Great opportunity to purchase this Mixed-Use/Multi-family 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 restaurant/bar, Ernie O'Malley's, formerly Jack Diamond's, on the ground floor and cellar, plus residential floors above, as well as Air Rights. 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.
For additional information regarding this mixed-use building, please reach out by email or call.
On-Premises 4:00 am Liquor License.
Building's facade and interior hallways have recently been painted.
Building is being offered for sale "As-is".
Additional Financials provided upon request.
Disclaimer: Financials provided contain estimated dollar amounts and are subject to verification.
Active
$5,100,000
140 E 27th St, New York, NY 10016
--beds
--sqft
Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Residential apartments
- 511 days
- on Zillow |
- 185 |
- 10 |
Zillow last checked: 7 hours ago
Listing updated: 8 hours ago
Listing by:
Station Cities 917-549-7317,
James Manning
Source: StreetEasy,MLS#: S1706646
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 7
- Full bathrooms: 7
Interior area
- Total structure area: 0
Property
Features
- Patio & porch: Terrace, Deck
- Exterior features: Private Roof Deck, Terrace
Details
- Parcel number: 008820059
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Roof Rights
Condition
- Year built: 1910
Community & HOA
Community
- Subdivision: Kips Bay
Location
- Region: New York
Financial & listing details
- Tax assessed value: $2,510,000
- Annual tax amount: $92,736
- Date on market: 3/25/2024
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