About this property
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 levels + 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.
- 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.
- 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.
Listing Courtesy of Joe Pellicane