$5,200,000
Updated 6 years ago
Off Market

129 East 27th Street

NoMad, Manhattan | Park Ave South & Lexington Ave

5,850 Square FeetMixed Use

$5,200,000
floors / apts4 / 4
Lot Size22'x98'8"
Built Size22'x64'
ZoneC4-5A
Building TypeLow-Rise
RE Taxes$89,157
Price Per SF
$889

Building Amenities

  • Voice Intercom

Property Description for 129 East 27th Street

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.

Listing History for 129 East 27th Street

Now
09/18/2020
POM by Josh Lipton
Invictus Property Advisors
02/25/2020
$5,200,000 [-$400,000] [7.1%]
Price Drop by Josh Lipton
Invictus Property Advisors

Building Details for 129 East 27th Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/4
Learn More About the Building

Transit and Citi Bike

Subway

28 St
0.07 miles
23 St
0.25 miles
33 St
0.26 miles
23 St
0.33 miles
28 St
0.36 miles

Citi Bike

Lexington Ave & E 26 St
0.07 miles
Lexington Ave & E 29 St
0.08 miles

Contact Agents

Contact Agents

Josh Lipton
Invictus Property Advisors
Andrew Levine
Invictus Property Advisors

NoMad | Manhattan

Quick Profile

NoMad, North of Madison Square Park, is a rectangular swath of land that is bordered by East 25th Street to the south, East 29th Street to the north, Sixth Avenue to the west, and depending who you ask, Madison or Lexington Avenue to the East. It’s had its acronymed name for over two decades but not every New Yorker calls the neighborhood NoMad.

Historic architecture, trendy hotels and restaurants and high-priced apartments - NoMad wasn’t always the coveted neighborhood that it is today. It’s gone through many transformations over the years. Including a red light district known as the Tenderloin in the 1880’s. It was a popular shopping destination and a place where high society held court in the mid 19th century. It was part of New York City’s Silicon Alley in the 1990’s.

As of lately, world class chefs and restaurants have moved into NoMad. It’s tied with Midtown Manhattan for having the most Michelin stars (six stars to date). Besides NoMad’s architecture, nightlife, and restaurants, we can’t forget the added perk of being close to other great neighborhoods and cultural institutions. NoMad’s central location makes it easier to get just about anywhere in the city. You can walk to Chelsea, West Village, Union Square or Grand Central Station in no time at all. The N, R, 1, 6, B, Q, F, and M are very close or just a few blocks away. Penn Station is also within walking distance.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 77938TH