$5,450,000
$250K PRICE DROP

248 E 32nd St Unit TH New York, NY 10016

Kips Bay Neighborhood

Estimated payment $38,368/month

Total Views 111,844
9 Beds
9 Baths
6,250 Sq Ft
$872 Price per Sq Ft

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

Listing Agent

Matthew Lesser

Leslie J Garfield & Co Inc License #10301217047 Listed on: 12/16/2022

Co-Listing Agent

Sophie Smadbeck

Leslie J Garfield & Co Inc License #10401306576

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$98,172

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Architectural Style: Prewar
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 5

Interior Features

  • Fireplace: No
  • Living Area: 6250.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 9
  • Bathrooms Integer: 9
  • Bedrooms: 9

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Building Inside, Inside

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Area: 2469.0
  • Lot Size Dimensions: 25 ft x 98.75 ft

Building Info

  • New Construction: No
  • Units: 9
  • Total Stories: 5
  • Year Built: 1910

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00912
  • Tax Lot: 0040
  • Tax Annual: 98172.0

Multi Family

  • Building Area Units: Square Feet

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

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
Source: Real Estate Board of New York (REBNY)

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10953396

Real Estate Board of New York (REBNY)