Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $4,400,000

· Closed June 17, 2021

218 E 32nd Street

$4,400,000

$1,104 per sq ft

218 E 32nd Street

Kips Bay, Manhattan

MLS® #RLS10698171

RLS at REBNY

Listing by Vandenberg -The Townhouse Experts

Studio

0

Bath

3,984

Sq. Ft.

1901

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 0
Living Area 3,984 sq ft
Year Built 1901
Neighborhood Kips Bay

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1901)

Property Details

Type Single Family Residence
Baths 0 Full
Pets Yes
Cross Street Third Avenue/Second Avenue
Year Built 1901
Living Area 3,984 sq ft
Architectural Style Prewar
Parcel # 0912-0055
Block/Lot 912/55

Listing History

Event Date Price Change
Listed Feb 9, 2021 $4,400,000 -
Currently May 6, 2026 $4,400,000 -

Description

Located on a quiet, unassuming Midtown street this tidy townhouse feels like home to all who enter. Clean lines and charming details abound in each of the three free-market units including exposed brick walls, 4 operational fireplaces, and large windows that provide plenty of natural light and even a few peek-a-boo views of iconic buildings. Most noteworthy is the unique sunken living room in the owner's triplex that has a glorious wall of glass sliding doors and windows that open to a bi-level rear garden.

There is easy walking to all major transportation including the 6 Train and Penn Station as well as quick access to the Midtown Tunnel for airports or points on Long Island.

218 East 32nd Street has been cared for with pride. It is a well-priced townhouse to renovate into a single-family dream or live virtually free in the owner's triplex while collecting rent from the two high-income units. This is the townhouse to buy: annual taxes are $12,000.

Garden Floor
The garden floor of the townhouse serves as the main living area for the owner's unit. It is a celebration of mid-century styling and 'outside in' energy. A private entrance under the front stoop leads to a main hallway where a bathroom is found. The hall flows towards a gracious eat-in kitchen with plenty of counter and cabinet space. Beyond the kitchen is a formal dining area that overlooks a spectacular sunken living room complete with a fireplace and wall of glass sliding doors and windows. Additional highlights of the floor include charming parquet floors with an ash-colored stain, wrought iron railings, and painted exposed brick on both East and West walls. The private bi-level garden is deep, contains hearty plants as well as a mature magnolia tree, and is the ideal balance of sun and shade.

Parlour Floor
The parlour floor is a continuation of the owner's unit and has two bedrooms. The front bedroom has a bow window, fireplace, alcove dressing area, and ensuite bathroom with tub. The rear master bedroom features two large windows, three spacious closets, dressing area, and an ensuite bathroom with shower. The parlour floor also contains a tidy vestibule linking the main entrance atop the front stoop with the staircase to the upper floor apartments.

Third Floor and Fourth Floor
Both the third and fourth floors host individual, free-market apartments. These 2-bedroom, floor-through units are flooded with natural light and are configured with the bedrooms in the rear of the floor to take advantage of the garden views. Both have operational fireplaces and kitchens with full-size appliances including dishwashers. The fourth-floor apartment has interior stair access to the roof.

Cellar
The townhouse cellar is accessed via the main stairwell in the owner's unit, essentially making it a triplex. The majority of the space is occupied by a rec room with tiled floor. The front of the cellar contains separate laundry and mechanical rooms, while the rear of the floor underneath the sunken living room serves as a large crawl space for storage.

Building Information

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

131

Median Asking Price

$850K

Median $/Sqft

$1,471

Avg Days on Market

N/A

New This Week

10

Price Reduced

30%

Sold (30 Days)

21

Median Sale Price

$800K

Live data from RLS at REBNY • Updated 5/6/26, 4:44 AM EST

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Location

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218 E 32nd Street, Kips Bay, New York County • Near Third Avenue/Second Avenue

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1925
Year Built
101 years old
2
Floors
2
Residential Units
R6B
Zoning District
Two Family Dwellings

Tax & Assessment

Assessed Value: $63,420
Land Value: $7,800
Exemptions: $0

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

Lot Area: 917 SF
Building Area: 960 SF
Built FAR: 1.05
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

This property has 0 bedrooms and 0 full bathrooms.

The listed interior living area is 3,984 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1901, making it approximately 125 years old.

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

At the current list price of $4,400,000 for 3,984 sq ft, the asking price per square foot is approximately $1,104. 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: RLS10698171
First Listed: 2/9/2021
Price Changed: 2/9/2021
Closed: 6/17/2021
Contract Date: 2/8/2021

Listing Courtesy of Vandenberg -The Townhouse Experts - Dexter Guerrieri

Listing Contact: (212) 769-9600

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 5/6/2026 at 8:44 AM UTC

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