Sold on 3/31/2020 for $6,500,000
138-140 E 30th Street
MLS® #RLS10604862
Listing by Compass
10
Bedrooms
10
Baths
6,517
Sq. Ft.
1899
Year Built
Quick Summary
Property Highlights
- Views: City
- Outdoor Space: Building Terrace, Terrace, Balcony
- Style: Prewar architecture
Property Details
Description
The Beyond Capital Team is pleased to offer the combined sale of 138-140 E 30th Street, located between 3rd Avenue and Lexington Avenue in the Kips Bay section of Manhattan, New York. 138 & 140 East 30th Street, are two contiguous beautifully pointed brick facade apartment buildings with arched front windows and adorned with original wrought iron balconies and front fencing. Located on a quiet tree-lined street in Kip?s Bay steps away from the bustling and vibrant neighborhoods of Murray Hill, Madison Square Park, and Gramercy Park. Kip?s Bay is an extremely vibrant neighborhood consisting of high end residential, commercial, hospitals, schools, and an array of retail destinations culminating into a very desirable neighborhood to live in. The subject properties offer a multitude of uses potentially fitting the needs for many types of investor or users. 138-140 E 30th have the ability to be delivered with a existing rent roll in place with the upside to increase the CAP Rate.
Additional buyers will be provided with suggested plans to convert the triplex 5 bedroom into 6 studios to increase the rent roll. The additional 3,359 SQ FT of air rights can be used for an extension of the existing structures. Upon request, we can provide you with current rent rolls along with the short term leases we have in place, proposal from the architect to convert the 5 bedroom triplex into 6 studios and the option to add on to the current building.
Current GROSS RENT ROLL: 425,346.00
Current Net Operating Income: 286,462.08
Current CAP RATE: 4.24%
Proposed GROSS RENT ROLL: 463,200.00
Proposed Net Operating Income: 323,559.00
Proposed CAP RATE: 4.79%
For Viewings, Please Contact Mirza Avdovic of COMPASS.
Features & Amenities
Exterior Features
Building Information
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, 6:17 AM EST
Location
138-140 E 30th Street, Kips Bay, New York County • Near Lexington Avenue/Third Avenue
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.
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Listing Courtesy of Compass - Mirza Avdovic
Listing Contact: (212) 301-1140
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RLS Data display by Keller Williams NYC. Data last updated on 2/27/2026 at 11:17 AM UTC