Rent-Stabilized Apartments • Gramercy Park, Manhattan
Rent-Stabilized Apartments in Gramercy Park, Manhattan (2026)
The 2023 NYC Housing and Vacancy Survey (NYC HPD and U.S. Census Bureau, initial findings released February 2024) counted 996,600 rent-stabilized apartments, 41% of the city's rental units. The Rent Guidelines Board's maximum renewal increases are 3% for 1-year leases and 4.5% for 2-year leases beginning October 1, 2025 through September 30, 2026 (RGB Order #57); 0% for 1-year leases and 0% for 2-year leases beginning October 1, 2026 through September 30, 2027 (RGB Order #58). 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 rent-stabilized apartment in Gramercy Park
Gramercy Park has a specific housing profile that affects your rent-stabilized 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:
- •Buildings with 6+ units built before 1974 are commonly stabilized
- •J-51 and 421-a tax abatements create newer rent-stabilized units
- •Preferential rent is locked in for your entire tenancy under HSTPA 2019
- •DHCR rent history is the only authoritative source for verification
- •Stabilized tenants have guaranteed lease renewal rights
How to verify a rent-stabilized listing
Listings often over-promise on amenities. Before you sign a lease for a claimed rent-stabilized apartment in Gramercy Park, run through this verification checklist:
- ✓Request a free DHCR rent history at hcr.ny.gov
- ✓Check for a rent stabilization rider in your lease — required by law
- ✓Verify the building was built before 1974 via NYC Open Data PLUTO records
- ✓Look up J-51 or 421-a status on NYC Department of Finance property records
- ✓Ask the landlord directly and get the answer in writing
Want a deeper dive? Read our full Is My NYC Apartment Rent Stabilized? 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 rent-stabilized 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 rent-stabilized 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 rent-stabilized 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 rent-stabilized 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).
Rent-Stabilized Apartments in other Manhattan neighborhoods
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