Map
Listed price in listed location currency (USD).
$5,500,000

560

MLS® RLS20092524

Overview

Key Facts

Type Multi Family
Levels Residential
Size 4590 sqft
Garage 
Taxes $67,788
Days Active 125
Lot Size 1568 SF
Approx. Age 1910
Avg. Price Per Sqft $1,198
MLS® Number RLS20092524

Property Address: 226 E 32nd St, New York, NY, 10016-6373

Average square foot calculated using Size range provided by listing agent.

Description

<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-&agrave;-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>
MLS® NumberRLS20092524
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1910
BasementOther
Driveway
Garage Spaces
Heat
A/COther

Extras

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