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Gramercy Park Six-Property Assemblage

Sector: Commercial • Location: New York, United States

Source: The Real Deal

Project
Completed

A complex six-property assemblage in Gramercy Park involving a 34-unit co-op, rent-stabilized tenants, zoning constraints, and environmental contamination. The deal included acquiring air rights and negotiating a cantilever over a co-op building, leading to lawsuits and renegotiations. The developers plan a 20-story condo, the largest new development along the park in a century.

Status
Closed
Sector
Commercial, Residential
Location
New York, United States of America
Updated
22 Jul 2026
Source
The Real Deal

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Project Information

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The project “Gramercy Park Six-Property Assemblage” is an infrastructure initiative in the Commercial sector, located in New York, New York, United States. Taiyo aggregates data on it from The Real Deal.

Participants

Not available for this record.

Status

Original status

completed

Taiyo status

Closed

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

A complex six-property assemblage in Gramercy Park involving a 34-unit co-op, rent-stabilized tenants, zoning constraints, and environmental contamination. The deal included acquiring air rights and negotiating a cantilever over a co-op building, leading to lawsuits and renegotiations. The developers plan a 20-story condo, the largest new development along the park in a century.

Original sector

Commercial

Location

Country

United States of America (USA)

State

New York

City

New York

Source

Source

The Real Deal

URL

More Details

Record type

Project

Sector

Commercial, Residential

Article published date

2026-05-15

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