Rare Gramercy Park townhouse snatched up for $12M

A townhouse on Gramercy Park — with coveted keys to the exclusive green space — has sold for $12.17 million, according to city property records.

It is one of only five remaining single-family townhouses with a Gramercy Park address, according to 6sqft, as opposed to ones with address on 20th or 21st streets. The six-story property, at 40 Gramercy Park North, actually also goes by an alternate address of 143 E. 21st St. It first hit the market last year for $14.95 million, and its last asking price was $12.99 million.

In the 19th century, the residence was a boarding house with rooms “decorated with ferns, foliage and autumn flowers,” according to an 1895 article in the New York Times. The same article describes the home as one of the last townhouses to survive from the 1850s, when development around Gramercy Park aimed at the city’s elite was picking up speed.

40 Gramercy Park North has been updated; it now features six bedrooms, six bathrooms and three half bathrooms over 7,200 square feet, according to the listing (which has photos!).

There are several entertaining spaces, staff quarters, woodburning fireplaces, an elevator, a back garden and a two-story master suite with a skylight. Warburg’s Arlene Reed repped the buyer, who purchased via an LLC.

Listing brokers Joshua Wesoky, Nick Gavin and Josh Doyle, of Compass, declined to comment.



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