Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
223-225 E 31st Street
Interested in this property?
Active For Sale Mixed Use

$10,950,000

$1,451 per sq ft

223-225 E 31st Street

Kips Bay, Manhattan

MLS® #RLS20076281

RLS at REBNY

Listing by Compass

4

Bedrooms

5.5

Baths

7,549

Sq. Ft.

1920

Year Built

Quick Summary

Bedrooms 4
Bathrooms 5 full, 2 half
Living Area 7,549 sq ft
Lot Size 3,259 sq ft
Year Built 1920
Ownership None
Property Taxes $135,936/yr
Parking Garage
Neighborhood Kips Bay
Floor 1 of 4

Property Highlights

  • Exposure: North,South facing
  • Outdoor Space: Deck, Terrace
  • Style: Italianate,WalkUp architecture

Property Details

Type Mixed Use
Ownership None
Total Rooms 15
Baths 4 Full, 2 Half
Floor 1 of 4
Exposure North,South
Pets Yes
Year Built 1920
Living Area 7,549 sq ft
Parking Garage Available
Parking Features Garage
Architectural Style Italianate,WalkUp
Structure Type MultiFamily,MixedUse,Townhouse
Flooring Hardwood
Furnished Unfurnished
Basement Full
Lot Size 3,259 sq ft
Block/Lot 00912/0014

Description

Every house has a story, but this houses at 223–225 East 31st Street had quite a storied past. Let’s focus on the offering for now. In Murray Hill, this property presents a once-in-a-generation opportunity to acquire a double wide townhouse, a combination of 2 townhouses with one certificate of occupancy. The house spans an impressive 33 feet wide by 98 feet deep. Encompassing approximately 8,141 square feet, this 4 story mixed-use property offers scale, flexibility, and distinction rarely found in Manhattan. The property offers an additional buildable FAR of 2216 sq. ft. 223-225 East 31st Street are 2 of 4 identical townhouses built in a row from 221 through 227 East 31st Street. They were built around 1858 in the Anglo-Italianate style and uncharacteristic of these houses but in the area, these houses were built with Ornate Cast iron Lintels above all the windows with French inspired backets and keystones. While some sources list the construction date as 1901, historical records indicate they were originally completed in the late 1850s. The original architect for the row is not explicitly named in common historical records, which was typical for mid-century speculative housing. We are in the process of searching for more historical records. Commercial Space (First & Second Floors + Basement) The ground level features a welcoming reception area (easily reconfigured to suit a variety of uses), a kitchen, two half bathrooms, one on-site parking garage space, and three private offices. Toward the rear, a studio space that was built of the garden of both houses at a dramatic 23 Ft tall 42 ft long by 30 ft wide, with a retractable sunroof creates a striking architectural focal point. This unique volume has been featured in the HBO series And Just Like That..., the continuation of Sex and the City. What we do know from historical records was this building was purchased by the first Chinese Presbyterian Church in New York and was also a school and the massive structure was likely their gymnasium. The commercial portion also offers direct access to a full-lot basement, providing substantial additional storage or functional space. The Second Floor includes one full bathroom and multiple vacant rooms with hardwood floors and floor to ceiling multipaned windows overlooking East 31st Street, allowing for abundant natural light throughout. Third Floor at approximately 1897 sq ft., is a residential apartment that spans the entire width and length of the floor. A generous floorplan consisting of 2 bedrooms, 2 bathrooms, a large living dining area and a sunroom that leads to a large private terrace, creating a seamless indoor-outdoor living experience. Fourth Floor at approxamtely 1500 sq ft. is currently a 2 bedroom 2 bath apt with an oversized living room w skylight and a cooks size kitchen. This is an exceptional opportunity for developers, investors, end-users, or live-work buyers seeking scale, income potential, and architectural character in a prime Manhattan location. 223 East 31st Street sits quietly along the north side of East 31st Street between Second and Third Avenue — a refined, townhouse-lined stretch that feels distinctly residential despite being moments from Midtown’s core. Flanked by elegant brownstones, the block offers privacy and charm rarely found this close to Manhattan’s major corridors. Yet within half a block, the setting transitions seamlessly into a vibrant, service-rich neighborhood environment. To the east, Second Avenue, residents and tenants enjoy immediate access to daily conveniences including supermarkets, cafés, fitness studios, and neighborhood retailers, as well as AMC Theatres, which anchors evening and weekend foot traffic. Two blocks away, NYU Langone Health serves as one of Manhattan’s premier medical institutions. To the west, Third Avenue offers a lively mix of sit-down restaurants, boutique shops, specialty services, veterinary urgent care and neighborhood staples that give this pocket o

Features & Amenities

Interior Features

High Ceilings Laundry Room See Remarks Flooring: Hardwood

Exterior Features

Private Entrance Private Outdoor Space Over60 Sqft Deck Terrace

Building Information

Total Units 2
Stories 4
Structure MultiFamily,MixedUse,Townhouse
Style Italianate,WalkUp

Financial Details

RE Taxes $135,936/yr ($11,328/mo)

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 charming 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

117

Median Asking Price

$785K

Median $/Sqft

$1,586

Avg Days on Market

N/A

New This Week

14

Price Reduced

31%

Sold (30 Days)

9

Median Sale Price

$880K

Live data from RLS at REBNY • Updated 4/10/26, 12:21 PM EST

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Location

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223-225 E 31st Street, Kips Bay, New York County

Floor Plans

Floor Plan
Floor Plan
MLS® ID: RLS20076281
First Listed: 3/10/2026
On Market: 4/10/2026
Contract Date: 1/24/2026

Listing Courtesy of Compass - Percy Mori

Listing Contact: (917) 822-1384

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.

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RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 4/10/2026 at 4:21 PM UTC

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