Gramercy Park Eagan Cost Chart
These Membership and Monthly Carrying Costs are effective from April 1, 2023 through March 31, 2024.-There are two primary costs involved in joining the Cooperative –
- Membership Cost is the one-time payment to purchase a share in the Cooperative, scaled according to the size of the home being purchased.
- Monthly Carrying Charge is a 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 Plan | Unit Description | Sq Ft* | # of Units | Membership Share as of 4/1/23 | Monthly Carrying Charge 4/1/23 | 1% Equity as of 3/31/23 |
|---|---|---|---|---|---|---|
| ASPEN | 1 BD - 1 BA | 683 | 3 | $47,595 | $853 | $780 |
| SYCAMORE | 1 BD - 1 BA | 915 | 6 | $63,357 | $1,144 | $1,043 |
| CYPRESS | 2 BD - 1.5 BA | 992 | 18 | $69,063 | $1,241 | $1,132 |
| LAUREL | 2 BD - 2 BA | 1,064 | 9 | $73,785 | $1,330 | $1,215 |
| HAWTHORNE | 2 BD - 2 BA | 1,100 | 6 | $76,344 | $1,375 | $1,256 |
| HICKORY | 2 BD - 2 BA | 1,203 | 3 | $83,514 | $1,503 | $1,371 |
| WILLOW | 2 BD - 2 BA | 1,237 | 12 | $85,863 | $1,546 | $1,412 |
| ROSE | 2 BD/ 2 BA/Den | 1,546 | 3 | $107,460 | $1,932 | $1,765 |
| LILY | 2 BD/ 2 BA/Den | 1,708 | 6 | $114,228 | $2,134 | $1,947 |
| OAK | 3 BD - 2 BA | 1,778 | 3 | $121,170 | $2,223 | $2,030 |
*Estimated- actual square footage may vary.
+Annual 1% equity is added to the Membership share cost at end of Fiscal year.
Gramercy Park of Eagan has 69 apartment homes, including 1-, 2- and 3-bedroom floor plans.