Gramercy Park is characterized by its historic brownstones, quiet streets, and the exclusive private park accessible only to residents with keys. The neighborhood's tranquil atmosphere and refined charm make it an oasis amidst the city's hustle and bustle. Upscale dining, refined cafes, and boutique shops add to the area's appeal. The sense of community is strong, with residents enjoying local events and the exclusive access to Gramercy Park.

The housing market in Gramercy Park features a variety of options, from historic townhouses and elegant brownstones to luxury apartments. The area is known for its well-preserved architecture and high-end residences. Housing prices can be high, reflecting the exclusivity and prime location of the neighborhood. Many homes offer views of or access to the private park, adding to their appeal and value. Gramercy Park's central location provides convenient access to other parts of Manhattan while maintaining a peaceful and refined atmosphere. The combination of historic elegance, exclusivity, and modern conveniences makes Gramercy Park a highly desirable area for those seeking an upscale urban living experience.