4
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$119,999
Est. payment /mo
2,452 Sqft Lot
Price Dropped by $40K
242 W 27th ST New York (manhattan), NY 10001
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Additional details
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 966059
Rental Info No
Year Built 1927
Annual Tax Amount $153,800
Lot Size 2,452 Sqft
Acres 0.0563
Property Sub-Type Business
Source onekey2
Property Description
An incredible opportunity to own a designer-renovated, high-traffic cafe strategically located directly across from the Fashion Institute of Technology (FIT). This isn't just a coffee shop; it's a neighborhood staple with a stellar 4.8-star Google rating (300+ reviews) and a deeply established customer base of students, faculty, and Chelsea locals. 8 Years Lease Remaining.
The Space & Assets:
No expense was spared in the creation of this contemporary space. The owner invested over $250,000 in custom renovations and $100,000+ in premium equipment, including the industry-leading Eversys Cameo (or similar) Super Automatic Espresso Machine. The aesthetic is sleek, modern, and perfectly aligned with the creative energy of the FIT campus.
Revenue & Growth Drivers:
Built-in Clientele: Massive daily foot traffic from thousands of FIT students and staff.
Exclusive Vendor Status: Recognized FIT vendor with guaranteed participation in two major annual block parties.
Event Hub: Currently hosts multiple recurring community events, providing immediate diversified income.
Turnkey Operations: The infrastructure is perfectly optimized for a traditional high-volume cafe or a tech-forward concept.
The Space & Assets:
No expense was spared in the creation of this contemporary space. The owner invested over $250,000 in custom renovations and $100,000+ in premium equipment, including the industry-leading Eversys Cameo (or similar) Super Automatic Espresso Machine. The aesthetic is sleek, modern, and perfectly aligned with the creative energy of the FIT campus.
Revenue & Growth Drivers:
Built-in Clientele: Massive daily foot traffic from thousands of FIT students and staff.
Exclusive Vendor Status: Recognized FIT vendor with guaranteed participation in two major annual block parties.
Event Hub: Currently hosts multiple recurring community events, providing immediate diversified income.
Turnkey Operations: The infrastructure is perfectly optimized for a traditional high-volume cafe or a tech-forward concept.
Location
State NY
County New York (manhattan)
Rooms
Basement Storage Space
Interior
Heating Steam
Cooling Ductless
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Yaos Realty LLC • Jianfeng Yao