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

December 4, 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 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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 12/4/2024 at 5:08 PM UTC

 

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