Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
229 E 28TH Street #4D
Interested in this property?
Active For Sale Co-op

$410,000

229 E 28TH Street #4D

Kips Bay, Manhattan

Alan J. Marcus Comp

MLS® #RLS20045344

RLS at REBNY

Listing by Platinum Forbes Global Properties

Studio

1

Bath

N/A

Sq. Ft.

1962

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Year Built 1962
Ownership Co-op
Maintenance $1,307/mo
Neighborhood Kips Bay
Floor 4 of 7

Property Highlights

  • Views: City
  • Exposure: South facing
  • Climate Control: Other

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 2
Baths 1 Full
Floor 4 of 7
View City
Exposure South
Cooling Other
Pets Yes
Year Built 1962
Structure Type HighRise
Basement Other
Parcel # 0909-0015-00229-000-000004D
Block/Lot 00909/0015

Listing History

Event Date Price Change
Listed Sep 2, 2025 $425,000 -
Price Reduced Apr 16, 2026 $419,000 -1.4%
Currently May 4, 2026 $410,000 -2.1%

Description

Discover the best value alcove studio in Kips Bay - with the versatility to easily convert into a one-bedroom! This beautifully renovated home features a sleek kitchen with a full suite of stainless steel appliances, including a Frigidaire refrigerator, oven, and microwave, plus a GE Profile dishwasher. A generous breakfast bar with stylish pendant lighting opens into an extra-large living area, perfect for entertaining.

The spacious alcove comfortably fits a queen bed with side tables, while a wall of closets provides excellent storage. Enjoy abundant natural light from sunny south-facing windows, and stay comfortable year-round with a brand-new, through-the-wall AC unit.

This well-maintained building offers an array of conveniences: co-purchasing, gifting, and pied-à-terre ownership are all permitted. Amenities include a bike room, rentable storage, a new video intercom system, live-in super, and a laundry room with brand-new machines.

All of this just moments from the 6 train, the 2nd Ave Select Bus, Trader Joe's, Fairway, AMC Loews, Starbucks, and more. A fantastic opportunity to own in a vibrant and convenient neighborhood!

Features & Amenities

Interior Features

Building Other

Exterior Features

None

Building Amenities

Bike Storage Elevators

Building Information

Financial Details

Maintenance $1,307/mo
Original Price $425,000
Previous Price $419,000

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

$845K

Median $/Sqft

$1,398

Avg Days on Market

N/A

New This Week

5

Price Reduced

31%

Sold (30 Days)

18

Median Sale Price

$833K

Live data from RLS at REBNY • Updated 5/3/26, 10:28 PM EST

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Location

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229 E 28TH Street #4D, Kips Bay, New York County

Building Information

Official NYC property records for this building

1962
Year Built
64 years old
7
Floors
84
Residential Units
R8B
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $6,571,350
Land Value: $477,000
Exemptions: $62,928

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

Lot Area: 9,875 SF
Building Area: 44,912 SF
Built FAR: 4.55
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 monthly maintenance are $1,307 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 0 bedrooms and 1 full bathroom.

According to MLS records, the building was constructed in 1962, making it approximately 64 years old.

This listing is a co-op (stock cooperative). Buyers purchase shares in a corporation rather than real property, and the board must approve all sales.

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: RLS20045344
First Listed: 9/2/2025
On Market: 9/2/2025
Price Changed: 4/16/2026
Contract Date: 9/2/2025

Listing Courtesy of Platinum Forbes Global Properties - Jeff Gordon

Listing Contact: (917) 386-7553

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 5/4/2026 at 2:28 AM UTC

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