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Layouts We Love: The Penthouse at 50 Gramercy Park North

The Penthouse at 50 Gramercy Park North

Real estate in Manhattan is typified by sacrifice, where buyers compromise by moving a block east or two floors down to shave that extra million off the price tag. But occasionally we find a home that is about as close to perfection as exists in New York. In this week’s “Layouts We Love” column, HotelHomes.com takes a look at the penthouse at 50 Gramercy Park North.

50 Gramercy received numerous accolades upon its completion in 2007 with a development team that included Ian Schrager, the (in)famous nightlife-icon-turned-hotelier, and John Pawson, the brilliantly minimalist interior designer. Integrated yet private from the adjacent Gramercy Park Hotel, the residences feature vast panes of glass and enjoy unobstructed southern light and views over Gramercy Park, to which owners have the rare privilege to private, keyed access.

The penthouse itself occupies the top two floors of the residential building, measuring over 4200 square feet inside and nearly 1000 square feet of terraces. The private elevator lobby leads to a gracious entry gallery with double entrances into the living room and planting balcony looking south over Gramercy Park, featuring a divine 17’ x 25’ proportion. Double doors on either end open into the formal dining room and library, and reveal additional windows and a wood-burning fireplace, perfecting every line of vision. The downstairs also features a kitchen with windowed breakfast area, two bedrooms with en-suite baths and a separate media room.

Upstairs is the master’s domain, with a very generous and symmetrical bedroom and fireplace that opens onto remarkable south-facing terraces with spectacular panoramic views. It also features a stunning master bath with windowed shower and bathtub, two walk-in closets and an additional office/boudoir/dressing room – depending on your lifestyle.

As picky as we are here at HotelHomes.com, we definitely consider the penthouse at 50 Gramercy Park North to be one of Pawson and Schrager’s finest creations, and indeed perhaps flawless. Currently on the market for sale at a price of US $16.9 million, the listing is available through The Corcoran Group’s Tim Cass.

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