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for saleRealtyLens property overview
$8,950,000
209 E 31st St
New York, NY, 10016
View more New York, NY property pages3Beds
6Baths
6,336Sqft
$1413$/sqft
Listing Notes
Sale leaseback, turnkey, 1031 exchange opportunity. Fully Occupied (will be delivered vacant if buyer prefers). Large Kip's Bay townhouse, mixed use - two unit, ~6336 square feet, 18.75 x 98.75 lot, built in 1901, zoned R7B, commercial and residential located nearby NYU Langone Medical Center. Gross rent $450, 000 , NNN = 5.013 Cap Rate. Unit #1 is a three-level triplex occupied by a financial services tenant paying $300, 000 per annum with a corporate guarantee for 5 years + 5 year option. Unit #1 set up: Basement used for storage and building mechanicals. Garden Level includes entrance room, office, kitchen, conference room, 2 half bathrooms + back yard. Parlor Level includes 'Havana Room' -with coffered ceilings, onyx bar, drop-down theater screen & projection system, office, bullpen and 1/2 bath. Unit #2 set up: Top two floor duplex with the tenant/seller paying $150, 000 per year + real estate taxes for 5 years. Seller is willing to vacate should the buyer prefer. 3rd Floor - includes living & dining room, kitchen, office, 1/2 bath + terrace. Top floor includes 3 bedrooms, and two bathrooms.
Market Insights
Below nearby median-35%
$1413/sqft vs a nearby median of $2169/sqft.
Nearby median$2169/sqft
Nearby properties12
Property size6,336 sqft
- -35% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 6,336 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$14M$13M – $15M · 50% confidence
vs ask $8.95M−$4.93M (−55.1%)
Asking price is about 55.1% below the fair value — likely to draw competing offers if it's still on market.
$2,169/sqft median across 9 tight comps × 6,336 sqft= $14M
- Days-on-market gravity−$412k −3.0%
- Transit access+$344k +2.5%
- Pre-war character+$344k +2.5%
- Visible condition issues−$137k −1.0%
Cumulative NYC adjustments+$137k+1.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Listing Details
- Days on market
- 1,567 days
- Last price change
- No change recorded
- Listed
- Jan 26, 2022
- Photos
- 16 photos
- Property type
- townhomes
- Status
- for sale
Features & Amenities
Outdoor SpaceDishwasherWasher DryerBasementTwo Or More StoriesCoffer CeilingRental PropertyMedicalcare
Photos
Building Facts
- Year built
- 1901
- Stories
- 4
- Total units
- 2
- Residential units
- 1
- Building area
- 6,336 sqft
- Lot size
- 1,852 sqft
- Land use
- Mixed residential and commercial buildings
- Building class
- S1
From NYC public records where available.
Price History
May 4, 2026Initial record
$8,950,000for sale
Public Records
DOB violations0 open
10 total recorded against the building
HPD violations0 open
0 total recorded
ACRIS documents43
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)21,008
Top: noise - residential
Top complaint types in ZIP 10016
- Noise - Residential3,095
- Encampment1,860
- Noise - Helicopter1,535
- Illegal Parking1,393
- Homeless Person Assistance1,092
Recent DOB
- Dec 31, 2009V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Jan 1, 2009V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- Jan 3, 2008V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
- Jan 19, 2007V*-DOB VIOLATION - DISMISSED · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.