242 W 27th Street New York, NY $ 119,999
242 W 27th Street
$ 119,999
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242 W 27th Street

New York, NY, 10001
$ 119,999
Bedrooms-- Baths-- Sq 14,952

Monthly Estimate*

$ 739

242 W 27th Street, New York, NY 10001 - Image 1
242 W 27th Street, New York, NY 10001 - Image 2
242 W 27th Street, New York, NY 10001 - Image 3
242 W 27th Street, New York, NY 10001 - Image 4

Commercial Property for sale in New York, NY

for $119,999. This 14,952 square foot building was built in 1927 on a lot size of 0.0563.

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.

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Commercial Active

Price

$ 119,999

Property Type

Commercial

Taxes

$ 153,800

Style

Business

Lot Size

0.0563

Year Built

1927

Town/City

New York

County/Region

New York

MLS | Web ID

966059

Features
General
Sewer Public Sewer
Heating Steam
Cooling Ductless
Utilities Cable Connected Electricity Connected Water Connected
Zoning C6-2A
Construction Materials Brick
Year Built 1927
Property Subtype Business
Tax Year 2025
Parcel Number 0776-0062
Business Type Food & Beverage
County New York (Manhattan)
Property Type Commercial Sale
Directions Please Search Sip Coffee and Matcha on google map.
City New York
Property Attached Y/N Y
Tax Annual Amount 153800.84
Building Area Units Square Feet
Standard Status Active
Tax Assessed Value 1573200
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Interior
Basement Storage Space
Basement Features Storage Space
Basement (Y/N) Y
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Exterior
Water Source Public
Building Area Total 14952
Waterfront Y/N N
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Internal Only
Street Number 1 242
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* Excluded Features
List By
Jianfeng Yao

Listing Agent

Yaos Realty Llc

Broker

347-630-8888

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Affordability Calculator

$13,556
Per Month
5%
95%
0%
Monthly Principal & Interest
$739
Monthly Property Taxes
$12,817
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2026$119,999 -25.00% Price Down
3/1/2026$159,999 Listed Price

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242 W 27th Street, New York, NY, 10001 is a Commercial Property for sale at $119,999 with 14,952 sqft and a lot size of 0.0563. 242 W 27th Street was built in 1927. The property's zip code is 10001 which is in New York, NY