$499,999
OPEN FRI 1PM - 2PM $29K PRICE DROP

Estimated payment $4,596/month

Total Views 247
-- Bed
1 Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Rooftop Deck
  • City View
  • Cooling Available
  • P.S. 116 Mary Lindley Murray Rated A-
  • Juliet Balcony
  • Garage

About This Home

Step into this bright and airy loft apartment featuring soaring ceilings in the main living area in the sought-after Penny Lane Coop, nestled in the Gramercy Park neighborhood of Manhattan.

The residence boasts a fully-equipped kitchen with a dishwasher. A generous foyer features a sizable closet and dining space. The living room, brightened by oversized windows, offers a Southern exposure and includes a quaint Juliet balcony.

Above, a lofted sleeping space with approximately 5 feet of headroom offers a snug and private retreat, accommodating a Queen-size bed, dresser, and additional closet space. While not full standing height, the loft's clever design maximizes floor space below, leaving room for a generous living area and dining setup. Large windows flood the home with natural light, and the unique layout adds both character and functionality.

Both the bathroom and kitchen have been renovated.

Conveniently, washers and dryers are located on each floor, with one just outside this apartment's door.

Amenities include a 24-hour doorman, resident superintendent, four exquisite roof decks, plus a serene Zen Deck.

Optional extras include storage for $100 monthly and bike storage at $50 annually.

Pets are allowed on a case by case basis. Cats only, no dogs.

Direct building access to a parking lot is available for a fee.

Situated a mere two blocks from the 6 train and in proximity to Gramercy Park, owners have the option to sublet after two years for a duration of six years.

This unique Coop, a former ice cream factory, was transformed in 1976 and its unique lobby was designed to evoke the charm of a London street.

Listing Agent

Bradley Miles

Douglas Elliman Real Estate License #10401266224 Listed on: 09/03/2025

Douglas Elliman Real Estate

Co-Listing Agent

Andreas Mann

Douglas Elliman Real Estate License #10301204018

Open House Schedule

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1977

HOA Fees

  • $1,432 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 6th floor

Additional Features

  • 1 Full Bathroom
  • Juliet Balcony
  • South Facing Home
  • Cooling Available

Listing and Financial Details

  • Legal Lot and Block 0006 / 00905

Community Details

Overview

  • 180 Units
  • High-Rise Condominium
  • The Penny Lane Condos
  • Kips Bay Subdivision
  • 7-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Co-Op

Year Built

Built in 1977

Lot Details

0

HOA Fees

$1,432 per month

Listing Details

  • Exposures: South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 6
  • Structure Type: High Rise
  • Special Features: 4097
  • Property Sub Type: Coop
  • Stories: 7

Interior Features

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

Beds/Baths

  • Full Bathrooms: 1
  • Bathrooms Integer: 1

Exterior Features

  • View: City
  • View: Yes
  • Exterior Features: Building Roof Deck, Juliet Balcony, Private Outdoor Space Under 60 Sqft
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Common On Floor
  • Green Building Features: Elevator(s)
  • Cooling: Other
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1432.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Stock Cooperative

Lot Info

  • Zoning Description: R8B

Building Info

  • New Construction: No
  • Building Name: The Penny Lane
  • Units: 180
  • Total Stories: 7
  • Year Built: 1977

Rental Info

  • Land Lease: No

Tax Info

  • Tax Block: 00905
  • Tax Lot: 0006

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 For Sale $499,999 0.0% --
08/30/2025 08/30/25 Off Market $499,999 -- --
08/13/2025 08/13/25 Price Changed $499,999 -5.5% --
05/28/2025 05/28/25 For Sale $529,000 -- --
Source: Real Estate Board of New York (REBNY)

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20027053

Real Estate Board of New York (REBNY)

APN: 00905-0006617