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  • 248 East 32nd Street
  • $ 5,450,000
248 East 32nd Street Kips Bay New York NY 10016
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248 East 32nd Street

Kips Bay   |   Third Avenue & Second Avenue
Listing ID: 20341TH

  • $ 5,450,000
  • 9 Bedrooms
  • 9 Bathrooms
  • TownhouseBuilding Type
  • 6,250/581 Approx. SF/SM

  • Details
    • Income PropertyOwnership
    • $ 112,181Anual RE Taxes
    • 25'x50'Building Size
    • 25'x98'75"Lot Size
    • 1910Year Built
    • ActiveStatus

248 East 32nd Street Kips Bay New York NY 10016
  • Description
  • 248 East 32nd Street is a rare 25’-wide, five-story townhouse located on one of Midtown East’s finest townhouse streets. This property is an ideal turn-key opportunity for those seeking to live with income in the owners triplex or lease out this fully free market building with easy 100% occupancy upon closing. Number 248 is currently configured as seven (7) units; six (6) graciously sized, beautifully renovated front and rear one-bedroom apartments on the upper three floors, over an owner’s duplex on the garden and parlor levels. The owner’s duplex has been meticulously renovated featuring CAC, three (3) bedrooms, three (3) full bathrooms, a chef ’s kitchen with a large center island, an immense 50’-deep, approximately 1,200 square foot tiered and landscaped garden, and access to the basement. This unit creates a rare opportunity to own a prime turnkey property with a strong cash flow. 248 East 32nd Street is surrounded by the best Kips Bay has to offer – a short walk to the restaurants, cafes,and shops along Second and Third Avenues, close proximity to the 6 train, and only steps from Trader Joe’s and Fairway Market. * Co-exclusive with The New York Multifamily team of Marcus and Millichap

    248 East 32nd Street is a rare 25’-wide, five-story townhouse located on one of Midtown East’s finest townhouse streets. This property is an ideal turn-key opportunity for those seeking to live with income in the owners triplex or lease out this fully free market building with easy 100% occupancy upon closing. Number 248 is currently configured as seven (7) units; six (6) graciously sized, beautifully renovated front and rear one-bedroom apartments on the upper three floors, over an owner’s duplex on the garden and parlor levels. The owner’s duplex has been meticulously renovated featuring CAC, three (3) bedrooms, three (3) full bathrooms, a chef ’s kitchen with a large center island, an immense 50’-deep, approximately 1,200 square foot tiered and landscaped garden, and access to the basement. This unit creates a rare opportunity to own a prime turnkey property with a strong cash flow. 248 East 32nd Street is surrounded by the best Kips Bay has to offer – a short walk to the restaurants, cafes,and shops along Second and Third Avenues, close proximity to the 6 train, and only steps from Trader Joe’s and Fairway Market. * Co-exclusive with The New York Multifamily team of Marcus and Millichap

    Listing Courtesy of Garfield, Leslie J. & Co., Inc.
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  • Matthew Coleman

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    W: 212-677-4040
    M: 917-494-7209
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  • Matthew Coleman

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    Licensed Broker - President

    W: 212-677-4040
    M: 917-494-7209
    • Email Me
    • Download Contact

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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 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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.
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31 East 12th Street, New York, NY 10003
Tel: 212.677.4040 | Fax: 212.677.4041 | info@colemanrealestate.com
© 2025 by Coleman Real Estate.  All Rights Reserved
31 East 12th Street, New York, NY 10003
Tel: 212.677.4040
Fax: 212.677.4041
info@colemanrealestate.com

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T01.50.0.0 | Core: 50.0.0
31 East 12th Street, New York, NY 10003
T:   212.677.4040   |   Email:   info@colemanrealestate.com
T01.50.0.0 | Core: 50.0.0