$5,990,000
Updated 4 years ago
Off Market

129 East 29th Street

Kips Bay, Manhattan | Third Ave & Lexington Ave

19 Rooms9 Beds6.5 Baths5,708 Square FeetIncome Property

$5,990,000
floors / apts4 / 6
Lot Size17'x85'
ZoneC6-2A
Building TypeLow-Rise
RE Taxes$67,908
Price Per SF
$1,049

Building Amenities

  • Voice Intercom

Property Description for 129 East 29th Street

137 Lexington Avenue -- alternative address 129 East 29th Street -- is a mixed use, multi family building located on the North-East corner of Lexington Avenue and 29th Street in Manhattan. This four-story walk-up building contains 6 residential units and 1 commercial ground floor unit. Of the 6 residential units there is one (1) rent stabilized unit and five (5) free market units. There are 3 studios and (3) 2-bedroom units. The commercial unit and part of the basement is currently rented to a laundromat. The asset is approximately 5,708 square feet plus a usable basement measuring 1353 square feet for a total of 7,061 square feet. The FAR allows for an additional buildable 2,864 square feet for a total usage of 9,925 square feet (including basement). This property is located in one of Manhattan's most sought after and active neighborhoods in the city and is in close proximity to some of the best shops, restaurants, and office buildings. The asset is also within several blocks to both highly coveted Madison Square Park and Gramercy Park. The 4 and 6 trains are just a block away and the M101,M102, M103, X2 and X5 bus lines are accessible on Lexington Avenue and 28th Street.

Listing History for 129 East 29th Street

Now
11/15/2022
TOM by Austin Schuster
Compass
11/11/2022
$5,990,000
Initial Price by Austin Schuster
Compass

Building Details for 129 East 29th Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

28 St
0.13 miles
33 St
0.19 miles
23 St
0.35 miles
28 St
0.39 miles
23 St
0.42 miles

Citi Bike

Lexington Ave & E 29 St
0.02 miles
E 30 St & Park Ave S
0.1 miles

Contact Agents

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Kips Bay | Manhattan

Quick Profile

If you take a walk through Kips Bay, which is loosely defined as the area between 23rd street and 34th street and the East River to almost Lexington, you’ll quickly learn it's a hodgepodge of sorts and not as well defined as other neighborhoods in New York City. Some New Yorkers say Kips Bay has an identity crisis because 1st, 2nd, and 3rd avenues are distinctly different from one another as you traverse them. Despite the perceived lack of neighborhood vibe there are others that appreciate its affordability and convenience.  

First Avenue is dominated by hospitals and hospital buildings such as NYU Medical Center and Bellevue Hospital to name a few. Second Avenue is a mosaic of convenience stores, fast food joints and nondescript brick buildings. Third Avenue is saturated with small bars and gastropubs and the twenty somethings that patronize them. 

No judgement against Kips Bay here. It’s a great neighborhood that is just as much a part of New York City as any other neighborhood. Kips Bay It’s bordered by Murray Hill to the North, Stuyvesant Town and Gramercy Park to the South, and Rose Hill to the West. The neighborhood is partly defined by newer high-rise apartments, brick rowhouses, and former tenement buildings. 

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.
OLR ID: 88796TH