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New York, NY, 10016 • Kips Bay • New York County
$1028/sqft
3Beds
6Baths
6,336Sqft
0.04 acLot
1901Built
Character Home
Built 1901 · 125 years of history
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5194 days on market
Established listing
$1,028/sqft
Price per square foot
Townhouse · Built 1901 · Historic
1031 exchange opportunity. Large Kip's Bay townhouse, two unit mixed use with commercial offices on lower two floors and residential duplex on top two. Gross rent $450,000 NNN 5.03% CAP with Corporate Guarantee for office lease. Turnkey, 100% leased. Unit #1 is a two level + basement occupied by a financial services company. Rent is $300,000 per annum with a corporate guarantee (from a publicly traded NYSE company) - 5 years + 5-year option at $330,000 per annum. #1 set up: Basement used for storage and building mechanicals. Garden Level includes entrance lobby, office, kitchen, conference room, 2 half bathrooms + back yard. Parlor Level includes 'Havana Room' -with coffered ceilings, onyx bar, drop-down theatre screen & projection system, office, bullpen and 1/2 bath. #2 set up: Top two floor duplex with the seller paying $150,000 per year + real estate taxes for 5 years. Large LR + DR + kitchen + office, bath and terrace on 3rd floor. 3 bedrooms and two baths on top floor. Seller is willing to vacate should the buyer prefer.
Based on current rates
Est. 6.88% rate · 30yr fixed · $5,208,800 loan
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3 schools rated nearby
New York, NY, 10016
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11 years of records
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New York, NY • New York County
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