Gramercy is named after Gramercy Park, the only private park in New York City. The blocks surrounding the park, including most of Irving Place, consist of distinct and elegant pre-war architecture. These buildings boast some of the most coveted homes in the city and they all offer access to the exclusive park. The rest of the neighborhood is a relatively affordable alternative to downtown. Prices jump significantly south of 14th Street, and as a result the neighborhood generally attracts those who want to live close enough to walk to the Village, but without paying Village prices.
The neighborhood is bordered by 23rd Street to the north; 14th Street to the south; Park Avenue South to the west; and First Avenue to the east. Its most desirable homes are directly on the park. As mentioned above, homes on the park come with a key to the private Gramercy Park, an underrated amenity in a city where nearly everything else is public. Trust us: everyone who lives on Fifth Avenue wishes they could lock other people out of Central Park.
Other notable locations include Irving Place, where you can find long-time neighborhood spots like Pete’s Tavern and Friend of a Farmer; and Stuyvesant Square, a pet-friendly public park split into two by Second Avenue. The neighborhood is also convenient to the many transportation options at Union Square, including the 4, 5, 6, N, R, Q, and L trains.