The Agency (866) 371-6468
courtesy of OLR and Corcoran

209 E 31st St

Kips Bay, Manhattan, NY 10016

Third Avenue & Second Avenue
Sale Price $8,750,000
Property Type Mixed use
Bed 3
Bath 2
½ Bath 1
Monthly Total $42,229
Taxes $4,651
Interest 5.00%
Down Payment 20.00%

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Property Specifics

Property Type: Mixed use
Taxes: $4,651
Estimated Sq. Foot: 6,336
Price per Sq. Foot: $1,381
Building Units: N/A
Building Stories: N/A
Pet Policy: N/A
Source ID: 26030TH
Source Status: Active

Building Amenities

Walk-up Walk Up Voice Intercom Townhouse

Unit Amenities

Private Outdoor Space Beamed Ceilings High Ceiling Wrap Terrace

Property Description

Investor Townhouse Perfect for 1031 Exchange

Large Kip's Bay townhouse, two unit mixed use with commercial offices on lower two floors and residential duplex on top two floors located nearby NYU Langone Medical Center.

Gross rent $450,000 NNN 5.03% CAP with Corporate Guarantee for office lease. Turnkey, 1031 exchange opportunity!

Unit #1 is a two levels + basement occupied by a financial services company. Rent is $300,000 per annum with a corporate guarantee (from a publicly traded NYSE company) - 5 years + 5 year option at $330,000 per annum.

#1 set up: Basement used for storage and building mechanicals. Garden Level includes entrance lobby, office, kitchen, conference room, 2 half bathrooms + back yard. Parlor Level includes 'Havana Room' -with coffered ceilings, onyx bar, drop-down theatre screen & projection system, office, bullpen and 1/2 bath.

#2 set up: Top two floor duplex with the seller paying $150,000 per year + real estate taxes for 5 years. Large LR + DR + kitchen + office, bath and terrace on 3rd floor.

3 bedrooms and two baths on top floor.

Seller is willing to vacate should the buyer prefer.

Building Information

Property Type: N/A
Building Type: N/A
Pet Policy: N/A
Units: N/A
Stories: N/A
Built In: N/A
Sale Listings: N/A
Rental Listings: N/A
Land Lease: N/A

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Kips Bay, Manhattan, NY 10016

Broker Reciprocity disclosure: Listing information are from various brokers who participate in IDX (Internet Data Exchange).

Last checked: Sep 30, 2022, 11:05 PM UTC