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Gramercy Park

Gramcery Park is is the name of both a small, fenced-in private park and the surrounding neighborhood that is referred to also as Gramercy, in the New York City borough of Manhattan in New York, United States.

The approximately 2-acre (0.81 ha) park, located in the Gramercy Park Historic District, is one of two private parks in New York City – the other is Sunnyside Gardens Park in Queens – as well as one of only three in the state; only people residing around the park who pay an annual fee have a key, and the public is not generally allowed in – although the sidewalks of the streets around the park are a popular jogging, strolling and dog-walking route.

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The neighborhood, which is divided between New York City’s Manhattan Community Board 5 and Manhattan Community Board 6, is generally perceived to be a quiet and safe area.

The neighborhood, associated historic district, and park have generally received positive reviews. Calling it “a Victorian gentleman who has refused to die”, Charlotte Devree in The New York Times said that “There is nothing else quite like Gramercy Park in the country.” When the New York City Landmarks Preservation Commission created the Gramercy Park Historic District in 1966, they quoted from John B. Pine’s 1921 book, The Story of Gramercy Park:

Until the late 20th and early 21st century, the neighborhood was considered to be primarily a destination for daytime traders and office workers from around New York City and the surrounding areas. The neighborhood now has a growing number of full-time residents, to an estimated 61,000 residents as of 2018, over double the 23,000 recorded at the 2000 Census, with many buildings being converted from office space to apartments and condominiums after the September 11, 2001 attacks.

Although the term is sometimes used as a synonym for Wall Street, the latter term is often applied metonymously to the financial markets as a whole (and is also a street in the district), whereas “the Financial District” implies an actual geographical location. The Financial District is part of Manhattan Community Board 1, which also includes five other neighborhoods (Battery Park City, Civic Center, Greenwich South, Seaport, and Tribeca).

Federal Hall National Memorial, on the site of the first U.S. Capitol and the first inauguration of George Washington as the first President of the United States, is located at the corner of Wall Street and Nassau Street.

The Financial District has a number of tourist attractions such as the adjacent South Street Seaport Historic District, the New York City Police Museum, and Museum of American Finance. Bowling Green is the starting point of traditional ticker-tape parades on Broadway, where here it is also known as the Canyon of Heroes. The Museum of Jewish Heritage and the Skyscraper Museum are both in adjacent Battery Park City which is also home to the Brookfield Place (formerly World Financial Center).

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