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The New York Towers is a full-service post-war cooperative with 24-hour doorman, concierge, and amenities including bike room, storage, laundry, and on-site garage. Located near parks, dining, and transportation, the building allows co-purchasing, gifting, guarantors, pets, and in-unit washer/dryers with board approval. Currently, 10 apartments are for sale.
The New York Towers is a 388-unit, 20 story white brick co-op built in 1966 and converted to cooperative ownership in 1984. Located at 305 East 24th Street on a quiet tree lined cul-de-sac in Kips Bay, the building features an asymmetrical pattern of balconies designed to visually break up its large mass. The full service building offers a 24 hour doorman, concierge, and live-in superintendent, along with an on-site garage with direct building access (resident rate $348/month with no wait list), bike room, private storage, and a renovated central laundry room. A resident gym is currently in development.
A standout feature is the building's cogeneration power station, completed in 2019, which provides heating and cooling included in the monthly maintenance and keeps electricity costs remarkably low, typically under $75 per month. The building maintains its own generator, ensuring power during storms. Apartments throughout the building commonly feature hardwood or parquet floors, custom closets and built-ins, renovated kitchens with stainless steel appliances and dishwashers, and contemporary bathrooms. Units range from alcove studios to two bedrooms, with several penthouse units and select apartments offering private terraces. Notable is apartment 20B, a two bedroom corner unit with a 550 square foot private terrace and panoramic skyline views spanning from the Freedom Tower to the Empire State Building and Chrysler Building.
The co-op maintains flexible policies, allowing co-purchasing (including with graduate, medical, dental, and law students), gifting, guarantors, pied-à-terre ownership, pets, and subletting (two years out of every four). In-unit washer/dryers are permitted with board approval, and the building charges no flip tax. The location offers exceptional convenience, with the 6, N, R, W, and L trains nearby, along with multiple bus lines and a Citi Bike station across the street. The neighborhood, selected by Time Out as one of the 10 hottest NYC neighborhoods to watch for 2023, provides easy access to Madison Square Park, Union Square, Gramercy Park, and the Flatiron District, with Whole Foods, Trader Joe's, Fairway, and Target all within close proximity. The building is also convenient to NYU's professional schools and the hospital corridor along First Avenue.
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For some co-ops, instead of price per square foot, we use an estimate of the number of rooms for each sold apartment to chart price changes over time. This is because many co-op listings do not include square footage information, and this makes it challenging to calculate accurate square-foot averages.
By displaying the price per estimated room count, we are able to provide a more reliable and consistent metric for comparing sales in the building. While we hope that this gives you a clearer sense of price trends in the building, all data should be independently verified. All data provided are only estimates and should not be used to make any purchase or sale decision.
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