Updated 3 years ago
Off Market
217 East 30th Street
Kips Bay, Manhattan | Third Ave & Second Ave
23 Rooms7 Beds7 Baths4,020 Square FeetMulti-Family
$3,700,000
floors / apts4 / 4
ZoneR7B
Building TypeTownhouse
RE Taxes$66,000
Price Per SF
$920
Outdoor space and views
- Backyard
- Balcony
Building Amenities
- Voice Intercom
- Courtyard
- Laundry Room
Property Description for 217 East 30th Street
The Beyond Capital Team is pleased to offer the sale of 217 E 30th Street. The property is a unique 4-unit income producing townhouse with an additional carriage house in the rear, overlooking a beautiful courtyard that spans one full square block. The property currently consists of a total of five (5) free market rental units across approximately 4,020 SF and has been recently renovated and well-maintained. The property has seven (7) bedrooms & (7) bathrooms with a total of twenty-three (23) rooms. It is located on the north side of East 30th Street between 2nd and 3rd Avenues in the Murray Hill Historic District.
The main house is comprised of a ground floor duplex 2-bed/2-bath unit, along with one (1) studio unit and entrance to the rear carriage house. The second and third floor's both have one (1) bedroom respectively. The apartments feature spacious bedrooms, tall ceilings, lots of natural light, hardwood floors, in unit washers/dryers in select renovated units, exposed brick, and fireplaces. All tenants have leases in place. The building will be delivered 100 % occupied with existing rents and leases, offering investors a cash flowing turnkey asset with future upside on lease renewals. Existing rents currently yield a 4.75% cap rate.
Actual Annual Rent: $ 262,800
Expenses: $ 78,000
NOI $ 184,800
CAP RATE: 4.75 %
The subject property offers a multitude of uses potentially fitting the needs of many types of investors or users. 217 E 30th has the ability to be delivered with an existing rent roll with an upside for long term investment.The property is zoned R7B, with a residential and facility FAR of three (3). Nearby attractions and neighborhood staple include Bryant Park, Morgan Library and Museum, Murray Hill Market, Trader Joe's and many more bustling shops and spirited bars. The property is just a short walk from the six (6) train at 28th street and Grand Central Terminal which serves the 4, 5, 6, 7 & S shuttle train and Metro-North LIRR Railroad providing access to Long Island and Connecticut. This property will always retain its relevance in such an established transit hub in New York City.
Please email for an offering memorandum.
The main house is comprised of a ground floor duplex 2-bed/2-bath unit, along with one (1) studio unit and entrance to the rear carriage house. The second and third floor's both have one (1) bedroom respectively. The apartments feature spacious bedrooms, tall ceilings, lots of natural light, hardwood floors, in unit washers/dryers in select renovated units, exposed brick, and fireplaces. All tenants have leases in place. The building will be delivered 100 % occupied with existing rents and leases, offering investors a cash flowing turnkey asset with future upside on lease renewals. Existing rents currently yield a 4.75% cap rate.
Actual Annual Rent: $ 262,800
Expenses: $ 78,000
NOI $ 184,800
CAP RATE: 4.75 %
The subject property offers a multitude of uses potentially fitting the needs of many types of investors or users. 217 E 30th has the ability to be delivered with an existing rent roll with an upside for long term investment.The property is zoned R7B, with a residential and facility FAR of three (3). Nearby attractions and neighborhood staple include Bryant Park, Morgan Library and Museum, Murray Hill Market, Trader Joe's and many more bustling shops and spirited bars. The property is just a short walk from the six (6) train at 28th street and Grand Central Terminal which serves the 4, 5, 6, 7 & S shuttle train and Metro-North LIRR Railroad providing access to Long Island and Connecticut. This property will always retain its relevance in such an established transit hub in New York City.
Please email for an offering memorandum.
Building Details for 217 East 30th Street
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1860
Floors/Apts4/4
Transit and Citi Bike
Subway
33 St
0.25 miles
28 St
0.26 miles
23 St
0.44 miles
Citi Bike
E 31 St & 3 Ave
0.06 miles
2 Ave & E 29 St
0.12 miles
Ferry
East 34th Street
0.45 miles
Kips Bay | Manhattan
Quick Profile
If you take a walk through Kips Bay, which is loosely defined as the area between 23rd street and 34th street and the East River to almost Lexington, you’ll quickly learn it's a hodgepodge of sorts and not as well defined as other neighborhoods in New York City. Some New Yorkers say Kips Bay has an identity crisis because 1st, 2nd, and 3rd avenues are distinctly different from one another as you traverse them. Despite the perceived lack of neighborhood vibe there are others that appreciate its affordability and convenience.
First Avenue is dominated by hospitals and hospital buildings such as NYU Medical Center and Bellevue Hospital to name a few. Second Avenue is a mosaic of convenience stores, fast food joints and nondescript brick buildings. Third Avenue is saturated with small bars and gastropubs and the twenty somethings that patronize them.
No judgement against Kips Bay here. It’s a great neighborhood that is just as much a part of New York City as any other neighborhood. Kips Bay It’s bordered by Murray Hill to the North, Stuyvesant Town and Gramercy Park to the South, and Rose Hill to the West. The neighborhood is partly defined by newer high-rise apartments, brick rowhouses, and former tenement buildings.
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.
OLR ID: 89803TH
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