$9,500,000 $10,950,000
Updated 18 hours ago

223-225 East 31st Street

Kips Bay, Manhattan | Third Ave & Second Ave

15 Rooms4 Beds4.5 Baths8,141 Square FeetMixed Use

$9,500,000 $10,950,000
floors / apts4 / 2
Lot Size33'x98'8"
Built Size33'x98'
ZoneR7B
Building TypeTownhouse
RE Taxes$135,936
Price Per SF
$1,167

Outdoor space and views

  • Backyard
  • Garden
  • Patio
  • Terrace [32'x29']

Building Amenities

  • Garden
  • Laundry Room

Property Description for 223-225 East 31st Street

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 of Murray Hill its enduring appeal. Cultural prestige is also close at hand, with The Morgan Library & Museum just minutes away, adding architectural distinction and intellectual gravitas to the surrounding blocks. Nearby green space and the East River Esplanade further enhance the livability of the area — an increasingly valuable amenity in Midtown-adjacent locations. 223–225 East 31st Street Every house has a story, but this house had quite a storied past. Let’s focus on the offering for now. In the heart of Murray Hill, 223–225 East 31st Street 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. 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 of Murray Hill its enduring appeal. Cultural prestige is also close at hand, with The Morgan Library & Museum just minutes away, adding architectural distinction and intellectual gravitas to the surrounding blocks. Nearby green space and the East River Esplanade further enhance the livability of the area — an increasingly valuable amenity in Midtown-adjacent locations.

Listing History for 223-225 East 31st Street

Now
06/30/2026
$9,500,000 [-$1,450,000] [13.2%]
Price Drop by Percy Mori
Compass
04/10/2026
$10,950,000
Initial Price by Percy Mori
Compass

Building Details for 223-225 East 31st Street

OwnershipMixed Use
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1858
Floors/Apts4/2
Learn More About the Building

Transit and Citi Bike

Subway

33 St
0.22 miles
28 St
0.28 miles
23 St
0.48 miles

Citi Bike

E 31 St & 3 Ave
0.03 miles
2 Ave & E 31 St
0.12 miles

Ferry

East 34th Street
0.44 miles

Contact Agents

Contact Agents

Licensed As
Percy Mori
Salesperson
License#:
10401371545
Company:
Compass
Licensed As
Ralph Godrey
Salesperson
License#:
10401378160
Company:
Compass
View this property on the company's website

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: 105564TH