SOLD FOR $582,500
· Closed September 14, 2018
242 E 25th Street #9-C
MLS® #RLS10440986
Listing by Compass
Studio
1
Bath
549
Sq. Ft.
2005
Year Built
Quick Summary
Property Highlights
- Views: City
- Exposure: North facing
- Climate Control: Central Air
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Mar 15, 2017 | $582,500 | - |
| Price Reduced | Jun 13, 2017 | $589,000 | +1.1% |
Description
Great investment opportunity! Building built in 2004! Amazing Views! This is not a Coop it is a Condop, similar to a Condo. You can rent from day one, and rent it for as long as you want. This unit can rent for around $3200 to $3300 a month with a great cap rate. You will not find a Condo like this in the neighborhood in this price range! 50% tax deductible from monthly maintenance! Video Link: https://youtu.be/NeMASnZ7XMU Also great as a primary residence! This apartment faces North and has tons of natural light. It has an open layout kitchen with stainless steel appliances, granite countertops, and breakfast bar. Easily socialize with people in the living room or enjoy some TV while cooking. Sleeping area can be easily converted into a bedroom. The alcove area currently has sliding doors making it easy to go with either open or closed options. In addition, the unit features a full-size LG washer/dryer. There is enough space in the living area for an oversized couch, coffee table and much more. The apartment also has two large California Closets, one of them being a walk-in. Enjoy direct Empire State views from the living room and bedroom!!! The building has great amenities including a part-time doorman, 360 degrees views from the roof deck, state of art gym on the first floor, as well as available storage, laundry room, and bike racks. In regards to transportation, you are less than 5 minutes away from the trains, which takes you to Midtown and Downtown in less than 10 minutes. The neighborhood is filled with great restaurants. You are also close to Madison Square Park, which is great if you want to take a break from the busy atmosphere and enjoy some peace and quiet. If interested in viewing property, please reach out to us for a private showing.
Features & Amenities
Interior Features
Exterior Features
Appliances
Building Information
Financial Details
About Kips Bay
View All Kips Bay ListingsKips 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 NeighborhoodActive 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 5/6/26, 10:40 AM EST
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Location
242 E 25th Street #9-C, Kips Bay, New York County • Near Third Avenue/Second Avenue
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed common charges are $1,942 per month. Confirm the exact amount with the listing broker before making an offer.
This property has 0 bedrooms and 1 full bathroom.
The listed interior living area is 549 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 2005, making it approximately 21 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. Contact the listing broker for weight limits or breed restrictions.
At the current list price of $582,500 for 549 sq ft, the asking price per square foot is approximately $1,061. 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) 416-7433Listing Courtesy of Compass - Nikolay Afanasyev
Listing Contact: (646) 239-6330
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 Data display by Keller Williams NYC. Data last updated on 5/6/2026 at 2:40 PM UTC