8 Gramercy Park South | The Real Deal New York

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8 Gramercy Park South

8 Gramercy Park South
New York, NY 10003
Residential, Leasing/Rental, Multifamily

The building at 8 Gramercy Park South has a unique aspect: it is one of only two rental properties allowed key access to the park. The area along the park is nearly impossible to find an apartment, as many of the buildings have been landmarked and owners are long-term residents.

Built in 1940, the six-story building features 55 residences and three office spaces. ¾In 2008 real estate developer Stonehenge Partners, which specialized in high-end rentals in generally all-condo neighborhoods, purchased the building along with 141 East 33rd Street for $83 million. Gramercy represented $28.9 million of the total sale and was purchased from the trust of philanthropist Harold Steinberg and his late wife Mimi. The purchase was part of the developers Stonehenge Fund III Limited Partnership, a $500 million equity fund it had formed the previous year to invest in multifamily properties, which also includes 141 East 33rd Street and 555 Sixth Avenue. -NR

  • Address 8 Gramercy Park South
  • neighborhood Midtown
  • borough Manhattan
  • owner Stonehenge Partners
  • owner entity SP GRAMERCY PROPERTIE
  • floors 6
  • Year Built 1940
  • residential units 55
  • commercial units 3
  • total units 58
  • square feet 44,713
  • block and lot 1-00875-0079
  • BIN 1017945

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11/20/15
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09/14/15
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08/07/15
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06/26/15
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05/15/15
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07/10/14
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02/14/14
From the Data Book: Despite a stronger market, Manhattan’s priciest closed residential deals were surprisingly smaller in 2013. The year’s priciest closed deal, a condo...

01/27/14
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01/24/14
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01/08/14
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With the New Year underway, it’s time for a post-mortem on last year’s residential market. And in an unusual twist, industry insiders who normally rely...

11/07/13
“Numbers to know” is a weekly web feature that catalogues the most notable, quirky and surprising real estate statistics. Today: City planners sign off on...

10/10/13
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08/19/13
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08/03/13
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03/26/13
It’s conventional wisdom that “blue chip” apartments surrounding Central Park command the highest prices in New York City, beating out trendier Downtown towers on a...

...two rental buildings on the park, Stonehenge Partners’ 8 Gramercy Park South has 55 studio, one- and two-bedroom apartments. Two studios are currently listed for $3,295 and $2,950 per...

With a handful of record sales in the past year, there’s no question Manhattan real estate has entered a new stratosphere. But even as asking...

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They pencil out budgets. They organize repairs. They field complaints about noise in the middle of the night. And many of Manhattan’s managing agents —...