$3,000,000
Updated 11 years ago
Off Market

242 East 26th Street

Kips Bay, Manhattan | Third Ave & Second Ave

3,200 Square FeetMulti-Family

$3,000,000
floors / apts4 / 4
Lot Size20'x74'
Built Size20'x40'
ZoneC1-8A
Building TypeTownhouse
RE Taxes$26,667
Price Per SF
$938

Outdoor space and views

  • Garden

Building Amenities

  • Voice Intercom

Property Description for 242 East 26th Street

Located in a prime Kips Bay / Stuyvesant Town location, this property is situated on the south side of East 26th Street between Second and Third Avenues. This 4-story plus cellar townhouse is configured with four floor-through apartments, the 1st of which has an enormous garden. The townhouse is situated on a quiet street that floods naturally light from northern and southern exposures. The building is in need of a renovation, with the exception of the mechanicals. The property can be delivered vacant making it an excellent opportunity for conversion to a single family residence. Note: The owner wishes to retain the approximately 7,930 SF of unused air rights and are not being offered as part of this sale.

Listing History for 242 East 26th Street

Now
04/25/2013
POM by John F. Ciraulo
Cushman & Wakefield
2013

Building Details for 242 East 26th Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

28 St
0.27 miles
23 St
0.3 miles
33 St
0.41 miles
23 St
0.45 miles

Citi Bike

E 25 St & 2 Ave
0.09 miles
Lexington Ave & E 26 St
0.15 miles

Contact Agents

Contact Agents

John Ciraulo
Cushman & Wakefield
James Nelson
Cushman & Wakefield
Craig Waggner
Cushman & Wakefield

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: 42483TH