Under Contract – Backup offers may be accepted
131 E 29TH Street
MLS® #RLS20007871
Listing by Serhant
10
Bedrooms
4
Baths
5,906
Sq. Ft.
1915
Year Built
Quick Summary
Property Highlights
- Views: Other
- Climate Control: Other
- Character: Pre-war building (1915)
Property Details
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
Exterior Features
Building Amenities
Building Information
Financial Details
About Kips Bay
View All Kips Bay ListingsKips 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 NeighborhoodActive 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, 4:24 AM EST
Recently Sold in Kips Bay
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Location
131 E 29TH Street, Kips Bay, New York County
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.
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 9:24 AM UTC