Gramercy Park Cost Chart
These Membership and Monthly Carrying Costs are effective from April 1, 2022 through March 31, 2023.
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 4/1/22 | Monthly Carrying Charge 4/1/22 | 1% Equity as of 3/31/22 |
|---|---|---|---|---|---|---|
| ASPEN | 1 BD - 1 BA | 683 | 3 | $46,815 | $785 | $780 |
| SYCAMORE | 1 BD - 1 BA | 915 | 6 | $62,314 | $1,052 | $1,043 |
| CYPRESS | 2 BD - 1.5 BA | 992 | 18 | $67,931 | $1,142 | $1,132 |
| LAUREL | 2 BD - 2 BA | 1,064 | 9 | $72,570 | $1,224 | $1,215 |
| HAWTHORNE | 2 BD - 2 BA | 1,100 | 6 | $75,088 | $1,265 | $1,256 |
| HICKORY | 2 BD - 2 BA | 1,203 | 3 | $82,143 | $1,383 | $1,371 |
| WILLOW | 2 BD - 2 BA | 1,237 | 12 | $84,451 | $1,422 | $1,412 |
| ROSE | 2 BD/ 2 BA/Den | 1,546 | 3 | $105,695 | $1,777 | $1,765 |
| LILY | 2 BD/ 2 BA/Den | 1,708 | 6 | $112,281 | $1,963 | $1,947 |
| OAK | 3 BD - 2 BA | 1,778 | 3 | $119,140 | $2,045 | $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.