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237 1st Avenue

Gramercy Park

New York, NY 10003

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Building Details

  • Year Built1951
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  • Sample Units

    UnitSizePriceInquire
    Small2,500 sqftInquire for pricing
    Medium5,000 sqftInquire for pricing
    Large10,000 sqftInquire for pricing
    Whole Floor20,000 sqftInquire for pricing
    • 0.02 mi๐Ÿ’ช14th Street Y โ€“ Sports Center
    • 0.02 mi๐Ÿš‡L1st Avenue
    • 0.03 mi๐Ÿฅ˜Kambi
    • 0.03 mi๐Ÿฅ˜Kati
    • 0.03 mi๐Ÿฅ˜Seรฑor Pollo
    • 0.03 miโ˜•๏ธStarbucks
    • 0.03 mi๐Ÿฅ˜The Redhead
    • 0.05 mi๐Ÿฅ˜Kumo Sushi
    • 0.06 mi๐Ÿฅ˜Luzzo's
    • 0.07 mi๐Ÿฅ˜Balade
    • 0.07 mi๐ŸบNowhere
    • 0.07 mi๐ŸบCrocodile Lounge
    • 0.07 mi๐Ÿฅ˜Sao Mai
    • 0.08 mi๐Ÿฅ˜Jeepney
    • 0.08 miโ˜•๏ธMadman Espresso
    • 0.08 mi๐Ÿฅ˜Murray's Falafel and Grill
    • 0.09 mi๐Ÿฅ˜Thai Terminal
    • 0.09 mi๐Ÿฅ˜Motorino
    • 0.09 mi๐Ÿฅ˜S'MAC
    • 0.09 mi๐Ÿฅ˜Akina Sushi
    • 0.09 miโ˜•๏ธDunkin' Donuts
    • 0.1 mi๐Ÿฅ˜The Halal Guys
    • 0.12 mi๐Ÿฅ˜Numero 28
    • 0.13 miโ˜•๏ธLower East Side Coffee Shop
    • 0.14 mi๐Ÿฅ˜Bait and Hook
    • 0.14 mi๐ŸบDrop-Off Service
    • 0.14 mi๐ŸบProfessor Thom's
    • 0.14 mi๐Ÿฅ˜Angelica Kitchen
    • 0.15 mi๐Ÿฅ˜Momofuku Ssรคm Bar
    • 0.15 mi๐Ÿฅ˜T-swirl Crepe
    • 0.15 mi๐Ÿฅ˜Hotel Tortuga
    • 0.16 mi๐Ÿ’ชSynergy Fitness Clubs
    • 0.16 mi๐Ÿฅ˜The Winslow
    • 0.16 mi๐Ÿฅ˜Momofuku Noodle Bar
    • 0.16 mi๐Ÿฅ˜Baohaus
    • 0.17 mi๐Ÿฅ˜IHOP
    • 0.17 miโ˜•๏ธCity Gourmet Cafe
    • 0.18 mi๐ŸบDead Drop
    • 0.18 mi๐Ÿฅ˜Blind Pig
    • 0.18 miโ˜•๏ธTarallucci e Vino
    • 0.18 mi๐ŸบBeauty Bar
    • 0.18 mi๐Ÿฅ˜The Nugget Spot
    • 0.19 miโ˜•๏ธTable 12
    • 0.19 mi๐Ÿฅ˜Westville East
    • 0.19 mi๐Ÿฅ˜Beyond Sushi
    • 0.19 mi๐Ÿฅ˜Raclette
    • 0.2 mi๐Ÿฅ˜Vivi Bubble Tea
    • 0.2 mi๐Ÿฅ˜Krust Pizzeria
    • 0.2 mi๐Ÿฅ˜Hawkers
    • 0.2 mi๐ŸบThe Belfry
    • 0.21 mi๐Ÿฅ˜Vanessa's Dumplings
    • 0.21 mi๐Ÿฅ˜Beijing Chinese Restaurant
    • 0.21 mi๐Ÿฅ˜bite
    • 0.21 miโ˜•๏ธDunkin' Donuts
    • 0.21 mi๐Ÿฅ˜New Taco Grill
    • 0.21 mi๐Ÿฅ˜Nicoletta
    • 0.22 miโ˜•๏ธTompkins Square Bagels
    • 0.22 mi๐Ÿฅ˜Chickpea
    • 0.23 mi๐ŸŒฒAbe Lebewohl Park
    • 0.23 miโ˜•๏ธThe Bean
    • 0.23 miโ˜•๏ธCiao For Now
    • 0.23 mi๐Ÿฅ˜Red House
    • 0.24 miโ˜•๏ธHorus Cafรฉ
    • 0.24 mi๐Ÿฅ˜Bruno
    • 0.24 mi๐Ÿฅ˜East Village Pizza
    • 0.25 mi๐Ÿฅ˜MUD
    • 0.26 mi๐ŸบOtto's Shrunken Head Tiki Bar
    • 0.26 miโ˜•๏ธStarbucks
    • 0.26 mi๐ŸบGood Beer
