Gramercy Park

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  • 123 E 21st St New York City New York 10010 United States
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1REC's Take
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1REC's Take
Pros

✔ Exclusive residential area ✔ Beautiful private park ✔ Historic architecture

Cons

✘ Limited commercial spaces ✘ Expensive rent ✘ Strict access to the park

Shopper Profile

✦ Affluent Residents: High-income families and professionals ✦ Tourists: Visiting historic park ✦ Preferences: Upscale dining, boutique shopping, cultural activities

About Location
An enclave of elegance, Gramercy Park’s exclusivity is unparalleled, thanks to its private park. The area is frequented by the well-to-do, seeking its sophisticated boutiques and esteemed eateries. The rental market mirrors its elite reputation, and properties are often in the hands of longstanding local landlords, with some institutional interest.
Trade Area Summary

Basic Demographics

Median Household Income: $116,856
Consumer Expenditure: $34,221,540,424
Population: 791,818
Daytime Population: 2,083,056
Source Notes: Data reflects 20 minute drive times as of Q3 2023 (Experian) and is provided by Dallimore & Co, a boutique advisory firm specializing in growth strategy, real estate solutions, and M&A for specialty retail and consumer brands.

Household Segment Breakdown

Segment #1: G – Educated Urbanites (68%)
Segment #2: A – Ultra Wealthy Families (26%)
Segment #3: H – Young Professionals (3%)
All Other Segments: 3%

Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

Occupancy
Tenant Sales per Square Foot: $800
Occupancy Rate: 90%
Anchor Tenants: Gramercy Theatre, ABC Carpet & Home
Tenant Rent/Sales Ratio (%): 18.75% – 37.5%
Rent $ / Visitor: $33.75 – $67.5
Source Notes: Data sourced from public and private records.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
High
Union Labor Disharmony Likelihood
Medium
Recommended Vendors' Links 🔗

Local Broker: Be Featured! Contact Us

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Licensed Architect: Prose Architecture

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General Contractor: Be Featured! Contact Us

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thumb 127976 property gallery large Gramercy 5 1 768x512
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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 123 E 21st St
New York City
New York
10010
United States
Place Tags: NYC
Retail Type: Streets & Neighborhoods

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