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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON MAY 23 2025 AT 8:22 AM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

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1 Gracie Ter PHA

new york, NY 10028

$1,750,000

  • 3 BR
    3 BA
    APPROX. 222,200 SF
  • contract signed

INTERESTED? LET'S CONNECT

Unleash the Full Potential of a Penthouse Gem at 1 Gracie Terrace

Nestled at the prestigious intersection of East End Avenue and East River Drive, 1 Gracie Terrace presents an extraordinary opportunity to create a showstopping penthouse in one of Manhattan’s most sophisticated and exclusive enclaves. Located on a serene cul-de-sac in the Upper East Side, this residence offers boundless potential for a discerning buyer with vision and a keen eye for design.

Perched atop a distinguished co-op, this expansive 3100+ sqft home (2141 sqft interior + 962 sqft exterior) boasts an incredible wraparound terrace, offering breathtaking panoramic views of the East River and city skyline. Imagine transforming this outdoor sanctuary into an entertainer’s dream—complete with lush landscaping, elegant seating areas, and seamless indoor-outdoor living. Inside, the spacious floor plan offers three bedrooms and three bathrooms, providing ample space for luxurious living. The third bedroom is a versatile space, perfect as a home office or guest suite. Picture soaring ceilings, custom millwork, and designer finishes tailored to your unique aesthetic.

The Primary Suite offers generous proportions, immense closet space, and an oversized en-suite Bathroom. The secondary Bedrooms, including a flexible home office or third bedroom, can be reconfigured to suit modern luxury living. An in-unit washer/dryer adds an extra level of convenience. The Kitchen is renovated with custom cabinetry, state-of-the-art appliances, and sleek finishes, but offers further possibilities for expansion and reinvention.

This full-service, pet-friendly cooperative offers a suite of luxury amenities, including:

• A spacious, fully equipped gym, available free of charge to shareholders
• A 24-hour doorman, full-time porter and live-in resident manager
• A courtyard seating area for residents to unwind
• A bike room and on-site garage (additional charge) for convenience
• Laundry facilities in the basement
• Additional storage cages for residents
• Newly redecorated hallways and upgraded elevators that elevate the building’s elegance

Set just moments from the charming Carl Schurz Park, the East River Promenade, and the finest dining and cultural institutions of the Upper East Side, this location offers a rare blend of tranquility and urban accessibility. The building permits pied a terres and co-purchasing. There is a 2% flip tax payable by buyer.

Some photos are virtually staged.

Details

222,200 Sq Ft

0.37 Private Acres Exterior Space

Co-op

$10,151 Monthly Maintenance/CC

Built in 1952

MLS/Listing ID RLS20004636

One Gracie Terrace

159 Units

Amenities & Features

Doorman

Terrace

Elevators

City View

Laundry Room

Dishwasher

Balcony

Building Terrace

Water View

Common Area

Unfurnished

Hardwood

Washer

Dryer

Pets Allowed

Listing Courtesy of SOTHEBYS INTERNATIONAL REALTY, KEVIN B BROWN - 212-606-7748

REBNY

Source of Data: REAL ESTATE BOARD OF NEW YORK

Interested in 1 Gracie Ter PHA?

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.

©2025 The Real Estate Board of New York, Inc., All rights reserved.