Small Wonder

A Kips Bay studio with a separate sleeping alcove, for $475,000

With one dimension smaller than eight feet, the alcove is too small to be considered a legal bedroom, if you're looking for an alcove studio to convert to a one bedroom. Triplemint

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2020
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This Kips Bay studio, 245 East 24th St., #4A, has lots to recommend it, including a separate sleeping alcove, a recently renovated kitchen with full-sized appliances, and two large, custom closets.

It’s also a bargain for the neighborhood. It’s listed for $475,000—which is under the $505,000 median for a studio co-op in Kips Bay at the moment, according to StreetEasy.

The living area is bright thanks to a trio of large windows and white walls. It’s big enough for a couch, two chairs, a coffee table, and a small two-seater table by the windows. 

To the left is the sleeping alcove—which is separated from the main living area by a billowy curtain. It’s effective, but if drapery isn’t your style, you could always swap it out for a bookcase wall or a screen. The alcove has enough room for a queen-sized bed and a side table—but with one dimension smaller than eight feet, it's too small to be considered a legal bedroom, if you're looking for an alcove studio to convert to a one bedroom. The alcove does a window, so you won’t feel like you’re sleeping in a box.

The kitchen isn’t huge, but it has new, full-sized, stainless steel appliances (including a dishwasher), a breakfast bar, and dark-wood cabinets that stand out against the light-wood flooring.

The bathroom was also recently renovated, and has a wood vanity.

The studio is located in Tracy Towers, a 16-story co-op building with a full-time doorman, a live-in super, a central laundry room, a bike room, storage, and a roof deck with 360-degree views of Manhattan. Pieds-à-terre, co-purchasing, and pets are all allowed. Maintenance is $924 a month.