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Market Report: Gramercy Starck Condo Building 340 East 23rd Street

By
Real Estate Agent with Douglas Elliman Real Estate

Gramercy Starck has seen a lot of activity this summer and throughout the year, a lot more than what we saw last year at this same time.  Right now there are 14 apartments currently on the market, 2 apartments that have contracts signed, with a number of closings in the past 60 days.

 
7 Studios for sale, ranging in price of $535,000 up to $649,000
4 One bedrooms for sale, ranging in price of $795,000 to $950,000
1 Two bedroom for sale asking $1,550,000
2 Three Bedrooms for sale $1,980,000 to $2,199,000
 
Gramercy Starck had a complete sell out when it first came on the market closing in 2008.  The apartments selling now are ALL resale units meaning you are purchasing from an owner and you do not have to pay the closing costs associated with a new construction condominium, a considerable savings. Below is the list of apartments that have sold this year at Gramercy Starck.
 












Sold
 
6G $555,000 (Studio)
5K $787,500(One Bedroom)
PH1B 1.365 Million(Two Bedroom)
PH4B 2.625 million(Three Bedroom)
3F $745,000(One Bedroom)-Just Closed, September 8th, May not be final closing price
3L $780,000(One Bedroom)-Just Closed, September 8th, May not be final closing price
6L $805,000(One Bedroom)
 
All Prices were found either on PropertyShark and are subject or error and revision
 
Contract Signed
 
16H Asking $850,000(One bedroom)
12A Asking $799,000(One Bedroom)
 
Most of the apartments that have sold this year have been 1 Bedroom apartments, and there looks to be more sales this year of One Bedroom Apartments.  The Average price for a 1 bedroom is $897,500 with a low of $799,000 and a high asking price of $950,000.  The average Days on market of a 1 bedroom is 83 Days on Market. 
 
Overall, the best priced apartments are selling at Gramercy Starck, with multiple apartments available for both studio's and 1 Bedrooms buyers are typically seeing multiple apartments and then decided what apartment presents the best value and fit for them. 
 

Gramercy Starck Rentals FAQ

Gramercy Starck Rentals and Sales Specialist

Call us (917) 837-8869 for your specific Gramercy Starck unit today.
Posted by

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Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)

Our team specialize in Manhattan New York Condominiums, townhouses, and condops.

We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate goals.

Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent

 

Comments (3)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Eileen, good information on this building for those wanting to purchase an apartment in Manhattan!

Sep 10, 2011 01:56 AM
Kathy Toth
Ann Arbor Market Center Keller Williams - Ann Arbor, MI
Ann Arbor Real Estate Experts - Kathy Toth Team

Eileen, nice presentation and stay safe this week.  I am thinking of all New Yorkers.  My dughter is flying there on Sunday.....

Sep 10, 2011 02:07 AM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Eileen - Great real estate market report for Gramercy Starck.

Sep 11, 2011 01:40 PM