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208 E 31st St, New York, NY 210 E 31st St, New York, NY
208-210 East 31st Street
Asset ClassMultifamily
overview of deal

Overview

Avison Young, as exclusive agent, is pleased to present 208-210 East 31st Street (the “Property”), two contiguous 4-story multifamily buildings located on the south side of East 31st Street between Second and Third Avenues in the heart of Kips Bay. The tax-class 2B buildings feature 18 total units (17 apartments and 1 commercial unit). The Property offers investors compelling in-place cashflow with the ability to increase rents at the property through value-add renovations.

Investment Highlights

  • Value-Add Opportunity - Ability to increase rents through additional building and unit renovations.
  • Significant In-Place Cash Flow - The property features significant in-place cash flow.
  • Tax-Class 2B Protected - Both properties benefit from protected Tax Class 2B status, which caps tax increases at 8% per year or by 30% over any 5-year period.
  • Diversified Unit Mix - The buildings feature 9 2-Bedrooms, 5 1-Bedrooms, 3 Studio Apartments, and 1 Commercial Unit.
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208 E 31st StNew York, NY 10016

Sales Team

Brandon PolakoffPrincipal and Head of NYC Investment Sales212.230.5998brandon.polakoff@avisonyoung.com
Peter GottsackerSenior Analyst202.602.1012peter.gottsacker@avisonyoung.com
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