    • 0.26 mi๐Ÿš‡L3rd Avenue
    • 0.26 mi๐Ÿฅ˜Superiority Burger
    • 0.27 miโ˜•๏ธStarbucks
    • 0.27 miโ˜•๏ธPiccolo Cafe
    • 0.27 mi๐Ÿฅ˜Just Sweet
    • 0.27 miโ˜•๏ธRusticity
    • 0.27 mi๐ŸบBrazen Fox
    • 0.27 mi๐Ÿฅ˜5 Napkin Burger
    • 0.27 mi๐Ÿฅ˜Stromboli Pizza
    • 0.28 mi๐ŸบMona's
    • 0.28 mi๐Ÿฅ˜Ottos's Tacos
    • 0.28 mi๐ŸบDoc Hollidays
    • 0.28 mi๐Ÿฅ˜Joe Junior
    • 0.28 mi๐Ÿฅ˜Cafe Mogador
    • 0.29 mi๐Ÿฅ˜Hummus Place
    • 0.29 miโ˜•๏ธCafe Orlin
    • 0.29 mi๐Ÿฅ˜Please Don't Tell
    • 0.29 miโ˜•๏ธVbar St. Marks
    • 0.29 mi๐Ÿฅ˜Osterria Follia. Wine Bar
    • 0.3 mi๐Ÿฅ˜Dallas BBQ
    • 0.31 mi๐ŸŒฒYu Suen Garden
    • 0.31 mi๐ŸŒฒSaint Mark's Historic District
    • 0.31 miโ˜•๏ธGramercy Cafe
    • 0.32 mi๐Ÿฅ˜Oiji
    • 0.32 mi๐ŸบBlind Barber
    • 0.32 mi๐Ÿฅ˜Empellon Al pastor
    • 0.32 miโ˜•๏ธAbraรงo
    • 0.33 mi๐Ÿฅ˜Petite Abeille
    • 0.33 mi๐Ÿฅ˜Taqueria Diana
    • 0.33 mi๐Ÿฅ˜Luke's Lobster
    • 0.33 mi๐Ÿฅ˜Caracas Arepa Bar
    • 0.33 mi๐ŸŒฒToyota Children's Learning Garden
    • 0.33 mi๐Ÿฅ˜Avant Garden
    • 0.33 miโ˜•๏ธCorbet & Conley
    • 0.34 mi๐Ÿฅ˜Via Della Pace
    • 0.34 mi๐Ÿฅ˜Village Yokocho
    • 0.34 mi๐ŸบAngel's Share
    • 0.35 mi๐Ÿฅ˜Black Market
    • 0.36 mi๐ŸบJimmy's No. 43
    • 0.36 mi๐ŸบStandings
    • 0.36 mi๐ŸบBurp Castle
    • 0.36 mi๐Ÿฅ˜San Marzano
    • 0.37 mi๐Ÿฅ˜Miss Lilyโ€™s
    • 0.37 mi๐ŸบContinental
    • 0.37 mi๐Ÿฅ˜Streecha Urkrainian Kitchen
    • 0.37 mi๐Ÿฅ˜Zundo ramen
    • 0.37 mi๐Ÿฅ˜Caravan of Dreams
    • 0.37 miโ˜•๏ธDunkin' Donuts
    • 0.37 miโ˜•๏ธThink Coffee
    • 0.37 mi๐Ÿฅ˜Bravo Pizza
    • 0.38 mi๐Ÿฅ˜Hot Kitchen
    • 0.38 mi๐ŸบDeath & Company
    • 0.38 mi๐Ÿฅ˜Anisette. Cafe. Bistro.
    • 0.38 mi๐ŸบCentral Bar
    • 0.38 mi๐Ÿฅ˜Ippudo NY
    • 0.38 mi๐ŸบThe Headless Horseman
    • 0.39 mi๐ŸบCherry Tavern
    • 0.39 mi๐Ÿฅ˜East Village Thai
    • 0.39 mi๐Ÿฅ˜Mighty Quinn's BBQ
    • 0.39 mi๐Ÿฅ˜Milon Indian Restaurant
    • 0.4 mi๐Ÿฅ˜Casa Mono
    • 0.4 mi๐ŸบMayahuel
    • 0.4 mi๐Ÿฅ˜Beetlehouse
    • 0.41 mi๐Ÿฅ˜Pierre Loti
    • 0.41 mi๐Ÿš—Gramercy Park
    • 0.41 mi๐Ÿฅ˜Lucky Chicken
    • 0.41 mi๐ŸบBarfly
    • 0.42 mi๐Ÿฅ˜Buenos Aires
    • 0.43 mi๐Ÿš‡45614th Street-Union Square
    • 0.43 mi๐ŸบThe Cock
    • 0.43 mi๐Ÿฅ˜Risotteria Melotti
    • 0.43 mi๐ŸŒฒDe Colores Community Yard
    • 0.44 mi๐ŸบVazacs Horseshoe Bar
    • 0.45 mi๐Ÿฅ˜Mary Ann's
    • 0.45 mi๐Ÿš‡6Astor Place
    • 0.46 mi๐Ÿฅ˜Spice
    • 0.46 mi๐Ÿฅ˜GG's NYC
    • 0.46 miโ˜•๏ธStarbucks
    • 0.46 miโ˜•๏ธTeavana Tea Bar
    • 0.46 mi๐Ÿฅ˜Rolfโ€™s German Restaurant
    • 0.47 mi๐Ÿฅ˜Heart Of India

