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Listing Courtesy of Serhant
$ 4,450,000
Est. payment | /mo
10 Beds
4 Baths
5,906 SqFt
$ 4,450,000
Est. payment | /mo
10 Beds
4 Baths
5,906 SqFt
OPEN HOUSE
Sun May 18, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,906 sqft
Price per Sqft $753
Subdivision Kips Bay
MLS Listing ID RLS20007871
Bedrooms 10
HOA Y/N No
Year Built 1915
Annual Tax Amount $71,424
Property Sub-Type Multi Family
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.
Location
State NY
County New York
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Other
Fireplace No
Laundry In Unit
Exterior
Exterior Feature PrivateOutdoorSpaceOver60Sqft
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 1
New Construction No
Others
Pets Allowed Pets Allowed
Ownership None
Monthly Total Fees $5, 952
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by Real Broker, LLC
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