Finding a historic Gramercy apartment is a dream for many New Yorkers. As a quintessential residential neighborhood in the heart of Midtown Manhattan, Gramercy has long been known for its elegant tree-lined streets and the picturesque Gramercy Park, which is located at the center of the nabe. The park has a unique allure to it thanks to the fact that it is private, and entry is limited to keyholders. As a resident of the neighborhood, you may have the exclusive opportunity to rent a key to Gramercy Park, that is if you're in one of the 39 residential buildings that face the park. It costs $350 per year to rent a key, but that's chump change considering that apartments for rent in Gramercy Park tend to command extravagant prices. The buildings that face the park are also older pre-war brownstones and townhouses, with a limited number of rentals, so you should plan ahead if you want to rent a Gramercy apartment that comes with a key to the park.
As you start to move away from the park, you'll find a variety of housing, from full-service luxury rental properties to more affordable walk-up buildings. In general, the housing stock in Gramercy is older as new development has been limited to a select few condominiums. Overall the neighborhood is best suited to those residents who prefer a more tranquil and old-world vibe and who will appreciate the unique quirks and incredible pre-war architecture Gramercy offers.