    Neighborhood

    Gramercy Park

    Gramercy Park, often shortened to Gramercy, is a quiet district in Midtown South that, in many ways, has remained untouched by new development over the years. Walking the streets of Gramercy Park, filled with Victorian charm and cultivated greenery, you’d never guess that the area was once in the middle of a swamp. The Manhattan neighborhood borders Third Avenue to the west, Park Avenue South to the east, 23rd Street to the north, and 14th Street to the south.

    The primarily residential neighborhood is well known for the private park at its center that shares the same name. Gramercy Park covers close to two acres of land and is one of only two private parks in New York City, accessible only by key. Approximately 400 keys are in circulation, most belonging to residents who live directly around the park and pay an annual fee.

    With few tourist attractions, Gramercy Park can provide a reprieve from the bustling crowds in surrounding districts. Gramercyโ€™s convenient proximity to Union Square allows for easy commuting both in and out of the neighborhood.

    Gramercy Park Office Space | Lease Data & Trends

    The Gramercy Park commercial real estate inventory totals approximately 21.5 million square feet, with three-fifths of the inventory comprised of Class A properties. Despite the low vacancy rate of 5.2%, office space in Gramercy Park still rent at a lower price per square foot โ€” $69.92 โ€” than the Midtown South average of $74 and the Midtown Manhattan average of $76. Gramercy office space in a Class A building costs on average $73 per square foot to rent. More than 100,000 additional square feet are currently under construction, primarily Class A units.

    What Our Brokers Say

    The appeal to renting Gramercy Park office space comes from the convenient central location combined with a more laid back neighborhood pace. The neighborhoodโ€™s 19,000 residents tend toward the affluent, which creates an excellent environment for financial and business management consultants.

    Gramercy Park is located near a handful of health and medical institutions, including Bellevue Hospital Center, VA NY Harbor Healthcare System, and NYU Medical Center, making the location idea for businesses offering medical services and products. Home health care services and healthcare consultants are common tenants in the area.

    Other notable tenants in the area include Con Edison, Button, Gotham Ghostwriters, ATTCK, Perry Branding Group, and Digital Pulp.

    Getting Around Gramercy Park

    Gramercy Park is the 11th most walkable neighborhood according to Walk Score, scoring 100% for both walking and transit. Gramercy Park is considered a safe neighborhood with little congestion, and the sidewalks around the private Gramercy Park provide scenic routes for joggers, dog-walkers, and employees looking to get a breath of fresh air during a busy workday.

    Union Square is located at Gramercy Parkโ€™s southwest corner, and the area is serviced by the 4, 5, 6, N, Q, R, and L trains.

    In the Neighborhood

    Much of the area within Gramercy Park is a designated historic district, admired for the well-preserved buildings showcasing Greek Revival, Italianate, and Gothic Revival architecture. Gramercy Park is even home to two of New York Cityโ€™s first apartment buildings, which both retain their original facades. This architecture is intermixed with classic brownstones, modern residential developments, and luxury condos.

    Not everything has remained preserved in the past, however. While some neighborhood favorites like Peteโ€™s Tavern have been in operation since 1864, relative newcomers Maialino, Midwinter Kitchen, and Yama are part of a vibrant culinary scene. Gramercy Park also has a lively happy hour scene for after-work socialization, with plenty of popular happy hour specials to be found at Revival, Barfly, Ampersand, and Bait & Hook, to name a few.

    Nearby neighborhoods include Flatiron District, Union Square, Midtown East, East Village, and NoHo.

     

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