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

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.