Updated 4 days ago
In contract

The Penny Lane

215 East 24th Street, 721

Kips Bay, Manhattan | Third Ave & Second Ave

3 Rooms1 Bed1 BathCo-op

$500,000
Maintenance$2,033

Listing Features

  • French Doors
  • Home Office
  • Dishwasher
  • S Steel Appliances

Outdoor space and views

  • Balcony

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, 721

Residence 721 at Penny Lane is a bright and flexible one-bedroom simplex, currently configured as a two-bedroom with French doors. Located on the 7th floor, the home features open views and excellent natural light throughout.

The renovated kitchen offers stone countertops and ample cabinetry, flowing seamlessly into the living area. The bathroom has also been updated with clean, modern finishes. The adaptable layout provides space for a second bedroom, home office, or nursery.

Penny Lane, a former ice cream factory, is a full-service cooperative with a distinctive London-inspired lobby. Amenities include a 24-hour doorman, live-in superintendent, on-site garage, bike storage, package room, video security, and two laundry rooms per floor. The expansive planted roof deck showcases sweeping skyline views, including the Chrysler, MetLife, and Empire State Buildings.

Ideally located near Gramercy Park and the Flatiron District, just two blocks from the 6 train, and surrounded by excellent dining and shopping.

Co-purchasing, guarantors, and subletting after two years (with board approval) permitted. Sorry, no dogs.

The capital assessment of $761.21 will be in place through December 2029 to fund the co-op's Local Law 11 project.

Listing History for 215 East 24th Street, 721

Now
07/09/2026
Contract Signed by David E. Perry
Brown Harris Stevens
04/21/2026
$500,000
Initial Price by David E. Perry
Brown Harris Stevens

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 Agent

Contact Agent

Licensed As
David E. Perry
Associate Broker
License#:
10301205775
Company:
Brown Harris Stevens
David E. Perry
Brown Harris Stevens
View this property on the company's website

Building Availability

APPSF
Median
Average
-
$392,500
$392,500
-
$500,000
$500,000
Last 12 months
$455
-
-
Last 12 months
$88
-
-

One Bed in Kips Bay

APPSF
Median
Average
$1,358
$710,000
$903,022
$1,625
$995,000
$968,929

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: 2175833