226 E  32nd St, Manhattan, NY 10016
Property image
Property image
FOR SALE

$5,500,000

  • 5 Beds
  • 5.5 Baths

226 E 32nd St, Manhattan, NY 10016

Kips Bay
Est. Mortgage $32,768/mo*
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Home Highlights

Multi-Family
Built in 1910

Local Information

  • Map ViewExplore the area around 226 E 32nd St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

RENTAL UNITS ARE GREATLY UNDER MARKET - ESTIMATED ANNUAL RENT IS $312K/YEAR.

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.

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.

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.

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.

Additional notes:

With four units, the property may qualify for exemption from the pied-à-terre tax; buyers should confirm with their attorney.

A full staircase provides roof access, offering potential for a roof deck, subject to DOB approval.

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.
Contact this Building
Last check for updates: about 3 hours ago
Listing by: Leslie J. Garfield, (646) 894-3736
Cathy Connolly
Source: StreetEasy, MLS#S1826790

Home Details for 226 E 32nd St

Active Status

MLS Status: Active

Interior Features

Interior Details
Number of Rooms: 10
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 6Number of Bathrooms (full): 5Number of Bathrooms (half): 1
Appliances & Utilities
Appliances: DishwasherDishwasher
Heating & Cooling
No Cooling
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Floors: Hardwood
View
Has a ViewView: Garden

Exterior Features

Exterior Home Features
Patio / Porch: OtherExterior: GardenGarden
Parking & Garage
No Garage

Days on Market

Days on Market: 122

Property Information

Year Built
Year Built: 1910
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family

Price & Status

Price
List Price: $5,500,000

Location

Direction & Address
City: ManhattanCommunity: Kips Bay

Agent Information

Listing Agent
Listing ID: S1826790

HOA

HOA Fee: No HOA Fee

Listing Info

Special Conditions: Resale

Miscellaneous

Mls Number: S1826790Listing Url

Additional Information

STREETEASY Property ID: 8560655STREETEASY Building ID: 16054

Around this home

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Kips Bay

At least 236 Trulia users voted on each feature.
  • 91 % Say it's walkable to grocery stores

  • 90 % Say there are sidewalks

  • 90 % Say it's walkable to restaurants

  • 89 % Say it's dog friendly

  • 81 % Say streets are well-lit

  • 76 % Say people would walk alone at night

  • 55 % Say there's holiday spirit

  • 47 % Say kids play outside

  • 45 % Say they plan to stay for at least 5 years

  • 42 % Say neighbors are friendly

  • 35 % Say it's quiet

  • 31 % Say parking is easy

  • 26 % Say there are community events

  • 20 % Say yards are well-kept

  • 17 % Say there's wildlife

  • 16 % Say car is needed

Sourced by Trulia users. Learn more about our methodology.
  • Tarestre
    "I bike most of the time or use the subway of I’m going farther than a 20 minute bike ride. The 6 train or buses work pretty well "
  • Luis Ruiz
    "This is NYC. It’s a city. Be wary and always watch your children and who you leave them with. Early to bed and early to rise and you will keep away the bad vibes. "
  • Arthur Clark
    "I work in this neighborhood and frequent it regularly. I usually buy things and go into stores and talk with the owners."
  • Trulia User
    "A mixture of all people living together. I like the small businesses and restaurants. It is very lively."
  • Trulia User
    "the people and location. tons of pubs and restaurants. expensive but worth the price. unique place......................"
  • Guevarac61
    "I don’t live here, just visiting. I don’t know much about area except that it’s very well kept, clean and accesible to public transportation."
  • Iaaktwenty288
    "safety and security for children in this community is very much secured. highly recommended neighborhood. "
  • Sasha R.
    "Lots of parks not too far away for dogs. Sidewalks are great. Lots of trash cans to throw out poop. "
  • Xena20208
    "Near restaurants...stores...clothes shopping...parks....swimming pools...churches...New York city is the epicenter of happiness...life...joy...."
  • Rkleinnyc
    "Good access to transportation. Both bus and trains. Close to Grand Central for Metro North. Close to East River Ferries."
  • Fleeemail
    "Super convenient to get to a lot of different areas of city. Being in District 2, good position when applying to NYC schools. "
  • Comixace
    "I walk to work it takes 10 minutes and I pass tons of lunch spots and shops. It’s a fantastic neighborhood-one of the best in the city. "
  • Louisuaec
    "Close to many private and public schools . Their are also many parks and playgrounds nearby. I enjoy the two ferry stops on 34th and 17th street and there fdr."
  • R
    "Lots of subway lines within a 10 min walk including the 6 and the N, R, W. Commuting is better than most areas. "
  • Arch
    "I’ve live here and it’s the best neighborhood. Safe and convenient, living in the city of dreams. Kips Bay is a neighborhood in New York City, New York with a population of 35,067. Kips Bay is one of the best places to live in New York. Living in Kips Bay offers residents an urban feel and most residents rent their homes. In Kips Bay there are a lot of bars, restaurants, coffee shops, and parks."
  • Blinda333
    "A wonderful neighborhood where you can make friends and people are always willing to help each other. Schools are close by and there are many playgrounds for kids. There are great restaurants as well as Fairway, Trader Joe’s, Target, and Bed,Bath, and Beyond coming soon."
  • Julioramirez559
    "I drive to work I work in this neighborhood I live in Brooklyn not too far from here. I know this neighborhood for about 14 years now and I never have problems "
  • Blinda333
    "Treat all the children in our building with a Halloween parade and residents post their apartment numbers for the children to ring their doorbell. Our building also gives the children some treats."
  • Rkleinnyc
    "People walking all sizes dogs in this neighborhood especially since we are close to Madison Square Park. "
  • World1importexport
    "changing fast and very loud. soon it will be like time square and no more sun rays with the new high rises blocking the sun"
  • Rkleinnyc
    "Close the to friendly and safe parks such as Madison Square Park, Stuyvesant Cove onThe East River. Dog friendly restaurants are in the neighborhood such as Dog &Bone. "
  • Javier.villalta1
    "It’s a nice enough place to live and work there are plenty of places to eat banks are close by and supermarkets to bus lines on first and second ave we have 3 hospitals close by "
  • Rcbm13
    "Lots of trees, side walks, safe and within a 15 min walk to union square, subway, flatiron, union square farmers market. Pet friendly with great dog parks and riverside walkway. "
  • Craig K.
    "Super dog friendly. Several restaurants (namely Banc) with outside spaces that are dog friendly, walking distance to Madison Square and Stuyvesant dog parks."
  • Stephaniemoyers
    "It’s residential and close to everything. Great area and lots of things to do. Close to water and awesome East River Running path"

