$3,895,000
$45K PRICE INCREASE

Estimated payment $27,193/month

Total Views 6,355
9 Beds
7 Baths
3,752 Sq Ft
$1,038 Price per Sq Ft

Highlights

  • Wood Flooring
  • Private Yard
  • Recessed Lighting
  • P.S. 116 Mary Lindley Murray Rated A-
  • No HOA
  • 4-minute walk to Vincent F Albano Jr Playground

About This Home

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 Agent

Steven Giles

Compass License #10301211199 Listed on: 01/08/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $70,416

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 18.750000x98.750000
  • Private Yard

Interior Spaces

  • 3,752 Sq Ft Home
  • 3-Story Property
  • Recessed Lighting
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Cooktop
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • No Heating

Community Details

  • No Home Owners Association
  • 5 Units
  • Kips Bay Subdivision

Listing and Financial Details

  • Legal Lot and Block 56 / 00912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$70,416

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Kips Bay
  • Entry Level: 1
  • Structure Type: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Features: Recessed Lighting
  • Appliances: Cooktop, Dryer, Dishwasher, Gas Cooktop, Refrigerator, Range Hood, Stainless Steel Appliance(s), Washer
  • Fireplace: No
  • Flooring: Hardwood
  • Living Area: 3752.0
  • Living Area Units: Square Feet
  • Rooms (Total): 12
  • Basement: Yes
  • Basement: Full
  • Window Features: Double Pane Windows

Beds/Baths

  • Full Bathrooms: 7
  • Bathrooms Integer: 7
  • Bedrooms: 9

Exterior Features

  • View: No
  • Exterior Features: Private Outdoor Space Over 60 Sqft, Private Yard

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: See Remarks
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 18.750000x98.750000

Building Info

  • New Construction: No
  • Units: 5
  • Total Stories: 3
  • Year Built: 1900

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 00912
  • Tax Lot: 56
  • Tax Annual: 70416.0

Multi Family

  • Building Area Units: Square Feet

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2025 01/08/25 For Sale $3,850,000 -- $1,026 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11027772

Real Estate Board of New York (REBNY)