$4,250,000

250 E 32nd St New York City, NY 10016

2 beds
2 full, 2 partial
3,120 sqft
$1,362 / sqft
Multi-Family

Property details

About 250 E 32nd St

Seller is Very Motivated<br><br><br>Offered at $4,250,000<br><br>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.<br><br>Property Overview:<br><br>Configuration: 3 units total<br>Ground Floor & Lower Level: Fully equipped dental office<br>Second Floor: Commercial/office studio space (zoned commercial)<br>Top Two Floors: Spacious, upscale duplex penthouse apartment with private roof deck<br>Current Tenancies & Lease Terms:<br><br>100% Occupied: Immediate income stream<br>Penthouse Apartment:<br>Rent: $6,495/month<br>Lease Expiration: November 1, 2025<br>Recent gut renovation, in-unit washer/dryers, hardwood floors, and a flexible one-to-two bedroom layout<br>Private 620 sq. ft. roof deck<br>Commercial Tenant (Dental Office):<br>Rent: $11,000/month plus 40% of real estate taxes (currently $1,333/month)<br>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<br>Building Highlights:<br><br>Solid Investment Potential: Stable income from established tenants, with the possibility of future rental increases or reconfiguration to maximize value.<br>Quality Infrastructure: Gut renovated approximately 10 years ago, ensuring modern mechanicals, updated plumbing/electrical systems, and reduced maintenance costs.<br>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.<br>Location & Connectivity:<br><br>Prime Kips Bay Setting: Surrounded by medical centers such as NYU Langone, as well as popular retailers including Trader Joe’s and Duane Reade.<br>Excellent Transit: Near the 6 train at 33rd Street and multiple bus lines, making commutes and client access seamless.<br>Neighborhood Growth: Kips Bay’s ongoing residential and commercial development supports strong demand, occupancy stability, and long-term appreciation.<br>A Unique Opportunity:<br>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.<br><br>For further information, or to schedule a private viewing, please reach out today.

Highlights

Home typeMulti Family
StatusActive
Size3,120 sqft
Year built1920
MLS #RLS11024961

Summary

  • MLS Number: RLS11024961
  • MLS Name: RLS
  • Office Name: Blu Realty Group
  • Office Phone: (212) 580-8879
  • Listing Agent: Andrew Stearn
  • Agent Phone: (516) 776-7359

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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property.

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Last updated on: 3/15/2025, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$4,250,000

250 E 32nd St

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Price information

Property sales

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Tax history

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Nearby schools

7

P.S. 116 Mary Lindley Murray School

Public District KG-5

0.1 mi

210 E 33rd St

8

The River School

Public District PK-4

0.3 mi

425 E 35th St

8

P.S. 40 Augustus Saint-Gaudens School

Public District KG-5

0.6 mi

320 E 20th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $130,082. The majority of New York City, NY residents have income between $100k-200k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

13%
<35k
23%
35k-100k
34%
100k-200k
30%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

75%
Single, No Kids
2%
Single, with Kids
15%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

5%
<11 yrs old
3%
12-17 yrs old
44%
18-34 yrs old
35%
35-64 yrs old
13%
65+ yrs old

What do the neighbors do for fun?

  • Music ConcertsMusic Concerts
  • Art MuseumsArt Museums
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • H&MH&M
  • BloomingdalesBloomingdales
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • ChipotleChipotle
  • StarbucksStarbucks
  • Jack In The BoxJack In The Box

What do the neighbors drive?

  • VolkswagenVolkswagen
  • AudiAudi
  • ToyotaToyota

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • NewsNews
  • AlternativeAlternative
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 250 E 32nd St in New York City, NY and zip code 10016 in the Kips Bay neighborhood. This 3,120 square foot home was built in 1920. Features: 2 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $4,250,000.

Over 189 listings were sold over their listed price in February 2025 in New York City, NY. In the same period over 627 listings were sold below the listed price and 682 listings were sold for the listed price. The number of listings in New York City, NY decreased by 3.1% between January and February 2025. While the average time on the market in February 2025 was 130 days, the median list price was $867,439.

From Rocket Homes Real Estate and based on county public records data.

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