Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $582,500

· Closed September 14, 2018

SOLD: 242 E 25th Street #9-C
SOLD $582,500
Sold Condop

$582,500

$1,061 per sq ft

242 E 25th Street #9-C

Kips Bay, Manhattan

MLS® #RLS10440986

RLS at REBNY

Listing by Compass

Studio

1

Bath

549

Sq. Ft.

2005

Year Built

Sale Details

Original List Price $582,500
Close Date September 14, 2018

Property Summary

Bedrooms Studio
Bathrooms 1
Living Area 549 sq ft
Year Built 2005
Ownership Condop
Common Charges $1,942/mo
Neighborhood Kips Bay
Floor 9 of 13

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.

Property Details

Type Condop
Ownership Condop
Total Rooms 2
View City
Cooling Central Air
Year Built 2005
Living Area 549 sq ft

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RLS at REBNY

Listing courtesy of Nikolay Afanasyev at Compass. 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. This 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.

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