216 East 32nd Street, Kips Bay

Income producing multi-family townhouse for sale in Kips Bay. This fully free market property has four studio apartments, and one large three bedroom triplex with recreation room and private garden access. 216 East 32nd is set mid-block on a quiet Kips Bay residential street, with proximity to NYU Langone Medical Center, Bellevue Hospital, and major corporate offices, with convenient access to the 6 train at 28th Street and multiple bus lines (M15, M34, M101). All apartments are currently tenant occupied. Kips Bay is a historically stable neighborhood with consistent demand, making this property ideal for long term holders, or value add investors.