226 E 32ND Street, New York City, NY 10016

• 5 beds |
• 6 baths |
• 4,590 sqft

Property Description

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.

Listing Status:

Active

Date Added:

May 13, 2026

Data Last Updated:

October 7, 2026 at 7:18AM

Listing Office:

Leslie J Garfield & Co Inc : (212) 371-8200

Listing Agent:

Cathy Connolly : (646) 894-3736

MLS ID:

RLS20092524

Interior

• General: Smoke Free
• Appliances: Washer Dryer Allowed
• Laundry: Building OtherWasher HookupIn Unit
• Basement: Other
• A/C: Other

Exterior

• General: Building Roof DeckGardenPrivate Outdoor Space Over 60 Sqft
• Pool: Building None

Construction

• General: 1

Location

• Originating MLS: RLS_REBNY
• County: New York

Lot

• Zoning: 0912-0051
• View: Other

Financial

• Source: RLS_REBNY