---
title: "131 East 29TH Street, New York, NY 10016"
description: "131 East 29TH Street, New York, NY 10016 — NYC real estate listing on Real Estate Rebate Team. Priced at $4,050,000. Est. potential buyer savings up to $101,250 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/131-east-29th-street-ny-10016"
source: "Real Estate Rebate Team"
---

# 131 East 29TH Street, New York, NY 10016

> **Listing Courtesy of:** Serhant

## Description

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.
 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.

## Property Details

- **Price**: $4,050,000
- **Potential Buyer Rebate**: $101,250
- **Bedrooms**: 10
- **Bathrooms**: 4
- **Living Area**: 5,906 sqft
- **Property Type**: Residential
- **Year Built**: 1915
- **Building**: 131 East 29TH Street
- **Neighbourhood**: Kips Bay
- **Area / Borough**: Manhattan
- **Subdivision**: Kips Bay
- **Listing Office**: Serhant
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$101,250** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/manhattan/131-east-29th-street)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/manhattan/kips-bay)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.