237 E 31st St, New York, NY 10016

Studio-- baths9,800 sqft

For Sale
$8,200,000
Zestimate®: $7,895,774
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My Notes

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Massey Knakal has been retained on an exclusive basis to arrange for the sale of 237 East 31st Street, a 20? wide, 6-story, 6 unit, approximately 9,390 SF walk-up mixed-use building located on the north side of East 31st Street between Second and Third Avenues. The property lies in the middle of a quiet tree-lined street steps away from the bustling and vibrant neighborhoods of Murray Hill and Kips Bay. Currently configured as a community facility duplex of the ground and parlor floors. The ground is a show room in the front and a bedroom in the rear while the parlor is a dining and living room. The third floor has a 4-bedroom apartment with a large garden terrace that has breathtaking empire state building views. The fourth floor has a 4-bedroom apartment with one bathroom. The fifth and sixth floors each hold a floor-through, 4-bedroom apartment with two bathrooms. All of the residential units underwent gut renovation in 2014, and benefit from a tremendous amount of natural light. All units are fair market and could be delivered vacant. The property is ideal for a single family conversion, live plus income, a government, any institutional user, continued operation as a multi-family investment, or a community facility such as a medical office/residence in the highly sought after Murray Hill/Kips Bay neighborhood.  More Less 

Facts

  • Lot: 1,960 sqft
  • Townhouse
  • Built in 1920
  • 6 days on Zillow
  • Last sold: Oct 1995 for $385,000
  • Price/sqft: $837
  • MLS #: 51789

Features

  • Garden

      Appliances Included

      • Dryer
      • Washer

      Construction

      • Stories: 6
      • Unit count: 4

      Other

      • Floor size: 9,800 sqft
      • Last remodel year: 1987
      • Laundry: In Unit
      • Lot depth: 98
      • Lot width: 20
      • Parcel #: 09120021
      • Zillow Home ID: 83892889

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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      $7,895,774
      -$132,384 Last 30 days
      $7.34M
      $8.37M
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $23,261/mo
      -$1,985 Last 30 days
      $7K
      $47K
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      Comparable Homes

      Homes like this sold for $4.55-15.5M.

      $4.0M
      $16.05M

      Popularity on Zillow

      75 views since listing
      2,424 all-time (chart)

      Home Expenses

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      Neighborhood

      Market guide

      Zillow predicts New York home values will increase 2.3% next year, compared to a 0.5% increase for New York Metro as a whole. Among New York homes, this home is 1380.4% more expensive than the midpoint (median) home, and is priced 94.9% more per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In New York, the number of foreclosures waiting to be sold is 55.8% lower than in New York Metro, and 75.7% less than the national average. This lower local number could help New York home values rise more quickly than other regions in New York Metro.

      Learn more about forecast calculations or New York home values.
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        For Sale

        See all nearby listings

        Rentals

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        Other Units in this Building (5)ZestimateBedsBathsSqft
        Fl 1$2.74M4--2,100
        Fl 3$1.7M412,000
        Fl 4--421,400
        Fl 2$2.53M421,500
        Fl 5--421,400

        Nearby Schools in New York

        GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        Data by GreatSchools.org