Chic, Sun-Filled Lofted Alcove Studio with Juliet Balcony in Gramercy/Kips Bay - Available upon approval; sorry no pets.
Step into style at this sunny, south-facing alcove lofted studio in the heart of Gramercy/Kips Bay. Once the J.M. Horton Ice Cream Factory, Penny Lane boasts soaring 11-foot ceilings and timeless character reimagined for modern living. This home pairs open, airy design with sleek updates to create the perfect city retreat.
Blonde hardwood floors throughout, oversized windows, and a seamless layout set the stage for easy living. A spacious living and separate dining area invites both entertaining and quiet nights in, while the lofted sleeping alcove maximizes space and privacy. The crisp, renovated bathroom and modern kitchen - complete with stainless steel appliances, dishwasher, and generous storage - make daily living effortless. Abundant closet space and a private Juliet balcony add a rare touch of convenience and charm at this price point.
Penny Lane residents enjoy an expansive roof deck (that once served as tennis courts) with sweeping views of the Empire State and Chrysler buildings, a 24-hour doorman, elevator, laundry on every floor, and a one-of-a-kind lobby inspired by a quaint Liverpool streetscape. With Union Square, Madison Square Park, top dining, cafés, and shopping just moments away - plus multiple subway lines nearby - this location puts the very best of Manhattan at your doorstep.
Style, character, and convenience converge in this Gramercy/Kips Bay gem - a home that truly has it all.
Sorry, no pets.
Building Fees:
Application Processing Fee (Non-Refundable) $650
Additional Processing Fee (Non-Refundable) $200 (Only if there is a 2nd Applicant)
Credit Check Fee (Non-Refundable) $125
Move-In Fee (Non-refundable) $500
Move-In Deposit (Refundable) $1,000
App Admin Fee 5% of Total (excluding Digital Submission & Initiation Fees)
Digital Submission Fee (Non-Refundable) $65
available on
10/1/2025Co-op
Built in 1977
MLS/Listing ID RLS20049314
The Penny Lane
180 Units
Elevators
Doorman Full Time
Building Roof Deck
Unfurnished
City View
Exposures - South
Pets Allowed
Listing Courtesy of CORCORAN GROUP, EDMOND YOO - 917-589-0508
Source of Data: REAL ESTATE BOARD OF NEW YORK
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.