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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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.

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  1. Home
  2. Buy
  3. New York City
  4. Manhattan
  5. 10016
  6. 248 East 33RD Street
Property thumbnail
1 / 18
•Kips Bay

248 East 33RD Street, New York City, NY 10016

Listing Courtesy of Leslie J Garfield & Co Inc

$2,995,000

Potential Rebate: $44,925

5 Beds
6 Baths
10 Rooms
3,686 sqft
Built 1910
5 Stories
813/ft²
Listed on Jun 13, 2025
197 days on market
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Overview

This 17-foot-wide multi-family townhouse on a tree-lined block the borders Kips Bay & Murray Hill features an owners triplex with two private outdoor spaces and two fully renovated one-bedroom units, each with outdoor access. The triplex includes 3 bedrooms, 3.5 baths, a windowed kitchen and dining area opening to a large terra cotta-tiled deck, a living room with exposed brick and fireplace, two upper-level bedrooms with en suite baths and laundry, and a top-floor primary suite with fireplace, marble bath, private terrace, and access to a full roof deck with sweeping city views, including the Empire State Building. One rental unit offers a south-facing terrace; while the other includes a 500 sq ft private garden. Ideal for live-with-income, investment, or conversion to single-family. Mixed-use zoning allows for ground floor commercial use. Located outside the historic district with approx. 9,272 total buildable square feet (~5,500+ remaining), C1-8A zoning allows for future expansion or redevelopment subject to City approval. Close to Grand Central, major medical institutions such as NYU Hospital, FDR Drive, and top Midtown dining and retail, this property offers exceptional value, flexibility, and upside. 248 East 33rd Street will be delivered vacant. ALL-CASH OFFERS ENCOURAGED.

Home Features

  • •In Unit
  • •Smoke Free

Estimated Monthly Payment

$19,245 per month

30 year fixed, 6.28% Interest

Principal and Interest
$14,799
Property Taxes
$4,446
Maintenance/Common Charges
$0

Estimated Rebate for this Home

One-time rebate at closing

$44,925

Monthly savings impact

$125/mo

💡 Estimated at 1.5% of purchase price

The rebate is paid to you at closing and can help offset closing costs or other expenses.

Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).

Why Buy With Us

Rebates Up To

2.5%

25+ Years

Experience

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Listings

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. ©2025 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 for no listing shall the number of bedrooms listed be considered a legal conclusion.

The Real Estate Rebate Team

Listing Courtesy of Leslie J Garfield & Co Inc

Data Source: TRESTLE #RLS20030989

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Price Analysis

Compare average listing prices and value metrics for 248 East 33RD Street against the surrounding Kips Bay market.

Based on 1 active units in building vs 104 in area

Average List Price

Building$3.0M
Neighborhood$1.4M

Price Per SqFt

Building Avg$813/ft²
Neighborhood Avg$15,447/ft²
Value Opportunity

94.74% Lower

than the Kips Bay price-per-sq-ft average

Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

Kips Bay

Medical Mile & Value

\n

Kips Bay is a practical, residential neighborhood dominated by medical institutions (NYU Langone).

\n

Real Estate & Housing Market

\n

Post-war high-rises and condos. Often offers better value/space than Murray Hill or Gramercy.

\n

Lifestyle & Community

\n

Doctors, nurses, and recent grads. It is functional and convenient. Fairway Market is a hub.

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Transportation & Accessibility

\n

6 train at 28th/33rd. 2nd Ave subway is not here yet. Ferry at 34th St.

\n

Parks, Schools & Amenities

\n

East River Esplanade. AMC Kips Bay theater.

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Who This Neighborhood Is Best For

\n

Best for medical professionals and renters looking for value.

Kips Bay GuideAll Neighborhoods
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