250 E 32nd St New York, NY 10016
Kips Bay NeighborhoodEstimated payment $25,483/month
Total Views
34
2
Beds
4
Baths
3,120
Sq Ft
$1,282
Price per Sq Ft
Highlights
- Rooftop Deck
- Pre War Building
- 3-minute walk to Vincent F Albano Jr Playground
- P.S. 116 Mary Lindley Murray Rated A-
- Intercom
About This Home
Seller is Very Motivated
Offered at $3,999,000
Welcome to 250 East 32nd Street, a meticulously maintained, mixed-use, four-story building in the heart of Kips Bay. With a full gut renovation completed approximately 10 years ago, this property combines modern infrastructure with timeless appeal, making it an ideal opportunity for both investors and owner-users seeking a strategic foothold in a thriving Manhattan submarket.
Property Overview:
Configuration: 3 units total
Ground Floor & Lower Level: Fully equipped dental office
Second Floor: Commercial/office studio space (zoned commercial)
Top Two Floors: Spacious, upscale duplex penthouse apartment with private roof deck
Current Tenancies & Lease Terms:
100% Occupied: Immediate income stream
Penthouse Apartment:
Rent: $6,495/month
Lease Expiration: November 1, 2025
Recent gut renovation, in-unit washer/dryers, hardwood floors, and a flexible one-to-two bedroom layout
Private 620 sq. ft. roof deck
Commercial Tenant (Dental Office):
Rent: $11,000/month plus 40% of real estate taxes (currently $1,333/month)
Fully plumbed treatment rooms, lab space, pump and vacuum systems, and X-ray-ready areas, making it turnkey for medical/dental use or adaptable for other professional services
Building Highlights:
Solid Investment Potential: Stable income from established tenants, with the possibility of future rental increases or reconfiguration to maximize value.
Quality Infrastructure: Gut renovated approximately 10 years ago, ensuring modern mechanicals, updated plumbing/electrical systems, and reduced maintenance costs.
Mixed-Use Flexibility: Ideal for an investor seeking diverse revenue streams or an owner-user looking to occupy the commercial space or the penthouse while collecting income from the other units.
Location & Connectivity:
Prime Kips Bay Setting: Surrounded by medical centers such as NYU Langone, as well as popular retailers including Trader Joe’s and Duane Reade.
Excellent Transit: Near the 6 train at 33rd Street and multiple bus lines, making commutes and client access seamless.
Neighborhood Growth: Kips Bay’s ongoing residential and commercial development supports strong demand, occupancy stability, and long-term appreciation.
A Unique Opportunity:
250 East 32nd Street stands ready for an investor or owner-occupant who appreciates a turnkey asset, robust existing income streams, and the flexibility to adapt the building for future growth. With established leases, a prime location, and quality renovations already in place, this property is poised to deliver steady returns and value appreciation for years to come.
For further information, or to schedule a private viewing, please reach out today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $40,000
Year Built
- Built in 1920
Lot Details
- 624 Sq Ft Lot
- Lot Dimensions are 26.00 x 24.00
Home Design
- Pre War Building
Interior Spaces
- 3,120 Sq Ft Home
- 4-Story Property
- Intercom
Bedrooms and Bathrooms
- 2 Bedrooms
Community Details
- Kips Bay Subdivision
- Rooftop Deck
Listing and Financial Details
- Legal Lot and Block 39 / 912
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $40,991 | $392,400 | $138,600 | $253,800 |
| 2024 | $40,991 | $387,000 | $138,600 | $248,400 |
| 2023 | $43,225 | $406,020 | $138,600 | $267,420 |
| 2022 | $46,557 | $443,250 | $138,600 | $304,650 |
| 2021 | $45,957 | $429,750 | $138,600 | $291,150 |
| 2020 | $49,010 | $565,650 | $138,600 | $427,050 |
| 2019 | $47,402 | $537,300 | $138,600 | $398,700 |
| 2018 | $41,424 | $554,400 | $138,600 | $415,800 |
| 2017 | $35,086 | $485,550 | $138,600 | $346,950 |
| 2016 | $31,186 | $393,300 | $138,600 | $254,700 |
| 2015 | $12,289 | $430,650 | $138,600 | $292,050 |
| 2014 | $12,289 | $445,050 | $138,600 | $306,450 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $3,999,000 | -- | $1,282 / Sq Ft |
Source: Real Estate Board of New York (REBNY)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,360,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $7,856 | Commercial | |
| Open | $1,888,000 | Commercial | |
| Closed | $1,888,000 | Commercial | |
| Previous Owner | $750,000 | Commercial |
Source: Public Records
Similar Homes in the area
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20037614
APN: 0912-0039
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
Nearby Homes
- 248 E 32nd St Unit TH
- 251 E 32 St Unit 2-D
- 251 E 32nd St Unit 8H
- 251 E 32nd St Unit 2A
- 251 E 32nd St Unit 3B
- 251 E 32nd St Unit 15J
- 235 E 31st St
- 248 E 33rd St
- 300 E 33rd St Unit 2L
- 300 E 33rd St Unit 2K
- 300 E 33rd St Unit 2KL
- 300 E 33rd St Unit 9D
- 300 E 33rd St Unit 5H
- 300 E 33rd St Unit 9M
- 216 E 32nd St
- 219 E 31st St
- 248 E 31st St Unit 1D
- 248 E 31st St Unit 2C
- 233 E 31st St Unit A
- 609 2nd Ave Unit 505
- 230 E 32nd St Unit FL3-ID1228
- 237 E 31st St Unit 2
- 224 E 32nd St
- 224 E 32nd St
- 300 E 33rd St Unit 10A
- 219 E 31st St Unit UPTRIPLEX
- 605 2nd Ave
- 330 E 33rd St Unit 3M
- 205 E 31st St
- 303 E 33rd St Unit 7-B
- 225 E 34th St Unit 14D
- 225 E 34th St Unit 14C
- 222 E 34th St Unit FL21-ID1251676P
- 222 E 34th St Unit FL6-ID1251685P
- 222 E 34th St Unit FL14-ID1251684P
- 222 E 34th St Unit FL23-ID585
- 222 E 34th St Unit FL22-ID999
- 207 E 33rd St Unit FL3-ID1251678P
- 303 E 33rd St
- 236 E 30th St