Gramercy Park of Eagan Cost Chart

These Membership and Monthly Carrying Costs are effective from April 1, 2024 through March 31, 2025.

There are two primary costs involved in joining the Cooperative:

1. Membership Cost is the initial one-time payment to purchase a share in the Cooperative, scaled according to the size of the home being purchased.

2. Monthly Carrying Charge is the monthly payment, also scaled according to the size of the home, which pays for the mortgage, real estate taxes, operating expenses, lender-required reserves, interior & exterior maintenance, heat, electricity, water, sewer, trash, recycling, cable TV, internet, phone & heated underground parking with secure storage unit.

Floor PlanUnit DescriptionSq Ft*# of UnitsMembership Share
as of 4/1/24
Monthly Carrying
Charge 4/1/24
1% Equity
as of 3/31/24
ASPEN1 BD - 1 BA6833$48,375$878$780
SYCAMORE1 BD - 1 BA9156$64,400$1,176$1,043
CYPRESS2 BD - 1.5 BA99218$70,195$1,275$1,132
LAUREL2 BD - 2 BA1,0649$75,000$1,367$1,215
HAWTHORNE2 BD - 2 BA1,1006$77,600$1,414$1,256
HICKORY2 BD - 2 BA1,2033$84,885$1,546$1,371
WILLOW2 BD - 2 BA1,23712$87,275$1,590$1,412
ROSE2 BD - 2 BA - Den1,5463$109,225$1,987$1,765
LILY2 BD - 2 BA - Den1,7086$116,175$2,195$1,947
OAK3 BD - 2 BA1,7783$123,200$2,285$2,030

*Estimated- actual square footage may vary.

+Annual 1% equity is added to the Membership Share at end of the Fiscal year.

Gramercy Park of Eagan has 69 apartment homes, including 1-, 2- and 3-bedroom floor plans.

Anyone of any age can be on the waitlist with only a $500 deposit. When you become 62 years of age, you are eligible to purchase an available membership.

A portion of your monthly payments consisting of taxes and mortgage interest is deductible on your state and federal income taxes.