Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
242 E 25TH Street #9B
Closed For Sale Condop

$350,000

$492 per sq ft

242 E 25TH Street #9B

Kips Bay, Manhattan

MLS® #RLS20002698

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

1

Bedroom

1

Bath

712

Sq. Ft.

2004

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Living Area 712 sq ft
Year Built 2004
Ownership Condop
HOA/Common Charges $3,597/mo
Neighborhood Kips Bay
Floor 9 of 13

Property Highlights

  • Views: City
  • Exposure: South facing
  • Climate Control: Other

Property Details

Type Condop
Ownership Condop
Total Rooms 3
Baths 1 Full
Floor 9 of 13
View City
Exposure South
Cooling Other
Pets Yes
Year Built 2004
Living Area 712 sq ft
Structure Type HighRise
Basement Other
Parcel # 0905-0035-00242-000-000009B
Block/Lot 00905/0000

Listing History

Event Date Price Change
Listed Feb 11, 2025 $528,000 -
Price Reduced Jun 6, 2025 $398,000 -24.6%
Currently May 1, 2026 $350,000 -12.1%

Description

YES - THIS IS THE REAL PRICE! MOTIVATED SELLER!

Dream apartment for everyone: Welcome home to apartment 9B at 242 East 25th Street, a spacious, true 1 bedroom in an immaculate, and well-run, Condop, (Coop with Condo rules). Whether you are looking for a pied-a terre, an investment property or primary residence, look no further!

South facing, floor to ceiling windows flood the entire apartment with bright light. An open, modern chef's kitchen is wonderfully outfitted with Stainless Steel appliances, Granite countertops and Glass Tile backsplash. A large breakfast bar opens to a generous living room which offers ample space for an additional dining area for both entertaining and quiet dinners. In unit Washer and Dryer, Central Zoned Heating and Cooling, and storage galore.

The building boasts a fitness center and roof deck with skyline city views to complete this wonderful picture. Built in 2005 and designed by architect Stephen B. Jacobs, this 13-story boutique building with 54 units is truly a gem. Conveniently located with easy access to Madison Square Park, East River, Flatiron and Union Square, along with amazing shopping, markets and dining. This pet friendly building allows; investors, co-purchasing, guarantors, and owner as pied-a-terre. The building has a wonderful live-in Superintendent.

Unit currently occupied - please allow 24-hour notice for showings. Lease ends July 2025, with flexibility for early termination to accommodate your needs.

This is a land lease building.

Features & Amenities

Interior Features

Building Other In Unit

Exterior Features

Building Roof Deck Private Outdoor Space Under60 Sqft

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Total Units 54
Stories 13
Structure HighRise

Financial Details

Common Charges $3,597/mo
Original Price $528,000
Sale Price $350,000
Previous Price $398,000
Land Lease Yes

Kips Bay is a relaxed and highly convenient residential neighborhood located on the East Side of Manhattan. Known for its mix of mid-century high-rises and historic brick townhouses, it offers a more approachable price point than its neighbors to the north and south. Residents enjoy proximity to the East River Esplanade, a variety of local dining options, and easy access to the city's major medical centers and Midtown business hubs.

Kips Bay Live Market Data

View Neighborhood

Active Listings

132

Median Asking Price

$848K

Median $/Sqft

$1,450

Avg Days on Market

N/A

New This Week

7

Price Reduced

30%

Sold (30 Days)

18

Median Sale Price

$793K

Live data from RLS at REBNY • Updated 5/1/26, 2:31 PM EST

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Location

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242 E 25TH Street #9B, Kips Bay, New York County

Building Information

Official NYC property records for this building

1895
Year Built
131 years old
2
Floors
M1-1D
Zoning District
NYC Landmark

Tax & Assessment

Assessed Value: $2,213,550
Land Value: $126,000
Exemptions: $2,213,550

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 13,983 SF
Building Area: 14,633 SF
Built FAR: 1.05
Allowed FAR: 1.5

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $3,597 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

The listed interior living area is 712 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2004, making it approximately 22 years old.

This listing is a condop, a hybrid structure where the building is legally a co-op but individual units are sold with greater flexibility, often including subletting rights similar to condos.

Pets are permitted at this property: pets allowed,Building Pets Allowed Comments:pets allowed. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $350,000 for 712 sq ft, the asking price per square foot is approximately $492. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20002698
First Listed: 2/11/2025
On Market: 2/11/2025
Price Changed: 6/6/2025
Closed: 6/3/2025
Contract Date: 2/11/2025

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Lori Huler

Listing Contact: (917) 991-6554

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 6:31 PM UTC

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