Historic NYC Property Is 50% Sold After 6 Months
Arthur Zeckendorf and William Lie Zeckendorf, co-chairmen of Zeckendorf Development, LLC, announced that eight of the 16 residences at 18 Gramercy Park, a newly renovated historic landmark property, have been sold, including the duplex penthouse.
This represents an exceptionally strong sales period since the property has been on the market post Labor Day.
Originally built in 1927, 18 Gramercy Park is a newly designed modern classic that evokes the luxury and grandeur of some of New York’s finest cooperative landmarks in a historic downtown setting.
“We could not be more pleased about the sales success at 18 Gramercy Park. This project reflects meticulous attention to detail and is the culmination and confluence of our building philosophy and a commitment to flawless execution,” commented Arthur Zeckendorf.
The property is comprised of 14 full-floor condominium residences, a duplex penthouse with a heated infinity pool and nearly 2,000-square-feet of outdoor terrace space, and a magnificent maisonette. Each residence offers incredible park views from nearly every room and a key to Manhattan’s only private park.
“18 Gramercy Park provided us with the opportunity to transform a historic landmark property into one of the city’s finest luxury residential condominium buildings with a private park in the heart of New York City. It is a wonderful combination of historic elegance and 21st century convenience and amenities,” added William Lie Zeckendorf.
With 40 feet of frontage directly overlooking Gramercy Park, and over 130 feet facing east on Irving Place, each four-bedroom residence, accessed via key-locked elevator, offers living rooms that span the entire front of the building.
18 Gramercy Park was developed by Arthur Zeckendorf and William Lie Zeckendorf of Zeckendorf Development, LLC, in partnership with Global Holdings, Inc., a New York-based private real estate investment company and part of the Eyal Ofer family interests.