NY > Manhattan > Kips Bay
Manhattan, NY 10016,250 E 32nd Street
Manhattan, NY 10016,250 E 32nd Street
Manhattan, NY 10016,250 E 32nd Street
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Listing Courtesy of Blu Realty Group
$3,999,000
Est. payment /mo
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2 Beds
2 Baths
3,120 SqFt
New

250 E 32nd Street Manhattan, NY 10016

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Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,120 sqft

Price per Sqft $1,281

Subdivision Kips Bay

MLS Listing ID RLS20037614

Style Prewar,Walk-Up

Bedrooms 2

Half Baths 2

HOA Y/N No

Year Built 1920

Annual Tax Amount $40,000

Property Sub-Type Multi Family

Property Description

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.

Location

State NY

County New York

Interior

Equipment Intercom

Fireplace No

Laundry See Remarks

Exterior

Exterior Feature Building Roof Deck, Private Outdoor Space Under 60 Sqft

View Y/N No

Porch Rooftop

Private Pool No

Building

Story 4

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $3, 333

Pets Allowed Building Yes, Yes

REBNY IDX
RLS Data display by Manhattan Miami Real Estate

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agent

Anthony Guerriero

Broker

+1(646) 376-8752

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250 E 32nd Street

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