Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $515,000

· Closed February 3, 2025

245 E 24th Street #5E
Closed For Sale Co-op

$515,000

$996 per sq ft

245 E 24th Street #5E

Kips Bay, Manhattan

Tracy Towers

MLS® #RLS11018951

RLS at REBNY

Listing by Redfin Real Estate

Studio

1

Bath

517

Sq. Ft.

1961

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 517 sq ft
Lot Size 9,636 sq ft
Year Built 1961
Ownership Co-op
Maintenance $1,196/mo
Neighborhood Kips Bay
Floor 5 of 17

Property Highlights

  • Climate Control: Window Units

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 5 of 17
Cooling Window Units
Pets Yes
Year Built 1961
Living Area 517 sq ft
Structure Type HighRise
Furnished Unfurnished
Lot Size 9,636 sq ft
Parcel # 0905-0026-00245-000-000005E
Block/Lot 00905/0026

Listing History

Event Date Price Change
Listed Oct 31, 2024 $515,000 -
Currently May 5, 2026 $515,000 -

Description

Perched on the fifth floor, apartment 5E at 245 East 24th is a sanctuary of light and elegance, a pristine alcove studio where every inch has been meticulously crafted to whisper sophistication. As sunlight pours through expansive windows, the residence glows with an undeniable warmth, illuminating the fresh and flawless flooring that anchors this space in quiet luxury. The newly updated kitchen beckons with modern allure, while the beautifully renovated bathroom adds a touch of spa-like serenity, creating a perfect retreat for the discerning resident. Nestled on the corner of 24th and 2nd, this storied building stands proudly in one of Manhattan's most desirable enclaves, graced with a full-time doorman, a dedicated live-in manager, and amenities that define true city living: laundry facilities, a bike room, and ample storage. Above, the renowned rooftop garden awaits—a verdant escape with skyline views that remind you of New York’s enduring charm. Here, life embraces flexibility, with the co-op welcoming pets, pieds-à-terre, and co-purchasing alike. In this impeccable home, you’ll find not just an apartment but a polished piece of Manhattan’s legacy, waiting to be cherished.

Features & Amenities

Interior Features

Granite Counters Common Area Laundry Room

Building Information

Building Tracy Towers
Building Data View Compliance & Permits
Total Units 162
Stories 17
Structure HighRise

Financial Details

Maintenance $1,196/mo
Sale Price $515,000

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

133

Median Asking Price

$845K

Median $/Sqft

$1,450

Avg Days on Market

N/A

New This Week

8

Price Reduced

31%

Sold (30 Days)

20

Median Sale Price

$833K

Live data from RLS at REBNY • Updated 5/5/26, 9:09 AM EST

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Location

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245 E 24th Street #5E, Kips Bay, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
4
Floors
5
Residential Units
M1-2D
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $586,800
Land Value: $9,000
Exemptions: $165,165

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

Lot Area: 1,265 SF
Building Area: 4,366 SF
Built FAR: 3.45
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 $1,196 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 0 bedrooms and 1 full bathroom.

The listed interior living area is 517 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1961, making it approximately 65 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 $515,000 for 517 sq ft, the asking price per square foot is approximately $996. 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: RLS11018951
First Listed: 11/1/2024
On Market: 10/31/2024
Closed: 2/3/2025
Contract Date: 10/31/2024

Listing Courtesy of Redfin Real Estate - Phillip Zachary Gutierrez

Listing Contact: 12039819714

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 1:09 PM UTC

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