Estimated payment $20,215/month
About This Home
This 17-foot-wide multi-family townhouse on a tree-lined block the borders Kips Bay & Murray Hill features an owner’s triplex with two private outdoor spaces and two fully renovated one-bedroom units, each with outdoor access. The triplex includes 3 bedrooms, 3.5 baths, a windowed kitchen and dining area opening to a large terra cotta-tiled deck, a living room with exposed brick and fireplace, two upper-level bedrooms with en suite baths and laundry, and a top-floor primary suite with fireplace, marble bath, private terrace, and access to a full roof deck with sweeping city views, including the Empire State Building. One rental unit offers a south-facing terrace; while the other includes a 500 sq ft private garden. Ideal for live-with-income, investment, or conversion to single-family. Mixed-use zoning allows for ground floor commercial use. Located outside the historic district with approx. 9,272 total buildable square feet (~5,500+ remaining), C1-8A zoning allows for future expansion or redevelopment subject to City approval. Close to Grand Central, major medical institutions such as NYU Hospital, FDR Drive, and top Midtown dining and retail, this property offers exceptional value, flexibility, and upside. 248 East 33rd Street will be delivered vacant. ALL-CASH OFFERS ENCOURAGED.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $53,352
Year Built
- Built in 1910
Home Design
- 3,686 Sq Ft Home
- Slab Foundation
Bedrooms and Bathrooms
- 5 Bedrooms
Additional Features
- Laundry in Hall
- 1,233 Sq Ft Lot
- Basement
Community Details
- No Home Owners Association
- 3 Units
- Kips Bay Subdivision
- 5-Story Property
Listing and Financial Details
- Legal Lot and Block 0039 / 00913
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 | $53,362 | $451,121 | $153,168 | $297,953 |
| 2024 | $53,362 | $426,829 | $427,500 | $252,919 |
| 2023 | $48,481 | $395,218 | $193,236 | $201,982 |
| 2022 | $44,773 | $963,900 | $427,500 | $536,400 |
| 2021 | $44,890 | $1,048,950 | $427,500 | $621,450 |
| 2020 | $43,283 | $1,103,400 | $427,500 | $675,900 |
| 2019 | $41,409 | $1,088,550 | $427,500 | $661,050 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/02/2025 12/02/25 | Pending | -- | -- | -- |
| 10/04/2025 10/04/25 | Price Changed | $2,995,000 | -14.3% | $813 / Sq Ft |
| 06/13/2025 06/13/25 | For Sale | $3,495,000 | -- | $948 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $2,650,000 | -- |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20030989
APN: 0913-0039
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