Mann's Gramercy condo conversion half-sold

The Real Deal

April 23, 2011

Mann's Gramercy condo conversion half-sold

April 22, 2011 01:15PM
36 Gramercy Park East

Maurice Mann's condominium conversion at 36 Gramercy Park East has crossed the 50 percent sold mark, with 19 of the 30 units available for sale in the building now either closed or in contract, according to Nest Seekers International, which is marketing the project. (The building has 51 units in total, but some are still occupied by rent-stabilized tenants.) Sales launched just under a year ago, and in March, the brokerage team increased prices by as much as 23 percent in response to what it described as high demand for the homes. Prices for the remaining units range from $1.325 million for one-bedrooms to $5.895 million for three-bedrooms. The historic building, constructed in 1908, was once home to actor John Barrymore, grandfather of Drew Barrymore, and his sister Ethel, also a well known actress, as well as Alfred Ringling of Ringling Brothers Circus. Today's residents get their own key to Gramercy Park, health club memberships, and doorman and concierge services. TRD