom maisonette, asking $9.8 million. And at the top end, an 8,414-square-foot, eight-bedroom duplex is on the market for $37.6 million. Contact www.18gramercypark.com or 212-490-1818.

NAME18 Gramercy ParkPRICE RANGEFrom $9,300,000 to $37,600,000
ADDRESS18 Gramercy ParkSIZE RANGEFrom 3,746 Sq Ft to 8,414 Sq Ft
TYPEConversionAVG PPSF$4,074
TOTAL UNITS17TAX ABATEMENTNo
DEVELOPERZeckendorf DevelopmentAVG COMMON CHARGE$1.48/sf
BROKERZeckendorf MarketingFINISHED BYComplete
Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.
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