---
title: "223-225 East 31st Street, New York City, NY 10016"
description: "223-225 East 31st Street, New York City, NY 10016 — Townhouse in Kips Bay, Manhattan, NY. Listing Price $8,500,000. 4 bed, 6 bath, 9,071 sqft Illustrative Buyer Commission Share of $127,500 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/223-225-east-31st-street-ny-10016"
source: "Real Estate Rebate Team"
dateModified: "2026-09-08T18:59:49.443Z"
status: "Active"
---

# 223-225 East 31st Street, New York City, NY 10016

Townhouse in Kips Bay, Manhattan, NY

Courtesy of Compass

Last updated: September 8, 2026, 2:59 PM

## At a Glance

- **Listing Price**: $8,500,000
- **Beds**: 4
- **Total Baths**: 6
- **Sqft**: 9,071
- **Monthly Taxes**: $5,931 / mo
- **Price per Sqft**: $937
- **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**: $8,500,000
- **Illustrative Buyer Commission Share**: -$127,500*
- **Illustrative Net Cost**: $8,372,500

*Illustrative Buyer Savings of $127,500 — 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 (10)

![223-225 East 31st Street, New York City, NY 10016 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f1f4218a-4131-40c0-a235-2d4a13b1e635.jpg)
![223-225 East 31st Street, New York City, NY 10016 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e8c6cfee-2860-4b29-abb9-cc4e7aeec223.jpg)
![223-225 East 31st Street, New York City, NY 10016 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d7bc7d19-afc6-46e3-9507-e385ff790a95.jpg)
![223-225 East 31st Street, New York City, NY 10016 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/82064639-4ebd-45cd-9cec-9702b9a96a17.jpg)
![223-225 East 31st Street, New York City, NY 10016 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/942178e1-6cda-42e1-9704-70219582e5ec.jpg)
![223-225 East 31st Street, New York City, NY 10016 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e3070490-3bc5-4c34-b28e-e4c7bfb1db86.jpg)
![223-225 East 31st Street, New York City, NY 10016 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b08203f5-719d-40bd-8edc-413dcad217fa.jpg)
![223-225 East 31st Street, New York City, NY 10016 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/290fc53b-3f9c-4115-97db-4edcc0473ec1.jpg)
![223-225 East 31st Street, New York City, NY 10016 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f5e4842c-27e9-4494-8c80-0d4e8da502b4.jpg)
![223-225 East 31st Street, New York City, NY 10016 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c8220db9-5e0b-446f-b234-a06cfaf3b7eb.jpg)

## Property Overview

Every house has a story, but this houses at 223–225 East 31st Street had quite a storied past.
Let’s focus on the offering for now.
In Murray Hill, this property presents a once-in-a-generation opportunity to acquire a double wide townhouse, a combination of 2 townhouses with one certificate of occupancy.  The house spans an impressive 33 feet wide by 98 feet deep. Encompassing approximately 9,071 square feet, this 4 story mixed-use property offers scale, flexibility, and distinction rarely found in Manhattan. The property offers an additional buildable FAR of 2216 sq. ft.
223-225 East 31st Street are 2 of 4 identical townhouses built in a row from  221 through 227 East 31st Street.  They were built around 1858 in the Anglo-Italianate style and uncharacteristic of these houses but in the area, these houses were built with Ornate Cast iron Lintels above all the windows with French inspired backets and keystones.  While some sources list the construction date as 1901, historical records indicate they were originally completed in the late 1850s. The original architect for the row is not explicitly named in common historical records, which was typical for mid-century speculative housing.  We are in the process of searching for more historical records.
Commercial Space (First & Second Floors + Basement)
The ground level features a welcoming reception area (easily reconfigured to suit a variety of uses), a kitchen, two half bathrooms, one on-site parking garage space, and three private offices. Toward the rear, a studio space that was built of the garden of both houses at a dramatic 23 Ft tall 42 ft long by 30 ft wide, with a retractable sunroof creates a striking architectural focal point. This unique volume has been featured in the HBO series And Just Like That..., the continuation of Sex and the City. What we do know from historical records was this building was purchased by the first Chinese Presbyterian Church in New York and was also a school and the massive structure was likely their gymnasium.
The commercial portion also offers direct access to a full-lot basement, providing substantial additional storage or functional space.
The Second Floor includes one full bathroom and multiple vacant rooms with hardwood floors and floor to ceiling multipaned windows overlooking East 31st Street, allowing for abundant natural light throughout.
Third Floor at approximately 1897 sq ft., is a residential apartment that spans the entire width and length of the floor. A generous floorplan consisting of 2 bedrooms, 2 bathrooms, a large living dining area and a sunroom that leads to a large private terrace, creating a seamless indoor-outdoor living experience.
Fourth Floor at approxamtely 1500 sq ft. is currently a 2 bedroom 2 bath apt with an oversized living room w skylight and a cooks size kitchen.
This is an exceptional opportunity for developers, investors, end-users, or live-work buyers seeking scale, income potential, and architectural character in a prime Manhattan location.
223 East 31st Street sits quietly along the north side of East 31st Street between Second and Third Avenue — a refined, townhouse-lined stretch that feels distinctly residential despite being moments from Midtown’s core. Flanked by elegant brownstones, the block offers privacy and charm rarely found this close to Manhattan’s major corridors. Yet within half a block, the setting transitions seamlessly into a vibrant, service-rich neighborhood environment.
To the east, Second Avenue, residents and tenants enjoy immediate access to daily conveniences including supermarkets, cafés, fitness studios, and neighborhood retailers, as well as AMC Theatres, which anchors evening and weekend foot traffic. Two blocks away, NYU Langone Health serves as one of Manhattan’s premier medical institutions.
To the west, Third Avenue offers a lively mix of sit-down restaurants, boutique shops, specialty services, veterinary urgent care and neighborhood staples that give this pocket o

