Updated 3 years ago
Sold
529 Second Ave
Kips Bay, Manhattan | East 29th Street & East 30th Street
12 Rooms3 Beds3 Baths3,500 Square FeetMixed Use
$3,495,000
floors / apts4 / 3
Lot Size17'4"x100'
Built Size17'4"x50'
ZoneC1-8A
Building TypeTownhouse
RE Taxes$47,960
Price Per SF
$999
This property was sold for $3,100,000 on 01/26/24.
Listing Features
- Oil Heat
- Window AC Units
Outdoor space and views
- City Views
Property Description for 529 Second Ave
IN CONTRACT. Perfect for a professional end-user looking for the ideal live/work scenario, an investor looking for an immediate return, a developer looking for a value-add opportunity, or anyone looking to do a single family conversion that wont break the bank, this four story three-family townhouse with a commercial storefront has been occupied and lovingly maintained by the same family for more than 80 years.
Built in 1910, the property has unobstructed views and light from the east and west and is located in the heart of Kips Bay on the corner of 29th and 2nd Avenue–just across the street from Fairway and within a block or two of NYU Langone, Trader Joe's, AMC Movie Theater, Target and countless restaurants, cafes and retailers. Approximately 3500 sqft (not including the basement level, which has 8 ft ceilings, windows in the rear, and is currently used for the purpose of storage) the property's current configuration features three turn-key 1Bdrm/1Bth residential floor-thru apartments as well as a raw storefront commercial space with a half bath in place and limitless possibilities for professional, retail or restaurant use. Additionally, the property is located on a double lot, so there is approximately 900 sqft of private outdoor space accessible from the ground level that awaits your vision.
Where in Manhattan can you get a 3500sqft 3bdrm/3.5bth co-op or condo with nearly 900sqft of private outdoor space at this price point? You simply can't. And if such a property did exist, can you imagine what the monthly maintenance or combined Common Charges/RE Tax would be for a condo or co-op of comparable size?
529 Second Avenue is an unbeatable value for the right buyer. Call today to arrange a viewing before this unique opportunity is gone.
Built in 1910, the property has unobstructed views and light from the east and west and is located in the heart of Kips Bay on the corner of 29th and 2nd Avenue–just across the street from Fairway and within a block or two of NYU Langone, Trader Joe's, AMC Movie Theater, Target and countless restaurants, cafes and retailers. Approximately 3500 sqft (not including the basement level, which has 8 ft ceilings, windows in the rear, and is currently used for the purpose of storage) the property's current configuration features three turn-key 1Bdrm/1Bth residential floor-thru apartments as well as a raw storefront commercial space with a half bath in place and limitless possibilities for professional, retail or restaurant use. Additionally, the property is located on a double lot, so there is approximately 900 sqft of private outdoor space accessible from the ground level that awaits your vision.
Where in Manhattan can you get a 3500sqft 3bdrm/3.5bth co-op or condo with nearly 900sqft of private outdoor space at this price point? You simply can't. And if such a property did exist, can you imagine what the monthly maintenance or combined Common Charges/RE Tax would be for a condo or co-op of comparable size?
529 Second Avenue is an unbeatable value for the right buyer. Call today to arrange a viewing before this unique opportunity is gone.
Listing History for 529 Second Ave
Now
01/26/2024
$3,100,000
Sold and Closed by Carla Briscoe
R New York
2024
Building Details for 529 Second Ave
OwnershipMixed Use
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/3
Transit and Citi Bike
Subway
28 St
0.33 miles
33 St
0.35 miles
23 St
0.47 miles
Citi Bike
2 Ave & E 29 St
0.02 miles
2 Ave & E 31 St
0.09 miles
Ferry
East 34th Street
0.41 miles
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: 92241TH
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