Market trends in New York

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$794K
$26.67K
MoM
Sale-to-List Price
98.0%
0.1%
MoM
Price per sq ft
$679
$26
MoM
Available listings
16526
1221
MoM

Home Value

Trulia Estimate
$5.41M
Since last month
Increased$3M (+170.5%)
Since last year
Increased$3M (+144.8%)
Since last sale
Increased$5M (+2,149.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -10% in the last 10 years
MonthEstimated value
2026
September 2026$5.41M
August 2026$1.94M
July 2026$2M
June 2026$1.94M
May 2026$1.89M
April 2026$2.12M
March 2026$2.19M
February 2026$2.13M
January 2026$2.13M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.18
Multi-Family Home
$4,050,000
01/05/26
10
4
5,906
0.82
Multi-Family Home
$3,300,000
04/03/26
6
4
3,416

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
0.01
$4,376,500
5
5
3,984
Off Market
0.02
$4,265,900
4
4
4,080
Off Market
0.03
$480,600
Studio
1
-
Off Market
0.03
$499,000
Studio
1
-
For Sale
0.03
$1,169,000
2
2.5
1,400
For Sale
0.05
-
1
1
-
Off Market
0.03
$8,500,000
4
6
9,071
For Sale
0.05
-
4
5.5
5,688
Off Market
0.04
-
2
2
-
Off Market
0.04
$3,999,000
2
3
3,125
For Sale
0.05
$785,600
1
1
714
Off Market

Price and Tax history

DateEventPrice
May 13, 2026
Source: StreetEasy #S1826790
Listed For Sale
$5,500,000
Feb 23, 2020
Source: Agent Provided
ListingRemoved
$5,400,000
Oct 17, 2019
Source: Agent Provided
Listed For Sale
$5,400,000
Dec 8, 2017
Source: Agent Provided
ListingRemoved
$5,400,000
Nov 27, 2017
Source: Agent Provided
Pending
$5,400,000

LGBTQ Local Legal Protections

Cathy Connolly, Leslie J. Garfield, (646) 894-3736

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Frequently asked questions about 226 E 32nd St

  • What is the estimated monthly payment for 226 E 32nd St?
    Based on a $5,500,000 list price with 20% down at today's rates, the estimated monthly payment for 226 E 32nd St in Manhattan, NY is approximately $33,559 (about $29,359 principal & interest, $4,125 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 226 E 32nd St compare to homes in Manhattan?
    226 E 32nd St in Manhattan, NY is listed at $5,500,000, about 593% above the $794K median sale price in Manhattan.
  • What do residents say about the Kips Bay neighborhood?
    Residents describe the Kips Bay neighborhood in Manhattan, NY as walkable to grocery stores, pedestrian-friendly, and walkable to restaurants. See homes for sale in Kips Bay, Manhattan.
  • What are the closest schools to 226 E 32nd St?
    The closest schools to 226 E 32nd St in Manhattan, NY are Jhs 104 Simon Baruch (Middle, rated 8/10), Manhattan Academy For Arts And Languages (High, rated 4/10), Ps 116 Mary Lindley Murray (Pre-K/Elementary, rated 5/10).
226 E 32nd St, Manhattan, NY 10016 is a 5 bedroom, 6 bathroom multi-family built in 1910. 226 E 32nd St is located in Kips Bay, Manhattan. This property is currently available for sale and was listed by StreetEasy on May 13, 2026. The MLS # for this home is MLS# S1826790.