Small Wonder

Score your own slice of Gramercy with this sweet Art Deco studio

Share this Article

How much total do you plan to tip the building staff this year?

Gramercy has a rep as one of the city's most sought-after (and high-priced) neighborhoods, but this Gramercy House studio—asking $525,000—has the makings of a perfect starter apartment for a buyer whose heart is set on this specific corner of Manhattan.

Though the apartment is definitely more "studio" than "junior one-bedroom," the layout is such that the kitchen is slightly separate, as is the sleeping area, which is located in an alcove off the living room and enclosed by a set of glass doors to give it the feeling of a full-fledged bedroom.

The listing notes that that the kitchen has recently been renovated and the apartment's electrical work upgraded; still, the space still maintains original details including hardwood floors, a beamed ceiling, and original subway tile in the bathroom. (The building itself has lots of old-school Art Deco touches on the facade and in the lobby.)

The building also includes many enticing extras, including a shared residents' garden, a planted roof deck, 24-hour concierge, a part-time doorman, as well as a laundry room and bike storage.

While the building does allow cats and dogs, pied-a-terres are a no-go, meaning you'll need to be buying this place as a primary residence. And note that they require a down payment of at least 25 percent, meaning you'll need a sizeable chunk of cash on hand to close the deal. No keys to Gramercy Park, though, as it's not on the famed greenspace's periphery.