$299,000
Updated a year ago
Off Market

The Penny Lane

215 East 24th Street, 615

Kips Bay, Manhattan | Third Ave & Second Ave

4 Rooms1 Bed1 Bath1,100 Square FeetCo-op

$299,000
Maintenance$2,055
Price Per SF
$272

Listing Features

  • High Ceilings [12']
  • Flr-to-Clg Windows

Outdoor space and views

  • City Views
  • South Exposure

Building Amenities

  • Full Service
  • Alarm System
  • Bike Storage
  • Courtyard
  • Elevator
  • Garage
  • Laundry Per Floor
  • Renovated Lobby
  • Resident Lounge
  • Roof Deck
  • Storage

Policies


Property Description for 215 East 24th Street, 615

PLEASE READ BEFORE INQUIRING --RENT STABILIZED--INVESTORS ONLY PRIME INVESTMENT OPPORTUNITY--INVESTORS ONLY--The apartment is occupied by a rent stabilized tenant. Rent-stabilization requires automatic renewals and any increases are governed by the Rent Stabilization Board of NY. Shares: 1290 Current Rent: $2,039.42 Current Maintenance: $2,055.74 This rent-stabilized Loft 2-bedroom, 1-bathroom apartment offers an excellent investment opportunity for long term appreciation. The approximate FREE MARKET value of the apartment is $600,000. After the current tenants move out, you will have the option to sell as is or renovate and sell at a larger profit. The apartment is south facing and features 12 ft ceilings with floor to ceiling windows. Currently in estate condition and approximately 1,100 sf including the loft, the apartment provides an excellent space in a thriving neighborhood. Situated on the 6th floor of a full-time doorman/elevator building, this incredible apartment also grants access to the European-style lobby with a concierge and seating area. Additionally, residents can savor breathtaking panoramic city views from the huge roof deck. Convenient amenities include washer/dryer units on each floor, ensuring a comfortable lifestyle. Located in the highly sought-after Gramercy Park-Kips Bay area, this beautiful home immerses you in the vibrant energy of one of NYC’s liveliest neighborhoods. Within a stone’s throw, you’ll find a plethora of local businesses, restaurants, bars, cafes, supermarkets, and shopping options. Commuting is a breeze with proximity to 6/R/W trains and a short walk to F/M/L/Q/N/4/5 and Union Square Station.

Building Details for 215 East 24th Street

OwnershipCo-op
Building TypeLow-Rise
Service LevelFull Service
AgePost-War
AccessElevator
Year Built1977
Financing Allowed80%
Floors/Apts8/179
Learn More About the Building

Transit and Citi Bike

Subway

23 St
0.24 miles
28 St
0.28 miles
23 St
0.4 miles
33 St
0.46 miles

Citi Bike

Lexington Ave & E 24 St
0.12 miles
E 25 St & 2 Ave
0.12 miles

Contact Agents

Contact Agents

Mick DiStasio
Howard Hanna NYC
John Dugan
Howard Hanna NYC
Quincy Dawkins
Howard Hanna NYC

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: 2108132