Prime Kips Bay Investment - 229 East 29th Street #5O

229 East 29th Street #5O Offered at: $495,000 Property Type: Condo | 2 Bedrooms | 1 Bath | 700± SF | Maintenance: $1,694/month Property Overview Welcome to Residence #5O at 229 East 29th Street, a well-designed two-bedroom condominium nestled in the heart of Kips Bay. Offering approximately 700 square feet of thoughtfully proportioned living space, this bright and comfortable home combines function, value, and location — ideal for both end users and investors seeking a foothold in one of Midtown's most convenient residential enclaves. The apartment's flexible layout allows for a traditional two-bedroom configuration or a spacious one-bedroom with a dedicated home office, providing excellent versatility for modern city living. Interior Highlights A welcoming entryway (3'8" x 11'9") leads into a sunlit living/dining area (10'10" x 11'10"), creating a comfortable and inviting flow. Large windows allow abundant natural light throughout the day, enhancing the home's airy ambiance. The efficient kitchen (5'5" x 5'3") offers full-size appliances, ample cabinetry, and counter space for everyday convenience. The primary bedroom (13'0" x 11'4") accommodates a queen or king-sized bed, while the second bedroom (8'11" x 11'10") serves perfectly as a guest room, office, or nursery. Both feature built-in closets and bright exposures. The modern bath is finished with clean, classic tile and updated fixtures, completing a space that balances functionality with understated style. Building & Amenities 229 East 29th Street is a well-maintained elevator condominium in a quiet, residential stretch of Kips Bay, offering a blend of prewar charm and modern practicality. Building features include: Elevator and intercom system Central laundry facilities Live-in superintendent Pet-friendly policy Secure lobby and package area Low monthly carrying costs and flexible ownership terms make this building particularly attractive to both primary residents and investors. Neighborhood Situated between Second and Third Avenues, this Kips Bay location offers easy access to Midtown, Gramercy, and NoMad. The neighborhood provides a perfect mix of convenience and livability - with Trader Joe's, Fairway Market, Target, and numerous cafés and restaurants just minutes away. Nearby transit options include the 6 train at 28th Street, multiple bus routes, and close proximity to the East River Ferry and FDR Drive, ensuring effortless connectivity throughout Manhattan and beyond. Summary Residence #5O at 229 East 29th Street represents an outstanding opportunity to own a bright, functional two-bedroom home in a desirable full-service condo. Offering flexibility, low monthlies, and a prime Midtown location, this Kips Bay residence is ideal for first-time buyers, professionals, or investors seeking enduring value in one of Manhattan's most convenient neighborhoods.