--- title: "131 East 29th Street, New York City, NY 10016" description: "131 East 29th Street, New York City, NY 10016 — Multi Family Home in Kips Bay, Manhattan, NY. Listing Price $4,050,000. In contract 5/28/2025. 10 bed, 4 bath, 5,906 sqft Illustrative Buyer Commission Share of $60,750 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/131-east-29th-street-ny-10016" source: "Real Estate Rebate Team" status: "Pending" --- # 131 East 29th Street, New York City, NY 10016 Multi Family Home in Kips Bay, Manhattan, NY Courtesy of Serhant ## At a Glance - **Listing Price**: $4,050,000 - **Status**: In contract 5/28/2025 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 10 - **Baths**: 4 - **Sqft**: 5,906 - **Monthly Taxes**: $5,952 / mo - **Price per Sqft**: $686 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $4,050,000 - **Illustrative Buyer Commission Share**: -$60,750* - **Illustrative Net Cost**: $3,989,250 *Illustrative Buyer Savings of $60,750 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (9) ![131 East 29th Street, New York City, NY 10016 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7070de21-52bb-44c9-a9ac-57861c7bbddf.png) ![131 East 29th Street, New York City, NY 10016 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fb28bd04-ab6e-4057-b460-f3a819fbcbb8.png) ![131 East 29th Street, New York City, NY 10016 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/489954e7-0b71-4897-b729-d795f9b916ab.png) ![131 East 29th Street, New York City, NY 10016 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/379eff46-ed02-47df-b1e9-938dca43952a.png) ![131 East 29th Street, New York City, NY 10016 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/70b0b5f1-7d4a-4a3c-980b-fa064dcfc7aa.png) ![131 East 29th Street, New York City, NY 10016 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/da4495dc-b17b-4303-a80c-69873e56b3ae.png) ![131 East 29th Street, New York City, NY 10016 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ef695bda-8259-4924-8ed2-e740cfd753c1.png) ![131 East 29th Street, New York City, NY 10016 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/353a18ad-cb9e-44f1-a181-434d52d8dd98.png) ![131 East 29th Street, New York City, NY 10016 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/26b29acc-577d-45f1-a995-08098334b98d.png) ## Property Overview 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 - **Property Type**: Multi Family - **Beds**: 10 - **Baths**: 4 - **Rooms**: 15 - **Sqft**: 5,906 sqft - **Stories**: 1 - **Year Built**: 1915 - **Price per Sqft**: $686 - **Monthly Taxes**: $5,952 / mo - **Listed On**: Mar 9, 2025 - **Days on Market**: 557 Days ### Residence Features - In Unit - Private Outdoor Space Over 60 Sqft - Smoke Free ## Estimated Monthly Payment **$26,431 / month**, assuming a 20% down payment ($810,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $20,479 - **Property Taxes**: $5,952 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Price and Property History for 131 East 29TH Street Review the recorded listing activity for 131 East 29TH Street, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $400,000, or 9%, on December 31, 2025 - **Originally listed**: March 9, 2025 at $4,450,000 | Date | Price | Listing event | | --- | --- | --- | | December 31, 2025 | $4,050,000 | Asking price reduced by $400,000, or 9% | | June 23, 2025 | $4,050,000 | Returned to the market | | May 28, 2025 | $4,050,000 | Entered contract | | March 9, 2025 | $4,450,000 | Listed for sale by Serhant | ## Property Tax History Taxes at 131 East 29th Street were $82,593 in 2026, up 7.1% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $1,728,000 | $598,500 | $1,129,500 | $660,741 | $82,593 | 12.5% (estimated) | | 2025 (FY 2025/26) | $1,440,000 | $598,500 | $841,500 | $616,948 | $77,119 | 12.5% (estimated) | | 2024 (FY 2024/25) | $1,299,780 | $598,500 | $701,280 | $571,250 | $71,406 | 12.5% | | 2023 (FY 2023/24) | $1,083,150 | $598,500 | $484,650 | $571,250 | $71,418 | 12.502% | | 2022 (FY 2022/23) | $1,354,050 | $598,500 | $755,550 | $541,343 | $66,407 | 12.267% | | 2021 (FY 2021/22) | $1,170,900 | $598,500 | $572,400 | $508,262 | $62,186 | 12.235% | | 2020 (FY 2020/21) | $1,230,300 | $598,500 | $631,800 | $474,575 | $58,216 | 12.267% | | 2019 (FY 2019/20) | $1,263,600 | $598,500 | $665,100 | $439,423 | $54,809 | 12.473% | | 2018 (FY 2018/19) | $439,423 | — | — | $439,423 | $55,420 | 12.612% | | 2017 (FY 2017/18) | $416,418 | — | — | $416,418 | $52,964 | 12.719% | | 2016 (FY 2016/17) | $390,971 | — | — | $390,971 | $50,404 | 12.892% | | 2015 (FY 2015/16) | $365,058 | — | — | $365,058 | $47,030 | 12.883% | | 2014 (FY 2014/15) | $338,018 | — | — | $338,018 | $43,452 | 12.855% | | 2013 (FY 2013/14) | $338,018 | — | — | $338,018 | $44,432 | 13.145% | | 2012 (FY 2012/13) | $320,322 | — | — | $320,322 | $42,222 | 13.181% | | 2011 (FY 2011/12) | $300,747 | — | — | $300,747 | $40,399 | 13.433% | | 2010 (FY 2010/11) | $280,814 | — | — | $280,814 | $37,497 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 1008850030. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 131 East 29th Street 131 East 29th Street, New York, NY 10016 A building in the neighborhood, currently featuring 0 active listings. - **Year Built**: 1915 - **Active Units**: 0 - **Floors**: 1 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/131-east-29th-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/131-east-29th-street-ny-10016) | 10 | 4 | 5,906 sqft | $686 | $4,050,000 (-9.0%) — In contract | Serhant | Mar 9, 2025 | 557 days | ## Kips Bay Medical Mile & Value [Explore Kips Bay](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Kips Bay - [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) - [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy) - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town) - [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown) - [East Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-village) ## Related Links - [131 East 29TH Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/131-east-29th-street) - [Kips Bay neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.