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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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  1. Home
  2. New Developments
  3. New York City
  4. Manhattan
  5. 10010
  6. 245 East 24th Street #12F
Property thumbnail
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★ Sponsor Unit
✓ No Board Approval Required
Stock Cooperative•Kips Bay

245 East 24th Street #12F, New York City, NY 10010

Listing Courtesy of Compass

$520,000

Potential Rebate: $13,000

Stock Cooperative
Studio
1 Bath
2 Rooms
Built 1963
16 Stories
Listed on Oct 21, 2025
87 days on market
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Overview

Welcome to your next home at Tracy Towers, a well-loved, full-service co-op in the heart of Kips Bay. This spacious alcove studio is the largest in the building, offering the kind of flexibility rarely found in a studio. There’s more than enough room for a king-sized bed, and if you’re craving a little more privacy, it can easily be converted into a true one-bedroom.

The apartment has been thoughtfully renovated, starting with a gut-renovated kitchen — including all new plumbing and premium appliances. You’ll cook like a pro with a Fisher & Paykel range, Beko fridge with an ice maker, and a sleek Bosch dishwasher. Storage won’t be a problem either, thanks to 16 deep, soft-close cabinets that make the most of the space. The bathroom is equally refreshed, featuring a brand new rainshower head for a little spa-like indulgence at home.

Beyond the apartment, Tracy Towers offers all the comforts of a well-maintained cooperative. You’ll have 24-hour doorman service, a live-in superintendent, and convenient amenities like central laundry, a bike room, and two large storage rooms with reasonably priced unit options. And the rooftop garden? It’s a true highlight — recently furnished and offering gorgeous skyline views that make it the perfect spot to unwind.

Location-wise it doesn't get much better. You’re perfectly positioned in Kips Bay with easy access to Gramercy, NoMad, Flatiron, and all the best downtown neighborhoods. A brand new Whole Foods Market recently opened at 28th and Madison, bringing even more convenience to the area. Trader Joe’s, Fairway, and the Kips Bay AMC are all nearby, and you’re just minutes from the green spaces of Madison Square Park, Union Square, and Stuyvesant Square. Commuting is a breeze with the 6, N/R/W, and L trains close by, along with excellent bus service.

Tracy Towers is pet-friendly and flexible — allowing pieds-à-terre, co-purchasing, and parents buying for children, with subletting permitted after two years (with board approval).

Whether you're looking for your first home, a smart investment, or a flexible city pied-à-terre, this bright and beautifully updated alcove studio offers space, style, and unbeatable convenience.

Home Features

  • •Wall Unit(s)
  • •Wall Furnace
  • •Building Washer Dryer Install Allowed
  • •Common On Floor
  • •Common Area
  • •Garage
  • •Walk-In Closet(s)
  • •Dishwasher

Building Amenities

  • •Garage

Estimated Monthly Payment

$4,162 per month

30 year fixed, 6.28% Interest

Principal and Interest
$2,570
Property Taxes
$0
Maintenance/Common Charges
$1,592

Estimated Rebate for this Home

One-time rebate at closing

$13,000

Monthly savings impact

$36/mo

Effective Purchase Price

$507,000

(Home Price - Estimated Rebate)

💡 Estimated rebate from our commission

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).

RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.

The Real Estate Rebate Team

Listing Courtesy of Compass

Data Source: TRESTLE #RLS20055847

RLS at REBNY

RLS at REBNY - Real Estate Board of New York Residential Listing Service

Why Buy With Us

Rebates Up To

2.5%

25+ Years

Experience

REBNY & NAR

Member

Verified

Listings

RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.

The Real Estate Rebate Team

Listing Courtesy of Compass

Data Source: TRESTLE #RLS20055847

RLS at REBNY

RLS at REBNY - Real Estate Board of New York Residential Listing Service

Price Analysis

Compare average listing prices and value metrics for Tracy Towers against the surrounding Kips Bay market.

Based on 4 active units in building vs 105 in area

Average List Price

Building$574.7K
Neighborhood$1.4M

Price Per SqFt

Building Avg$465/ft²
Neighborhood Avg$1,380/ft²
Value Opportunity

66.32% Lower

than the Kips Bay price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Kips Bay

Medical Mile & Value

\nKips Bay is a practical, residential neighborhood dominated by medical institutions (NYU Langone). \n

Real Estate & Housing Market

\nPost-war high-rises and condos. Often offers better value/space than Murray Hill or Gramercy. \n

Lifestyle & Community

\nDoctors, nurses, and recent grads. It is functional and convenient. Fairway Market is a hub. \n

Transportation & Accessibility

\n6 train at 28th/33rd. 2nd Ave subway is not here yet. Ferry at 34th St. \n

Parks, Schools & Amenities

\nEast River Esplanade. AMC Kips Bay theater. \n

Who This Neighborhood Is Best For

\nBest for medical professionals and renters looking for value.
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