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$3,750,000
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Property 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 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. Both apartments are currently rented with leases that end 12/31/2026. 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.
Full Property Details
Full Property Details for 151 E 29th St
General
- Price: $3,750,000
- Taxes: $36,768
- Status: Active
- Type: Single Family
- Source: REBNY
- MLS ID: RLS20056372
- Updated: 1/3/2026
- Added to Site: 29 day(s) ago
Interior
- Number of Rooms: 11
- Interior Features: Built-in Features, Eat-in Kitchen, Soaking Tub
- Appliances: Dryer, Washer
- Furnishings: Unfurnished
- Flooring: Hardwood, Marble
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 5
Other Rooms
- Laundry: In Unit, See Remarks
Exterior
- Exterior Features: Private Outdoor Space Over 60 Sqft
- Porch/Patio/Deck: Terrace
Location
- County: New York
- Subdivision: Kips Bay
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Other
Structural Information
- Structure Type: Townhouse
- Windows: Skylight(s)
- Stories/Levels: 4
- Square Feet: 2,622
- Living Area: 2,622 Sq. Ft.
- Year Built: 1901
Lot Features
- Lot Dimensions: 12.500000 x 98.750000
Financial Considerations
- Assoc Fee Freq.: Monthly
- Tax Amount: $36,768
Disclosures and Reports
- Property ID: 0885-0040
- Block: 885
- Lot Number: 40
Listing Courtesy of Compass
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Schools
Schools serving 151 E 29th St
School District:New York City Geographic School District 02
| Name | Grades | Distance |
|---|---|---|
Ps 116 Mary Lindley Murray 210 East 33rd Street, New York, NY 10016 | 5-4 | 0.2 mi |
Jhs 104 Simon Baruch 330 East 21st Street, New York, NY 10010 | 7-8 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 151 E 29th St
Date
Details
Price
Change
Source
12/16/2025
Listed
$3,750,000
33.93%
MLS
3/18/2022
Sold
$2,800,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 151 E 29th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$29,649
6%
$147,619
6%
2024
$27,971
6%
$139,264
6%
2023
$26,388
-1%
$131,382
-39%
2022
$26,682
-3%
$214,020
-7%
2021
$27,441
5%
$229,980
-7%
2020
$26,039
7%
$246,840
1%
2019
$24,277
6%
$243,720
123%
2018
$22,903
3%
$109,485
—
2017
$22,318
3%
$109,485
1%
2016
$21,723
8%
$108,662
6%
2016
$20,045
14%
$102,513
6%
2014
$17,509
5%
$96,711
6%
2013
$16,610
—
$91,238
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 151 E 29th St
151 E 29th Street, New York City, NY 10016 (MLS# RLS20056372) is a Single Family property with 5 bedrooms and 4 full bathrooms. 151 E 29th Street is currently listed for $3,750,000 and was received on December 17, 2025. Want to learn more about 151 E 29th Street? Do you have questions about finding other Single Family real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

