209 E 31st St, New York, New York, 10016

209 E 31st St
New York NY 10016

EXCLUSIVE
Cross street:Third Avenue

Building

Type:Townhouse
Era:Pre-war
Floors:4

Property

Ownership: Mixed Use
Rooms: 13
Bedrooms: 3 BR
Bathrooms: 6
Area: 6336 sq ft
Lot Size: 1852 sq ft

Financials

Price: $8,950,000
Annual Taxes: $52,655
Adrian Lupu
SVP - New Development Marketing & Sales / Licensed Associate Real Estate Broker
505 Park Ave, New York, NY 10022

Description

Sale leaseback, turnkey, 1031 exchange opportunity. Fully Occupied (will be delivered vacant if buyer prefers).

Large Kip's Bay townhouse, mixed use - two unit, ~6336 square feet, 18.75 x 98.75 lot, built in 1901, zoned R7B, commercial and residential located nearby NYU Langone Medical Center.

Gross rent $450,000 , NNN = 5.013 Cap Rate.

Unit #1 is a three-level triplex occupied by a financial services tenant paying $300,000 per annum with a corporate guarantee for 5 years + 5 year option.

Unit #1 set up:

Basement used for storage and building mechanicals.

Garden Level includes entrance room, office, kitchen, conference room, 2 half bathrooms + back yard.

Parlor Level includes 'Havana Room' -with coffered ceilings, onyx bar, drop-down theater screen & projection system, office, bullpen and 1/2 bath.

Unit #2 set up:

Top two floor duplex with the tenant/seller paying $150,000 per year + real estate taxes for 5 years. Seller is willing to vacate should the buyer prefer.

3rd Floor - includes living & dining room, kitchen, office, 1/2 bath + terrace.

Top floor includes 3 bedrooms, and two bathrooms.

Amenities

  • Abundant Closets
  • Back Yard
  • Balcony
  • Bar
  • Basement
  • Central Air Conditioning
  • Dining Area
  • Dishwasher
  • Eat-In Kitchen
  • Entry Foyer
  • Finished basement
  • Greenhouse
  • High Ceilings
  • Investment Property
  • Private Entrance
  • Terrace
  • Walk-in Closet
  • Washer Dryer
  • Voice Intercom
  • Walk-up

Exposures

  • North

Neighborhood

More listings:

Kip's Bay, Midtown Townhouse, Sale Leaseback. Investment Opportunity - 209 East 31st Street.

Description

Sale leaseback, turnkey, 1031 exchange opportunity. Fully Occupied (will be delivered vacant if buyer prefers).

Large Kip's Bay townhouse, mixed use - two unit, ~6336 square feet, 18.75 x 98.75 lot, built in 1901, zoned R7B, commercial and residential located nearby NYU Langone Medical Center.

Gross rent $450,000 , NNN = 5.013 Cap Rate.

Unit #1 is a three-level triplex occupied by a financial services tenant paying $300,000 per annum with a corporate guarantee for 5 years + 5 year option.

Unit #1 set up:

Basement used for storage and building mechanicals.

Garden Level includes entrance room, office, kitchen, conference room, 2 half bathrooms + back yard.

Parlor Level includes 'Havana Room' -with coffered ceilings, onyx bar, drop-down theater screen & projection system, office, bullpen and 1/2 bath.

Unit #2 set up:

Top two floor duplex with the tenant/seller paying $150,000 per year + real estate taxes for 5 years. Seller is willing to vacate should the buyer prefer.

3rd Floor - includes living & dining room, kitchen, office, 1/2 bath + terrace.

Top floor includes 3 bedrooms, and two bathrooms.

Amenities

  • Abundant Closets
  • Back Yard
  • Balcony
  • Bar
  • Basement
  • Central Air Conditioning
  • Dining Area
  • Dishwasher
  • Eat-In Kitchen
  • Entry Foyer
  • Finished basement
  • Greenhouse
  • High Ceilings
  • Investment Property
  • Private Entrance
  • Terrace
  • Walk-in Closet
  • Washer Dryer
  • Voice Intercom
  • Walk-up

Exposures

  • North

Neighborhood

More listings:

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. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.