Gramercy Park
One of NYC's most prestigious residential enclaves, with a short list of commercial buildings. From Park Avenue South offices to Irving Place mixed-use, we handle off-market Gramercy sales.
Office Rent/SF
Cap Rate Range
Park Established
Only Private Park
Gramercy Submarkets
Gramercy Park
NYC's only private park, ringed by townhouses and pre-war buildings. Very little commercial space, so what trades gets top pricing.
Park Avenue South
The main office corridor from 14th to 23rd Streets. New and renovated Class A/B buildings, leased to tech and professional services firms.
Third Avenue / Kips Bay
Eastern Gramercy along Third Avenue: medical offices, neighborhood retail, and service tenants that work with the nearby hospitals.
Property Types in Gramercy
Class A Office
Avg: 100,000 SF
Class B Office
Avg: 50,000 SF
Mixed-Use
Avg: 40,000 SF
Medical Office
Avg: 30,000 SF
Gramercy Transactions
View All Deals →Gramercy Real Estate FAQ
What is the average cap rate for Gramercy commercial properties?
Gramercy commercial cap rates range from 4.5% to 6.5% depending on location and building type. Properties on Gramercy Park trade tightest, at 4.5-5.0%. Park Avenue South office buildings trade at 5.0-5.5%. Third Avenue and Kips Bay properties can reach 6.0-6.5%.
What sets Gramercy apart for commercial real estate?
It is one of the most expensive residential addresses in the city, and it still sits a few blocks from Flatiron, Union Square, and Midtown South. That location and the historic buildings draw professional service firms, boutique offices, and medical practices. The private park makes the address even more exclusive.
What types of tenants occupy Gramercy commercial space?
Medical and dental practices (near Beth Israel and the NYU hospitals), professional service firms, boutique tech companies, creative agencies, and neighborhood retail. The residential population keeps service businesses busy.
How do I sell a commercial property in Gramercy off-market?
Skyline Properties handles confidential off-market Gramercy sales. We bring owners qualified buyers: medical investors, professional service firms, and value-add investors looking for Gramercy assets. Call Robert Khodadadian for a confidential valuation.
Own Property in Gramercy?
Get a confidential valuation from Robert Khodadadian, who has closed $976M+ in transactions and knows the qualified buyers looking for Gramercy properties.