131 E 29TH St, New York, NY 10016

Building Details

Year Built

1915

Listing office s***@serhant.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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Overview

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.

Suggested Use

Buffet Pet Grooming Service Butcher (Bike/Boat/Book/etc) Store Restaurant Restaurant Restaurant Restaurant Restaurant Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

New York

County

New York

State

New York

Longitude

-73.9815

Latitude

40.7432

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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.