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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

    For example, the $100.5 million One57 penthouse went into contract in February 2012 and closed in December 2014. Meanwhile, the $42 million penthouse at 18 Gramercy Park South went into contract in September 2012 and closed in August 2013...

    Until the Walker Tower deal, the priciest Downtown residential sale was held by the Zeckendorfs’ 18 Gramercy Park South, where Leslie Alexander, the owner of the Houston Rockets, bought a penthouse for $42 million last year...

    The most expensive sale of 2013 was the duplex penthouse at the brothers’ 18 Gramercy Park South, a 16-unit luxury condo conversion launched in 2012...

    Brown Harris will be the property manager of the new 16-unit condo 18 Gramercy Park South when it is completed by Terra Holdings principals Arthur and William Zeckendorf...