Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
229 E 28th Street #5L

For Sale · Listing by Keller Williams NYC

229 E 28th Street #5L

Kips Bay, Manhattan

$399,000

Interested in this property?
Active For Sale • Co-op

$399,000

229 E 28th Street #5L

Kips Bay, Manhattan

MLS® #RLS20117222

RLS at REBNY

Listing by Keller Williams NYC

Studio
1
Bath
N/A
Sq. Ft.
1962
Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Lot Size 9,875 sq ft
Year Built 1962
Ownership Co-op
Maintenance $1,115/mo
Neighborhood Kips Bay
Floor 5 of 7

Property Highlights

  • Views: Park Greenbelt, Garden
  • Exposure: North facing

Property Details

Type Co-op
Ownership Stock Cooperative
Total Rooms 3
Baths 1 Full
Floor 5 of 7
View Park Greenbelt, Garden
Exposure North
Pets Yes
Year Built 1962
Structure Type None
Flooring Hardwood
Furnished Unfurnished
Lot Size 9,875 sq ft
Block/Lot 00909/0015

Listing History

Event Date Price Change
Listed Sep 24, 2026 $399,000 -
Currently Sep 24, 2026 $399,000 -

Description

Recently renovated, this spacious Kips Bay studio combines a thoughtfully designed layout with modern finishes and an exceptionally convenient location. The generous main room comfortably accommodates distinct sleeping, living, dining, and work-from-home areas, offering flexibility rarely found in a studio. Hardwood floors and a large window create a warm, inviting living space with room for a queen-size bed, sofa, dining table, and additional furnishings. A separate kitchen keeps meal preparation comfortably apart from the living area and features dark wood cabinetry, stone countertops, stainless-steel appliances, and a gas range. Built in 1962, 229 East 28th Street is a well-maintained post-war cooperative on a picturesque, low-traffic block. The elevator building offers a virtual doorman and video intercom, a full-time superintendent, a renovated laundry room, bike storage, and individual storage lockers available for rent. With reasonable monthly maintenance and flexible purchasing policies, this well-run co-op welcomes pieds-à-terre, co-purchasing, gifting, and parents purchasing for children. Financing of up to 80% is permitted, and subletting is allowed after three years of ownership, subject to building policies and approval. The building is pet-friendly, permitting dogs up to 35 pounds. Enjoy easy access to neighborhood restaurants, cafés, and popular bars, with Trader Joe’s just a few blocks away. Convenient transportation and proximity to Murray Hill and Gramercy put shopping, dining, nightlife, and everyday essentials within easy reach.

Features & Amenities

Interior Features

Entrance Foyer Elevator Granite Counters High Ceilings Storage Common On Floor Common Area Laundry Room Flooring: Hardwood Double Pane Windows

Building Amenities

Elevators

Appliances

Stainless Steel Appliances

Building Information

Building Data View Compliance & Permits
Total Units 84
Stories 7
Structure None

Financial Details

Maintenance $1,115/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 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

135

Median Asking Price

$839K

Median $/Sqft

$1,401

Avg Days on Market

N/A

New This Week

10

Price Reduced

27%

Sold (30 Days)

12

Median Sale Price

$570K

Live data from RLS at REBNY • Updated 9/24/26, 3:20 PM EST

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Location

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229 E 28th Street #5L, Kips Bay, New York County

Floor Plans

Floor Plan 1

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: $70,146

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 $1,115 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $0, or roughly $0 per month. Verify the current assessment with your attorney before closing.

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 Milton Coste for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. 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: RLS20117222
First Listed: 9/24/2026
On Market: 9/24/2026
Price Changed: 9/24/2026
Contract Date: 9/21/2026

Listing Courtesy of Keller Williams NYC - Aaron Allen

Listing Contact: (917) 821-9402

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 9/24/2026 at 7:20 PM UTC

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Kips Bay Market Update

12 sales last 30 days · $839K median · 11.3 months supply

Read Full Report

New listings in this neighborhood

Quick Facts

Status Active Type Co-op Neighborhood Kips Bay Borough Manhattan
County New York
Floor 5 of 7
Year Built 1962
First Listed 9/24/2026
Maintenance $1,115/mo

Monthly Costs Estimate

Down Payment 20%

$79,800

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Maintenance $1,115
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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