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… Read More 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. Read Less
Listing Courtesy of: Sophia Guinchard, Serhant
Listing Snapshot
Days Online
148
Last Updated
Property Type
MultiFamily
Beds
10
Full Baths
4
Square Ft.
5,906
Lot Size
0.05 Acres
Year Built
1915
MLS Number
RLS20007871
30 Days Snapshot Of 10016
$1.74M
+45%
(avg) sold price
38
-13%
homes sold
125
-23%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Entry Level: 1, Features: GreenBuilding, Living Area Units: SquareFeet, Rooms Total: 15, Structure Type: Townhouse
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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