Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $575,000

Listed at $595,000 · Sold 3.4% below asking · Closed April 23, 2024

215 E 24TH Street #507
Closed For Sale Co-op

$595,000

215 E 24TH Street #507

Kips Bay, Manhattan

The Penny Lane

MLS® #RLS10951876

RLS at REBNY

Listing by Brown Harris Stevens Residential Sales LLC

1

Bedroom

1

Bath

N/A

Sq. Ft.

1977

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1977
Ownership Co-op
Maintenance $212,468/mo
Parking Garage
Neighborhood Kips Bay
Floor 7 of 7

Property Highlights

  • Climate Control: Other
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 4
Baths 1 Full
Floor 7 of 7
Cooling Other
Pets Yes
Year Built 1977
Parking Garage Available
Structure Type HighRise
Basement Other
Parcel # 0905-0006-00215-000-0000507
Block/Lot 00905/0006

Listing History

Event Date Price Change
Listed Feb 9, 2023 $750,000 -
Price Reduced Nov 22, 2023 $625,000 -16.7%
Currently May 5, 2026 $595,000 -4.8%

Description


Voluminous sun-flooded triplex in the heart of Kip's Bay!

Ceiling heights in the lofted sleeping area are 7'2"!

This recently renovated space has a new kitchen featuring brand new stainless steel appliances, marble countertops and backsplash, custom cabinets, and lots of storage. The dining foyer is the perfect space for a sizable table with accompanying chairs.

The living room feels enormous with large South-facing windows and 16' ceilings. Adjacent to the living room is also a sunny private balcony. The bathroom was also recently renovated.

The upstairs sleeping area also has good ceiling heights and is huge at 17'9" x 15'5". There is also a massive amount of storage in the apartment- 6 closets in total, several of them quite large.

The Penny Lane is one of Kips Bay's most desirable cooperative buildings. It features a large roof deck with panoramic city views, storage, bike storage, garage with discounted parking, a live-in superintendent, 24-hour doorman, and laundry room on every floor.

Features & Amenities

Interior Features

Smoke Free Common On Floor

Exterior Features

Building Roof Deck Private Outdoor Space Under60 Sqft

Building Information

Building The Penny Lane
Building Data View Compliance & Permits
Total Units 180
Stories 7
Structure HighRise

Financial Details

Maintenance $212,468/mo
Original Price $750,000
Sale Price $575,000
Previous Price $625,000

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

131

Median Asking Price

$850K

Median $/Sqft

$1,471

Avg Days on Market

N/A

New This Week

10

Price Reduced

30%

Sold (30 Days)

21

Median Sale Price

$800K

Live data from RLS at REBNY • Updated 5/5/26, 6:45 PM EST

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Location

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215 E 24TH Street #507, Kips Bay, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1910
Year Built
116 years old
2
Floors
3
Residential Units
M1-2D
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $86,820
Land Value: $18,720
Exemptions: $0

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

Lot Area: 1,878 SF
Building Area: 1,620 SF
Built FAR: 0.86
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 monthly maintenance are $212,468 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1977, making it approximately 49 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

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: RLS10951876
First Listed: 2/9/2023
On Market: 2/9/2023
Price Changed: 11/22/2023
Closed: 4/23/2024
Contract Date: 2/9/2023

Listing Courtesy of Brown Harris Stevens Residential Sales LLC - Gage Rand

Listing Contact: (212) 317-3656

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 5/5/2026 at 10:45 PM UTC

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