Gramercy Park
Commercial Real Estate
NYC's most prestigious residential enclave with strategic commercial opportunity. From Park Avenue South offices to Irving Place mixed-use, we specialize in off-market Gramercy transactions.
Office Rent/SF
Cap Rate Range
Park Established
Only Private Park
Gramercy Submarkets
Gramercy Park
NYC's only private park surrounded by prestigious townhouses and pre-war buildings. Limited commercial supply commands premium pricing.
Park Avenue South
Major office corridor from 14th to 23rd Streets. Modern and renovated Class A/B buildings with strong tech and professional tenant demand.
Third Avenue / Kips Bay
Eastern Gramercy along Third Avenue featuring medical offices, neighborhood retail, and service tenants serving 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 adjacent to Gramercy Park command the tightest cap rates at 4.5-5.0%. Park Avenue South office buildings trade at 5.0-5.5%, while Third Avenue and Kips Bay properties can reach 6.0-6.5%.
What makes Gramercy unique for commercial real estate?
Gramercy offers a rare combination of residential prestige and commercial accessibility. The neighborhood's central location, historic character, and proximity to Flatiron, Union Square, and Midtown South attract professional service firms, boutique offices, and medical practices. The private Gramercy Park adds exclusivity.
What types of tenants occupy Gramercy commercial space?
Gramercy attracts diverse tenants including medical and dental practices (near Beth Israel and NYU hospitals), professional service firms, boutique tech companies, creative agencies, and neighborhood-serving retail. The residential character supports service-oriented businesses.
How do I sell a commercial property in Gramercy off-market?
Skyline Properties specializes in confidential off-market Gramercy transactions. We connect property owners with qualified buyers including medical investors, professional service firms, and value-add investors seeking Gramercy assets. Contact Robert Khodadadian for a confidential valuation.
Own Property in Gramercy?
Get a confidential valuation from NYC's leading off-market broker. Robert Khodadadian has closed $976M+ in transactions and maintains relationships with qualified buyers seeking Gramercy properties.