--- title: "240 East 32nd Street #1A, New York City, NY 10016" description: "240 East 32nd Street #1A, New York City, NY 10016 — Kips Bay, New York City, NY. Listing Price $499,000. Studio bed, 1 bath Illustrative Buyer Commission Share of $7,485 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/240-east-32nd-street-a-1A-ny-10016" source: "Real Estate Rebate Team" status: "Active" --- # 240 East 32nd Street #1A, New York City, NY 10016 Kips Bay, New York City, NY Courtesy of Compass ## At a Glance - **Listing Price**: $499,000 - **Beds**: Studio - **Baths**: 1 - **Common Charges**: $1,785 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $499,000 - **Illustrative Buyer Commission Share**: -$7,485* - **Illustrative Net Cost**: $491,515 *Illustrative Buyer Savings of $7,485 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![240 East 32nd Street #1A, New York City, NY 10016 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/4ad1b3f5-1eca-4420-a13a-f627ca36dd51.jpg) ![240 East 32nd Street #1A, New York City, NY 10016 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/50ba67c3-effb-46ec-98d1-3a5ec105a01a.jpg) ![240 East 32nd Street #1A, New York City, NY 10016 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/973171a5-609b-47ba-aca7-647057941986.jpg) ![240 East 32nd Street #1A, New York City, NY 10016 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/99a3f96c-1d13-41c9-ae08-63bb381a3b1c.jpg) ![240 East 32nd Street #1A, New York City, NY 10016 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/adaa8072-b59b-45e2-8eff-7e1a5ee66b86.jpg) ![240 East 32nd Street #1A, New York City, NY 10016 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bd3cd4db-891d-4ea8-9877-558da4b75832.jpg) ![240 East 32nd Street #1A, New York City, NY 10016 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6f9cbbc5-f6f9-41e0-9522-053cfc255926.jpg) ![240 East 32nd Street #1A, New York City, NY 10016 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/cb8dd172-436c-4e79-81b2-5a85c7b7c5a8.jpg) ![240 East 32nd Street #1A, New York City, NY 10016 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bdd2cea2-2248-4ab4-84cf-6bd9bf24d27b.jpg) ![240 East 32nd Street #1A, New York City, NY 10016 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/bbc168b4-f1f9-4212-8662-755565935274.jpg) ## Property Overview Tucked away on a charming, tree-lined street in the heart of Kips Bay, Residence 1A at 240 East 32nd Street offers a rare opportunity to own a fully renovated studio with a fenced in garden which is perfect for privacy & pets. This south-facing home is filled with natural light and features soaring 10-foot ceilings, beautiful Du-Château wood floors, and generous closet space throughout. The sleek, contemporary open kitchen is outfitted with a gas stovetop and a versatile dining or work counter. Step outside to your tranquil private garden oasis, where lush greenery frames views of the Empire State Building, an exceptional backdrop for outdoor dining or morning coffee. Situated within a well-kept boutique pre-war elevator building, the residence enjoys a central location just moments from NYU Medical Center, Trader Joe’s, Fairway, AMC, Grand Central Terminal, and multiple transportation options. ## Property Details - **Property Type**: Co-op - **Baths**: 1 - **Rooms**: 2 - **Stories**: 4 - **Year Built**: 1930 - **Common Charges**: $1,785 / Monthly - **Listed On**: Apr 7, 2026 - **Days on Market**: 159 Days ### Residence Features - Common On Floor - Common Area - Building Garden - Private Outdoor Space Over 60 Sqft - Eat-in Kitchen - High Ceilings - Hardwood - City ## Sales Evidence ### Recent closed sales 2 apartments at 240 East 32nd Street have recorded sales since September 2021, the most recent for $454,500 in October 2022. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sold Price | Sold | Source | | --- | --- | --- | --- | --- | | 1C (Apartment) | — | $454,500 | October 3, 2022 | City record | | 4-B (Duplex) | 1 | $699,000 | June 10, 2022 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares The median closed price for comparable co-op studio sales in Kips Bay is $432,500, based on 48 sales between October 2024 and July 2026. This home is asking $499,000, $66,500 above that median. The middle half of those sales closed between $364,750 and $485,000. - **Median closed price**: $432,500 - **Middle half**: $364,750 – $485,000 - **Based on**: 48 co-op studio sales in Kips Bay - **Period**: October 2024 – July 2026 Square footage is recorded for only 18 of these 48 sales (38%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. Across the 45 of these sales with a published asking price, the median closed at 94.7% of what it originally asked. 82% of them closed below the original ask. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Kips Bay instead. ### How these sales were negotiated - **Sold vs original ask**: 94.7% of the original ask - **Closed below ask**: 82% of 45 sales - **Listed → in contract**: 136 days (about 19 weeks) - **In contract → closed**: 83 days (about 12 weeks) Across the 45 of these sales with a published asking price, the median closed at 94.7% of what it originally asked. 82% of them closed below the original ask. Half of these homes were in contract within 136 days (about 19 weeks) of coming to market, based on the 45 with a recorded listing date. Once a deal was agreed, closing took a further 83 days (about 12 weeks), based on the 42 with both dates recorded. A co-op board package and its interview account for much of that. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 48 co-op studio sales in Kips Bay, October 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. ### Price trend Median sold price for co-op studio sales in Kips Bay, 2017 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth. | Year | Median sold price | Sales | | --- | --- | --- | | 2017 | $542,500 | 22 | | 2018 | $499,900 | 25 | | 2019 | $430,000 | 23 | | 2020 | $500,000 | 15 | | 2021 | $460,000 | 34 | | 2022 | $462,500 | 30 | | 2023 | $407,500 | 19 | | 2024 | $495,000 | 19 | | 2025 | $412,500 | 28 | | 2026 | $480,000 | 15 | This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across Kips Bay instead. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 240 East 32nd Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/240-east-32nd-street) ## Price and Property History for 240 East 32nd Street, Unit 1A Review the recorded listing activity for 240 East 32nd Street, Unit 1A, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $26,000, or 5%, on April 21, 2026 - **Originally listed**: February 18, 2026 at $499,000 - **Current asking price**: $499,000 | Date | Price | Listing event | | --- | --- | --- | | April 21, 2026 | $499,000 | Asking price reduced by $26,000, or 5% | | February 18, 2026 | $499,000 | Listed for sale by Compass | ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 20 apartments. The corporation’s 2026 property tax bill was $185,572 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for 240 East 32nd Street](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/240-east-32nd-street) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 240 East 32nd Street Kips Bay · Stock Cooperative 240 East 32nd Street, New York, NY 10010 A building in Kips Bay, currently featuring 1 active listing. - **Year Built**: 1930 - **Total Units**: 1 - **Floors**: 4 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/240-east-32nd-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [1A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10016/240-east-32nd-street-a-1A-ny-10016) | Studio | 1 | — | — | $499,000 (-5.0%) | Compass | Apr 7, 2026 | 158 days | ## Estimated Monthly Payment **$4,308 / month**, assuming a 20% down payment ($99,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $2,523 - **Common Charges**: $1,785 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Kips Bay Medical Mile & Value [Explore Kips Bay](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Kips Bay - [Murray Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/murray-hill) - [Gramercy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/gramercy) - [Flatiron District real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/flatiron-district) - [Stuyvesant Town real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/stuyvesant-town) - [Midtown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/midtown) - [East Village real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-village) ## Related Links - [240 East 32nd Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/240-east-32nd-street) - [Kips Bay neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/kips-bay) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.