140 East 27th Street
$5,490,000
—
5
4,660
4,660
$1,178
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
Status | Active |
---|---|
MLS ID | OLRS-0094978 |
Days on Market | 87 |
Taxes | $7,574 / month |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 0.0 |
Compass Type | Mixed Use |
MLS Type | Mixed Use |
Year Built | 1910 |
Lot Size | 1,980 SF / 20' x 99' |
County | New York County |
Building
Building Information for 140 East 27th Street
Stories3Residences4Year Built1910Lot Size1,980 SF / 20' x 99'Building Age-Building Type-
Property Information for 140 East 27th Street
Property History for 140 East 27th Street
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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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 |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 | |||
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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