$400,000
Updated 3 years ago
Off Market

242 East 25th Street, 2-D

Kips Bay, Manhattan | Third Ave & Second Ave

Alcove Studio 1 Bath525 Square FeetCondop

$400,000
Price Per SF
$762

Listing Features

  • Abundant Closets
  • Hardwood Floors
  • High Ceilings
  • Walk-in Closet
  • Washer / Dryer
  • Flr-to-Clg Windows
  • Dishwasher
  • Galley
  • Microwave
  • Open Kitchen
  • Pullman Kitchen
  • S Steel Appliances

Outdoor space and views

  • 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, 2-D

Spacious Alcove Studio with Rare In-Unit Washer/Dryer! Discover the perfect Manhattan retreat in Kips Bay! This alcove studio is in mint condition featuring: - Open Kitchen with stainless steel appliances, granite counters and ample cabinets: A chef's dream. - Abundant Closet Space: Stay organized effortlessly. - In-Unit Washer/Dryer: A rare amenity in Manhattan, esp. in a studio. - Tranquil North-Facing Views thru floor to ceiling windows: Enjoy abundant light and tree-top vistas. Residents have access to a range of amenities, including a fitness center, rooftop terrace with panoramic views, live-in super and a part-time doorman (8AM-midnight), ensuring both convenience and security. The building operates like a condo allowing investors, guarantors, pied-a-terres, parents buying with/for children and pets. Perfectly located near Gramercy, NoMad and Flatiron with easy access to the 6 train, M23 bus, great dining, and shopping. An incredible value where similar units in the area go for over $100,000. Don't miss out on this great opportunity to own a piece of Manhattan luxury at an affordable price. Contact us today! *$500/mo credit for 18 months totaling $9,000 towards maintenance paid at closing. Regular maintenance $1891.20/mo. **Also for rent at $3500/month

Listing History for 242 East 25th Street, 2-D

Now
11/07/2023
POM by Jaylon Brigham
Compass
10/24/2023
$400,000 [-$75,000] [15.8%]
Price Drop by Jaylon Brigham
Compass

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

Licensed As
Colleen Cassel
Salesperson
License#:
10401362970
Company:
Compass

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: 257877