242 W 27th Street, New York (Manhattan), NY 10001

$119,999

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List Price
$119,999
Price Change
▼ $40,000 1773893936
Days on Market
150
MLS#
966059
Status
ACTIVE
Lot Size
2452

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.

Additional Information

Year Built
1927
Total Taxes
153800
Heating
Steam
Basement
Storage Space
Water
Public
Sewer
Public Sewer
Taxes
$153,800

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Listing courtesy of Listing Agent: Jianfeng Yao (yaosrealty@gmail.com) from Listing Office: Yaos Realty LLC.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.