Gramercy grew up around Gramercy Park, laid out in 1831 and still one of the few private, keyed parks in Manhattan. The surrounding blocks are lined with prewar co-ops, elevator buildings and a handful of townhouses, and the streets around the park are primarily residential.
A few blocks away, the Flatiron District takes its name from the Flatiron Building (1902) at the meeting of Broadway and Fifth Avenue. Many former manufacturing lofts have been converted into apartments with high ceilings and large windows. Madison Square Park and the Union Square Greenmarket are nearby, and the area is served by many subway lines.
Gramercy & Flatiron by the numbers
Median condominium sale price
$2.39M
237 recorded sales, Nov 2025–Oct 2026
Median co-op sale price
$949K
368 recorded sales, Nov 2025–Oct 2026
Median 1–3 family house sale price
$6.25M
8 recorded sales, Nov 2025–Oct 2026
Typical asking rent (ZORI)
$5,258
Sep 2026 · +6.1% vs. a year ago
- Condominium $2.28M
- Co-op $1.00M
Show data table
| Month | Condominium | Co-op |
|---|---|---|
| Aug 2026 | $2.28M | $1.00M |
| May 2026 | $2.35M | $987K |
| Feb 2026 | $3.10M | $807K |
| Nov 2025 | $2.33M | $948K |
Reviewed & adjusted Sales medians use NYC Department of Finance records for this neighborhood over the last 12 complete months, with bulk or portfolio transfers excluded. Asking rents average the Zillow Observed Rent Index for the area’s ZIP codes (10010, 10003).
Residences we have represented in Gramercy & Flatiron
- 312 East 22nd Street, 1A: An Elevated Gramercy Duplex Rental · $3,950/month
- 45 East 25th Street, 24B Rental · $10,950/month
Includes current and past listings. Availability is shown on each listing.
Questions and answers
- What is the median sale price of a condominium in Gramercy & Flatiron?
- The median recorded sale price was $2,392,953 across 237 sales between Nov 2025–Oct 2026, according to NYC Department of Finance records (bulk transfers excluded). Prices vary widely by building, size and condition.
- What is the median sale price of a co-op in Gramercy & Flatiron?
- The median recorded sale price was $948,764 across 368 sales between Nov 2025–Oct 2026, according to NYC Department of Finance records (bulk transfers excluded). Prices vary widely by building, size and condition.
- What is the typical asking rent in Gramercy & Flatiron?
- About $5,258 a month as of September 2026, based on the Zillow Observed Rent Index for ZIP codes 10010, 10003, +6.1% compared with a year earlier. It reflects advertised rents across all apartment types and sizes.
- Which subway lines serve Gramercy & Flatiron?
- 4, 5, 6, L, N, Q, R and W at Union Square; 6 at 23rd and 28th Streets; R and W at 23rd Street.
- What types of homes are found in Gramercy & Flatiron?
- Prewar co-ops and elevator buildings around Gramercy Park, converted lofts and new condominiums in the Flatiron District, and a small number of townhouses.
- How can Rossi Living help me buy, sell or rent in Gramercy & Flatiron?
- We advise buyers, sellers, landlords and tenants across New York City, with building-by-building research, board package preparation and negotiation. Contact us for a private consultation.
This guide provides factual information from public sources and is not a recommendation of any neighborhood. Rossi Living LLC serves buyers, sellers, landlords and tenants in all New York City neighborhoods and complies with federal, New York State and New York City fair housing laws. Equal Housing Opportunity.
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