Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $499,000

· Closed February 2, 2026

229 E 29th Street #E-3
Closed For Sale Condop

$499,000

229 E 29th Street #E-3

Kips Bay, Manhattan

MLS® #RLS20028220

RLS at REBNY

Listing by Nest Seekers LLC

1

Bedroom

1

Bath

N/A

Sq. Ft.

1940

Year Built

Quick Summary

Bedrooms 1
Bathrooms 1
Year Built 1940
Ownership Condop
HOA/Common Charges $1,569/mo
Neighborhood Kips Bay
Floor 3 of 6

Property Highlights

  • Exposure: South facing
  • Style: Prewar architecture
  • Character: Pre-war building (1940)

Property Details

Type Condop
Ownership Condop
Total Rooms 3
Baths 1 Full
Floor 3 of 6
Exposure South
Pets Yes
Cross Street Third Avenue/Second Avenue
Year Built 1940
Architectural Style Prewar
Structure Type None
Block/Lot 0910/0014

Listing History

Event Date Price Change
Listed Jun 2, 2025 $600,000 -
Price Reduced Sep 29, 2025 $550,000 -8.3%
Currently May 1, 2026 $499,000 -9.3%

Description

Co-op with Condo Rules *INVESTOR FRIENDLY* This unit boasts a sunny southern exposure with hardwood floors throughout. The living room is spacious and features a decorative brick fireplace, as well as plenty of room for a dining table or work-from-home office. The bedroom is large enough to accommodate a king-sized bed and additional furniture, with a small walk-in closet. Both the bathroom and kitchen are updated and modernized, with stainless steel appliances and a dishwasher in the kitchen. Recently updated wall unit AC's in both the living room and bedroom ensure comfortable temperatures throughout the summer. This unit is a great investment opportunity with no rental restrictions. The building combines co-op ownership with condo rules, making it an attractive option for investors or first-time buyers. This classic pre-war building has a newly installed virtual doorman (Butterfly system), and a super who lives on-site. It is also pet-friendly and allows for co-purchasing and parents buying for their children. The lobby is tastefully designed and features an elevator for convenience. The maintenance includes heat and hot water. The building has a canopied facade, a laundry room with new machines and is situated on a quiet, tree-lined street in the charming Kips Bay neighborhood. The building is conveniently located near various subway lines, including the 6, N, R, and B, D, F, M, Q, as well as bus service for easy access up and downtown. Local park and playground just down the block. Target, Trader Joe's and Fairway are all nearby with a variety of restaurants and shopping options along the bustling 3rd Avenue. Don't miss out on this perfect investment or starter apartment. Schedule a showing today!

Features & Amenities

Interior Features

Entrance Foyer Common Area

Exterior Features

Building Storage Building Garden

Building Amenities

Elevators

Building Information

Building Data View Compliance & Permits
Stories 6
Structure None
Style Prewar

Financial Details

Common Charges $1,569/mo
Original Price $600,000
Sale Price $499,000
Previous Price $550,000

Kips Bay is a relaxed and highly convenient residential neighborhood located on the East Side of Manhattan. Known for its mix of mid-century high-rises and historic brick townhouses, it offers a more approachable price point than its neighbors to the north and south. Residents enjoy proximity to the East River Esplanade, a variety of local dining options, and easy access to the city's major medical centers and Midtown business hubs.

Kips Bay Live Market Data

View Neighborhood

Active Listings

131

Median Asking Price

$850K

Median $/Sqft

$1,471

Avg Days on Market

N/A

New This Week

6

Price Reduced

30%

Sold (30 Days)

18

Median Sale Price

$793K

Live data from RLS at REBNY • Updated 5/1/26, 3:29 AM EST

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Location

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229 E 29th Street #E-3, Kips Bay, New York County • Near Third Avenue/Second Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1940
Year Built
86 years old
6
Floors
113
Residential Units
R8B
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $8,426,700
Land Value: $981,000
Exemptions: $4,580

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 14,562 SF
Building Area: 55,737 SF
Built FAR: 3.83
Allowed FAR: 4

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $1,569 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 1 bedroom and 1 full bathroom.

According to MLS records, the building was constructed in 1940, making it approximately 86 years old.

This listing is a condop, a hybrid structure where the building is legally a co-op but individual units are sold with greater flexibility, often including subletting rights similar to condos.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20028220
First Listed: 6/2/2025
On Market: 6/2/2025
Price Changed: 9/29/2025
Closed: 2/2/2026
Contract Date: 6/2/2025

Listing Courtesy of Nest Seekers LLC - Angela D Page

Listing Contact: (917) 334-6572

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 7:29 AM UTC

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