$12,495,000
Updated 7 years ago
Off Market

229 East 24th Street

Kips Bay, Manhattan | Third Ave & Second Ave

40 Rooms20 Beds15 Baths13,542 Square FeetIncome Property

$12,495,000
floors / apts9 / 10
ZoneR8B
Building TypeLow-Rise
RE Taxes$149,148
Price Per SF
$923

Building Amenities

  • Video Intercom
  • Garden
  • Keyed Elevator
  • Laundry Room
  • Roof Deck
  • Storage

Property Description for 229 East 24th Street

Bulk purchase of 10 unit condo building. 229 East 24th Street is a boutique condominium building with a spacious roof deck and great Midtown views, located between Third and Second Avenue. Centrally located in Gramercy Park around the corner from three major colleges and universities including NYU, Baruch and SVA. These units rent out quickly without any issues and collect anywhere from $2,900 per month to $7,500 per month. The units range in size from 500sqft to full 1,200sqft apartments with private keyed elevator, and have such amenities as open views, private garden and private roof-deck. The purchaser will control the board by owning all 10 condo units.

Listing History for 229 East 24th Street

Now
11/20/2019
TOM by Dylan Hoffman
Compass
09/13/2019
$12,495,000
Initial Price by Dylan Hoffman
Compass

Building Details for 229 East 24th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessKeyed Elevator
Year Built1984
Financing Allowed90%
Floors/Apts9/10
Learn More About the Building

Transit and Citi Bike

Subway

23 St
0.25 miles
28 St
0.29 miles
23 St
0.42 miles
33 St
0.47 miles
3 Av
0.5 miles

Citi Bike

E 25 St & 2 Ave
0.11 miles
Lexington Ave & E 24 St
0.14 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: 77227TH