--- title: "229 East 28th Street #4M, New York City, NY 10016" description: "229 East 28th Street #4M, New York City, NY 10016 — Kips Bay, New York City, NY. Listing Price $475,000. In contract 8/24/2026. 1 bed, 1 bath Illustrative Buyer Commission Share of $7,125 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/229-east-28th-street-m-4M-ny-10016" source: "Real Estate Rebate Team" dateModified: "2026-08-25T07:18:59.562Z" status: "Pending" --- # 229 East 28th Street #4M, New York City, NY 10016 Kips Bay, New York City, NY Courtesy of Bank Neary Inc Last updated: August 25, 2026, 3:18 AM ## At a Glance - **Listing Price**: $475,000 - **Status**: In contract 8/24/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 1 - **Baths**: 1 - **Common Charges**: $1,898 / mo - **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**: $475,000 - **Illustrative Buyer Commission Share**: -$7,125* - **Illustrative Net Cost**: $467,875 *Illustrative Buyer Savings of $7,125 — 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) ![229 East 28th Street #4M, New York City, NY 10016 — photo 1 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/eabb47c2-da90-4014-bbe9-889d633a530e.jpg) ![229 East 28th Street #4M, New York City, NY 10016 — photo 2 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8784c4db-1848-46d7-b146-55aa36cb8e9f.jpg) ![229 East 28th Street #4M, New York City, NY 10016 — photo 3 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f77c496f-3c2a-4b99-8f81-95a3e958db76.jpg) ![229 East 28th Street #4M, New York City, NY 10016 — photo 4 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5d4da7fb-9e29-4b57-b510-1809a8d183c1.jpg) ![229 East 28th Street #4M, New York City, NY 10016 — photo 5 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/f5c4282d-5bc7-435f-b844-8725b47f06f6.jpg) ![229 East 28th Street #4M, New York City, NY 10016 — photo 6 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/7ffac74a-74a7-4eda-bbae-4a44b4380860.jpg) ![229 East 28th Street #4M, New York City, NY 10016 — photo 7 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/91387f6f-875e-4652-a1b9-2e8273cd1e6c.jpg) ![229 East 28th Street #4M, New York City, NY 10016 — photo 8 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d276e873-ac9c-4e6a-b4f9-9a6a8c40b63f.jpg) ![229 East 28th Street #4M, New York City, NY 10016 — photo 9 of 9](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/707eccfb-435f-42af-9e40-4fdb64bf71d9.jpg) ## Property Overview A thoughtful renovation and views over the gardens at the rear of the building distinguish this inviting Kips Bay one-bedroom. A generous entry foyer with built-in shelving and a large closet provides a welcoming introduction to the home, while custom millwork conceals both the heating and through-the-wall air conditioning. Clean finishes and abundant storage are found throughout. The open kitchen and living room form a welcoming great room anchored by rich wood cabinetry, stone countertops and a suite of stainless steel appliances, including a Liebherr refrigerator, Bosch dishwasher, gas range and wine cooler. A wraparound counter provides additional workspace and helps define the kitchen within the larger living area. North-facing windows overlook the gardens and neighboring buildings at the rear of the property rather than the street, bringing soft natural light into the apartment. The bedroom accommodates a king-sized bed and additional furniture. The contemporary renovated bathroom is anchored by a striking mosaic feature wall framed by black-and-white tile. A pedestal sink and framed mirror complete the design. This pet-friendly elevator building permits dogs up to 35 pounds and features a renovated laundry room, bike storage, private storage lockers and a video intercom. Pieds-à-terre, co-purchasing, gifting and parents purchasing for children are permitted, and subletting is allowed after three years of ownership. Madison Square Park, Trader Joe's, the 40,000-square-foot Fairway Market and NYU Langone Health are all nearby. Marta, 2nd Ave Deli and Bhatti Indian Grill are just a few of the neighborhood's well-known restaurants, and the 6 train at Park Avenue South provides direct access to Grand Central and Union Square. Furnished photographs are virtually staged. ## Property Details - **Property Type**: Co-op - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Stories**: 7 - **Year Built**: 1962 - **Common Charges**: $1,898 / Monthly - **Listed On**: Jun 18, 2026 - **Days on Market**: 83 Days ### Residence Features - Building Other ## Sales Evidence ### Recent closed sales 28 apartments at Alan J. Marcus Comp have recorded sales since September 2021, the most recent for $380,000 in August 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | [5F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/229-east-28th-street-f-5F-ny-10016) (Apartment) | Studio | — | $380,000 | — | August 5, 2026 | MLS | | [4-K](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/229-east-28th-street--k-4K-ny-10016) (Apartment) | Studio | — | $350,000 | — | July 16, 2026 | MLS | | 2C (Apartment) | Studio | — | $365,000 | — | June 17, 2026 | MLS | | 1D (Apartment) | Studio | 550 | $364,000 | $662/ft² | April 15, 2026 | City record · MLS | | 6D (Apartment) | Studio | — | $435,000 | — | September 26, 2025 | City record · MLS | | 3F (Apartment) | Studio | — | $405,000 | — | September 10, 2025 | City record · MLS | | LH (Apartment) | — | — | $313,000 | — | August 27, 2025 | City record | | 5D (Apartment) | Studio | — | $415,000 | — | July 23, 2025 | City record · MLS | | 5-C (Apartment) | Studio | — | $330,000 | — | June 18, 2025 | City record · MLS | | 2E (Apartment) | — | — | $422,500 | — | December 17, 2024 | City record | | 6C (Apartment) | — | — | $340,000 | — | August 6, 2024 | City record | | 5B (Apartment) | Studio | — | $335,000 | — | June 27, 2024 | City record · MLS | | 4A (Apartment) | — | — | $439,000 | — | May 14, 2024 | City record | | LC (Apartment) | — | — | $320,000 | — | April 11, 2024 | City record | | 6-M (Apartment) | 1 | 650 | $450,000 | $692/ft² | July 27, 2023 | City record · MLS | | 1L (Apartment) | Studio | — | $322,500 | — | June 6, 2023 | City record · MLS | | 2A (Apartment) | 1 | 700 | $425,000 | $607/ft² | April 4, 2023 | City record · MLS | | 2D (Apartment) | 1 | — | $340,000 | — | March 14, 2023 | City record · MLS | | 5E (Apartment) | — | — | $412,995 | — | February 16, 2023 | City record | | LA (Apartment) | 2 | — | $715,000 | — | January 24, 2023 | City record · MLS | | 2-M (Apartment) | 1 | — | $450,000 | — | January 19, 2023 | City record · MLS | | 1J (Apartment) | 1 | — | $396,000 | — | November 16, 2022 | City record · MLS | | 6K (Apartment) | Studio | 600 | $380,000 | $633/ft² | September 21, 2022 | City record · MLS | | 5F (Apartment) | Studio | — | $390,000 | — | July 19, 2022 | City record · MLS | | 1M (Apartment) | 1 | — | $445,000 | — | March 23, 2022 | City record · MLS | | LK (Apartment) | Studio | — | $425,000 | — | March 3, 2022 | City record · MLS | | LM (Apartment) | 1 | — | $460,000 | — | February 8, 2022 | City record · MLS | | LF (Apartment) | — | — | $307,500 | — | September 25, 2021 | City record | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable one-bedroom sales at Alan J. Marcus Comp is $445,000, based on 7 sales between February 2022 and July 2023. This home is asking $475,000, $30,000 above that median. The middle half of those sales closed between $410,500 and $450,000. - **Median closed price**: $445,000 - **Middle half**: $410,500 – $450,000 - **Based on**: 7 one-bedroom sales at Alan J. Marcus Comp - **Period**: February 2022 – July 2023 Square footage is recorded for only 2 of these 7 sales (29%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 4 of these sales with a published asking price, the median closed at 92% of what it originally asked. 100% of them closed below the original ask. ### How these sales were negotiated - **Sold vs original ask**: 92% of the original ask - **Closed below ask**: 100% of 4 sales - **Listed → in contract**: 71 days (about 10 weeks) - **In contract → closed**: 69 days (about 10 weeks) Across the 4 of these sales with a published asking price, the median closed at 92% of what it originally asked. 100% of them closed below the original ask. Half of these homes were in contract within 71 days (about 10 weeks) of coming to market, based on the 5 with a recorded listing date. Once a deal was agreed, closing took a further 69 days (about 10 weeks), based on the 5 with both dates recorded. A co-op board package and its interview account for much of that. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 7 one-bedroom sales at Alan J. Marcus Comp, February 2022 – July 2023. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op one-bedroom sales in Kips Bay, 2016 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2016 | $607,000 | 10 | | 2017 | $675,250 | 36 | | 2018 | $693,500 | 34 | | 2019 | $657,500 | 30 | | 2020 | $635,000 | 34 | | 2021 | $585,000 | 68 | | 2022 | $672,500 | 62 | | 2023 | $663,750 | 36 | | 2024 | $590,000 | 58 | | 2025 | $620,000 | 47 | | 2026 | $599,000 | 22 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Kips Bay instead. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at Alan J. Marcus Comp](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/alan-j-marcus-comp) ## Price and Property History for 229 East 28TH Street, Unit 4M Review the recorded listing activity for 229 East 28TH Street, Unit 4M, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $10,000, or 2.1%, on July 21, 2026 - **Originally listed**: June 18, 2026 at $485,000 - **Entered contract**: August 24, 2026 | Date | Price | Listing event | | --- | --- | --- | | August 24, 2026 | $475,000 | Entered contract | | July 21, 2026 | $475,000 | Asking price reduced by $10,000, or 2.1% | | June 18, 2026 | $485,000 | Listed for sale by Bank Neary Inc | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 84 apartments. The corporation’s 2026 property tax bill was $709,871 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for Alan J. Marcus Comp](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/alan-j-marcus-comp) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### Alan J. Marcus Comp Kips Bay · Stock Cooperative 229 East 28th Street, New York, NY 10016 A building in Kips Bay, currently featuring 3 active listings. - **Year Built**: 1962 - **Total Units**: 3 - **Floors**: 7 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/alan-j-marcus-comp) ### Available Residences — For Sale (3) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [4M](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/229-east-28th-street-m-4M-ny-10016) | 1 | 1 | — | — | $475,000 (-2.1%) — In contract | Bank Neary Inc | Jun 18, 2026 | 82 days | | [5F](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/229-east-28th-street-f-5F-ny-10016) | Studio | 1 | — | — | $380,000 (-1.3%) | Corcoran Group | May 14, 2026 | 117 days | | [5H](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/229-east-28th-street-h-5H-ny-10016) | Studio | 1 | — | — | $305,000 — In contract | Corcoran Group | Jun 8, 2026 | 92 days | ## Estimated Monthly Payment **$4,300 / month**, assuming a 20% down payment ($95,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,402 - **Common Charges**: $1,898 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) - [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 - [Alan J. Marcus Comp — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/alan-j-marcus-comp) - [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.