Four-Unit Townhouse
For Sale
$5,500,000
226 E 32ND Street, New York City, NY 10016
Five-story townhouse configured as four residences, including a garden duplex with private outdoor space.
Property Size4,590 SF
Price / SF$1,198
Days on Market172
Property Features for 226 E 32ND Street
General Information
Standard status
Active
Size
4,590 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$67,788
Building Details
Building Size
4,590 SF
Year Built
1910
Stories
5
Tenancy
Multi
Listing Agency:
Leslie J Garfield & Co Inc
Listed By:
Cathy Connolly
(646) 894-3736
Source:
Philipscheinfeld
Added: May 13
Changed: Oct 25
Last Checked: Oct 28 at 1:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Leslie J Garfield & Co Inc
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Investment Insights
Based on property information with market context.
This beautifully maintained five-story townhouse is configured as four thoughtfully laid-out residences, including a garden duplex with private outdoor space. The property is presented as turnkey, with the ability to move in or rent immediately without needing a renovation. A full staircase provides access to the roof, and any potential roof deck addition would require approval from DOB.
The building is located on a quiet, sun-filled block in the heart of Kips Bay, within moments of Grand Central Station, The Morgan Library & Museum, and the Empire State Building. The area also offers convenient everyday amenities, including a movie theater nearby.
Designed to support both owner-occupancy and rental income, the configuration includes multiple separate residences within a single townhouse building.
The building is located on a quiet, sun-filled block in the heart of Kips Bay, within moments of Grand Central Station, The Morgan Library & Museum, and the Empire State Building. The area also offers convenient everyday amenities, including a movie theater nearby.
Designed to support both owner-occupancy and rental income, the configuration includes multiple separate residences within a single townhouse building.
Key Highlights
- 1910 five‑story townhouse configured as four residences
- Includes a garden duplex with private outdoor space
- Full staircase to the roof for easier potential roof deck access (check with DOB for approval)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,342
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,106,840
$3.1M
Cap Rate 7%
$2,219,171
$2.2M
Cap Rate 9%
$1,726,022
$1.7M
Market Conditions
NOI Build-Up for 4,590 SF
Gross rent
$234.1K $51.00/SF
− Vacancy
−$12.2K −$2.65/SF
EGI
$221.9K $48.35/SF
− OpEx
−$66.6K −$14.50/SF
NOI
$155.3K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,106,840
Cap Rate 7%
$2,219,171
Cap Rate 9%
$1,726,022
Alternative Uses
Best Use
Multifamily LT 5
$2.22M
$1.94M – $2.59M
NOI $155,342 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$2.05M
$1.80M – $2.39M
NOI $143,609 @ 7.0% cap · market cap 2.61%
Theoretical Best
Specialty Retail
$11.43M
$10.00M – $13.33M
NOI $799,762 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,550
Businesses Nearby
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Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Five-story townhouse configured as four residences, including a garden duplex with private outdoor space.
Where is this quadplex located?
The property is located at 226 E 32ND Street New York City, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 1910 five‑story townhouse configured as four residences; Includes a garden duplex with private outdoor space; Full staircase to the roof for easier potential roof deck access (check with DOB for approval)
