Penthouse Apartments • Gramercy Park, Manhattan
Penthouse Apartments in Gramercy Park, Manhattan (2026)
NYC penthouses are top-floor apartments typically with a private terrace, multiple exposures, and setback construction from the street level. True penthouses are rare and command the top rents in their buildings. Watch for "PH" listings that are just high floors without the defining penthouse features. Gramercy Park scores 6.8/10 on DwellCheck's livability index (#5 of 33 Manhattan neighborhoods scored from NYC Open Data), with 2 subway stations inside the neighborhood's boundaries.
Gramercy Park at a glance
Gramercy scores 6.8: a transit-rich neighborhood with dense trees, built for access over serenity, with noise that you need to accept upfront.
What to look for in a penthouse apartment in Gramercy Park
Gramercy Park has a specific housing profile that affects your penthouse search. Its practical score is 7/10 (HPD housing violations per residential lot, higher = fewer), and the most common residential building class is walk-up apartments (37% of residential tax lots in NYC's PLUTO data). These are the considerations that matter most here:
- •True penthouse vs "PH" floor number (true penthouses have private outdoor space)
- •Private terrace size and access
- •Multiple exposure directions (penthouses typically have 2-4 exposures)
- •Setback construction (the unit sits back from the building edge)
- •Elevator key access or private elevator
How to verify a penthouse listing
Listings often over-promise on amenities. Before you sign a lease for a claimed penthouse apartment in Gramercy Park, run through this verification checklist:
- ✓Verify private outdoor space — a "PH" without a terrace is just a high-floor unit
- ✓Ask about elevator access (some penthouses require key-activated elevator)
- ✓Check for roof access rights separate from the rental
- ✓Inspect the outdoor space drainage and structural integrity
- ✓Confirm the terrace has legal occupancy and load ratings
Want a deeper dive? Read our full NYC Building Types Explained guide.
About Gramercy Park, Manhattan
You'll find Gramercy a densely built, tree-lined neighborhood where walk-up apartment buildings (37% of residential tax lots) and elevator buildings (24%) create a human-scaled streetscape. The area averages 242 trees within a 200-meter radius, among the most in Manhattan, with 9.1/10 tree density. Stuyvesant Square, Peter's Field, and Augustus St. Gaudens Playground give you park access without a trek; the 3 nearest parks average 311 meters from the neighborhood's center. The 14 St-Union Square station feeds eight subway lines (4, 5, 6, L, N, Q, R, W), making it one of the city's transit hubs; the 28 St station (6 line) adds redundancy. But this connectivity comes with noise: you'll hear activity. Lots of it.
Gramercy Park scores 6.8/10 overall on DwellCheck's livability index, ranking #5 of 33 Manhattan neighborhoods scored from NYC Open Data. Rent prices in Gramercy Park vary widely; check specific listings for current market rates. DwellCheck lists 2 subway stations inside the neighborhood's boundaries for Gramercy Park, including 28 St, 14 St-Union Sq.
A typical 200m circle in Gramercy Park holds about 242 trees in NYC Parks' tree inventory (street and park trees), a tree density of 9.1/10 on a citywide percentile scale. Largest parks in or near Gramercy Park: Stuyvesant Square, Peter's Field, Augustus St. Gaudens Playground. Nearest to the neighborhood's center: Peter's Field, about 251m.
Subway stations in Gramercy Park
Who Gramercy Park is best for
Commute score of 7 and eight subway lines at 14 St-Union Square mean reliable, multi-route access across the city. You're not optimizing for speed; you're optimizing for options.
Outdoor score of 7.0 (just below the borough median of 7.3) plus 242 avg trees per 200m radius and three named parks nearby; tree density (9.1/10) is in the top third of Manhattan neighborhoods.
The neighborhood's core appeal is its building stock: private Gramercy Park access, established prewar co-ops, and walk-up apartment buildings on 37% of residential tax lots. This isn't new construction territory.
Frequently Asked Questions
What should I know about finding a penthouse place in Gramercy Park?
Gramercy Park pricing varies by block and building. Gramercy Park ranks #5 of 33 Manhattan neighborhoods scored from NYC Open Data on livability (6.8/10). Known for private gramercy park and prewar co-ops, Gramercy Park has a rental market where penthouse options depend heavily on building era and management. Gramercy scores 6.8: a transit-rich neighborhood with dense trees, built for access over serenity, with noise that you need to accept upfront.
How much should I expect to pay in Gramercy Park?
Pricing in Gramercy Park varies widely by block, building age, and floor. Manhattan is a large borough with significant rent variation — always compare at least 3-4 listings before committing.
Is Gramercy Park actually a good fit for someone looking for a penthouse apartment?
Depends on your priorities. Gramercy Park scores 7/10 on practical (HPD housing violations per residential lot, higher = fewer) and 7/10 on commute (subway stations and lines inside the neighborhood). It tends to work best for transit-dependent professionals. The penthouse inventory specifically depends on building stock, which you can verify address by address.
How do I get around from Gramercy Park?
DwellCheck lists 2 subway stations inside the neighborhood's boundaries, including 28 St (6) and 14 St-Union Sq (4/5/6/L/N/Q/R/W). The commute score is 7/10 (subway stations and lines inside the neighborhood); it is not a travel time, so check the trip to your own destination.
What about safety in Gramercy Park?
Block-by-block variation is significant — two addresses a quarter mile apart can have very different safety profiles. Manhattan averages 696.5 reported incidents per 300m radius and 1.3 shooting incidents per 500m. The only way to know for a specific address is to check the NYPD data within a walking radius.
Are there parks or green space near Gramercy Park?
A typical 200m circle in Gramercy Park holds about 242 trees in NYC Parks' tree inventory (street and park trees), a tree density of 9.1/10 on a citywide percentile scale. Largest parks in or near Gramercy Park: Stuyvesant Square, Peter's Field, Augustus St. Gaudens Playground. Nearest to the neighborhood's center: Peter's Field, about 251m. The outdoor score is 7/10. Green space access is a genuine strength here.
What ZIP code covers Gramercy Park?
Gramercy Park falls in 10003 (East Village / Gramercy).
More apartment types in Gramercy Park
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Check a specific Gramercy Park address
Neighborhood averages are a starting point. Every NYC apartment building has unique violations, complaint history, and livability characteristics. Enter any address for a block-level analysis.
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