No detail has been overlooked in the creation of this massive one-bedroom, two-bathroom home at The Abbey in historic Gramercy Park. Offering a gross cap rate of 6.3% and a net cap rate of 3.6%, this residence presents an exceptional investment opportunity in one of Manhattan's most desirable neighborhoods.
Blending historic charm and contemporary luxury, this home has been thoughtfully renovated to the highest standards. The chef's kitchen is outfitted with Miele appliances, custom cabinetry, quartz countertops, and an induction cooktop with a downdraft vent. The spacious dining area offers seating for 8-10. The living room is framed by original stained-glass windows, flooding the space with natural light and offering picturesque views of St. George Church and Stuyvesant Square Park. The primary suite features multiple closets and an elegant ensuite bath with radiant floor heating, Bella Carrara marble, and a custom vanity with inset lighting and hidden Bluetooth speakers. Additional conveniences include central air conditioning and an in-unit washer and dryer.
Built in 1888 as the Parish House of St. George Church, The Abbey is a distinguished boutique condominium with just 32 residences. Designed by renowned architect Leopold Eidlitz, the Romanesque Revival building has been meticulously preserved while incorporating modern comforts, including a 24/7 attended lobby, porter, and live-in superintendent. Nestled on a tranquil, tree-lined block in the Stuyvesant Square Historic District, The Abbey offers immediate access to Gramercy Park, Union Square, and some of the finest dining, shopping, and cultural institutions in New York City.
This residence presents a rare opportunity to own a significant piece of New York history while securing a strong investment in an appreciating market.
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