129 E 27th St
New York, NY 10016
Retail Property For Sale

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.