Building: 50 Gramercy Park North

This property was erected by Bing & Bing as the Gramercy Park Hotel at 2 Lexington Avenue in 1925 and was designed by Robert T. Lyons. Overlooking Gramercy Park, which is private and locked and open only to residents of buildings facing the park it. The residential section of the project, which includes about 180 hotel rooms, has 23 condominium apartments, many with 18-foot-high ceilings, and a key to the park. The kitchens are clad in American cherry wood, satin-finished Varenna cabinetry and double sinks designed by Pawson. The master bathrooms have deep, oversize tubs, travertine basins and walk-in showers. All apartments will have floor-to-ceiling windows, park views and white oak floors and many will have wood-burning fireplaces and 12-foot-four-inch-high ceilings. The building’s lobby is being gutted and raised in height to two-stories and a rooftop bar will become a private club. The brown-brick property has a two-story limestone base and is designed in Renaissance Revival style. The hotel portion of this project has concierge service, valet parking and limousine service, access to a rooftop garden and meeting rooms. The public portions of the hotel have been designed by Julian Schnabel, the artist and movie director, in an eclectic and flamboyant style. Apartments will have housekeeping service, room service, massage and spa services, catering services, supervised childcare and babysitting services, pet walking services, fresh flower service and private storage.

City, State, Zip Code: New York, NY, 10010
Neighborhood: Gramercy Park
Cross Streets: Lexington Avenue and Third Avenue
Ownership: Co-op
Building Type: Mid-rise
Service Level: Full Service
Size: 17 Floors. 23 Apartments.
Age: Pre-war. Built 1924. Converted to Co-operative in 2006.
Details: Residential Street, Block: 877, Lot: 13, Community Board: 6, School District: 2.
Financing Allowed: 80%
Tax Deductibility: 20%
Access: Elevator (2)
Amenities: Fitness Room; Laundry Room; Common Storage Room.
Building Policy: Pied-A-Terre Allowed. W/D Allowed.
Pet Policy: Pets Allowed.
Sales Policy: Financing Allowed: 80%. Tax Deductibility: 20%. Corporate Ownership: Allowed.
Sublet Policy: Allowed.