$3,895,000
Updated a year ago
Off Market

216 East 32nd Street

Kips Bay, Manhattan | Third Ave & Second Ave

12 Rooms9 Beds7 Baths3,752 Square FeetMulti-Family

$3,895,000
floors / apts4 / 5
Lot Size19'x99'
Built Size19'x48'
ZoneR7B
Building TypeTownhouse
RE Taxes$70,416
Price Per SF
$1,038

Listing Features

  • High Ceilings
  • New Windows
  • Oversized Windows

Outdoor space and views

  • Backyard
  • Garden [19'x51']

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 216 East 32nd Street

Welcome to 216 East 32nd Street, a distinguished multi-family townhouse that epitomizes urban sophistication in Manhattan’s coveted Kips Bay neighborhood. This historic gem, constructed in 1900, spans an impressive 4,560 square feet across multiple levels, blending timeless charm with exceptional investment potential. The highlight of this property is its versatile layout, offering four fully furnished studio apartments and an expansive triplex unit. Whether you envision owner occupancy or premium rental income, this townhouse provides the perfect balance of functionality and opportunity. Outside, a generous backyard creates a rare oasis in the heart of Manhattan, perfect for relaxing, entertaining, or gardening. Step inside, and you’ll be welcomed by interiors that reflect a seamless blend of historic character and modern updates. Each studio apartment is thoughtfully designed with modern amenities, catering to the needs of today’s urban dwellers. The triplex unit offers a spacious layout ideal for families or upscale tenants, featuring light-filled rooms, high ceilings, and charming finishes throughout. Located in the heart of Kips Bay, 216 East 32nd Street is surrounded by an abundance of neighborhood amenities. Healthcare facilities such as NYU Langone Medical Center, Bellevue Hospital, and the VA Hospital are just steps away. For recreation, enjoy easy access to the East River Greenway for waterfront strolls, Asser Levy Recreation Center with pools and playgrounds, and Bellevue South Park, which offers green spaces and sports facilities. For your daily needs, the property is within walking distance of Trader Joe’s and Fairway Market. Food enthusiasts will appreciate the vibrant culinary scene nearby, including “Curry Hill,” renowned for its authentic Indian cuisine. Commuting is a breeze with the 6 train at 28th Street, multiple MTA bus routes, and the East 34th Street Ferry Landing connecting you to various parts of the city. As an investment, 216 East 32nd Street stands out in Manhattan’s dynamic real estate market. Kips Bay’s strong rental demand, fueled by its proximity to medical centers and educational institutions, ensures a steady pool of tenants, while the area’s continued development offers excellent prospects for property appreciation. Whether you’re looking to own a piece of Manhattan history or capitalize on a lucrative investment opportunity, 216 East 32nd Street is a rare find that combines location, functionality, and timeless appeal. Discover the possibilities this exceptional property offers. Schedule your viewing today!

Listing History for 216 East 32nd Street

Now
01/08/2025
$3,895,000
Initial Price by Keon Hazzard
Compass
2025

Building Details for 216 East 32nd Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts4/5
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

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