Pending For Sale • Multi Family

$4,050,000

$686 per sq ft

131 E 29TH Street

Kips Bay, Manhattan

MLS® #RLS20007871

Listing by Serhant

10

Bedrooms

4

Baths

5,906

Sq. Ft.

1915

Year Built

Quick Summary

Bedrooms 10

Bathrooms 4

Living Area 5,906 sq ft

Lot Size 1,975 sq ft

Year Built 1915

Ownership None

Property Taxes $71,424/yr

Neighborhood Kips Bay

Floor 1 of 1

Property Highlights

• Views: Other
• Climate Control: Other
• Character: Pre-war building (1915)

Property Details

Type Multi Family

Ownership None

Total Rooms 15

Baths 4 Full

Floor 1 of 1

View Other

Cooling Other

Pets Yes

Year Built 1915

Living Area 5,906 sq ft

Structure Type Townhouse

Basement Other

Lot Size 1,975 sq ft

Parcel # 0885-0030

Block/Lot 00885/0030

Description

Discover an exceptional investment opportunity at 131 East 29th Street, a pristine 5,200-square-foot, 4-unit apartment building in the heart of Manhattan's Kips Bay neighborhood. This well-maintained 20-foot-wide property sits on a generous 98.75-foot lot between Lexington and Third Avenues. Having been under the same ownership for over 40 years, this building presents an outstanding opportunity for investors seeking a turnkey asset with significant upside potential. The property will be delivered vacant and benefits from protected tax class 2A status, ensuring predictable expenses with annual tax increases capped at 8 percent year-over-year or 30 percent over five years.

Features:

5,906 Square Feet

4-Unit Apartment Building

20-foot-wide Frontage

98.75-foot Lot

Lot Size 1,975

Zoning district R8B, C6-2A

Private Backyard On The Garden Level

High Ceilings Throughout The Building

Situated in the heart of Kips Bay, this property offers residents easy access to numerous amenities including Madison Square Park, Trader Joe's, Whole Foods, Murray Hill Market, and diverse dining and entertainment options. Excellent transportation access with the 6 train at 28th Street, B/D/F/M at Herald Square, and R/W trains at 28th Street and Broadway. The property's prime location, protected tax status, and flexible layout make it an exceptional investment opportunity in one of Manhattan's most desirable neighborhoods.

Features & Amenities

Interior Features

Smoke Free In Unit

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Green Building

Building Information

Total Units -1

Stories 1

Structure Townhouse

Financial Details

RE Taxes $71,424/yr ($5,952/mo)

Original Price $4,450,000

Previous Price $4,450,000

About Kips Bay

View All Kips Bay Listings

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

100

Median Asking Price

$855K

Median $/Sqft

$1,779

Avg Days on Market

N/A

New This Week

1

Price Reduced

36%

Sold (30 Days)

12

Median Sale Price

$888K

Live data from RLS at REBNY • Updated 2/27/26, 2:36 AM EST

Recently Sold in Kips Bay

View All

Closed

$6,500,000

138-140 E 30th Street

10 bed 10 bath 6,517 sqft

Single Family Residence • RLS #RLS10604862

Location

Loading map...

131 E 29TH Street, Kips Bay, New York County

NYC Zoning • Google Maps • Street View

Data Sources & Methodology

Listing Data

RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.

Market Data

RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.

Map & Location

OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.

All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.

MLS® ID: RLS20007871

First Listed: 3/9/2025

On Market: 3/9/2025

Price Changed: 12/31/2025

Pending Since: 6/2/2025

Contract Date: 3/9/2025

Listing Courtesy of Serhant - Sophia Guinchard

Listing Contact: (832) 291-7342

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.

RLS Data display by Keller Williams NYC. Data last updated on 2/27/2026 at 7:36 AM UTC