226 E 32nd Street, Manhattan, NY 10016
Local realty services provided by:CENTURY 21 Awaye Realty
226 E 32nd Street,Manhattan, NY 10016
$5,500,000
- 5 Beds
- 6 Baths
- 4,590 sq. ft.
- Multi-family
- Active
Listed by: cathy connolly
Office: leslie j garfield & co inc
MLS#:RLS20092524
Source:NY_REBNY
Price summary
- Price:$5,500,000
- Price per sq. ft.:$1,198.26
About this home
<p> </p> <p>RENTAL UNITS ARE GREATLY UNDER MARKET - ESTIMATED ANNUAL RENT IS $312K/YEAR.</p> <p>226 East 32nd Street is a meticulously maintained five-story townhouse configured as four well-laid-out residences, including a garden duplex with private outdoor space and three one-bedroom floor-through units above.</p> <p>This turnkey property offers the rare opportunity to move in or rent immediately, without the cost or disruption of a renovation. It's ideal for an owner-occupant seeking a comfortable residence with strong supplemental income from the additional units.</p> <p>For an owner-occupant, the numbers tell a compelling story. With 30% down and rental income from the three upstairs units applied against carrying costs, the net monthly cost of owning the entire building comes to roughly $22,000. By comparison, renting a comparable garden duplex alone in this neighborhood could run approximately $12,000 per month. For about $10,000 more per month, a buyer can own the entire five-story townhouse outright, building equity and long-term value instead of paying rent indefinitely.</p> <p>226 East 32nd Street combines condition, configuration, and location for an exceptional opportunity, whether for an end-user or an investor seeking immediate usability and long-term value.</p> <p>Additional notes:</p> <p>With four units, the property may qualify for exemption from the pied-à-terre tax; buyers should confirm with their attorney.</p> <p>A full staircase provides roof access, offering potential for a roof deck, subject to DOB approval.</p> <p>Monthly cost estimates assume 30% down and prevailing jumbo mortgage rates; actual terms vary by buyer and lender and should be confirmed with a mortgage professional.</p> <p> </p>...
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Home facts
- Year built:1910
- Subdivision & Development:Kips Bay
- Listing ID #:RLS20092524
- Added:110 day(s) ago
- Updated:September 08, 2026 at 11:06 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:6
- Full bathrooms:5
- Half bathrooms:1
- Rooms Total:10
- Basement:Yes
- Living area:4,590 sq. ft.
Structure and exterior
- Year built:1910
- Building area:4,590 sq. ft.
- Exterior Features:Building Roof Deck, Garden
- Levels:1 Story
Finances and disclosures
- Price:$5,500,000
- Price per sq. ft.:$1,198.26
- Tax amount:$67,788
Features and amenities
- Appliances:WasherDryerAllowed
- Laundry features:Washer Dryer Allowed
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