Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $325,000

· Closed June 20, 2023

215 E 24TH Street #823
Closed For Sale Co-op

$325,000

215 E 24TH Street #823

Gramercy Park, Manhattan

THE PENNY LANE

MLS® #RLS10860509

RLS at REBNY

Listing by Corcoran Group

Studio

1

Bath

N/A

Sq. Ft.

1977

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1977
Ownership Co-op
Maintenance $1,025/mo
Parking Garage
Neighborhood Gramercy Park
Floor 8 of 7

Property Highlights

  • Exposure: North facing
  • Parking: Private garage

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 8 of 7
Exposure North
Pets Yes
Cross Street 3 AVENUE and 2 AVENUE
Year Built 1977
Parking Garage Available
Parcel # 0905-0006-00215-000-0000823

Listing History

Event Date Price Change
Listed Feb 15, 2023 $369,000 -
Price Reduced Jun 24, 2023 $350,000 -5.1%
Currently Apr 23, 2026 $325,000 -7.1%

Description

Massive Price Reduction! Owner Says Sell...Penny Lane is one of the most sought-after coop buildings in Gramercy Park and you have the rare opportunity to purchase this huge sun filled top-floor studio that has spectacular open views of the Chrysler Building and a little bit of the Empire State Building too. Because 823 needs work you save a bundle. No doubt about it, apartment 823 has good "bones" just look at that virtually staged photo of the living space...WOW! The bathroom needs to be renovated for sure, but the kitchen with the stainless-steel refrigerator and the brand new 3-burner cooktop is definitely functional the way it is. The apartment needs some "love" and that is why the asking price is so low and being sold "AS IT IS". What makes this an even more attractive purchase, is the LOW monthly maintenance of $1025/month AND there is NO FLIP TAX! Also, another huge bonus is 823 is the end unit so the common roof deck is literally right outside your door. It is as close as you can get to having a private outdoor space without it being attached to your apartment. Some of the other great features of the apartment include the extraordinary closet space, open kitchen, Juliette balcony and the huge rectangular living space which is as big as some one-bedroom apartments. Building amenities and services include 24/7 doorman, live-in resident manager, laundry on EVERY floor, roof deck, on-site garage (special rate for shareholders), bike storage (nominal annual fee) and storage cages (monthly fee). If you are looking to buy your first home, tired of renting when you can own for less, like the idea of purchasing a "fixer upper" and making it your own, then you need to schedule a showing today because this apartment will be gone tomorrow.

Building Information

Building THE PENNY LANE
Total Units 180
Stories 7

Financial Details

Maintenance $1,025/mo
Original Price $369,000
Sale Price $325,000
Previous Price $350,000

Gramercy Park is one of New York City’s most storied and architecturally distinctive neighborhoods, centered around the only private park in Manhattan. The area exudes old-world charm with its gas-lit streets and impeccably preserved 19th-century architecture. While the park itself is private, the surrounding real estate offers a mix of historic brownstones, elegant pre-war cooperatives, and boutique new developments that cater to those seeking a low-traffic urban retreat.

Gramercy Park Live Market Data

View Neighborhood

Active Listings

175

Median Asking Price

$1.48M

Median $/Sqft

$1,781

Avg Days on Market

N/A

New This Week

6

Price Reduced

26%

Sold (30 Days)

20

Median Sale Price

$1.26M

Live data from RLS at REBNY • Updated 4/23/26, 12:39 PM EST

Similar Listings in Gramercy Park

View All

Location

Loading map...

215 E 24TH Street #823, Gramercy Park, New York County • Near 3 AVENUE and 2 AVENUE

Floor Plans

Floor Plan

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 $1,025 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms 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.

Pet policy requires confirmation with the listing broker.

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: RLS10860509
First Listed: 2/15/2023
Price Changed: 6/24/2023
Closed: 6/20/2023
Contract Date: 2/15/2023

Listing Courtesy of Corcoran Group - Shannon Aalai

Listing Contact: (917) 405-0254

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 4/23/2026 at 4:39 PM UTC

Buying a Co-op? Start Here

Co-op vs. Condo: Which Is Right for You?

Ownership structure, board approval, financing: the full comparison.

Read article

How to Ace Your Co-op Board Interview

What boards look for, common questions, and how to prepare.

Read article

NYC Flip Tax Guide for Sellers

What co-op flip taxes are, how they're calculated, and who pays.

Read article

HDFC Co-ops: Complete Guide

Income limits, resale caps, and how to qualify for affordable co-ops.

Read article

Interested in this property?

Get a response within 2 hours

Your info is secure and never shared.

View Active Listings Call Milton