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Gramercy

History In 1831, a young lawyer named Sam Ruggles purchased the property that now makes up Gramercy and Gramercy Park. Before his purchase of the land, Gramercy was once only a swamp called "Crommashie" by the Dutch. With the directorship of Sam Ruggles, the entire swamp making up Gramercy was drained and created into the beautiful area that has now survived. The vision of Sam Ruggles was to create an open air area that could be enjoyed by city residents that lived in the crowded city. In 1845, there were only two homes located in 1845. However, Ruggles continued investing in the area and kept building residential communities. He knew that one day many city residents would want to live in Gramercy for its beautiful gardens and park. At the time of its creation, Ruggles even arranged for a tax exemption that is still in effect today. Owners of the park are still residents in the surrounding square. During the Civil War, Gramercy Park even played a role in holding soldiers in its areas. Part of Gramercy Park South even served as an Underground Railroad in 1859. Gramercy Park continues to be one of the attractions most enjoyed by New Yorkers. The area contains many townhouses with spacious backyards. In 1993, a 42-room in Gramercy Park sold for $7 million dollars. Description Gramercy is home to some of the most beautiful luxury apartments in Manhattan. The single family homes in this private park are some of the most sought after real estate properties in New York. Gramercy Park is one of the quietest and most tranquil areas to be found in New York. The park practices proper protocal, only allowing jogging at specific hours and washing the sidewalks every day. Gramercy Park is located between East 20th Street and East 21st Street. The neighborhood wider Gramercy has boundaries that extend from 14th Street to the south and from First Avenue to the east. Its other boundaries are from 23rd Street to the north and Park Avenue South to the west. Residents About 25,000 people live in Gramercy Park. The gorgeous park and low crime rates make Gramercy one of the best places to live in New York. High-income singles make up most of Gramercy. Apartment rentals in Gramercy tend to be pricey, but if you can afford it, Gramercy will prove to offer you luxury, high-class living The average home value in Gramercy is $670,000. Rental Housing Rental apartments in Gramercy cost as much as apartments found in the Upper West Side, Upper East Side, and Financial District. Living in Gramercy is pricey like most of Manhattan. A one-bedroom Gramercy rental starts at $2,500 per month without a doorman. A two-bedroom apartment with a doorman starts at $6,000. Rentals in Gramercy can well exceed over $20,000 a month. Fun Stuff Gramercy Park is the feature that makes this city worth living in, hands down. Jogging through Gramercy Park in autumn is a pastime enjoyed by many New Yorkers. Fine dining, great shopping, and a plethora of non-profit organizations are also to be found in Gramercy.