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) free-market 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*
Active
Price cut: $250K (2/24)
$5,450,000
248 E 32nd St, New York, NY 10016
10beds
6,250sqft
Townhouse
Built in 1910
-- sqft lot
$-- Zestimate®
$872/sqft
$-- HOA
What's special
Tiered and landscaped gardenFive-story townhouseLarge center island
- 880 days
- on Zillow |
- 386 |
- 19 |
Zillow last checked: 7 hours ago
Listing updated: April 30, 2025 at 11:17am
Listing by:
Leslie J. Garfield 917-754-7783,
Matthew Lesser
Source: StreetEasy,MLS#: S1639580
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
- Full bathrooms: 8
Interior area
- Total structure area: 6,250
- Total interior livable area: 6,250 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Garden
- Has view: Yes
- View description: Garden
Details
- Special conditions: Resale
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Condition
- Year built: 1910
Community & HOA
Community
- Subdivision: Kips Bay
HOA
- Services included: Maintenance
Location
- Region: New York
Financial & listing details
- Price per square foot: $872/sqft
- Annual tax amount: $98,172
- Date on market: 12/16/2022
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