131 E 29Th St New York, NY 10016
Four-unit apartment building in Kips Bay with significant upside potential.
Lot size:
0.05 AcresProperty Features for 131 E 29Th St
General Information
- Property type
- Multi Family
- Standard status
- Pending
- Lot size
- 0.05 Acres
Building Details
- Year built
- 1915
Source:
Elliman
Listing Agent: Sophia Guinchard
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Kips Bay Multifamily Investment Opportunity
Located in Manhattan's Kips Bay neighborhood, 131 East 29th Street is a 5,200-square-foot, four-unit apartment building. The property, with a 20-foot frontage, is situated on a 98.75-foot lot between Lexington and Third Avenues. The lot size is 1,975 square feet. The building 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. The property will be delivered vacant. The zoning district is R8B, C6-2A. The building features high ceilings throughout and a private backyard on the garden level. The location provides access to Madison Square Park, Trader Joe's, Whole Foods, and Murray Hill Market, as well as various dining and entertainment options. Transportation is facilitated by the 6 train at 28th Street, B/D/F/M trains at Herald Square, and R/W trains at 28th Street and Broadway. This property presents an opportunity for investors seeking a turnkey asset.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9815292
- Latitude
- 40.743176
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four-unit apartment building in Kips Bay with significant upside potential.
Where is this quadplex located?
The property is located at 131 E 29Th St New York, NY.
What is the asking price?
The asking price for this property is $4,050,000.
What are key features of this property?
This property features: - Delivered Vacant: **Turnkey asset with significant upside potential for investors.**; - Protected Tax Class 2A: Predictable expenses with capped annual tax increases.; - Prime Kips Bay Location: Heart of Manhattan, close to amenities, dining, and entertainment.
