Investment Opportunity. Rent-Stabilized Tenant in Place

A rare opportunity to acquire a top-floor condominium residence in one of Manhattan’s most sought-after postwar communities. Perched on the 21st floor, this north facing alcove studio enjoys sweeping skyline views, exceptional natural light, and a thoughtfully designed layout featuring a spacious living area, separate dining alcove, and dedicated dressing area. The residence has been tastefully updated with a renovated kitchen featuring white shaker cabinetry, stainless steel appliances, stone countertops, and a marble backsplash, along with an updated bathroom, abundant closet space, and oversized windows framing expansive city views which include the UN and East River.

Offered with a rent-stabilized tenant in place, this property presents an outstanding opportunity for investors seeking long-term value in a professionally managed Manhattan condominium. Exceptionally low monthly common charges and real estate taxes help minimize carrying costs, while the combination of a premier location, condominium ownership, and limited future supply creates compelling long-term appreciation potential. Please note: There is a capital assessment of $141 per month.

Kips Bay Towers is a full service condominium with many amenities including 24-hour concierge and doorman, live-in resident manager, live-in super, full staff of handymen and porters, on-site management office, newly renovated lobby, state of the art fitness center, bike room, storage and trunk rooms, community room, laundry room, on site valet with dry cleaning and housekeeping services, attached underground 24-hour parking, beautifully renovated lobby, and of course the magnificent 3+ acre private garden for residents (the largest in Manhattan!). The one of a kind garden is like having your own backyard. It features a landscaped lawn, areas for picnicking, lounging, herb garden, sports, ping pong tables, playground, and full-size basketball court. Conveniently located steps to Fairway, Trader Joes, Target, restaurants and shops, 6 train just three blocks west, M15 across the street, East River ferry, and two Citibike stations just outside.

An exceptional opportunity to acquire a well-located Manhattan condominium with attractive long-term upside.