242 East 25th Street

Overview of 242 East 25th Street

242 East 25th Street is a 13 story boutique condop completed in 2005 and designed by architect Stephen B. Jacobs. Located between Second and Third Avenues at the intersection of Gramercy Park and Kips Bay, this 54 unit building operates as a co-op with condo rules, offering residents greater flexibility for investors, guarantors, co-purchasing, and pied-à-terre ownership. The building is notably pet friendly with board approval and operates under a land lease that extends through 2102.

Units at 242 East 25th Street range from studios to two bedrooms, with many featuring floor-to-ceiling windows that provide impressive city views including the Empire State Building and Chrysler Building. Common apartment features include hardwood floors, open kitchens with stainless steel appliances and granite countertops, in-unit washer/dryer, and generous closet space. Several units offer private terraces, and many have been designed with split bedroom layouts to maximize space and privacy. The apartments typically feature modern finishes with glass tile backsplashes and contemporary bathroom fixtures.

The building provides a comprehensive amenity package including a furnished rooftop terrace with panoramic Manhattan skyline views, a resident fitness center, bike storage, and basement storage facilities. Residents benefit from a part time doorman service operating from 8am to midnight seven days a week, complemented by a video intercom system and a live-in superintendent. Additional conveniences include laundry facilities and some units feature private outdoor space.

Situated in the desirable Kips Bay/Gramercy area, the building offers excellent access to transportation with the 6 train just three blocks away at 23rd Street, plus proximity to the R, W, and L lines. The neighborhood provides easy access to Madison Square Park, Union Square, and the East River Esplanade, along with popular dining destinations and shopping including Trader Joe's, Whole Foods, and Target. The location combines the quiet residential feel of Gramercy with convenient access to Midtown Manhattan.