242 East 25th Street Condop building in Kips Bay Turtle Bay New York
This unique condop 242 East 25th Street has positioned itself as a very desirable condop building in the Kips Bay neighborhood. Located on 25th Street between 2nd and 3rd Avenue, 242 East 25th Street, is one of just a few new buildings in the Kips Bay area.  Close to both Murray Hill and Gramercy Park neighborhoods many buyers have found this building to be a great addition to the condominium inventory.

242 East Street is a condop building.  A co-op structure, but with condo by-laws make the building investor friendly, no board approval, pet friendly, with flexible purchase terms. It is a relatively new building, built in 2005, a part time doorman(currently 7 days a week-8am to midnight) live in super, fitness room, roof deck, storage, elevator building. The building is 13 stories tall and has 54 units, making it a well sized boutique building for the neighborhood.

The first half of 2012, saw 3 sales occur at 242 East 25th St, and one is still currently in contract.
Two One (1) Bedroom Apartments closed this year: Apartment 5B and 7B, closed for the same price, $540,000.  Both Southern Facing units, with excellent light are nicely sized units with open kitchens and washer/dryers within the unit.

 

Our team sold apartment 5B, very quickly, receiving an offer within the first 3 weeks of the apartment coming on the market.

 

One Alcove Studio closed this Year-Apartment 8C closed for $410,000.

 

There have been multiple sales this year and late last year that have taken a very long time to sell, more than 6 months on the market.  The conventional wisdom is that the longer something sits on the market the more likely the buyer will push to negotiate and lower price the seller will ultimately see.

Pricing correctly at the beginning will give the best opportunity to maximize the price and this is why we have had continued success selling apartments at 242 East 25th Street.

We have sold multiple units in 242 East 25th Street this unique condop in Kips Bay neighborhood of Manhattan New York. For most updated availability or questions about this condop, contact us at (917)837-8869 today.

 

 

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Morgan Evans is a Manhattan New York Real Estate specialist in neighborhoods such as: Greenwich Village, Soho, Union Square, Upper East Side, Upper West Side, Chelsea, Midtown West, Midtown East, Nolita, Lower East side, Financial District in Manhattan. Morgan specialize in working with international buyer, high net worth buyers,  parents buying for children and investors buyers. Contact him today by calling (917)837-8869.

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2 Comments on 242 East 25th Street Condop building in Kips Bay Turtle Bay New York

AUG
09
620,875 Points 8 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

242 East 25th Street is a unique, newer construction boutique Condop building in Kips Bay Turtle Bay New York.
8:38pm • #1
AUG
11
589,909 Points 58 Featured Posts Outside Blog Called Shot Master

Hi Morgan -- I had never heard of the term Condop -- so, first thanks for the definition.   You are absolutely correct that pricing right upfront is crucial in any market.  As days on market increases, buyer's desire to ask for more concessions grows.   
8:22am • #2

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Ar_moe Rainmaker_large

Morgan Evans-New York City Real Estate Expert

Manhattan, NY

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Douglas Elliman Real Estate

Address: 26 W 17th St Floor 7, New York, NY, 10011

Office Phone: (212) 321-7147

Cell Phone: (917) 837-8869

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New York City Manhattan Real Estate agent specialize in Manhattan Condominium market such as Resale Condominiums, New Construction condos and condops. We work with first time home buyers, foreign buyers, investors. We Specialize in neighborhoods: Upper West Side, Chelsea, Midtown West, Midtown East, Nolita, Lower East side, Greenwich Village, Soho, Union Square, Financial District in Manhattan.

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