140 E 27th St New York, NY 10016
Rose Hill NeighborhoodEstimated payment $35,283/month
Highlights
- Pre War Building
- 3-minute walk to 28 Street (4,6 Line)
- Cooling Available
- P.S. 116 Mary Lindley Murray Rated A-
- Intercom
- 5-minute walk to Vincent F Albano Jr Playground
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $97,330
Year Built
- Built in 1910
Lot Details
- 1,980 Sq Ft Lot
- Lot Dimensions are 20.00 x 99.00
Home Design
- Pre War Building
Interior Spaces
- 5 Full Bathrooms
- 4,660 Sq Ft Home
- 4-Story Property
- Intercom
Utilities
- Cooling Available
- Heating Available
Community Details
- Kips Bay Subdivision
Listing and Financial Details
- Legal Lot and Block 59 / 882
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $101,936 | $861,115 | $465,382 | $395,733 |
| 2024 | $101,936 | $815,359 | $661,500 | $337,838 |
| 2023 | $92,739 | $756,000 | $419,524 | $336,476 |
| 2022 | $91,582 | $1,489,950 | $661,500 | $828,450 |
| 2021 | $87,756 | $1,621,350 | $661,500 | $959,850 |
| 2020 | $82,621 | $1,705,050 | $661,500 | $1,043,550 |
| 2019 | $79,102 | $1,683,000 | $661,500 | $1,021,500 |
| 2018 | $77,334 | $608,019 | $228,123 | $379,896 |
| 2017 | $73,235 | $575,789 | $246,839 | $328,950 |
| 2016 | $70,944 | $550,297 | $254,543 | $295,754 |
| 2015 | $29,748 | $509,535 | $235,688 | $273,847 |
| 2014 | $29,748 | $482,461 | $267,831 | $214,630 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/25/2024 03/25/24 | For Sale | $5,100,000 | -- | $1,094 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $4,400,000 | -- | |
| Deed | $4,400,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Bargain Sale Deed | $1,300,000 | Commonwealth Land Title Ins | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title Ins | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title Ins | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title Ins | |
| Interfamily Deed Transfer | -- | Commonwealth Land Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,653,498 | Commercial | |
| Closed | $1,653,498 | Commercial | |
| Previous Owner | $726,000 | Commercial |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20020443
APN: 0882-0059
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
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