Murray Hill Multifamily Property

248 E 32nd St, New York, NY 10016

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For Sale

$4,950,000

Free market building with seven residential units in Murray Hill.

Type:Multifamily

Property size:

2,400 SF

Price / SF:

$2,062/SF

HighLights

Completely free market building in booming Murray Hill, offering significant rental growth potential and inflation hedge.
Desirable 2,400 sq ft triplex with 3 bedrooms, 3 bathrooms, fireplace, and a 1,200 sq ft private garden, ideal for live‑plus income.
Prime location directly across from Fairway Market and Trader Joe's, and two blocks from the 6 train.
Six impeccably designed, free market 1‑bedroom apartments provide consistent cash flow.
Attractive tax class 2B, ideal for long‑term cash flow investors.
25‑foot‑wide multifamily asset, a rare find in Murray Hill.

We can help!

Listing Contact

Joe Koicim

Learn more

For Sale

$4,950,000

Free market building with seven residential units in Murray Hill.

Type:Multifamily

Property size:

2,400 SF

Price / SF:

$2,062/SF

Added:: Apr 3, 2026
Days on Market:: 80
Last Refresh:: Apr 3 at 5:11 am

Property Features for 248 E 32nd St

General Information

Standard status: Active
Size: 2,400 SF
Property subtype: Multifamily

We can help!

Listing Contact

Joe Koicim

Listing agent Joe Koicim License #NY: 10301208718

Listing office New York City Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 New York City Office

HighLights

Completely free market building in booming Murray Hill, offering significant rental growth potential and inflation hedge.
Desirable 2,400 sq ft triplex with 3 bedrooms, 3 bathrooms, fireplace, and a 1,200 sq ft private garden, ideal for live‑plus income.
Prime location directly across from Fairway Market and Trader Joe's, and two blocks from the 6 train.
Six impeccably designed, free market 1‑bedroom apartments provide consistent cash flow.
Attractive tax class 2B, ideal for long‑term cash flow investors.
25‑foot‑wide multifamily asset, a rare find in Murray Hill.

Overview

This 25-foot-wide multifamily property is located in the Murray Hill neighborhood. The building contains seven free market residential units. Six of the units are renovated one-bedroom apartments. The remaining unit is a 2,400 square foot triplex with three bedrooms and three bathrooms. The triplex includes three south-facing windows, a fireplace, and a private garden of approximately 1,200 square feet. The property is in tax class 2B. The building is suitable as a cash-flowing asset or a live-plus income opportunity. The deregulated status of the building allows for potential rental growth. The triplex with a private garden makes the building suitable for an owner occupant looking to generate income from the other six apartments. The property is located a few blocks from the 6 train and across from Fairway Market and Trader Joes.

Location Intelligence

Current Use by Public Records

Apartment buildings

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Local Demand

City: New York
County: New York
State: New York
Longitude: -73.9471432
Latitude: 40.6446081

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For sale
Apartment buildings
NY
New York
10016
248 E 32nd St

What type of property is this?

Apartment building - Free market building with seven residential units in Murray Hill.

Where is this apartment building located?

The property is located at 248 E 32nd St New York, NY.

What is the asking price?

The asking price for this property is $4,950,000.

What are key features of this property?

This property features: Completely free market building in booming Murray Hill, offering significant rental growth potential and inflation hedge.; Desirable 2,400 sq ft triplex with 3 bedrooms, 3 bathrooms, fireplace, and a 1,200 sq ft private garden, ideal for live‑plus income.; Prime location directly across from Fairway Market and Trader Joe's, and two blocks from the 6 train.

248 E 32nd St, New York, NY 10016

Free market building with seven residential units in Murray Hill.

Property Features for 248 E 32nd St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Second-Floor Professional Office

Medical/Dental Condo Ready

Manhattan Commercial Condo For Sale

Vacant First-Floor Retail Store

Established Medical-Dental Practice Condo

Four-Story Mixed-Use Building

Chinatown Office Space Opportunity

Chinatown Office Space Opportunity

Detached Two-Family Home with Garage

Morningside Gold Coast Brownstone

Two-to-Four Unit Residential Property

Mixed-Use Building with Retail

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