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. <br><br>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. <br><br>On-Premises 4:00am Liquor License. <br><br>Building facade and interior hallways have recently been painted.<br><br>Building is being offered for sale "as-is". <br>Note: Photos of the restaurant are prior to the latest renovation. <br>Disclaimer: Financials provided are contain estimated dollar amounts and are subject to verification and change.
Property Details
Property Features
Property Information:
Architectural Style: Prewar, Walk-Up
Year Built: 1910
Living Area: 4,660 SqFt
Listing Office:
Office Name: Station Cities
Office Phone: (212) 768-7272
Listing Agent: James Manning
Agent Phone: (917) 549-7317
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 5
Utilities
Utilities Information:
Heating: Electric
Cooling: Other
Price Information
Listing Price Info
Price Summary:
List Price: $5,490,000
Price Per SqFt: $1,178/SqFt
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe 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.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
7
/10
P.S. 116 Mary Lindley Murray School
210 E 33rd St
Distance between this listing and this school0.31 miles
Public District Grades KG-5
9
/10
P.S. 40 Augustus Saint-Gaudens School
320 E 20th St
Distance between this listing and this school0.43 miles
Public District Grades KG-5
9
/10
The River School
425 E 35th St
Distance between this listing and this school0.55 miles
Public District Grades PK-4
Nearby Schools
4
/10
The 47 American Sign Language and English Lower School
223 E 23rd St
Distance between this listing and this school0.24 miles
Public District Grades PK-8
9
/10
Ballet Tech/Nyc Public School for Dance
890 Broadway
Distance between this listing and this school0.43 miles
Public Magnet Grades 4-8
7
/10
J.H.S. 104 Simon Baruch School
330 E 21st St
Distance between this listing and this school0.43 miles
Public District Grades 6-8
Nearby Schools
7
/10
Baruch College Campus High School
55 E 25th St
Distance between this listing and this school0.16 miles
Public District Grades 9-12
8
/10
School of the Future High School
127 E 22nd St
Distance between this listing and this school0.24 miles
Public District Grades 6-12
8
/10
Unity Center for Urban Technologies
111 E 33rd St
Distance between this listing and this school0.33 miles
The neighbors living near this home have an average income of $108,065. The majority of New York, NY residents have income between $100k-200k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
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This home is located at 140 E 27th St in New York City, NY and zip code 10016 in the Kips Bay neighborhood. This 4,660 square foot home was built in 1910. Features: 5 bathrooms. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $5,490,000.
In October 2024 more than 269 listings in New York, NY were sold above the asking price. During the same period more than 850 listings were sold at asking price, while more than 833 were sold below. In October 2024 in New York, NY there were 1.8% more homes for sale than in September 2024. While the average time on the market in October 2024 was 84 days, the median list price was $856,124.
From Rocket Homes Real Estate and based on county public records data.
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