For the last year and a half, the East 23rd Street structure has been used by the Museum of Modern Art for its film program, which went homeless when MOMA's midtown home was closed for a long-planned architectural renovation. Up until the mid-90s, the Gramercy was a home for art films. It then enjoyed a brief life as an Off-Broadway stage, first welcoming commercial productions such as Dinah Was, then serving as a temporary address for the Roundabout Theatre Company. At the 499-seat space, the nonprofit presented the American premiere of Pinter's Ashes to Ashes with Lindsay Duncan and David Strathairn; Brian Friel's Give Me Your Answer, Do! with John Glover and Kate Burton; Richard Greenberg's Hurrah at Last with Peter Frechette; Shaw's Arms and the Man with Katie Finneran; Neil Simon's Hotel Suite; O'Casey's Juno and the Paycock; Charles Randolph Wright's Blue; McDonagh's A Skull in Connemara; Andrew Bovill's Speaking in Tongues; and Richard Greenberg's The Dazzle with Peter Frechette and Reg Rogers.

The Roundabout's last production at the Gramercy, a revival of Edward Albee's All Over, closed Sept. 1, 2002.

The Gramercy is owned by theatrical producers Chase Mishkin, Steven M. Levy and Leonard Soloway.