215 E 24Th St

Penny Lane is a seven-story, 60-unit cooperative in Manhattan’s Kips Bay neighborhood, converted from a 1920s ice-cream factory and completed for residential use in 1977. The building’s loft-like stock includes studios and one-bedroom layouts—many configured as duplexes or triplexes with high ceilings and oversized windows that emphasize natural light. Residences commonly feature hardwood floors, abundant closets, eat-in kitchens or renovated chef-style kitchens with stone counters and stainless appliances, and private outdoor elements ranging from Juliet balconies to small planted terraces and larger private patios. Common areas are robust for a mid-rise: a planted roof deck with panoramic skyline views, a landscaped courtyard/garden, laundry rooms on each floor, bicycle storage, and dedicated storage rooms. Building services and operations include a 24-hour doorman, live-in superintendent, video security, package room, and an on-site garage with rentable parking. The co-op maintains formal policies—cats are typically permitted while dogs are often restricted; subletting is allowed after two years (with limits), and pied-à-terre and guarantor rules vary by unit. Located steps from Gramercy Park, Flatiron and transit (notably the 6, N, R/W lines), the building sits within a dense, restaurant-and-retail-rich urban fabric that supports a highly walkable, amenity-forward city lifestyle.