129 East 27th Street

For Sale$5,600,000

129 East 27th Street, New York, NY 10016

  • Mixed Use

129 East 27th Street, New York, NY 10016 - Mixed Use Space

129 East 27th Street is located at 129 East 27th Street in the NoMad neighborhood, NY, New York, 10016. The Mixed Use building features a total of 5,850 Sqft.

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Details

  • Sale Price $5,600,000
  • City New York
  • Neighborhood NoMad
  • Zip Code 10016
  • Property Type Mixed Use
  • Property Size 5,850 Sqft
  • Lot Size 0.05 Acre

Description

FREE MARKET MIXED-USE WALKUP BUILDING FOR SALE

In Close Proximity to the 6 Subway Line and Madison Square Park. Turn-Key Opportunity with Residential Value-Add Component.

Residential Units: 4 Units

Commercial Units: 2 Units

 

INVICTUS Property Advisors has been hired on an exclusive basis for the sale of 129 East 27th Street in the heart of

Midtown Manhattan. The subject property is a four (4) story mixed-use walk-up building on the north side of East 27th Street

between Lexington and Park Avenues. The property is located in NoMad, which is a hotbed for luxury condo

development, trendy restaurants and bars, at the intersection of Gramercy Park and the Flatiron District.

The property contains a total of six (6) units that consist of one (1) ground floor retail space occupied by Pippali, and one

(1) second floor commercial unit which is currently vacant, two (2) residential apartments on the third floor, and two (2)

residential apartments on the fourth floor. Future ownership can realize substantial residential upside with current free

market rents at $49/NSF, in an area that can garner $70-$80/SF for studio and one-bedroom units.

The subject property is located near many local and national restaurants such as Trulli, Bluesmoke, Covina, Scarpetta, Eleven Madison

Park, Hillstone, Sarabeth's, The Smith, 16 Handles, O Ya, among others. The building is also located near Barry's Bootcamp, Duane

Reade and Chase Bank. The subject property is one block away from the 6 subway line and in close proximity to PS 450

and Baruch College.

Nomad Demographics

The average household income in zip code 10016 is $151,829, from a total of 28,681 households. In terms of employment, there are 97.84 % white-collar and 2.16 % blue-collar jobs in zip code 10016.

Population

  • Total Population19,097
  • Male Population(48.3 %) 9,231
  • Female Population(51.7 %) 9,866
  • Median Age34.60

Income/Financial

  • Average Household Income$163,193
  • Median Household Income$109,250
  • Median Income Under 25$65,903
  • Median Income 25-44$133,685
  • Median Income 45-64$109,583
  • Median Income Over 65$45,955

BROWSE OTHER PROPERTIES IN NOMAD

Check out the links below if you're interested in other types of properties for lease or for sale in NoMad:

Commercial Brokers Register now to add listings

Andrew Levine

Invictus Property Advisors, LLC

(212) 596-7570

Josh Lipton

Invictus Property Advisors, LLC

(212) 596-7579