140 East 27th Street
Midtown East, NYC
$5,490,000 Price
- Bedrooms   5.0 Baths

140 East 27th Street, Midtown East, NYC

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%...

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.

Courtesy of Station Cities

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Midtown East, NYC
Type:
Price: $5,490,000
Web ID: 1089120979

Info & Amenities

Bathrooms: 5.0
Built: 1910
Pets allowed: Yes

Map of Area for 140 East 27th Street

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Midtown East is a vibrant neighborhood located in the heart of Manhattan, New York City. It stretches from East 42nd Street to East 59th Street and is bordered by the East River to the east and Fifth Avenue to the west. This area is known for its bustling commercial district, iconic landmarks, and convenient accessibility to various attractions and amenities.

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