18 Gramercy Park, historic building in Manhattan, New York, United States
18 Gramercy Park is a red-brick building with 19 stories that was built in 1927 and originally functioned as a hotel. It was converted in 2012 into 16 luxury condominiums, with each unit spanning an entire floor and offering views toward the private park.
The building was constructed in 1927 as a residential hotel and later served the Salvation Army from 1963 to 2008 as temporary housing for women. After its sale in 2010, it underwent redesign by Robert A. M. Stern Architects and reopened in 2012 as a luxury residential project.
The building sits next to Gramercy Park, a private green space that only key holders can enter. For residents, this access represents a connection to one of Manhattan's most selective communities, where living near the park has long signified a certain social standing.
The building is located in a quiet residential neighborhood with good access to restaurants, shops, and theaters. Its immediate proximity to the private park gives residents direct access to green space in the center of the city.
Each unit in the building was sold individually at prices exceeding ten million dollars, with the largest penthouse duplex selling for over forty million dollars. These prices reflect the extreme value that the exclusive location next to the private park and the high-end finishes hold for affluent buyers.
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