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.
Active
$3,750,000
151 E 29th St, New York, NY 10016
5beds
2,622sqft
Multi Family
Built in 1901
-- sqft lot
$3,703,400 Zestimate®
$1,430/sqft
$-- HOA
What's special
Exposed brickRecessed lightingHigh ceilingsExtensive closet spaceTwo built-in workstationsQuiet blockSpacious triplex
- 166 days
- 852
- 46
Zillow last checked:
Listing updated:
Listed by:
Compass 917-418-5864,
Diane Cane
Source: StreetEasy,MLS#: S1817004
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Central Air
Appliances
- Included: Dishwasher, Washer/Dryer
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 2,622
- Total interior livable area: 2,622 sqft
Property
Features
- Patio & porch: Other, Terrace
- Exterior features: Garden, Terrace
- Has view: Yes
- View description: City, Garden
Details
- Parcel number: 008850040
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Roof Rights
Condition
- Year built: 1901
Community & HOA
Community
- Subdivision: Kips Bay
Location
- Region: New York
Financial & listing details
- Price per square foot: $1,430/sqft
- Tax assessed value: $3,360,000
- Annual tax amount: $36,768
- Date on market: 3/20/2026
Estimated market value
$3,703,400
$3.52M - $3.89M
$6,954/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/20/2026 | Listed for sale | $3,750,000$1,430/sqft |
Source: StreetEasy #S1817004 Report a problem | ||
| 2/6/2026 | Listing removed | $3,750,000$1,430/sqft |
Source: StreetEasy #S1803665 Report a problem | ||
| 12/17/2025 | Listed for sale | $3,750,000+33.9%$1,430/sqft |
Source: StreetEasy #S1803665 Report a problem | ||
| 8/3/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 7/29/2022 | Listed for rent | $9,500-26.9%$4/sqft |
Source: Zillow Rental Network_1 Report a problem | ||
| 3/30/2022 | Sold | $2,800,000-20%$1,068/sqft |
Source: Public Record Report a problem | ||
| 2/8/2022 | Pending sale | $3,500,000$1,335/sqft |
Source: StreetEasy Report a problem | ||
| 3/12/2021 | Price change | $3,500,000-11.4%$1,335/sqft |
Source: StreetEasy Report a problem | ||
| 7/17/2020 | Listed for sale | $3,950,000$1,506/sqft |
Source: Leslie J. Garfield Report a problem | ||
| 5/8/2020 | Listing removed | $13,000$5/sqft |
Source: Owner Report a problem | ||
| 5/4/2020 | Price change | $13,000+36.8%$5/sqft |
Source: Owner Report a problem | ||
| 4/23/2020 | Listed for rent | $9,500-29.6%$4/sqft |
Source: Owner Report a problem | ||
| 12/12/2018 | Listing removed | $13,500$5/sqft |
Source: Leslie J. Garfield Report a problem | ||
| 11/16/2018 | Listed for rent | $13,500$5/sqft |
Source: Leslie J. Garfield Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $29,649 +6% | $201,600 +7% |
| 2024 | $27,971 +4.8% | $188,460 -6.6% |
| 2023 | $26,682 | $201,780 -5.7% |
| 2022 | -- | $214,020 -6.9% |
| 2021 | -- | $229,980 -6.8% |
| 2020 | -- | $246,840 +1.3% |
| 2019 | $24,565 +7.3% | $243,720 +122.6% |
| 2018 | $22,903 +2.6% | $109,485 |
| 2017 | $22,319 +2.7% | $109,485 +0.8% |
| 2016 | $21,723 | $108,662 +6% |
| 2015 | $21,723 +74.4% | $102,513 +6% |
| 2014 | $12,457 | $96,711 +6% |
| 2013 | -- | $91,238 |
| 2012 | -- | $91,238 +0.8% |
| 2011 | -- | $90,552 +6% |
| 2010 | -- | $85,428 +6% |
| 2009 | -- | $80,593 +6% |
| 2008 | -- | $76,032 |
| 2007 | -- | $76,032 +0.8% |
| 2006 | -- | $75,460 +6% |
| 2005 | -- | $71,190 +6% |
| 2004 | -- | $67,161 +6% |
| 2003 | -- | $63,360 |
| 2002 | -- | $63,360 +0.8% |
| 2001 | -- | $62,884 +6% |
| 2000 | -- | $59,325 |
Find assessor info on the county website






