Rent-Stabilized Apartments • Manhattan
Rent-Stabilized Apartments in Gramercy Park, Manhattan (2026)
About 1 million NYC apartments are rent stabilized under a program limiting annual rent increases. For leases beginning October 1, 2025 through September 30, 2026, the maximum increase is 2.75% for 1-year leases and 5.25% for 2-year leases.
Gramercy Park at a glance
Gramercy scores 6.7 median: a transit-rich, tree-canopied neighborhood built for access over serenity, with rising safety concerns and noise that you need to accept upfront.
What to look for in a rent-stabilized apartment in Gramercy Park
Rent-Stabilized Apartments come with specific considerations that vary by building and neighborhood. In Gramercy Park specifically, these are the factors that matter most:
- •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 DHCR rent history for free at hcr.ny.gov (2-4 week turnaround)
- ✓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 mid-rise prewar buildings (50% of tracked stock) create a human-scaled streetscape despite pockets of high-rises. The area averages 147 trees within a 200-meter radius with 8.5/10 canopy density—well above borough standards—so you're walking under consistent shade on most blocks. Stuyvesant Square and Peter's Field sit roughly 300 meters away, giving you park access without a trek. 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 6.7/10 overall on DwellCheck's livability index, ranking #12 of 22 in Manhattan. Rent prices in Gramercy Park vary widely; check specific listings for current market rates. Gramercy Park has 2 subway stations within walking distance: 28 St, 14 St-Union Sq.
Frequently Asked Questions
Are rent-stabilized apartments common in Gramercy Park?
Rent-Stabilized Apartments availability in Gramercy Park varies by building type, era, and individual landlord policies. Gramercy Park scores 6.7/10 overall on DwellCheck's livability index, ranking #12 of 22 in Manhattan. Use DwellCheck to filter specific addresses by your criteria.
How much do rent-stabilized apartments cost in Gramercy Park?
Rent prices in Gramercy Park vary widely; check specific listings for current market rates. Rent-Stabilized Apartments in Gramercy Park typically carry a small rent premium over comparable non-rent-stabilized units. Verify the asking price against neighborhood medians before signing.
How do I find legitimate rent-stabilized apartments listings in Gramercy Park?
Start with StreetEasy, Zillow, and RentHop filtered by your specific criteria. Cross-reference any listing you find on DwellCheck to see the building's HPD violations, 311 complaints, and livability data before you commit.
Is Gramercy Park a good neighborhood for rent-stabilized apartment hunters?
Gramercy Park scores 6.7/10 overall on DwellCheck's livability index, ranking #12 of 22 in Manhattan. Gramercy scores 6.7 median: a transit-rich, tree-canopied neighborhood built for access over serenity, with rising safety concerns and noise that you need to accept upfront. Whether Gramercy Park works for your specific rent-stabilized requirements depends on the building, not just the neighborhood. Check individual addresses.
How is transit from Gramercy Park?
Gramercy Park has 2 subway stations within walking distance: 28 St, 14 St-Union Sq. Commute times to Midtown and Downtown Manhattan vary by station and line.
Rent-Stabilized Apartments in other Manhattan neighborhoods
Check a specific Gramercy Park address
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