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 an
d 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.
