See The Gramercy Park 'Castle' Nobody Wants To Buy

GRAMERCY, NY — A castle-inspired apartment in Gramercy has been on the market for three years and cut its asking price nearly in half, but no potential royalty have chosen to call the apartment home.

This medieval-like home is located on Gramercy Park North, just outside the city's most exclusive private park. The home initially hit the market in 2014 asking for $7 million, according to Curbed New York. Now, three years later, that price has been slashed to $3.75 million.

For more photos of this palatial home, view the complete realtor.com listing here.

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• Address: 44 Gramercy Park N Apt 12A, New York, New York
• Price: $3,750,000
• Square Feet:
• Bedrooms: 2
• Bathrooms: 3 Baths
• Built: 1929
• Features: A grand example of architectural elegance, this rare home is situated high atop the prestigious 44 Gramercy Park North. Originally designed by the notable early twentieth century architecture firm, Schwartz and Gross, 44 Gramercy Park North was built in 1929. The famous residence 12A, with its truly one-of-a-kind features, was designed for and occupied by the original developer of the building. This magnificent property has been featured in numerous design magazines and other publications and was called "an Architectural Masterpiece" by New York Magazine. This special residence features breathtaking views of Gramercy Park with an expansive 88' of south-facing park frontage. In addition, the great room features soaring 18' ceilings with a dramatic double-height window. There are two large bedrooms, two full bathrooms, a powder room and a formal dining room. The great room and dining room are ideal for entertaining, spanning 40-feet by almost 17-feet wide with expansive views of Gramercy Park below and the most magnificent oversized wood-burning fireplace. There is an eat-in-kitchen with pantry and a formal entrance gallery. Both bedrooms have ensuite bathrooms and walk-in closets. To add to the already rare and unique opportunity that exists, the home boasts a 500-square-foot setback terrace with expansive views to the south, north and east. Washer and dryer allowed with board approval. One of the many benefits to ownership is a key to Gramercy Park, Manhattan's only private park. 44 Gramercy Park North is one of the finest cooperatives on the park and a fine example of Neo-Gothic architecture. There is a full-time doorman, central laundry and a live-in resident manager.

This listing originally appeared on realtor.com. For more information and photos, click here.