214 East 32nd Street
New York, NY 10016

214 East 32nd Street is a VACANT 4 Story Red Brick Residential Townhouse in Kips Bay Manhattan New York. There are 8 Units, 3 free market, 4 rent stabilized, and 1 rent controlled. Each floor has 2 studios. On the first floor the 2 studios have been combined to create a 1 bedroom. There is a 50′ X 19′ back yard and a recently renovated basement. The property is completely underutilized and ripe for value add either as rental income, condominiums, or single family house. The first floor can incorporate the basement and garden to create a 1 bedroom duplex with recreation room and backyard. The other studios can be converted into one bedroom floor-throughs. All this can be done to create several free market apartments. Additionally, 1,804 Square feet can be added creating 2 Additional floors with a terrace and a roof deck for a total of 5,556 square feet. All floors can be easily combined to create wide range of configurations, from a single family house to 10 units. Beautiful tree lined quiet block and is in the best part of Kips Bay. It is the perfect location, 2 blocks from New York’s largest major medical hub – NYU Medical Center, the FDR, 6 train, and 34th street crosstown bus. Furthering Kips Bay desirability is being the closest neighborhood to the super-hot below 14th street market, providing an more affordable residential alternative.


Neighborhood: Kips Bay

Lot Sqft: 1,852

Lot Dimensions: 18.75 x 98.75

Property Taxes: $55,029

Building Square feet: 3,752

Sqft Allowable:: 5,556

Year Built: 1910

Property Highlights

Points of Interest

  • NYU Medical Center
  • Trader Joe’s
  • Fairway Market
  • AMC Kips Bay Theater
  • Equinox