Listing courtesy of Serhant LLC
131 East 29th Street, New York, (Kips Bay), NY, 10016
15 rooms
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.
Status:
Active
Town:
New York
Type:
Multi-family
Laundry Remarks:
InUnit
Zoning:
C6-2A
Building Type:
Townhouse
Cooling:
Unknown Type
Levels:
4
Amenities:
Laundry Room;
Building Access:
Walk-up
Service Level:
Voice Intercom
OLR #:
RPLU1032523373878
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