Golden oldie (c. 1910) 36 Gramercy Park East started out as a co-op, went rental in 1946, and recently freshened itself up to return to market as a condo. Like another conversion we know (hint: developer Maurice Mann has been involved in both projects), there are insider prices for current tenants, as-is prices for un-renovated units, and comparatively stratospheric prices for those who prefer their century-old former-rentals redone. And some of those prices are getting higher, Crain's reports, by up to 23 percent for 2BR units. Prices on 1BRs are going up around 8 percent, and on 3BRs with park views, about 7 percent; a few PriceUppers have hit StreetEasy already. (To go with them, there's a new model unit, shown above.) It's a gutsy move, considering that only 13 units have sold. Not to mention the recent addition of dead and disoriented birds to those park views.
· Prices raised at Gramercy Park condo conversion [Crain's]
· 36 Gramercy Park East coverage [Curbed]