209 East 31st Street

$8,900,000
Price
3
Beds
2
Baths
4
1/2 Baths
6,336 Sq. Ft.
$1,405 / Sq. Ft.
6,336
Sq. Ft.
$1,405
per Sq. Ft.

Description

An incredible opportunity! This large Kip's Bay townhouse features a two-unit mixed-use layout, with commercial offices occupying the lower two floors and a residential duplex above. The property generates a gross rent of 450,000, secured by a corporate guarantee for the office lease. It is turnkey and fully leased. Unit #1 spans two levels plus a basement and is occupied by a financial services company. The annual rent is 300,000, backed by a corporate guarantee from a publicly traded NYSE company....An incredible opportunity! This large Kip's Bay townhouse features a two-unit mixed-use layout, with commercial offices occupying the lower two floors and a residential duplex above. The property generates a gross rent of 450,000, secured by a corporate guarantee for the office lease. It is turnkey and fully leased. Unit #1 spans two levels plus a basement and is occupied by a financial services company. The annual rent is 300,000, backed by a corporate guarantee from a publicly traded NYSE company. The lease is for 5 years, with a 5-year option to renew at 330,000 per year. Layout: The basement is utilized for storage and building mechanicals. The Garden Level features an entrance lobby, office, kitchen, conference room, two half bathrooms, and a backyard. The Parlor Level includes the 'Havana Room' with coffered ceilings, an onyx bar, a drop-down theater screen, and a projection system, along with an office, bullpen, and half bath. The top two floors comprise a duplex where the seller paying 150,000 annually plus real estate taxes for 5 years.  This level includes a spacious living room, dining room, kitchen, office, bathroom, and terrace on the third floor, with three bedrooms and two bathrooms on the upper level. The seller is open to vacating the premises if the purchaser prefers. 

Property Details for 209 East 31st Street

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LISTING UPDATED: 10/31/2024 03:31 PM

Property Details for 209 East 31st Street

StatusActive
MLS IDRPLU-810123228876
Days on Market69
Taxes$4,998 / month
Maintenance-
Min. Down Pymt-
Total Rooms13.5
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1901
Lot Size931 SF / 19' x 49'
CountyNew York County

Building

209 E 31st St

1 Units3 StoriesBuilt in 1901

Building Information for 209 East 31st Street

Stories3Residences1Year Built1901Lot Size931 SF / 19' x 49'Building AgePre-warBuilding TypeTownhouse

Property Information for 209 East 31st Street

Summary
Location and General Information
  • Subdivision Name: Kips Bay
  • Stories Total: 4
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0007
  • Tax Block: 00912
  • Flip Tax: $0
  • Building Tax Lot: 0007
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 6336.0
  • Building Area Total: 6336.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 19.00x49.00
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: InUnit
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: None
  • New Construction: No
  • Structure Type: MixedUse
  • Property Condition: Excellent
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Patio And Porch Features: Terrace
Interior Features
  • Cooling: CentralAir
  • Entry Level: 1
  • Appliances: WasherDryerAllowed
  • Fireplace: No
  • Floor Number: 1
  • Basement: No
  • Cooling: Yes
  • Laundry Features: WasherHookup, InUnit
  • ElevatorsTotal: 0
  • Size Dimensions: 49.00x18.75
Multi Family
Multi-Family Information
  • Number Of Units Total: 1
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Delivered Vacant: No
  • Attendance Type: None
  • Land Lease: No

Property History for 209 East 31st Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 209 East 31st Street

Taxable ValueLand$284,880Additions$105,780Total$390,660
Home Facts
Total Finished SqFt6,336 SqFtLot Size1,852 SqFtYear Built1901ZoningR7BAPN1009120007

Schools near 209 East 31st Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 116 Mary Lindley Murray
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 104 Simon Baruch
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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209 East 31st Street is a mixed use property for sale in Kips Bay. This property was listed for sale on October 14, 2024 by Christies International Real Estate Group LLC, it's currently listed at $8,900,000. It has been on the market for a total of 69 days and was last sold on December 13, 2011. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 116 Mary Lindley Murray, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 209 East 31st Street is a 3-bed, 4-bath, 6,336 sqft mixed use property built in 1901.

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Listing Courtesy of Christies International Real Estate Group LLC

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