$4,450,000
Updated 8 years ago
Sold

254 East 33rd Street

Kips Bay, Manhattan | Third Ave & Second Ave

3 Rooms1 Bed1 Bath3,689 Square FeetRental Property

$4,450,000
floors / apts5 / 7
Lot Size17'x74'
Built Size17'x44'
ZoneC1-8A
Building TypeTownhouse
RE Taxes$35,207
Price Per SF
$1,206

This property was sold for $4,450,000 on 07/25/18.

Listing Features

  • Oversized Windows
  • WBFP
  • Gas Heat
  • Through The Wall

Outdoor space and views

  • Courtyard

Building Amenities

  • Voice Intercom
  • Bike Storage
  • Gated Entry
  • Laundry Room
  • Sprinkler System

Property Description for 254 East 33rd Street

Well-kept and clean multi-family rental building which represents an ideal investment with strong in-place cash flow or an immediate end -user opportunity.
A 17'wide,four-story plus cellar,seven(7)unit, walk-up building with approximately 3689 SF gross square feet.Located on the south side of East 33rd Street between Second and Third Avenues, the front entrance of the property lies on a quiet street steps away from vibrant neighborhoods of Murray Hill and Kips Bay.The property , which underwent a complete gut renovation in 2012, a ground floor one-bedroom floor-through apartment plus six(6) studio apartments located in the front and rear of each floor above. The apartment renovations include hardwood floors combined with tile, high efficiency stainless steel GE kitchen appliances, dark wood cabinetry with black quarts counters,renovated bathrooms with new tile, glass-enclosed shower, a teak vanities and high-end fixtures. All units have tremendous amounts of natural light.The building amenities include security cameras with access controls, hidden outdoor garbage cabinets, sprinkler system, a state of the art gas boiler with baseboard radiators, gas fired hot water heater with a pressure pump and fully renovated common areas.
FAR as build 3 Max FAR 7.52 Zoning C1-8A/R-9A. Air rights 5585 SF.
All Free Market Units.
Near major transportation, restaurants, cafes, theaters, shopping,and schools.
truly a tern key investment property. Currently , most of units rent below market ,strong upside potential. Please contact Yoko Evans for any questions.

Listing History for 254 East 33rd Street

Now
07/25/2018
$4,450,000
Sold and Closed by Yoko Evans
Furumoto Realty
06/12/2018
Contract Signed by Yoko Evans
Furumoto Realty

Building Details for 254 East 33rd Street

OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/7
Learn More About the Building

Transit and Citi Bike

Subway

33 St
0.27 miles
28 St
0.37 miles
Grand Central-42 St
0.49 miles

Citi Bike

2 Ave & E 31 St
0.1 miles
E 31 St & 3 Ave
0.12 miles

Ferry

East 34th Street
0.36 miles

Contact Agent

Contact Agent

Yoko Evans
Furumoto Realty

Kips Bay | Manhattan

Quick Profile

If you take a walk through Kips Bay, which is loosely defined as the area between 23rd street and 34th street and the East River to almost Lexington, you’ll quickly learn it's a hodgepodge of sorts and not as well defined as other neighborhoods in New York City. Some New Yorkers say Kips Bay has an identity crisis because 1st, 2nd, and 3rd avenues are distinctly different from one another as you traverse them. Despite the perceived lack of neighborhood vibe there are others that appreciate its affordability and convenience.  

First Avenue is dominated by hospitals and hospital buildings such as NYU Medical Center and Bellevue Hospital to name a few. Second Avenue is a mosaic of convenience stores, fast food joints and nondescript brick buildings. Third Avenue is saturated with small bars and gastropubs and the twenty somethings that patronize them. 

No judgement against Kips Bay here. It’s a great neighborhood that is just as much a part of New York City as any other neighborhood. Kips Bay It’s bordered by Murray Hill to the North, Stuyvesant Town and Gramercy Park to the South, and Rose Hill to the West. The neighborhood is partly defined by newer high-rise apartments, brick rowhouses, and former tenement buildings. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 25624TH