240 E 32ND Street #1A
About This Property
SUNSHINE AND BLUE SKIES -- YOUR PERFECT SUMMER AWAITS
Come see this fabulous south-facing, bright studio in the heart of Kips Bay, complete with your own private garden with views of the Empire State Building. This studio is everything you have been looking for and more! The apartment features Du-Chateau wood floors, 10-foot ceilings, a built-in Murphy Bed, ample closet space, and through-wall air conditioning. The fully renovated, open kitchen has a modern aesthetic, cabinets thoughtfully designed to maximize storage, a flexible dining/work counter, and a gas stovetop. The bathroom is stylish and has been renovated. The rear door to the garden leads you to your private oasis, perfect for your pets, where you can enjoy morning coffee, reading, relaxing, and entertaining.
240 East 32nd Street is a well-kept, boutique, pre-war elevator building on one of the nicest tree-lined blocks in Kips Bay. Enjoy the convenience of having NYU Medical Center, Trader Joe's, Fairway, AMC, Grand Central, and major transportation at your doorstep. The Kips Bay area is a very popular neighborhood that is convenient to an abundance of trendy restaurants and bars. The building has laundry in the basement and allows subletting.
No transfer fee.
Listed By

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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 16, 2025 | Price Decreased |
$499,500
↓ $90K
(15.2%) | |
Price Decreased | |||
Mar 25, 2025 | Price Decreased |
$589,000
↓ $31K
(5%) | |
Price Decreased | |||
Mar 19, 2025 | Listed by Coldwell Banker Warburg | $620,000 | |
Listed by Coldwell Banker Warburg |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/24/2022
|
1 Bed
|
1 Bath
|
-
|
$699,000
1 Bed
1 Bath
|
$699,000
06/10/2022
|
Samantha Reiss
Douglas Elliman Real Estate
| ||
02/05/2021
|
Studio
|
1 Bath
|
-
|
$389,000
Studio
1 Bath
|
$390,000
+0.26%
07/13/2021
|
Samantha Reiss
Compass
| ||
05/22/2014
|
Studio
|
1 Bath
|
-
|
$415,000
Studio
1 Bath
|
$375,000
-9.64%
09/05/2014
|
Stephanie Weisberg
Douglas Elliman Real Estate
| ||
10/29/2013
|
Studio
|
1 Bath
|
-
|
$295,000
Studio
1 Bath
|
$275,000
-6.78%
05/30/2014
|
Maryanne Cotter
Douglas Elliman Real Estate
|
Building Info
- 20 Units
- 1 Unit for Sale
