Pads in former Gramercy hotel hit $3,000 a foot

June 20, 2005 12:00AM

Some apartments in the former Gramercy Park Hotel are fetching up to $3,000 a square foot or $6 million for a 2,000-square-foot space. Nineteen of the 23 apartments in the luxury building at 50 Gramercy Park North renovated by hotelier Ian Schrager have been sold since sales started six weeks ago. Ownership in the building includes keys to a private park as well as access to a building staff that will walk dogs and shop for groceries in the notoriously tony neighborhood. more [New York]


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