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Renovated Residential Income Property
For Sale
$399,000

229 E 28th Street 5L, New York City, NY 10016

The studio has a separate kitchen and building access to laundry, bike storage, and individual storage lockers.

Property SizeContact for details
Days on Market16

Property Features for 229 E 28th Street 5L

General Information

Standard status Active
Elevators Yes
Property subtype Apartment

Units

Unit Mix 1 x studio
Multifamily Units 1

Amenities

virtual doorman
video intercom
full-time superintendent
renovated laundry room
bike storage
storage lockers

Building Details

Year Built 1962
Listing Agency: Keller Williams NYC
Listed By: Aaron Allen · License #10301219821
Source: Nilelundgren
Added: Sep 24 Changed: Oct 8 Last Checked: Oct 7 at 4:34PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams NYC

Investment Insights

Based on property information with market context.

This renovated studio is in a 1962 post-war cooperative. Its main room accommodates separate sleeping, living, dining, and work areas, while a distinct kitchen is fitted with dark wood cabinets, stone counters, stainless-steel appliances, and a gas range. Hardwood flooring and a large window are also part of the unit.

The elevator building provides a virtual doorman, video intercom, full-time superintendent, renovated laundry room, bike storage, and storage lockers available for rent. The property is at 229 East 28th Street in New York City, near restaurants, cafes, bars, and a Trader Joe’s. Transportation access and proximity to Murray Hill and Gramercy connect residents with additional neighborhood shopping and dining.

The cooperative permits financing of up to 80%. Subletting may begin after three years of ownership, subject to building policies and approval. Purchasing arrangements include pied-à-terre use, co-purchasing, gifting, and parent purchases for children. Dogs up to 35 pounds are permitted.

Key Highlights

  • Renovated studio with a separate kitchen and flexible main‑room layout
  • Kitchen includes stone counters, dark wood cabinetry, stainless‑steel appliances, and a gas range
  • 1962 elevator cooperative with virtual doorman, video intercom, and full‑time superintendent

Property Analytics

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Current Use

Image King Visuals Printing Service Big Apple Studios Film Production DTAC Theater & Performing Art Venue NTD Television Media Distribution Mission NYC Nightclub

Suggested Use

Top Pick Buffet Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store Parking Lot & Garage Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

62,020
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential income property - The studio has a separate kitchen and building access to laundry, bike storage, and individual storage lockers.
Where is this residential income property located?
The property is located at 229 E 28th Street 5L New York City, NY.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Renovated studio with a separate kitchen and flexible main‑room layout; Kitchen includes stone counters, dark wood cabinetry, stainless‑steel appliances, and a gas range; 1962 elevator cooperative with virtual doorman, video intercom, and full‑time superintendent
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