
248 E 32nd St Unit TH New York, NY 10016
Kips Bay NeighborhoodEstimated payment $38,368/month
Highlights
- Pre War Building
- No HOA
- 3-minute walk to Vincent F Albano Jr Playground
- P.S. 116 Mary Lindley Murray Rated A-
About This Home
248 East 32nd Street is a rare 25’-wide, five-story townhouse located on one of Midtown East’s finest townhouse streets. This property is an ideal turn-key opportunity for those seeking to live with income in the owners triplex or lease out this fully free market building with easy 100% occupancy upon closing.
Number 248 is currently configured as seven (7) units; six (6) graciously sized, beautifully renovated front and rear one-bedroom apartments on the upper three floors, over an owner’s duplex on the garden and parlor levels.
The owner’s duplex has been meticulously renovated featuring CAC, three (3) bedrooms, three (3) full bathrooms, a chef ’s kitchen with a large center island, an immense 50’-deep, approximately 1,200 square foot tiered and landscaped garden, and access to the basement. This unit creates a rare opportunity to own a prime turnkey property with a strong cash flow.
248 East 32nd Street is surrounded by the best Kips Bay has to offer – a short walk to the restaurants, cafes,and shops along Second and Third Avenues, close proximity to the 6 train, and only steps from Trader Joe’s and Fairway Market.
* Co-exclusive with The New York Multifamily team of Marcus and Millichap
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $98,172
Year Built
- Built in 1910
Home Design
- 6,250 Sq Ft Home
- Pre War Building
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Full Bathrooms
Additional Features
- Laundry in unit
- 2,469 Sq Ft Lot
Community Details
- No Home Owners Association
- 9 Units
- Kips Bay Subdivision
- 5-Story Property
Listing and Financial Details
- Legal Lot and Block 0040 / 00912
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
02/24/2025 02/24/25 | Price Changed | $5,450,000 | -4.4% | $872 / Sq Ft |
03/07/2024 03/07/24 | Price Changed | $5,700,000 | -10.9% | $912 / Sq Ft |
06/14/2023 06/14/23 | For Sale | $6,397,362 | 0.0% | $1,024 / Sq Ft |
06/11/2023 06/11/23 | Off Market | $6,397,362 | -- | -- |
12/16/2022 12/16/22 | For Sale | $6,397,362 | -- | $1,024 / Sq Ft |
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Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10953396

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