$750,000
Updated 6 months ago
Sold

The Penny Lane

215 East 24th Street, 602

Kips Bay, Manhattan | Third Ave & Second Ave

3 Rooms1 Bed1 BathCo-op

$750,000
Maintenance$1,914

This property was sold for $750,000 on 02/25/26.

Listing Features

  • Duplex
  • Recessed Lighting
  • Dishwasher
  • Open Kitchen

Outdoor space and views

  • Juliet Balcony
  • Terrace
  • City Views
  • Empire State Bldg
  • North 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, 602

Rare Gramercy One-Bedroom Duplex with Private Terrace & Designer Renovations at The Penny Lane Residence #602 offers the ultimate indoor/outdoor lifestyle with a 13’x22’ private covered terrace and stunning city views. The upper-level bedroom opens onto the terrace through floor-to-ceiling glass doors, while the lower-level living area features a charming Juliet balcony, bathing the home in natural light. An open-concept design makes the home feel light and airy, seamlessly integrating the living, dining, and kitchen areas. Renovated for modern luxury, the home boasts solid wood floors, a chef’s kitchen with custom cabinetry, Caesarstone quartz countertops, and Fisher & Paykel and Bosch appliances. The spa-inspired bathroom showcases Italian porcelain tile by Saime Ceramiche and a Robern mirrored cabinet. Additional highlights include recessed lighting and extra-deep closets. Located at 215 East 24th Street, The Penny Lane is a Tudor-inspired postwar co-op with a storybook London street–style lobby, 24-hour doorman, live-in superintendent, on-site garage, bike and storage rooms, and two laundry rooms on every floor. Residents enjoy an expansive, furnished roof deck with panoramic views of the Chrysler, MetLife, and Empire State Buildings. Set on a quiet, tree-lined block at the crossroads of Kips Bay, Gramercy, and Flatiron, the building offers easy access to top restaurants, shopping, nightlife, Gramercy Park, Madison Square Park, and Union Square Greenmarket. Transportation is outstanding, with the 6, N/R/W, and L subway lines, multiple bus routes, CitiBike stations, and East River Ferry landings nearby. Flexible ownership policies include co-purchasing, gifting, pieds-à-terre, and subletting after two years (for up to six years). Cats and service dogs are welcome.

Listing History for 215 East 24th Street, 602

Now
02/28/2026
$750,000
Sold and Closed by Alex Mahgoub
Compass
2026

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
0.26 miles
28 St
0.29 miles
23 St
0.42 miles
33 St
0.47 miles

Citi Bike

E 25 St & 2 Ave
0.1 miles
Lexington Ave & E 24 St
0.14 miles

Contact Agents

Contact Agents

Licensed As
Martin N. Eiden
Broker
License#:
10301206241
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: 40088