Listing Courtesy of Corcoran Group
$499,000
Potential Rebate: $7,485
A Peaceful Urban Escape in the Heart of Manhattan<br> <br> Welcome to Residence 5S at The New York Towers - a bright, south-facing one-bedroom that captures the perfect balance of serenity and city living. Tucked away on a quiet cul-de-sac, this inviting home feels like a calm retreat just moments from the pulse of Gramercy and Kips Bay.<br> <br> Inside, the spacious layout unfolds gracefully, with a sun-drenched living area large enough to accommodate dining and a dedicated home office. The open plan lends itself to modern living, while oversized windows bathe the space in natural light throughout the day. Whether you're looking for your first Manhattan home or the ideal pied-à-terre, this residence offers both comfort and flexibility.<br> <br> The bedroom provides a tranquil haven for rest, and the well-maintained bath and kitchen are ready to enjoy or customize to taste. Washer/dryers are permitted with board approval, and there's also a newly renovated central laundry room for added convenience.<br> <br> New York Towers is a highly regarded, full-service cooperative offering 24-hour doorman and concierge, a live-in superintendent, bike and private storage, and direct access to an on-site garage with discounted rates for residents. The building welcomes pets and allows parents purchasing for kids, co-purchasing, gifting, and guarantors. Subletting is permitted for two out of four years, and there's no flip tax.<br> <br> Perfectly positioned near Madison Square Park, Union Square, and Stuyvesant Square Park, this home places you minutes from Fairway, Trader Joe's, Eataly, and some of the city's most beloved dining destinations, from Shake Shack to the restaurants of Gramercy and Flatiron. With nearby transportation and Citi Bike docks, every corner of the city is within easy reach.<br>
$4,047 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$7,485
Monthly savings impact
$21/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Corcoran Group
Data Source: TRESTLE #RLS20054456

Compare average listing prices and value metrics for New York Towers against the surrounding Kips Bay market.
than the Kips Bay price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Kips Bay is a practical, residential neighborhood dominated by medical institutions (NYU Langone).
\nPost-war high-rises and condos. Often offers better value/space than Murray Hill or Gramercy.
\nDoctors, nurses, and recent grads. It is functional and convenient. Fairway Market is a hub.
\n6 train at 28th/33rd. 2nd Ave subway is not here yet. Ferry at 34th St.
\nEast River Esplanade. AMC Kips Bay theater.
\nBest for medical professionals and renters looking for value.

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