--- title: "248 East 31st Street #5A, New York City, NY 10016" description: "248 East 31st Street #5A, New York City, NY 10016 — Kips Bay, New York City, NY. Listing Price $1,095,000. 1 bed, 1 bath, 1,184 sqft Illustrative Buyer Commission Share of $16,425 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/248-east-31st-street-5a-ny-10016" source: "Real Estate Rebate Team" dateModified: "2026-10-09T15:42:55.079Z" status: "Active" --- # 248 East 31st Street #5A, New York City, NY 10016 Kips Bay, New York City, NY Courtesy of Sothebys International Realty Last updated: October 9, 2026, 11:42 AM ## At a Glance - **Listing Price**: $1,095,000 - **Beds**: 1 - **Baths**: 1 - **Sqft**: 1,184 - **Common Charges**: $1,392 / mo - **Monthly Taxes**: $1,483 / mo - **Price per Sqft**: $925 - **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**: $1,095,000 - **Illustrative Buyer Commission Share**: -$16,425* - **Illustrative Net Cost**: $1,078,575 *Illustrative Buyer Savings of $16,425 — 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) ![248 East 31st Street #5A, New York City, NY 10016 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/85331d22-386a-423a-85ff-7c72288a8c4e.jpg) ![248 East 31st Street #5A, New York City, NY 10016 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0e5fa09b-297b-4dc9-829e-dde22056d1fc.jpg) ![248 East 31st Street #5A, New York City, NY 10016 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/3a3ef92a-472c-4c69-96b8-6bd4d8686ff0.jpg) ![248 East 31st Street #5A, New York City, NY 10016 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/78cec77c-1c95-4ff1-81b2-3e8649e4c4a8.jpg) ![248 East 31st Street #5A, New York City, NY 10016 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c2525173-4c7a-41d4-9036-cd170b4d29de.jpg) ![248 East 31st Street #5A, New York City, NY 10016 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a02cca96-2171-4086-b658-2370317aad9d.jpg) ![248 East 31st Street #5A, New York City, NY 10016 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/73a4ee09-6992-420a-9d9f-431f35455647.jpg) ![248 East 31st Street #5A, New York City, NY 10016 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/42863ce8-8dcf-4756-b632-050fc7639573.jpg) ![248 East 31st Street #5A, New York City, NY 10016 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4ef32154-eb06-4836-a3fd-11e17e356c98.jpg) ![248 East 31st Street #5A, New York City, NY 10016 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cd5466c4-d304-4762-9b94-9c53a98bbaad.jpg) ## Property Overview Beautiful up-dated move-in ready Pre-war one-bedroom condominium. This bright and spacious apartment features a large living room/dinning room area with a wood burning fireplace and exposed brick wall. The large private terrace off this area allows for gracious outdoor entertaining, as well as relaxing and enjoying the Chrysler Building and skyline. The windowed eat-in-kitchen with built in banquet - features stainless steel appliances, dishwasher, in unit W/D, marble counter tops and subway tile backsplash. The bedroom has an abondance of closets, fits a king bed and has an additional private terrace. The windowed bathroom has been updated. Some photos are virtually staged. Additional apartment features include – individually controlled heat and AC, tons of closet space – with room to create additional storage if desired, wood floors throughout, as well as additional exposed brick areas. Located on a beautiful quiet tree lined street, the Greenhouse Condominium, built in 1925 as a school/parish house was converted to a condominium in 1982 and has 3 apartments per floor, 24-hour doorman, full time super, roof deck, storage areas and bike room. Pet friendly building, convenient to all major transportation, parks, restaurants, and stores like Trader Joe’s and Fairway. ## Property Details - **Property Type**: Condominium - **Beds**: 1 - **Baths**: 1 - **Rooms**: 3 - **Sqft**: 1,184 sqft - **Stories**: 9 - **Year Built**: 1925 - **Price per Sqft**: $925 - **Common Charges**: $1,392 / Monthly - **Monthly Taxes**: $1,483 / mo - **Listed On**: Oct 9, 2026 - **Days on Market**: 1 Days ### Residence Features - Central Air - Common On Floor - Common Area - Building Roof Deck - Private Outdoor Space Over 60 Sqft - Dryer - Washer - Hardwood - Skyline ## Estimated Monthly Payment **$8,412 / month**, assuming a 20% down payment ($219,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $5,537 - **Property Taxes**: $1,483 - **Common Charges**: $1,392 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 2 apartments at 248 East 31st Street have recorded sales since October 2021, the most recent for $999,000 in August 2025. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 2C (Apartment) | 1 | 1,085 | $999,000 | $921/ft² | August 26, 2025 | City record · MLS | | 4A (Apartment) | 2 | 1,483 | $1,470,000 | $991/ft² | June 18, 2025 | City record · MLS | 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 - **This home**: $1,095,000 - **Median sold price**: $1,244,500 - **Difference**: -$149,500 (-12%) - **This home, $/ft²**: $925 - **Median $/ft²**: $1,768 - **Comparable sales**: 69 - **Sales from**: October 2024 – June 2026 - **Middle half of those sales**: $870,000 – $1,423,004 Based on condo one-bedroom sales in Kips Bay. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Kips Bay instead. ### How these sales were negotiated - **Sale-to-list price**: 98.9% (65 sales) - **Sold below asking**: 63% (65 sales) - **Typical time to find a buyer**: 45 days (63 sales) - **Typical time to close**: 62 days (65 sales) Based on condo one-bedroom sales in Kips Bay with the required listing and closing data. Sample sizes vary by metric. 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. ### Price trend Median sale price, condo and house one-bedroom sales in Kips Bay | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $876,000 | 19 | | 2018 | $885,000 | 11 | | 2021 | $850,000 | 32 | | 2022 | $1,330,750 | 50 | | 2023 | $1,307,018 | 40 | | 2024 | $975,000 | 19 | | 2025 | $1,250,000 | 45 | | 2026 YTD | $1,150,000 | 19 | Based on recorded condo and house one-bedroom sales in Kips Bay. 2026 is year-to-date. Sales data through June 2026. 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 248 East 31st Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/248-east-31st-street) ## About The Building ### 248 East 31st Street 248 East 31st Street, New York, NY 10016 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1925 - **Active Units**: 1 - **Floors**: 9 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/248-east-31st-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [5A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/248-east-31st-street-5a-ny-10016) | 1 | 1 | 1,184 sqft | $925 | $1,095,000 | Sothebys International Realty | Oct 9, 2026 | 1 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 - [248 East 31st Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/248-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.