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209 East 31st Street
Townhouse located in Murray Hill, between Third Avenue & Second Avenue
$8,900,000
($1,405 per ft2)
| 3 beds, 2.5 baths | Approx. 6,336 ft2
58 days on Market
Townhouse Facts
-
Year Built: 1901Minimum Down: 20%Total Floors: 3Listed: Oct 14, 2024Days on Market: 58Building Type: TownhouseNeighborhood: Murray Hill (Manhattan)
Monthly Real Estate Taxes:
$4,998
Total Taxes & Fees:
$4,998
($0.79/ft2)
Est. Monthly Mortgage:
$46,275
Mortgage calculator
Total Est. Monthly Carrying Cost:
$51,273
($8.09/ft2)
Note: the above is based on a down payment of 20% ($1,780,000),
which is the minimum amount permitted by the building.
Insider Highlights
- Prime Location and Layout: This large, fully leased townhouse is located in the desirable Murray Hill neighborhood and features a two-unit mixed-use layout with commercial offices on the lower two floors and a residential duplex above.
- Secure and Steady Income: The property generates a gross rent of $450,000, secured by a corporate guarantee for the office lease, providing a steady income stream for the owner.
- Lease Details: The office space is occupied by a financial services company, backed by a corporate guarantee from a publicly traded NYSE company, with a lease for 5 years and a 5-year option to renew.
- Residential Duplex Features: The residential duplex 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.
- Building Amenities and Charm: The building amenities include a terrace and pre-war architectural features. Built in 1901, the townhouse has maintained its historical charm.
- Unique Office Space: The office space includes a 'Havana Room' with coffered ceilings, an onyx bar, a drop-down theater screen, and a projection system.
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.
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.
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Building Amenities
- Pre War
Listing courtesy of
Christies International Real Estate Group LLC
Pricing History
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