Updated 7 years ago
Sold
242 East 25th Street, 4-B
Kips Bay, Manhattan | Third Ave & Second Ave
3 Rooms1 Bed1 Bath712 Square FeetCondop
$785,000
Price Per SF
$1,103
This property was sold for $740,000 on 07/24/19.
Listing Features
- Abundant Closets
- Galley Kitchen
- Security System
- Walk-in Closet
- Washer / Dryer
- Flr-to-Clg Windows
- New Windows
- Dishwasher
- Gourmet Kitchen
- Microwave
- Open Kitchen
- S Steel Appliances
- Marble Bathroom
Outdoor space and views
- City Views
- South 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, 4-B
This building operates like a CONDO and permits investors, co-purchasers, guarantors, pied-a-terres, pets and immediate subletting. No board interview required and up to 90% financing permitted. Bright and spacious one bedroom residence. This open, south-facing home captures natural light through oversized floor-to-ceiling windows. Arrive through a formal entry gallery into a generously proportioned open living room with beautiful hardwood floors. The chef's kitchen features a large breakfast bar that overlooks the living area and is handsomely outfitted with granite countertops, dishwasher and stainless steel appliances. The spacious bedroom enjoys ample closet space. The in unit washer/dryer adds convenience. Monthly maintenance shown reflects a seller closing credit of $1000 per month for the first year. Current tenant paying below-market rent $3500 per month. Apartment can be delivered vacant or with income producing tenant in place. 242 East 25th Street is a boutique luxury condop attended by a doorman. Residents enjoy access to a gym, roof deck, bike room, storage room, and the convenience of a live-in super.
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
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
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: 259592
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