140 East 27th Street
Kips Bay | Lexington Avenue & Third Avenue
Ownership
Multi-Family
Floors/Apts
3/4
Status
Active
Real Estate Taxes
[Per Annum]
$ 97,330
Building Type
Townhouse
Year Built
1910
ASF/ASM
4,660/433
Property 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 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.
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.
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.
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.
Listing Courtesy of Dwellworks Property Advisors
Care to take a look at this property?
Apartment Features
A/C
Outdoor
Private Roof
Building Details [140 East 27th Street]
Ownership
Multi-Family
Service Level
Voice Intercom
Access
Walk-up
Block/Lot
882/59
Building Type
Townhouse
Year Built
1910
Floors/Apts
3/4
Mortgage Calculator in [US Dollars]
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
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