Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
226 E 32ND Street
Interested in this property?
Active For Sale Multi Family

$5,500,000

$1,198 per sq ft

226 E 32ND Street

Kips Bay, Manhattan

MLS® #RLS20092524

RLS at REBNY

Listing by Leslie J Garfield & Co Inc

5

Bedrooms

5.5

Baths

4,590

Sq. Ft.

1910

Year Built

Quick Summary

Bedrooms 5
Bathrooms 6 full, 1 half
Living Area 4,590 sq ft
Lot Size 1,568 sq ft
Year Built 1910
Ownership None
Property Taxes $67,788/yr
Neighborhood Kips Bay
Floor 1 of 1

Property Highlights

  • Views: Other
  • Climate Control: Other
  • Character: Pre-war building (1910)

Property Details

Type Multi Family
Ownership None
Total Rooms 10
Baths 5 Full, 1 Half
Floor 1 of 1
View Other
Cooling Other
Pets Yes
Year Built 1910
Living Area 4,590 sq ft
Structure Type Townhouse
Basement Other
Lot Size 1,568 sq ft
Parcel # 0912-0051
Block/Lot 00912/0051

Listing History

Event Date Price Change
Listed May 13, 2026 $5,500,000 -
Currently May 20, 2026 $5,500,000 -

Description

Situated on a quiet, sun-filled block in the heart of Kips Bay, 226 East 32nd Street is a beautifully maintained five-story townhouse configured as four thoughtfully laid-out residences, including a charming garden duplex with private outdoor space.

This turnkey property has been carefully cared for over the years, offering the rare opportunity to move in or rent immediately without the uncertainty, expense, or disruption of a renovation. The layout is ideally suited for an owner seeking a comfortable live-in residence with strong supplemental income from the additional units.

Moments from Grand Central Station, The Morgan Library & Museum, and the Empire State Building, the neighborhood also offers the ease of everyday living, with a movie theater just around the corner and an excellent mix of local restaurants and coffee shops that give the area an inviting vibe.

226 East 32nd Street presents a rare combination of condition, configuration, and location-an ideal opportunity for an end-user or investor seeking immediate usability and long-term value.

Added bonus: there is a full staircase to the roof, making it much easier for one to add a roof deck. Please check with DOB for approval.

Features & Amenities

Interior Features

Smoke Free Building Other Washer Hookup In Unit

Exterior Features

Building Roof Deck Private Outdoor Space Over60 Sqft

Building Amenities

Green Building

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units -1
Stories 1
Structure Townhouse

Financial Details

RE Taxes $67,788/yr ($5,649/mo)

Kips Bay is a relaxed and highly convenient residential neighborhood located on the East Side of Manhattan. Known for its mix of mid-century high-rises and historic brick townhouses, it offers a more approachable price point than its neighbors to the north and south. Residents enjoy proximity to the East River Esplanade, a variety of local dining options, and easy access to the city's major medical centers and Midtown business hubs.

Kips Bay Live Market Data

View Neighborhood

Active Listings

130

Median Asking Price

$847K

Median $/Sqft

$1,471

Avg Days on Market

N/A

New This Week

8

Price Reduced

27%

Sold (30 Days)

5

Median Sale Price

$750K

Live data from RLS at REBNY • Updated 5/20/26, 5:24 PM EST

Similar Listings in Kips Bay

View All

Location

Loading map...

226 E 32ND Street, Kips Bay, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1925
Year Built
101 years old
2
Floors
3
Residential Units
R6B
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $74,820
Land Value: $8,880
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 917 SF
Building Area: 1,600 SF
Built FAR: 1.74
Allowed FAR: 2

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $67,788, or roughly $5,649 per month. Verify the current assessment with your attorney before closing.

This property has 5 bedrooms and 5 full bathrooms and 1 half bathroom.

The listed interior living area is 4,590 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $5,500,000 for 4,590 sq ft, the asking price per square foot is approximately $1,198. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20092524
First Listed: 5/20/2026
On Market: 5/13/2026
Price Changed: 5/20/2026
Contract Date: 5/13/2026

Listing Courtesy of Leslie J Garfield & Co Inc - Cathy Connolly

Listing Contact: (646) 894-3736

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the 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. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/20/2026 at 9:24 PM UTC

Buying Multi-Family? Start Here

2–4 Unit Multi-Family Investing in NYC

Cap rates, financing, and what to look for in small multifamily.

Read article

NYC Closing Costs: Complete Breakdown

Buyer and seller closing costs itemized, including what to budget for.

Read article

NYC Mansion Tax: 2026 Guide

How the tiered mansion tax works for purchases over $1M.

Read article

NYC Real Estate Market Report 2026

Data-driven analysis of prices, inventory, and trends across NYC.

Read article

Interested in this property?

Your info is secure and never shared.

Call Text Email