Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $500,000

· Closed April 25, 2024

242 E 25th Street #9A
Closed For Sale Co-op

$500,000

$508 per sq ft

242 E 25th Street #9A

Kips Bay, Manhattan

MLS® #RLS10985348

RLS at REBNY

Listing by Compass

2

Bedrooms

2

Baths

984

Sq. Ft.

2004

Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 984 sq ft
Year Built 2004
Ownership Co-op
Maintenance $4,218/mo
Neighborhood Kips Bay
Floor 9 of 13

Property Highlights

  • Location: Kips Bay, Manhattan
  • Property Type: Co-op
  • Built: 2004

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 6
Baths 2 Full
Floor 9 of 13
Pets Yes, CatsOk, DogsOk
Year Built 2004
Living Area 984 sq ft
Structure Type HighRise
Flooring Hardwood
Furnished Unfurnished
Parcel # 0905-0035-00242-000-000009A
Block/Lot 00905/0035

Listing History

Event Date Price Change
Listed Aug 7, 2023 $849,000 -
Price Reduced Jun 17, 2024 $529,000 -37.7%
Currently May 5, 2026 $500,000 -5.5%

Description

Please note that there are tenants in place but they can vacate with 60 days notice. Situated in the highly sought-after area at the intersection of Kips Bay and Gramercy, this modern and luxurious residence provides unmatched access to the best of city living. The open-concept living area seamlessly connects the kitchen, dining, and lounging spaces, making it an ideal setting for hosting gatherings with friends and family. The open kitchen includes top-of-the-line stainless steel appliances, ample cabinet space, a dishwasher, and a massive breakfast bar.   This home also boasts two king-sized bedrooms! The primary bedroom includes a walk-in closet and an ensuite bathroom and the second bedroom has two closets as well. Additional features include an in-unit washer/dryer, thru-wall A/C, and hardwood floors throughout.  Enjoy the perks of modern living with an array of building amenities, including a fitness center, a roof deck, a video intercom system, and a part-time doorman. Located a short distance from the 6,N,R trains and Madison Square Park, this home is located right in the middle of two very desirable neighborhoods.  This is a flexible co-op with condo rules so it permits co-purchasing, guarantors, pieds-a-terre, pets, and immediate subletting. 

Features & Amenities

Interior Features

Breakfast Bar Building Washer Dryer Install Allowed Building Multiple Locations Common On Floor Common Area In Unit Flooring: Hardwood

Appliances

Dishwasher

Building Information

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

Financial Details

Maintenance $4,218/mo
Original Price $849,000
Sale Price $500,000
Previous Price $529,000
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

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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242 E 25th Street #9A, Kips Bay, New York County

Floor Plans

Floor Plan 1

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 monthly maintenance are $4,218 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 984 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 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.

At the current list price of $500,000 for 984 sq ft, the asking price per square foot is approximately $508. 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: RLS10985348
First Listed: 10/26/2023
On Market: 8/7/2023
Price Changed: 6/17/2024
Closed: 4/25/2024
Contract Date: 7/19/2023

Listing Courtesy of Compass - Brandon Trentham

Listing Contact: (917) 573-6210

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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