#RLS11029995, Catherine Juracich Juracich, Listing Office: Corcoran Group

140 E 27th St New York City, NY 10016
Property details
About 140 E 27th St
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.
Highlights
Summary
- MLS Number: RLS11012975
- MLS Name: RLS
- Office Name: Station Cities
- Office Phone: (212) 768-7272
- Office Email: pamela.roman@stationcities.com
- Listing Agent: James P Manning
- Agent Phone: (917) 549-7317
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Last updated on: 3/9/2025, 4:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,490,000
140 E 27th St
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Price information
Property sales
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Nearby schools
7
P.S. 116 Mary Lindley Murray School
Public District KG-5
0.3 mi
•210 E 33rd St
8
P.S. 40 Augustus Saint-Gaudens School
Public District KG-5
0.4 mi
•320 E 20th St
8
The River School
Public District PK-4
0.5 mi
•425 E 35th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $108,065. Most New York City, NY residents have annual incomes between $100k-200k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
Similar homes for sale
This home is located at 140 E 27th St in New York City, NY and zip code 10010 in the Kips Bay neighborhood. This 4,660 square foot home was built in 1910. Features: 0 bedroom, 5 bathrooms. It has been listed on Rocket Homes since October 3, 2024 and is currently priced at $5,490,000.
In February 2025, from all listings sold in New York City, NY there were more than 189 sold above asking price, over 627 sold below and more than 682 were sold right at the asked price. The inventory of homes for sale in New York City, NY between January and February 2025 decreased by 3.1%. The median list price of listings available in February 2025 was $867,439, while the average time on the real estate market was 130 days.