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Gramercy hospital-turned-luxury condo launches sales from $1.2M

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Gramercy Square, as the project is known, has 223 apartments spread out over four buildings.

Name/Location: Gramercy Square, comprised of four buildings with the addresses 215 East 19th Street, 225 East 19th Street, 220 East 20th Street, and 230 East 20th Street

Developers: Clipper Equity and The Chetrit Group

Architect: Woods Bagot, M. Paul Friedberg & Partners (Landscape)

Size: 223 apartments spread out over four buildings of varying sizes.

Prices: Starting from $1.215 million for a studio (from those currently available)

Sales and Marketing: Douglas Elliman

The transformation of the former Cabrini Medical Center campus into pricey condos is moving along and developers Clipper Equity and the Chetrit Group have now launched sales on a small selection of apartments at Gramercy Square, which will bring a total of 223 apartments to the neighborhood.

Pricing on the apartments has continued to fluctuate (but mostly rise) since prices were first revealed in July last year. At that time a 543-square-foot studio was going to be offered for $885,000 at the building located at 225 East 19th Street. In January this year, pricing on the cheapest unit had increased to $995,000.

Of the listings currently on StreetEasy, the least expensive is a 682-square-foot studio for $1.215 million at 215 East 19th Street, but it’s still possible that cheaper units will be released over the coming months.

Of the four buildings, 215 East 19th Street has the most apartments—130. It’s also where the priciest pad at the development is supposed to be located—a 7,120-square-foot penthouse asking $33 million (the apartment is also expected to have 5,380 square feet of outdoor space).

The building at 225 East 19th Street will come with 48 apartments, 220 East 20th Street will have eight full-floor apartments, and 230 East 20th Street will have 37 units. All four buildings are interconnected and amenities at the condo development include a golf simulator, a swimming pool, and a wine room. There's also half an acre of outdoor gardens that includes a central courtyard.