226 E 32ND Street, Manhattan, NY 10016
226 E 32ND Street, Manhattan, NY 10016
226 E 32ND Street, Manhattan, NY 10016
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Randy Reis

Randy Reis

+1(917) 336-1118
Listing Courtesy of Leslie J Garfield & Co Inc
$5,500,000
Est. payment /mo
5 Beds
6 Baths
4,590 SqFt
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UPDATED:

Key Details

Property Type Multi Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,590 sqft

Price per Sqft $1,198

Subdivision Kips Bay

MLS Listing ID RLS20092524

Bedrooms 5

Full Baths 6

HOA Y/N No

Year Built 1910

Annual Tax Amount $67,788

Property Sub-Type Multi Family

Property Description

RENTAL UNITS ARE GREATLY UNDER MARKET - ESTIMATED ANNUAL RENT IS $312K/YEAR. 226 East 32nd Street is a meticulously maintained five-story townhouse configured as four well-laid-out residences, including a garden duplex with private outdoor space and three one-bedroom floor-through units above. This turnkey property offers the rare opportunity to move in or rent immediately, without the cost or disruption of a renovation. It's ideal for an owner-occupant seeking a comfortable residence with strong supplemental income from the additional units. For an owner-occupant, the numbers tell a compelling story. With 30% down and rental income from the three upstairs units applied against carrying costs, the net monthly cost of owning the entire building comes to roughly $22,000. By comparison, renting a comparable garden duplex alone in this neighborhood could run approximately $12,000 per month. For about $10,000 more per month, a buyer can own the entire five-story townhouse outright, building equity and long-term value instead of paying rent indefinitely. 226 East 32nd Street combines condition, configuration, and location for an exceptional opportunity, whether for an end-user or an investor seeking immediate usability and long-term value. Additional notes: With four units, the property may qualify for exemption from the pied-à-terre tax; buyers should confirm with their attorney. A full staircase provides roof access, offering potential for a roof deck, subject to DOB approval. Monthly cost estimates assume 30% down and prevailing jumbo mortgage rates; actual terms vary by buyer and lender and should be confirmed with a mortgage professional.

Location

State NY

County New York

Rooms

Basement Other

Interior

Interior Features Smoke Free

Cooling Other

Fireplace No

Appliance Washer Dryer Allowed

Laundry Building Other, Washer Hookup, In Unit

Exterior

Exterior Feature Building Roof Deck, Garden, Private Outdoor Space Over 60 Sqft

Pool Building None

View Y/N No

View Other

Porch None

Private Pool Yes

Building

Dwelling Type Townhouse

Story 1

New Construction No

Others

Pets Allowed Pets Allowed

Tax ID 0912-0051

Ownership None

Monthly Total Fees $5, 649

Special Listing Condition Standard

Pets Allowed Building Yes, No

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REBNY IDX
RLS Data display by eXp Realty

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 336-1118

Team Leader License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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