209 East 31st Street

Townhouse in Murray Hill, Listed on Oct 14, 2024 (163 days on market)

$8,900,000 $1,405 / ft²

3 beds, 2.5 baths | ~6,336 ft²

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Similar Townhouses

209 East 31st Street

Townhouse in Murray Hill, Listed on Oct 14, 2024 (163 days on market)

$8,900,000
$1,405 / ft²

3 beds, 2.5 baths
~6,336 ft²

209 East 31st Street

$8,900,000 ($1,405 / ft²) | 3 beds, 2.5 baths | ~6,336 ft²

Townhouse in Murray Hill, Listed on Oct 14, 2024 (163 days on market)

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.

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.

Key Features

Duplex / Triplex
High Ceilings
Outdoor Space
Pre-war
Townhouse

Monthly Real Estate Taxes &
Estimated Mortgage

Monthly Real Estate Taxes

$4,998

$0.79 /ft² /mo

Estimated Mortgage

$45,661

Note: the above is only an estimate and is based on a down payment of 20% ($1,780,000) and a 30 year fixed mortgage at 6.64%.

Total Estimated
Monthly Cost

$50,659

$8.00 /ft² /mo

Nearby Subways

at Park Ave 0.24 miles

Nearby Schools

Ps 116 Mary Lindley Murray
Grades: PK,KG,1,2,3,4,5,UG
Murray Hill Academy
Grades: 9,10,11,12
Manhattan Academy For Arts And Languages
Grades: 9,10,11,12
Unity Center For Urban Technologies
Grades: 9,10,11,12
River School (The)
Grades: PK,KG,1,2,3,4,5

Data courtesy of GreatSchools.org

The Churchill School and Center
Grades: KG,1,2,3,4,5,6,7,8,9,10,11,12
Aaron Academy
Grades: 7,8,9,10
Shefa School
Grades: 1,2,3,4,5,6,7,8
Rebecca School
Grades: UG
Rebecca School
Grades: UG

Data courtesy of GreatSchools.org

Townhouse History

Certain content is available only to members. There's no obligation.

Oct 14, 2024

Listed for $8,900,000 ($1,405 per ft²) by Geoffrey Gottlieb

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Pricing Comparison

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Listing courtesy of Christies International Real Estate Group LLC

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

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RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

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An equal housing opportunity

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209 East 31st Street

209 East 31st Street

Highlights

Key Features

Monthly Real Estate Taxes & Estimated Mortgage

Aerial Tour

Nearby Subways

Nearby Schools

Townhouse History

Similar Townhouses

Pricing Comparison

Save this townhouse!

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