$582,500
Updated 8 years ago
Sold

242 East 25th Street, 9-C

Kips Bay, Manhattan | Third Ave & Second Ave

Alcove Studio 1 Bath549 Square FeetCondop

$582,500
Price Per SF
$1,061

This property was sold for $582,500 on 08/23/18.

Listing Features

  • Custom Closets
  • High Ceilings
  • Walk-in Closet
  • Wall Mounted TV
  • Washer / Dryer
  • Flr-to-Clg Windows
  • New Windows
  • Noise Abate Wdws
  • Dishwasher
  • Microwave
  • Open Kitchen
  • S Steel Appliances
  • Separate Kitchen
  • Trash Compactor

Outdoor space and views

  • City Views
  • Empire State Bldg
  • North Exposure

Building Amenities

  • Part-Time Doorman
  • Bike Storage
  • Elevator
  • Fitness Facility
  • Laundry Per Floor
  • Roof Deck
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 242 East 25th Street, 9-C

Great investment opportunity! Building built in 2004! Amazing Views! This is not a Coop it is a Condop, similar to a Condo. You can rent from day one, and rent it for as long as you want. This unit can rent for around $3200 to $3300 a month with a great cap rate. You will not find a Condo like this in the neighborhood in this price range! 50% tax deductible from monthly maintenance! Video Link: https://youtu.be/NeMASnZ7XMU Also great as a primary residence! This apartment faces North and has tons of natural light. It has an open layout kitchen with stainless steel appliances, granite countertops, and breakfast bar. Easily socialize with people in the living room or enjoy some TV while cooking. Sleeping area can be easily converted into a bedroom. The alcove area currently has sliding doors making it easy to go with either open or closed options. In addition, the unit features a full-size LG washer/dryer. There is enough space in the living area for an oversized couch, coffee table and much more. The apartment also has two large California Closets, one of them being a walk-in. Enjoy direct Empire State views from the living room and bedroom!!! The building has great amenities including a part-time doorman, 360 degrees views from the roof deck, state of art gym on the first floor, as well as available storage, laundry room, and bike racks. In regards to transportation, you are less than 5 minutes away from the trains, which takes you to Midtown and Downtown in less than 10 minutes. The neighborhood is filled with great restaurants. You are also close to Madison Square Park, which is great if you want to take a break from the busy atmosphere and enjoy some peace and quiet. If interested in viewing property, please reach out to us for a private showing.

Building Details for 242 East 25th Street

OwnershipCondop
Building TypeMid-Rise
Service LevelPart-Time Doorman
AgePost-War
AccessElevator
Year Built2005
Financing Allowed80%
Floors/Apts13/54
Learn More About the Building

Transit and Citi Bike

Subway

23 St
0.28 miles
28 St
0.29 miles
23 St
0.44 miles
33 St
0.45 miles

Citi Bike

E 25 St & 2 Ave
0.09 miles
Lexington Ave & E 24 St
0.15 miles

Contact Agents

Contact Agents

Kips Bay | Manhattan

Quick Profile

If you take a walk through Kips Bay, which is loosely defined as the area between 23rd street and 34th street and the East River to almost Lexington, you’ll quickly learn it's a hodgepodge of sorts and not as well defined as other neighborhoods in New York City. Some New Yorkers say Kips Bay has an identity crisis because 1st, 2nd, and 3rd avenues are distinctly different from one another as you traverse them. Despite the perceived lack of neighborhood vibe there are others that appreciate its affordability and convenience.  

First Avenue is dominated by hospitals and hospital buildings such as NYU Medical Center and Bellevue Hospital to name a few. Second Avenue is a mosaic of convenience stores, fast food joints and nondescript brick buildings. Third Avenue is saturated with small bars and gastropubs and the twenty somethings that patronize them. 

No judgement against Kips Bay here. It’s a great neighborhood that is just as much a part of New York City as any other neighborhood. Kips Bay It’s bordered by Murray Hill to the North, Stuyvesant Town and Gramercy Park to the South, and Rose Hill to the West. The neighborhood is partly defined by newer high-rise apartments, brick rowhouses, and former tenement buildings. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1642518