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Gramercy, Murray Hill & Turtle Bay Commercial Real Estate

Crezly tracks 268 recorded commercial and multifamily property sales in Gramercy, Murray Hill & Turtle Bay, Manhattan. The median recorded sale price is $5.28M, or about $883 per square foot. An estimated $2.89B in mortgage debt is secured against tracked properties in this neighborhood.

Market snapshot

268Recorded sales
$5.28MMedian sale price
$883Median $/sf
$2.89BEst. outstanding debt

Recent recorded sales

AddressRecordedPrice$/sf
246 EAST 53RD STREET2026-04-30$15.2M$1,177map ›
130 EAST 37TH STREET2026-04-30$8.5M$1,526map ›
842 SECOND AVENUE2026-04-27$1.7M$1,349map ›
349 EAST 51ST STREET2026-04-24$3.18M$309map ›
113 EAST 19 STREET2026-04-22$6M$2,273map ›
323 EAST 14TH STREET2026-04-20$3.35M$413map ›
209 EAST 48TH STREET2026-04-03$3.3M$966map ›
283 3 AVENUE2026-04-03$2.48M$288map ›
287 3 AVENUE2026-04-03$1.98M$362map ›
217 EAST 31ST STREET2026-03-23$4.06M$1,218map ›
234 EAST 52 STREET2026-03-10$8.5M$469map ›
330 EAST 51 STREET2026-03-05$6.85M$1,099map ›

Top property owners

OwnerPropertiesEst. debt
2GC OWNERS, LLC1$177.45M
NEW YORK UNIVERSITY1$136.5M
909 THIRD HOLDING LLC1$124.59M
780 3RD OWNERS, LLC1$115.05M
LEXINGTON HOTEL OWNER LLC1$112.75M
REEP-OFC 757 THIRD AVENUE NY LLC1$112.51M
YS 541 LEXINGTON OWNER LLC1$100.73M
235 FEE OWNER LLC1$91M
THE NEW SCHOOL1$80.93M
GRAMERCY E 22ND OWNER LLC1$67.93M

Asset classes

Recorded sales in Gramercy, Murray Hill & Turtle Bay by property class: AP (76), Commercial/Office (74), Elevator Apartments (45), Elevator Apartments (21), F1 (17), D3 (9).

Frequently asked questions

How much does commercial real estate cost in Gramercy, Murray Hill & Turtle Bay?
Across 268 recorded sales in Gramercy, Murray Hill & Turtle Bay, Manhattan, the median price is $5.28M, or roughly $883 per square foot.

Who are the largest property owners in Gramercy, Murray Hill & Turtle Bay?
The most exposed owners by estimated debt include 2GC OWNERS, LLC and NEW YORK UNIVERSITY. Crezly tracks their full NYC portfolios.

How much CRE debt is there in Gramercy, Murray Hill & Turtle Bay?
Crezly estimates about $2.89B in outstanding mortgage debt secured against tracked commercial and multifamily properties in Gramercy, Murray Hill & Turtle Bay.

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Compiled by Crezly from New York City public records (ACRIS deeds & mortgages, PLUTO). Neighborhoods follow NYC Community District boundaries. Figures are estimates and may not reflect the most recent transactions. Not legal, financial or investment advice.