$4,975,000
Updated 9 years ago
Off Market

216 East 32nd Street

Kips Bay, Manhattan | Third Ave & Second Ave

4,560 Square FeetRental Property

$4,975,000
floors / apts5 / 5
Lot Size19'x99'
Built Size19'x48'
ZoneR7B
Building TypeTownhouse
RE Taxes$43,346
Price Per SF
$1,091

Listing Features

  • High Ceilings
  • New Windows
  • Oversized Windows
  • Restored Details
  • Baseboard Heat
  • Central AC

Outdoor space and views

  • Backyard
  • City Views
  • Garden Views
  • Manhattan Bridge
  • Townhouse Views

Building Amenities

  • Voice Intercom

Property Description for 216 East 32nd Street

Turnkey live/investment opportunity awaits! Triplex apartment with 4 income-producing market rate studio apartments above; all currently occupied. This 5-story, walk-up residential building has just undergone an entire gut renovation. The bottom three floors consist of a triplex unit with a gorgeous outdoor garden in the rear perfect for entertaining. There are three full baths, a storage and utility area on the bottom floor and a large, open area on the bottom floor as well. This unit can be configured many different ways; as a 2 bedroom with library and large entertaining area, or 3+ bedrooms, depending on your needs. The Master Bedroom overlooks the back garden which has been beautifully landscaped. A large mature shade-giving tree has been preserved, providing plenty of light yet a wonderful canopy from the direct heat of the summer sun. The top 2 floors each hold 2 studio apartments. This is a wonderful opportunity that is completely turn-key; call today for a private showing!

Listing History for 216 East 32nd Street

Now
08/05/2015
POM by Stephen Weber
Heller Organization, The
05/07/2015
TOM by Stephen Weber
Heller Organization, The

Building Details for 216 East 32nd Street

OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts5/5
Learn More About the Building

Transit and Citi Bike

Subway

33 St
0.21 miles
28 St
0.3 miles

Citi Bike

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

Ferry

East 34th Street
0.42 miles

Contact Agents

Contact Agents

Stephen Weber
Heller Organization, The
Adam Heller
Heller Organization, The

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: 27050TH