Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
217 E 31ST Street
Active For Sale Multi Family

$4,400,000

217 E 31ST Street

Kips Bay, Manhattan

MLS® #RLS20066282

RLS at REBNY

Listing by Douglas Elliman Real Estate

6

Bedrooms

5.5

Baths

Sq. Ft.

1899

Year Built

Quick Summary

Bedrooms 6
Bathrooms 5 full, 2 half
Lot Size 1,678.75 sq ft
Year Built 1899
Ownership None
Property Taxes $39,984/yr
Neighborhood Kips Bay
Floor 1 of 3

Property Highlights

  • Views: Other
  • Fireplace: 1 fireplace
  • Character: Pre-war building (1899)

Property Details

Type Multi Family
Ownership None
Total Rooms 10
Baths 4 Full, 2 Half
Floor 1 of 3
View Other
Pets Yes
Year Built 1899
Structure Type Townhouse
Basement Other
Lot Size 1,678.75 sq ft
Parcel # 0912-0011
Block/Lot 00912/0011

Description

Located on a beautiful tree-lined block in the heart of Kips Bay, this two-family double-duplex townhome is in outstanding structural and mechanical shape and offers tremendous versatility to the discerning buyer. Currently, both duplexes are configured as 3BR/2.5ba apartments. The lower level features a glass wall formed of pivoting panoramic panels, creating a seamless transition for indoor-outdoor living--providing exceptional natural light--and a four-season view of the enormous and graciously landscaped stone terrace with planting beds hugging the perimeter. It also has exclusive access to the full-size unfinished basement. The upper level features an upgraded kitchen and offers a cohesive interior stairway directly to a (currently unfinished) roof with open views. There's lovely northern and southern light throughout, terrific storage, and a total of five usable floors.

Perched on a 17 x 98.75 lot, 217 East 31st Street is a gorgeous property that boasts over 1,700 square feet of FAR/buildable SF and can easily be turned into a gargantuan stunner of a single-family if you desire. Alternatively, you can keep it as is and live in one while renting out the other, or simply rent both units out and achieve tremendous income without the burden of common charges/HOA's. Will be delivered vacant. The 6 train is three blocks away. Don't miss your shot at this one-of-a-kind opportunity! Contact us today to schedule your private showing. Kindly note that photos have been virtually staged to provide a sense of scale.

Features & Amenities

Interior Features

Smoke Free In Unit Fireplace (1)

Exterior Features

Private Outdoor Space Under60 Sqft

Building Amenities

Green Building

Appliances

Washer Dryer Allowed

Building Information

Total Units 2
Stories 3
Structure Townhouse

Financial Details

RE Taxes $39,984/yr ($3,332/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

98

Median Asking Price

$855K

Median $/Sqft

$1,779

Avg Days on Market

N/A

New This Week

11

Price Reduced

37%

Sold (30 Days)

16

Median Sale Price

$880K

Live data from RLS at REBNY • Updated 2/16/26, 8:41 PM EST

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Location

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217 E 31ST Street, Kips Bay, New York County

MLS® ID: RLS20066282
First Listed: 1/10/2026
On Market: 1/10/2026
Price Changed: 1/10/2026
Contract Date: 1/10/2026

Listing Courtesy of Douglas Elliman Real Estate - GABRIEL LEIBOWITZ

Listing Contact: (917) 312-5624

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 at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 2/17/2026 at 1:41 AM UTC

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