Image Modal
For Sale
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street
131 E 29TH Street

131 E 29TH Street

131 E 29TH Street, New York City, NY 10016

$4,450,000

  • 10 BEDROOMS
  • 4 FULL BATHS
  • 5,906 Sq.Ft.

Property 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.

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.

Overview

Property Type
Multi-family
Location
131 E 29TH Street, New York City, NY 10016
MLS ID
RLS20007871
Listing Last Updated
3/9/2025 2:57 PM

Property Features & Amenities

Interior

Total Bedrooms
10
Full Bathrooms
4
Other Interior Features
Smoke Free

Exterior

Stories
1
Air Conditioning
Other
Other Exterior Features
Private Outdoor Space Over 60 Sqft

Details

Neighborhood
Kips Bay
View Description
Other

Financial

Price
$4,450,000
Real Estate Tax
$71,424/yr

Request a Tour

Friday
30
May
Saturday
31
May
Sunday
01
Jun
Monday
02
Jun
Tuesday
03
Jun
Wednesday
04
Jun
Thursday
05
Jun

Schedule a Tour

Enter a valid email

Thank you for your interest!

Your request for a tour of 131 E 29TH Street, New York City, NY 10016 has been received and an agent will reach out shortly

Done

Exclusive Listing Agents

Sophia Guinchard

Licensed Associate Real Estate Broker

(832) 291-7342

SERHANT. Lifestyle Index

Amplifying our listings by providing geo-targeted data insights that matter most.
  • culture
  • culinary
  • transportation
  • character
This page can't load Google Maps correctly.
Do you own this website?

The Neighborhood

Kips Bay

Mortgage Calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

$32,074 Your Payment $26,122 $5,952 $0
$32,074 Your Payment

Get In Touch

Sophia Guinchard
Sophia Guinchard
Licensed Associate Real Estate Broker
Please enter a valid email.

More Properties

Discover our expertly curated collection of properties for sale. With a focus on quality and value, we offer some of the best properties on the market.

For Sale

Listings Courtesy of Serhant

150 E 27TH Street 4FG
$1,465,000
150 E 27TH Street 4FG
  • 3 BEDS
  • 2 FULL BATHS
  • 1,400 Sq.Ft.
  • For Sale

    Listings Courtesy of Serhant

    303 E 33RD Street 7C
    $1,400,000
    303 E 33RD Street 7C
  • 1 BED
  • 1 FULL BATH
  • 1,048 Sq.Ft.