Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $400,000

· Closed September 3, 2025

Closed For Sale Co-op

$400,000

215 E 24TH Street #823

Kips Bay, Manhattan

The Penny Lane

MLS® #RLS11030528

RLS at REBNY

Listing by Serhant

Studio

1

Bath

N/A

Sq. Ft.

1977

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1977
Ownership Co-op
Maintenance $1,172/mo
Parking Garage
Neighborhood Kips Bay
Floor 8 of 8

Property Highlights

  • Views: City Lights, City, Panoramic
  • Exposure: North facing
  • Outdoor Space: None, Balcony

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 8 of 8
View City Lights, City, Panoramic
Exposure North
Cooling Other
Pets Yes
Year Built 1977
Parking Garage Available
Structure Type HighRise
Basement Other
Parcel # 0905-0006-00215-000-0000823
Block/Lot 00905/0006

Listing History

Event Date Price Change
Listed Jan 23, 2025 $435,000 -
Price Reduced Jun 25, 2025 $415,000 -4.6%
Currently May 1, 2026 $400,000 -3.6%

Description

Discover the charm of the Penny Lane co-op, a one-of-a-kind building where historic elegance meets modern sophistication in the vibrant heart of Kips Bay. Perched on the top floor, this exceptional studio is more than just a home-it's your private sanctuary above the city.

Completely renovated with impeccable attention to detail, this space redefines urban living. The expansive open kitchen is designed for the discerning chef and entertainer alike, seamlessly blending form and function. Floor-to-ceiling windows bathe the apartment in sunlight, offering breathtaking views of the iconic Chrysler Building-a daily reminder that you're living at the pinnacle of Manhattan luxury.

But the real pi ce de r sistance? A sprawling rooftop just steps from your front door. Whether you're hosting an intimate soir e under the stars or sipping your morning espresso while taking in the city skyline, this rooftop escape offers unmatched serenity above the hustle and bustle of the streets below.

Living at Penny Lane means access to an array of premium amenities: a 24-hour doorman, an expansive roof deck with jaw-dropping views, a private attached garage, a live-in resident manager, convenient bike storage, and laundry facilities on every floor. Subletting is allowed after two years for up to six years.

Plus, with no flip tax, this is an investment opportunity as smart as it is stylish.

Located moments from the buzz of NoMad and the lush greenery of Madison Square Park, you'll have the city's best dining, shopping, and entertainment at your fingertips. Commuting is effortless with the 6, R, W, and Union Square transit hubs just steps away.

This isn't just a home-it's a lifestyle upgrade. If you're ready to experience the allure of Manhattan living at its finest, don't wait.

Schedule a showing today and claim the next chapter of your New York City story...

Features & Amenities

Interior Features

Common On Floor

Exterior Features

Balcony Building Roof Deck Private Outdoor Space Under60 Sqft None Balcony

Building Information

Financial Details

Maintenance $1,172/mo
Original Price $435,000
Sale Price $400,000
Previous Price $415,000

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

6

Price Reduced

30%

Sold (30 Days)

18

Median Sale Price

$793K

Live data from RLS at REBNY • Updated 5/1/26, 7:49 AM EST

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Location

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215 E 24TH Street #823, Kips Bay, New York County

Virtual Tour

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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 $1,172 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.

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: RLS11030528
First Listed: 1/23/2025
On Market: 1/23/2025
Price Changed: 6/25/2025
Closed: 9/3/2025
Contract Date: 1/23/2025

Listing Courtesy of Serhant - Steven Clair

Listing Contact: (646) 480-7665

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 11:49 AM UTC

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