## Property Details

- **Property Type**: Mixed Use
- **Beds**: 4
- **Total Baths**: 6
- **Rooms**: 15
- **Sqft**: 9,071 sqft
- **Stories**: 4
- **Year Built**: 1920
- **Price per Sqft**: $937
- **Monthly Taxes**: $5,931 / mo
- **Listed On**: Apr 10, 2026
- **Days on Market**: 155 Days

### Residence Features

- Common On Floor
- See Remarks
- Garage
- Private Entrance
- Private Outdoor Space Over 60 Sqft
- High Ceilings
- Hardwood
- Full

### Building Amenities

- Garage

## Price and Property History for 223-225 East 31st Street

Review the recorded listing activity for 223-225 East 31st Street, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $1,000,000, or 10.5%, on September 8, 2026
- **Originally listed**: January 24, 2026 at $9,500,000
- **Current asking price**: $8,500,000

| Date | Price | Listing event |
| --- | --- | --- |
| September 8, 2026 | $9,500,000 | Listing removed from the market |
| September 8, 2026 | $8,500,000 | Asking price reduced by $1,000,000, or 10.5% |
| September 1, 2026 | $9,500,000 | Listing removed from the market |
| June 30, 2026 | $9,500,000 | Asking price increased by $50,000, or 0.5% |
| January 24, 2026 | $9,500,000 | Listed for sale by Compass |

## Property Tax History

Taxes at 223-225 East 31st Street were $72,048 in 2026, up 6.0% from 2025.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $593,760 | $361,800 | $231,960 | $358,716 | $72,048 | 20.085% (estimated) |
| 2025 (FY 2025/26) | $545,280 | $361,800 | $183,480 | $338,412 | $67,970 | 20.085% (estimated) |
| 2024 (FY 2024/25) | $600,960 | $361,800 | $239,160 | $338,411 | $67,970 | 20.085% |
| 2023 (FY 2023/24) | $612,960 | $369,000 | $243,960 | $335,874 | $67,460 | 20.085% |
| 2022 (FY 2022/23) | $492,300 | $369,000 | $123,300 | $316,862 | $64,352 | 20.309% |
| 2021 (FY 2021/22) | $438,060 | $369,000 | $69,060 | $298,930 | $59,675 | 19.963% |
| 2020 (FY 2020/21) | $497,100 | $369,000 | $128,100 | $282,010 | $59,349 | 21.045% |
| 2019 (FY 2019/20) | $523,260 | $369,000 | $154,260 | $282,009 | $59,693 | 21.167% |
| 2018 (FY 2018/19) | $279,895 | — | — | $279,895 | $58,551 | 20.919% |
| 2017 (FY 2017/18) | $264,052 | — | — | $264,052 | $53,827 | 20.385% |
| 2016 (FY 2016/17) | $249,108 | — | — | $249,108 | $49,799 | 19.991% |
| 2015 (FY 2015/16) | $235,008 | — | — | $235,008 | $45,953 | 19.554% |
| 2014 (FY 2014/15) | $235,008 | — | — | $235,008 | $45,020 | 19.157% |
| 2013 (FY 2013/14) | $233,246 | — | — | $233,246 | $44,762 | 19.191% |
| 2012 (FY 2012/13) | $220,044 | — | — | $220,044 | $40,860 | 18.569% |
| 2011 (FY 2011/12) | $207,590 | — | — | $207,590 | $37,792 | 18.205% |
| 2010 (FY 2010/11) | $195,840 | — | — | $195,840 | $34,006 | 17.364% |

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 1009120014. 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

### 223-225 East 31st Street

223-225 East 31st Street, New York, NY 10016

A building in the neighborhood, currently featuring 1 active listing.

- **Year Built**: 1920
- **Total Units**: 1
- **Floors**: 4

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/223-225-east-31st-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/10016/223-225-east-31st-street-ny-10016) | 4 | 5 | 9,071 sqft | $937 | $8,500,000 (-10.5%) | Compass | Apr 10, 2026 | 154 days |

## Estimated Monthly Payment

**$48,912 / month**, assuming a 20% down payment ($1,700,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $42,981
- **Property Taxes**: $5,931

Estimates only. Actual payments may vary. Confirm terms with your lender.

## 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)
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- [East Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-village)

## Related Links

- [223-225 East 31st Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/223-225-east-31st-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.