223-225 East 31st Street

Listed By Compass
Listed By Compass
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Active
$8,500,000
Est: $56,981/moGet pre-approved
4 beds9,071 sqft

223-225 East 31st Street, Kips Bay, Manhattan, NY 10016

Description

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.
Border of Murray Hill/Kips Bay, 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...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.
Border of Murray Hill/Kips Bay, 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 brackets 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 Border of Murray Hill/Kips Bay it's 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.

Mixed UseProperty Type
0.07 acresLot Size
1920Year Built
$937/sq ftPrice per sq ft
1 carParking Spaces
Pets welcomePet policy
Last updated: 09/08/2026 02:49 PM
207 days on Market

Amenities

223-225 East 31st Street

  • Private Terrace
  • Deck
  • Exposed Brick
  • Private Entrance
  • Hardwood Floors
  • High Ceilings
  • Floor to Ceiling Windows
  • Oversized Windows

Location

Listing Courtesy of: Percy Mori (Listing Agent, Compass), Ralph Godfrey (Alternative Listing Agent, Compass), Vicki Musso (Alternative Listing Agent, Compass).

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$56,981 per month

Principal and Interest

$51,050

Property Taxes

$5,931

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Property information

223-225 East 31st Street

Property Details

  • Taxes: $5,931 / month
  • Min. Down Pymt: 10%

Building Information

  • Stories: 4
  • Residences: 2
  • Year Built: 1920
  • Building Size: 33' x 98'
  • Building Sq. Ft: 12,936 SF
  • Lot Size: 3,259 SF

Property History

223-225 East 31st Street

DateEventPrice
Sep 8, 2026

Price Change

Manual

$8,500,000
Sep 8, 2026

Listed (Active)

Manual

$9,500,000
Sep 8, 2026

Temporarily Off Market

Manual

—
DateEventPrice
09/08/2026

Price Change

Manual

$8,500,000
09/08/2026

Listed (Active)

Manual

$9,500,000
09/08/2026

Temporarily Off Market

Manual

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

223-225 East 31st Street

Total Finished SqFt

7,549 SqFt

Lot Size

3,259 SqFt

Year Built

1920

Zoning

R7B

APN

1009120014

Schools

Near 223-225 East 31st Street

This home is within New York City Geographic District # 2.

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 223-225 East 31st Street, Kips Bay

223-225 East 31st Street is a mixed use property for sale in Kips Bay. This property was listed for sale on April 10, 2026 by Compass, it's currently listed at $8,500,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 116 Mary Lindley Murray, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 223-225 East 31st Street is a 4-bed, 6-bath, 9,071 sqft mixed use property built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.