$1,800,000

248 E 31st St Unit 1D New York, NY 10016

Kips Bay Neighborhood

Estimated payment $14,398/month

Total Views 5,184
2 Beds
2.5 Baths
1,957 Sq Ft
$920 Price per Sq Ft

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Built-In Features
  • P.S. 116 Mary Lindley Murray Rated A-
  • High Ceiling
  • 1-minute walk to Vincent F Albano Jr Playground

About This Home

Great opportunity to own a 1,957-square-foot triplex loft with 18-foot-high ceilings in a landmark building in the heart of Kips Bay. This unique home features a wood-burning fireplace, a wall of stacked windows, and a spacious layout that includes 2 bedrooms plus a recreation room and 2.5 bathrooms, all on a quiet, tree-lined street.

On the main level, you'll find a spacious living and dining area with a wood-burning fireplace, newly installed oak flooring throughout, and a wall of windows. Adjacent to the dining area is an open kitchen equipped with a double-door refrigerator, dishwasher, gas stove, custom cabinets, and a breakfast bar. This level also includes a king-sized bedroom and a full bathroom.

The top floor features a study overlooking the living room and an expansive primary bedroom with an en-suite bathroom.

The lower level is a versatile 20' x 20' recreation room with a walk-in closet, a washer-dryer unit, and a powder room. This flexible space could serve as an additional bedroom, home office, gym, or media room. An additional entrance/exit on this level provides convenient access to the building’s storage units.

Originally built as a school, the building was converted into a condominium in 1981 and now consists of 30 residential units. Residents enjoy the convenience of a 24-hour doorman, a planted roof deck, and extra storage in the basement. The location offers easy access to Trader Joe’s, fine restaurants, bars, a movie theater, and multiple transportation options, making it a prime spot in Kips Bay.

Listing Agent

Josue Galdos

Compass License #10401240958 Listed on: 03/18/2025

Compass

Co-Listing Agent

Klavdia Lesnaya

Compass License #10401214850

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $28,812

Year Built

  • Built in 1925

HOA Fees

  • $2,027 Monthly HOA Fees

Interior Spaces

  • 1,957 Sq Ft Home
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • 1 Fireplace
  • Wood Flooring
  • Laundry in unit

Kitchen

  • Breakfast Bar
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • North Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 1004 / 00911

Community Details

Overview

  • 30 Units
  • Kips Bay Subdivision
  • 9-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$28,812

Year Built

Built in 1925

Lot Details

0

HOA Fees

$2,027 per month

Listing Details

  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 1
  • Structure Type: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 9

Interior Features

  • Interior Features: Breakfast Bar, Built-in Features, High Ceilings, Recessed Lighting, Walk-In Closet(s)
  • Appliances: Dishwasher
  • Fireplace Features: Other
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Living Area: 1957.0
  • Living Area Units: Square Feet
  • Rooms (Total): 6

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 2

Exterior Features

  • View: No
  • Exterior Features: Private Outdoor Space Under 60 Sqft

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Common On Floor, Common Area, In Unit
  • Green Building Features: Elevator(s)
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 2027.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 72.000000x89.110000

Building Info

  • New Construction: No
  • Units: 30
  • Total Stories: 9
  • Year Built: 1925

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00911
  • Tax Lot: 1004
  • Tax Annual: 28812.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,812 $229,255 $31,916 $197,339
2024 $28,812 $230,460 $31,916 $198,544
2023 $29,484 $235,837 $31,916 $203,921
2022 $23,612 $262,606 $31,916 $230,690
2021 $28,479 $255,602 $31,916 $223,686
2020 $23,592 $283,849 $31,916 $251,933
2019 $22,623 $285,694 $31,916 $253,778
2018 $24,978 $240,190 $31,916 $208,274
2017 $23,336 $239,477 $31,917 $207,560
2016 $22,510 $237,820 $31,916 $205,904
2015 $11,299 $224,525 $31,916 $192,609
2014 $11,299 $204,939 $31,916 $173,023
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2025 04/27/25 For Sale $1,800,000 0.0% $920 / Sq Ft
04/27/2025 04/27/25 Off Market $1,800,000 -- --
04/13/2025 04/13/25 For Sale $1,800,000 0.0% $920 / Sq Ft
04/13/2025 04/13/25 Off Market $1,800,000 -- --
04/06/2025 04/06/25 For Sale $1,800,000 0.0% $920 / Sq Ft
04/06/2025 04/06/25 Off Market $1,800,000 -- --
03/18/2025 03/18/25 For Sale $1,800,000 -- $920 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Purchase History

Date Type Sale Price Title Company
Deed $1,350,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $143,000 Unknown
Closed $15,000 No Value Available
Open $1,000,000 Purchase Money Mortgage
Source: Public Records

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20010068

Real Estate Board of New York (REBNY)

APN: 0911-1004

New York New York County New York 10016 Kips Bay

248 E 31st St Unit 1D, New York, NY

This home is located at 248 E 31st St Unit 1D, New York, NY 10016 and is currently priced at $1,800,000, approximately $919 per square foot. This property was built in 1925. 248 E 31st St Unit 1D is a home located in New York County with nearby schools including P.S. 116 Mary Lindley Murray, Simon Baruch Middle School 104, and Clinton School.

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Josue Galdos
Listing Agent
Josue Galdos
Section Image
Compass
(917) 319-2990