Listing Courtesy of Christies International Real Estate Group LLC
$8,499,000
Potential Rebate: $127,485
<p>An incredible opportunity!</p> <p>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.</p> <p>The property generates a gross rent of 450,000, secured by a corporate guarantee for the office lease. It is turnkey and fully leased.</p> <p>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.</p> <p>Layout:</p> <ul> <li>The basement is utilized for storage and building mechanicals.</li> <li>The Garden Level features an entrance lobby, office, kitchen, conference room, two half bathrooms, and a backyard.</li> <li>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.</li> </ul> <p>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.</p> <p>The seller is open to vacating the premises if the purchaser prefers.</p> <p> </p>
$46,995 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$127,485
Monthly savings impact
$354/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. 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.
The Real Estate Rebate Team
Listing Courtesy of Christies International Real Estate Group LLC
Data Source: TRESTLE #RLS20053209

Compare average listing prices and value metrics for 209 East 31ST Street against the surrounding Kips Bay market.
than the Kips Bay price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Kips Bay is a practical, residential neighborhood dominated by medical institutions (NYU Langone).
\nPost-war high-rises and condos. Often offers better value/space than Murray Hill or Gramercy.
\nDoctors, nurses, and recent grads. It is functional and convenient. Fairway Market is a hub.
\n6 train at 28th/33rd. 2nd Ave subway is not here yet. Ferry at 34th St.
\nEast River Esplanade. AMC Kips Bay theater.
\nBest for medical professionals and renters looking for value.

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