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209 East 31st Street
Midtown East, NYC
$8,900,000 Price
3 Bedrooms   2.4 Baths
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209 East 31st Street, Midtown East, NYC

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...

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. 

Courtesy of Christies International Real Estate Group LLC

Floorplan for 209 East 31st Street

Floorplan for 209 East 31st Street

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Midtown East, NYC
Type: Townhouse
Price: $8,900,000
Re Tax: $59,976
Date Listed: 10/14/2024
Web ID: 1090075976

Info & Amenities

Type: Mixed Use
Rooms: 13.0
Bedrooms: 3
Full Bathrooms: 2
Half Bathrooms: 4.0
Washer and dryer: Yes
Built: 1901
Pets allowed: Yes

Map of Area for 209 East 31ST Street

Get to Know Midtown East

Midtown East is a vibrant neighborhood located in the heart of Manhattan, New York City. It stretches from East 42nd Street to East 59th Street and is bordered by the East River to the east and Fifth Avenue to the west. This area is known for its bustling commercial district, iconic landmarks, and convenient accessibility to various attractions and amenities.

More About Midtown East

Neighborhood Guide to Midtown East

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved.

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