Active
140 East 27th Street
New York City NY, 10016
$5,490,000
$1,178.11 per sqft
Active
5 Baths
4,660 sqft
Multi-family
Built in 1910
Great opportunity to purchase this Mixed-Use building in the heart of the thriving Kip's Bay neighborhood of Manhattan. The building is located between Lexington Avenue and Third Avenue and consists of the ground floor restaurant/bar, Jack Diamond's, plus the three residential floors above. The restaurant has 3% annual increases in the monthly rent and is a few years into a fifteen year lease. The residential apartments are all Free Market and are all leased. There is room to raise residential rents which are currently are below market rates. There is also the possibility of renovating the apartments and significantly increasing the rents.
The heat is electric and the responsibility of the tenant. Additionally, 140 East 27th St is located a few blocks from the 28th St Subway (6 line).The MTA bus stops uptown on Third Avenue and downtown on Lexington Avenue. The MTA crosstown bus is on 23rd Street and 34th Street.
On-Premises 4:00am Liquor License.
Building facade and interior hallways have recently been painted.
Building is being offered for sale "as-is".
Note: Photos of the restaurant are prior to the latest renovation.
Disclaimer: Financials provided are contain estimated dollar amounts and are subject to verification and change.
OLRS-0094978
MLSⓇ ID
October 1, 2024
Listed
October 12, 2024
Updated
Map
140 East 27th Street
New York City NY, 10016
Interior Features
Total Stories
4
Total Bathrooms
5
Full Bathrooms
5
Laundry Description
See Remarks
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.05 Acres
Architectual Style
Prewar, Walk-Up
Other Property Details
Taxes
$90,884
Tax Frequency
Annually
Garage
No
View
No
County
NewYork
Pool
No
Listed by James Manning with Station Cities
Listing Contact: (917) 549-7317
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 10/12/2024 at 10:43 AM UTC