209 E 31ST Street

Kips Bay, New York, NY 10016

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 tovacatingthe premises if the purchaser prefers.