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248 East 32nd Street, TH

$5,700,000 ($912 per ft2) | 9 beds, 9 baths | Approx. 6,250 ft2
Building Profile  | 
740 days on Market

Key Details

  • Listed: Dec 16, 2022
    Last Price Change: ($697,362) on Mar 7
    Days on Market: 740
    Building Type: Rental
    Neighborhood: Murray Hill (Manhattan)
Monthly Real Estate Taxes: $8,181
Total Taxes & Fees: $8,181 ($1.31/ft2)
Est. Monthly Mortgage: $30,460
Total Est. Monthly Carrying Cost: $38,641 ($6.18/ft2)
Note: the above is based on a down payment of 20% ($1,140,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location: Desirable Neighborhood
  • This rare 25’-wide, five-story townhouse is located in the highly sought-after Murray Hill neighborhood, close to restaurants, cafes, and shops along Second and Third Avenues, as well as the 6 train, Trader Joe’s, and Fairway Market.
  • Configuration: Multiple Units
  • The property is currently configured as seven units, six of which are beautifully renovated one-bedroom apartments, making it an ideal turn-key opportunity for those seeking to live with income.
  • Owner's Duplex: Luxurious Living
  • The owner’s duplex has been meticulously renovated and features three bedrooms, three full bathrooms, and a chef’s kitchen, offering a luxurious living experience.

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 an immaculate garden duplex with a large south-facing garden. 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

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Listing courtesy of Leslie J Garfield & Co Inc

Pricing History

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About 248 East 32nd Street

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Subways

  1. 6
at Park Ave 0.30 miles