Park Gramercy is an investor-friendly full service condop (coop with condo rules). Unlimited subletting from day 1, pied- -terres, gifting, and parents buying for or with children allowed. There is no minimum downpayment. For investors, the cap rate is around 3.7%. Welcome home to this spacious, bright alcove studio in a full-service building less than one block from tranquil Gramercy Park. Located on the corner of 22nd and Lexington Avenue, this south and east facing 600sqft apartment features six large windows, hardwood floors, beamed ceilings, a separate dressing area, 3 large closets (2 of the closets are deep enough for double hanging rods, and 1 is a walk-in closet), and a beautiful newly renovated kitchen with stainless steel appliances, including a dishwasher, and ample soft-close cabinetry. The apartment has a through-wall A/C. A king sized bed with nightstands will fit comfortably in the apartment. The living room area fits a large sofa, and the dining alcove allows for a large dining table or a large WFH setup. There is a 24 hour doorman, live-in super, and the lobby has recently been beautifully renovated. The building features a laundry room, bike room, storage, and a huge roof garden with parasol tables, lounge chairs, and expansive Manhattan views. Five blocks from Union Square, this apartment is perfectly situated close to shopping, eateries, and transportation (the NQR, 456, and L trains in Union Square, the 6 train is on 23rd and Park, Citibike stations and buses are nearby). The building is also near multiple grocery stores, including Morton Williams, Trader Joe s, Whole Foods, and Westside Market, multiple Duane Reades, delis, and gyms. This studio apartment has everything you need: - Ideal location: just north of Gramercy Park, close to public transportation (NQR, 456, L trains, Citibike, buses), trendy restaurants, shopping, grocery stores, etc. - Approx 600sqft - Spacious living area large enough to have a full living room set and separate desk/office area - Easily fits king-sized bed - A large dining area - A newly renovated kitchen with stainless steel appliances (incl. dishwasher) - Ample closet space: 3 large closets including a dressing area with walk-in closet - Natural light through six windows (4 of which are south facing) - Very quiet - Stunning Lobby - Elevator building - 24-hr Doorman - Live-in Resident Manager - Laundry in the building - Gorgeous furnished roofdeck with views