$699,000
OPEN SAT 1PM - 2PM

Estimated payment $5,767/month

Total Views 2,216
-- Bed
1 Bath
468 Sq Ft
$1,494 Price per Sq Ft

Highlights

  • Terrace
  • 3-minute walk to 23 Street (4,6 Line)
  • Home Security System
  • P.S. 116 Mary Lindley Murray Rated A-
  • Balcony
  • Central Air

About This Home

Experience the best of modern Manhattan living in this sun-filled studio at ONE48, a boutique full-service condominium perfectly positioned at the crossroads of Gramercy Park, Flatiron, and NoMad. Residence 12B offers a rare combination of contemporary design, private outdoor space, and an unbeatable central location, making it an exceptional opportunity for both end-users and investors.Key FeaturesExpansive Southeast-Facing Terrace: Step out onto your private terrace, a true extension of your living space, ideal for morning coffee, dining al fresco, or unwinding with open city views. This rare outdoor retreat sets the home apart in Manhattan’s competitive market.Sun-Drenched Interiors: Floor-to-ceiling windows bathe the studio in natural light throughout the day, enhancing the sense of space and highlighting the 9-foot ceilings and beautiful oak hardwood floors.Flexible Layout: The open-concept design easily accommodates distinct living, sleeping, and work-from-home areas, offering versatility for any lifestyle.Gourmet Kitchen: Enjoy custom white lacquer cabinetry, quartz stone countertops, a glass backsplash, and premium stainless steel appliances—including a dishwasher and a mobile island for extra prep or dining space—perfect for both everyday living and entertaining.Spa-Inspired Bath: Relax in a deep soaking tub with an oversized rain shower, surrounded by imported European porcelain tiles, a custom walnut vanity, and modern Vasser fixtures for a luxurious daily experience.In-Unit Washer/Dryer: Enjoy the convenience of your own washer/dryer, plus abundant closet space with built-in storage solutions.Quiet and Private: South-facing windows ensure a peaceful atmosphere and excellent light, while high-quality construction provides a tranquil urban oasis.Building Amenities24-Hour Attended Lobby and Full-Time Doorman for ultimate security and convenienceState-of-the-art fitness centerLandscaped and furnished rooftop terrace with BBQ area and panoramic city viewsBike storage and live-in superintendentPet-friendly, with flexible policies for pied-à-terre, sublets, and investorsLocation HighlightsSituated in vibrant Kips Bay, ONE48 places you moments from the best of downtown Manhattan. Enjoy easy access to the 6, N, and R subway lines, Madison Square Park, Gramercy Park, top restaurants, boutique shopping, and the city’s cultural landmarks. Walk to Chelsea, Greenwich Village, Soho, Nolita, and Murray Hill—all just minutes away.Why ONE48?With only 55 residences in this boutique, post-war building, ONE48 offers a sense of exclusivity and community. Built in 2009, the building combines sleek, understated architecture with the comforts of modern luxury, making it a standout choice in the Gramercy/Flatiron condo market.Discover the perfect blend of indoor-outdoor living, contemporary style, and central Manhattan convenience. Whether you’re seeking a smart investment or a serene city home, this studio at ONE48 is not to be missed. Reach out today to schedule a private tour and experience the best of downtown living for yourself.*On-going assessment of $221.67 per month thru Feb 2026 to pay for upcoming capital improvements.

Listing Agent

John Lee

Compass License #10401262653 Listed on: 04/24/2025

Compass

Co-Listing Agent

Boris Sharapan Fabrikant

Compass License #10301208445

Co-Listing Agent

Collin Bond Esq.

Compass License #10301211462

Open House Schedule

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,340

Year Built

  • Built in 2009

HOA Fees

  • $917 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 468 Sq Ft Home

Outdoor Features

  • Balcony
  • Terrace

Utilities

  • Central Air
  • No Heating

Additional Features

  • 1 Full Bathroom
  • Laundry in unit

Listing and Financial Details

  • Legal Lot and Block 1249 / 00879

Community Details

Overview

  • 55 Units
  • Kips Bay Subdivision
  • 14-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,340

Year Built

Built in 2009

Lot Details

0

HOA Fees

$917 per month

Listing Details

  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 12
  • Structure Type: Mixed Use
  • Special Features: OpenHouse
  • Property Sub Type: Condos
  • Stories: 14

Interior Features

  • Fireplace: No
  • Living Area: 468.0
  • Living Area Units: Square Feet
  • Rooms (Total): 2

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Exterior Features

  • View: No
  • Exterior Features: Balcony, Private Outdoor Space Over 60 Sqft
  • Patio/Porch Features: Terrace, Balcony

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Garage

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed, Common On Floor, Common Area, In Unit
  • Security: Security System
  • Green Building Features: Elevator(s)
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 917.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 26.500000x98.750000

Building Info

  • New Construction: No
  • Units: 55
  • Total Stories: 14
  • Year Built: 2009

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00879
  • Tax Lot: 1249
  • Tax Annual: 11340.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,352 $90,799 $2,909 $87,890
2023 $10,814 $93,870 $2,909 $90,961
2022 $11,456 $97,697 $2,909 $94,788
2021 $8,486 $85,954 $2,909 $83,045
2020 $9,081 $95,317 $2,909 $92,408
2019 $6,720 $95,971 $2,909 $93,062
2018 $6,463 $93,252 $2,909 $90,343
2017 $4,174 $82,828 $2,908 $79,920
2016 $4,112 $85,082 $2,909 $82,173
2015 $208 $80,024 $2,908 $77,116
2014 $208 $75,355 $2,909 $72,446
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 Price Changed $4,250 -3.4% $9 / Sq Ft
06/18/2025 06/18/25 For Rent $4,400 0.0% --
04/24/2025 04/24/25 For Sale $699,000 -- $1,494 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $551,587 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $404,250 New Conventional
Source: Public Records

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20018702

Real Estate Board of New York (REBNY)

APN: 0879-1249