$520,000
Updated 8 months ago
Off Market

Tracy Towers

245 East 24th Street, 12-F

Kips Bay, Manhattan | Third Ave & Second Ave

Alcove Studio 1 BathCo-op

$520,000
Maintenance$1,420

Listing Features

  • Hardwood Floors
  • Walk-in Closet
  • Dishwasher
  • Open Kitchen

Outdoor space and views

  • Skyline Views
  • East Exposure
  • South Exposure

Building Amenities

  • Full-Time Doorman
  • Bike Storage
  • Elevator
  • Garage
  • Laundry Room
  • Renovated Lobby
  • Roof Deck
  • Storage

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 245 East 24th Street, 12-F

Welcome to your next home at Tracy Towers, a well-loved, full-service co-op in the heart of Kips Bay. This spacious alcove studio is the largest in the building, offering the kind of flexibility rarely found in a studio. There’s more than enough room for a king-sized bed, and if you’re craving a little more privacy, it can easily be converted into a true one-bedroom. The apartment has been thoughtfully renovated, starting with a gut-renovated kitchen — including all new plumbing and premium appliances. You’ll cook like a pro with a Fisher & Paykel range, Beko fridge with an ice maker, and a sleek Bosch dishwasher. Storage won’t be a problem either, thanks to 16 deep, soft-close cabinets that make the most of the space. The bathroom is equally refreshed, featuring a brand new rainshower head for a little spa-like indulgence at home. Beyond the apartment, Tracy Towers offers all the comforts of a well-maintained cooperative. You’ll have 24-hour doorman service, a live-in superintendent, and convenient amenities like central laundry, a bike room, and two large storage rooms with reasonably priced unit options. And the rooftop garden? It’s a true highlight — recently furnished and offering gorgeous skyline views that make it the perfect spot to unwind. Location-wise it doesn't get much better. You’re perfectly positioned in Kips Bay with easy access to Gramercy, NoMad, Flatiron, and all the best downtown neighborhoods. A brand new Whole Foods Market recently opened at 28th and Madison, bringing even more convenience to the area. Trader Joe’s, Fairway, and the Kips Bay AMC are all nearby, and you’re just minutes from the green spaces of Madison Square Park, Union Square, and Stuyvesant Square. Commuting is a breeze with the 6, N/R/W, and L trains close by, along with excellent bus service. Tracy Towers is pet-friendly and flexible — allowing pieds-à-terre, co-purchasing, and parents buying for children, with subletting permitted after two years (with board approval). Whether you're looking for your first home, a smart investment, or a flexible city pied-à-terre, this bright and beautifully updated alcove studio offers space, style, and unbeatable convenience. There is currently a capital assessment of $132 set to expire October 31, 2028

Listing History for 245 East 24th Street, 12-F

Now
12/12/2025
TOM by Jared Blumberg
Compass
10/29/2025
$520,000 [-$20,000] [3.7%]
Price Drop by Jared Blumberg
Compass

Building Details for 245 East 24th Street

OwnershipCo-op
Building TypeMid-Rise
Service LevelFull-Time Doorman
AgePost-War
AccessElevator
Year Built1961
Financing Allowed75%
Floors/Apts17/161
Learn More About the Building

Transit and Citi Bike

Subway

23 St
0.32 miles
28 St
0.35 miles
23 St
0.49 miles

Citi Bike

E 25 St & 2 Ave
0.05 miles
E 22 St & 2 Ave
0.12 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: 1355000