From Luxury Rentals Manhattan:

Gramercy Park, a sedate rectangle of green space, is accessible only to residents of the 39 buildings facing the park, and even they have to pay for their keys. Gramercy the neighborhood, though, is one of Manhattan's most accessible, elegant and understatedly luxurious residential neighborhoods. Defined by its lovely pre-war architecture, tree-lined streets and relaxed, gracious air, Gramercy is home to some of the finest apartments for rent in Manhattan. Whether you have keys to Gramercy Park itself or not, and whether you choose to call the neighborhood Gramercy or Gramercy Park, this much is inarguably true: the neighborhood which is bordered on the west by Park Avenue South and the East River on the east, and by 14th Street on the south and 23rd Street to the north, is a true New York gem.

The apartments for rent in Gramercy embody the understated elegance and quiet grace that define the neighborhood itself. The buildings themselves run from the stately pre-war rental apartments at 88 Lexington Avenue and Park 23 to the luxurious loft-style rental units at Lex Lofts to the contemporary luxury of the rental flats at Post Luminaria, a new-construction high-rise rental tower. As diverse as Gramercy's rentals are, though, every rental opportunity in Gramercy meets a high standard for luxury, convenience and style.

Gramercy's quiet, shady streets are home to numerous hidden gems. Luxurious boutiques and shopping are tucked away on sedate blocks, and Gramercy is also home to a disproportionate number of the city's finest restaurants -- from Michelin-starred New American restaurants to unpretentious burger joints (including the famed Shake Shack in Madison Square Park) to equally unpretentious tapas spots (owned, naturally, by acclaimed chefs). Gramercy Park is also rich in charmingly low-key bars and coffeeshops as well as, perhaps surprisingly, one of the city's premier live music venues in the Fillmore at Irving Plaza. For those with an active lifestyle, Gramercy offers a decent variety of choices, starting from full service health clubs to exotic yoga and martial arts studios, one of which is NYC Karate Dojo, a fine school of Shotokan Karate providing free lessons to all students living in Manhattan. Mass transit, and thus the rest of the city, isn't far away, either -- one of Manhattan's major subway hubs is just a short walk away at Union Square. There's a lot to discover in Gramercy Park, even if you don't have keys to the Gramercy Park.

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