5 beds2,622 sqft$1,430/sqft
151 East 29th Street, Kips Bay
Building Info: 151 E 29th St, 4 stories, Built 1901
Est: $22,125/moGet pre-approved

Description

TWO-FAMILY TOWNHOUSE OFFERING EXPANSION POTENTIAL AND PRIVATE OUTDOOR SPACES
Situated on a quiet block between Third and Lexington Avenues, 151 East 29th Street is a beautiful two-family townhouse offering immediate usability and meaningful upside. With approximately 2500 square feet of unutilized air rights (to be independently confirmed), the property provides an opportunity for future growth while already generating strong rental income.
The home is configured as a legal two-family residence J-3
...TWO-FAMILY TOWNHOUSE OFFERING EXPANSION POTENTIAL AND PRIVATE OUTDOOR SPACES

Situated on a quiet block between Third and Lexington Avenues, 151 East 29th Street is a beautiful two-family townhouse offering immediate usability and meaningful upside. With approximately 2500 square feet of unutilized air rights (to be independently confirmed), the property provides an opportunity for future growth while already generating strong rental income.

The home is configured as a legal two-family residence J-3 consisting of a newly created & remodeled duplex in Unit 1 producing $6,800/month. A spacious triplex, unrenovated, in Unit 2 currently listed at $10,000/month. Each apartment enjoys its own private outdoor area.

New mechanical system as of 2024, including sealed lower level with new electric and gas connection to the home. Details to be provided if interested. The mechanicals room & storage has a separate entrance. There is an app controlled video doorbell for each unit.

Whether purchased as an income-supported primary residence or as a long-term asset, both with significant expansion potential internally & externally, this townhouse offers versatility in a central Manhattan location.

UNIT 1: MODERN DUPLEX WITH GARDEN RETREAT

Unit 1 is a beautifully conceived two-bathroom, one-bedroom duplex offering approximately 1041 interior square feet and a peaceful 480-square-foot private garden. High ceilings, a striking glass partition wall, and access to outdoor space from both levels create a bright and airy feel. It is totally new innards and materials & appliances as of 2024,

The upper level bedroom accommodates a king bed or bunk beds and includes an en-suite Carrara marble bathroom with a soaking tub. The kitchen, finished with premium appliances and Carrara counters, opens directly onto the garden for effortless indoor–outdoor living.

The lower level features a flexible suite with generous closets, two built-in workstations, and a Carrara marble bathroom with a walk-in shower. This floor also includes a full-size WASHER/DRYER in its own laundry room and maintains a comfortable 7'3" ceiling height. The glass door can remain open for light and flow or be fitted with a privacy curtain.

Thoughtfully designed with functionality in mind, Unit 1 offers both convenience and serenity.

UNIT 2: SPACIOUS TRIPLEX WITH PRIVATE TERRACE

Unit 2 extends across three full floors, beginning with a nearly 50-foot-long open living and dining level that leads to a private terrace off the large eat-in kitchen, offering approximately 1581 interior square feet . The scale and flow of this level allow for multiple living arrangements and abundant natural light.

The two upper floors each offer two spacious bedrooms and one full bathroom, providing excellent separation and flexibility. An oval SKYLIGHT brightens the top floor and staircase, enhancing the sense of openness throughout the home.

Exposed brick, recessed lighting, and high ceilings contribute to the home's character, while extensive closet space and an in-unit WASHER/DRYER support everyday comfort.

With outdoor space and generous proportions, Unit 2 is an exceptional triplex residence offering room to grow and live comfortably in the heart of Manhattan.

LISTING UPDATED: 05/26/2026 05:10 PM

Property Details for 151 East 29th Street

Status
Days on Market
147
Taxes
$3,064 / month
Maintenance
-
Min. Down Pymt
-
Total Rooms
11.0
Property Type
MLS Type
Two Family Townhouse
Year Built
1901
Lot Size
1,234 SF / 13' x 99'
Buyer's Agent Compensation
2.5%

Amenities

  • Private Terrace
  • Exposed Brick
  • Built-Ins
  • Hardwood Floors
  • Washer / Dryer
  • Washer / Dryer in Unit
  • Washer / Dryer Hookup
  • Central AC

Location

Listing Courtesy of: .

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Building Information for 151 East 29th Street

Stories4Residences2Year Built1901Building Size12.5' x 50'Building Sq. Ft2,500 SFLot Size1,234 SF / 13' x 99'Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$22,125 per month

30 year fixed, 6.55% Interest

Principal and Interest

$19,061

Property Taxes

$3,064

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

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Property History for 151 East 29th Street

DateEvent & SourcePriceAppreciationLink
Mar 19, 2026

Listed (Active)

Manual

$3,750,000
Feb 5, 2026

Permanently Off Market

Manual

Feb 5, 2026

Temporarily Off Market

Manual

DateEvent & SourcePrice
03/19/2026

Listed (Active)

Manual

$3,750,000
02/05/2026

Permanently Off Market

Manual

02/05/2026

Temporarily Off Market

Manual

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

Public Records for 151 East 29th Street

Taxable ValueLand$95,340Additions$163,140Total$258,480
Home Facts
Total Finished SqFt2,544 SqFtLot Size1,234 SqFtYear Built1901ZoningR8BAPN1008850040

Schools near 151 East 29th Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 116 Mary Lindley Murray
PublicPK to 6

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 104 Simon Baruch
Public6 to 8

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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151 East 29th Street is a townhouse for sale in Kips Bay. This property was listed for sale on March 19, 2026 by Compass, it's currently listed at $3,750,000. It has been on the market for a total of 147 days and was last sold on April 30, 2022. 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. 151 East 29th Street is a 5-bed, 4-bath, 2,622 sqft townhouse built in 1901.

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.