250 E 32nd St, New York, NY 10016

LIVE + RENT OPPORTUNITY — $3.99M 250 East 32nd Street — Kips Bay, Manhattan A rare chance to own a meticulously maintained mixed-use, four-story building in the heart of Kips Bay — ideal for an owner-occupant who wants to live in luxury while collecting income. Renovated to modern standards about 10 years ago, this flexible property offers both immediate cash flow and the potential to create a stunning, private owner’s suite in one of Manhattan’s most convenient neighborhoods. PROPERTY OVERVIEW Current Configuration: • Ground Floor & Lower Level: Fully plumbed dental/medical office space • Second Floor: Studio apartment • Top Two Floors: Spacious duplex penthouse apartment with private roof deck Current Occupancy: • Penthouse Apartment (Income-Producing): – Rent: $6,995/month – Features: In-unit washer/dryer, hardwood floors, and a 620 sq. ft. private roof deck • Ground Floor, Second Floor, & Lower Level: Vacant — ready for conversion into an expansive private owner’s suite, professional space, or combination of both. WHY THIS IS SPECIAL • Live + Earn: Move into the vacant floors and design your dream home while the penthouse tenant offsets your carrying costs. • Flexible Space: Over 3,000 sq. ft. of potential for a custom owner’s residence, professional office, or hybrid live-work space. • Updated Infrastructure: Modern plumbing, electrical, and mechanical systems mean fewer surprises and lower upkeep. • Prime Location: Steps from NYU Langone, Trader Joe’s, AMC Kips Bay, and countless restaurants — with excellent transit options nearby. INVESTMENT POTENTIAL • Current income: $83,940/year from the penthouse lease. • Ability to re-lease or reconfigure remaining floors to generate significant additional rent or create unmatched personal living space. • Perfect for professionals wanting a home office setup with private street-level access. SUMMARY: 250 East 32nd Street offers more than just square footage — it offers flexibility, income, and the ability to design your own Manhattan lifestyle. Live in a spacious, custom-built suite while collecting steady rent from the penthouse tenant.