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248 East 32nd Street Kips Bay New York NY 10016
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  2. 248 East 32nd Street
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
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248 East 32nd Street

Kips Bay | NY
Third Avenue & Second Avenue

Schedule a Viewing
$ 5,450,000
Building For Sale
Property Type
Active
Status
9
Bedrooms
9
Bathrooms
6,250/581
ASF/ASM
$ 112,181
Real Estate Taxes [Per Annum]
  • 248 East 32nd Street
  • $ 5,450,000
248 East 32nd Street Kips Bay New York NY 10016

Building Details

248 East 32nd Street Kips Bay New York NY 10016
Income Property
Ownership
Townhouse
Building Type
Video Intercom
Service Level
Walk-up
Access
912/40
Block/Lot
25'x50'
Building Size
25'x98'75"
Lot Size
R7B
Zoning
1910
Year Built
5/7
Floors/Apts

Photos

248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016
248 East 32nd Street Kips Bay New York NY 10016

Floor Plan

248 East 32nd Street Kips Bay New York NY 10016
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.

Features

A/C
Garden
Washer / Dryer
248 East 32nd Street Kips Bay New York NY 10016

Contact

License Licensed As: Michael Segerman
Michael Segerman

Michael Segerman

License Licensed As: Michael Segerman

Principal

W: 516-297-3337
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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.
Listing ID: 20341TH