140 East 27th Street

Kips Bay

$5,490,000
Price
—
Beds
5
Baths
4,660 Sq. Ft.
$1,178 / Sq. Ft.
4,660
Sq. Ft.
$1,178
per Sq. Ft.

Description

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...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.

Property Details for 140 East 27th Street

Architectural Style
Prewar
LISTING UPDATED: 10/31/2024 03:34 PM

Property Details for 140 East 27th Street

StatusActive
MLS IDOLRS-0094978
Days on Market37
Taxes$7,574 / month
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1910
Lot Size1,980 SF / 20' x 99'
CountyNew York County

Building Information for 140 East 27th Street

Stories4Residences-Year Built1910Lot Size1,980 SF / 20' x 99'Building Age-Building Type-

Property Information for 140 East 27th Street

Summary
Location and General Information
  • Subdivision Name: Kips Bay
  • Cross Street: Lexington Avenue/Third Avenue
  • Stories Total: 4
Taxes and HOA
  • Tax Lot: 59
  • Tax Block: 882
  • Building Tax Lot: 59
  • Tax Abatement YN: false
Parking
  • Garage: No
Property
Lot Information
  • Living Area: 4660.0
  • Building Area Total: 4660.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 20.00 x 99.00
  • Living Area Units: SquareFeet
  • Foundation Area: 0.0
Building Information
  • Building Laundry Features: SeeRemarks
  • Building Pets Allowed: BuildingYes
Property and Assessments
  • New Development: No
  • Certificate Of Occupancy: No
  • Common Interest: None
  • New Construction: No
  • Structure Type: WalkUp
  • Property Condition: Good
Interior and Exterior Features
Exterior Features
  • Exterior Features: RoofDeck
Interior Features
  • Cooling: Other
  • Heating: Electric
  • Cooling: Yes
  • Heating: Yes
  • Other Equipment: Intercom
  • ElevatorsTotal: 0
  • Size Dimensions: 20.00 x 50.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Delivered Vacant: No
  • Attendance Type: None

Property History for 140 East 27th Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 140 East 27th Street

Taxable ValueLand$661,500Additions$468,000Total$1,129,500
Home Facts
Total Finished SqFt4,660 SqFtLot Size1,975 SqFtYear Built1910ZoningR8BAPN1008820059

Schools near 140 East 27th Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
P.S. 116 Mary Lindley Murray
Public - PK to 5
Nyc Lab Ms For Collaborative Studies
Public - 6 to 8
Lower Manhattan Community Middle School
Public - 6 to 8
Jhs 104 Simon Baruch
Public - 6 to 8
Rating
School
Distance
P.S. 116 Mary Lindley Murray
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 104 Simon Baruch
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 140 East 27th Street, Kips Bay

140 East 27th Street is a mixed use property for sale in Kips Bay. This property was listed for sale on October 1, 2024 by Station Cities, it's currently listed at $5,490,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 116 Mary Lindley Murray, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 140 East 27th Street is a 0-bed, 5-bath, 4,660 sqft mixed use property built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Station Cities

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