133 E 27th street
Mixed Use | 5,358 SqFt
Marketing description
131–135 East 27th Street is a four-story, corner mixed-use building located at the highly visible intersection of East 27th Street and Lexington Avenue in the heart of Kips Bay. The property offers renovated residential units, multiple retail storefronts, and significant unused FAR, creating a compelling combination of in-place income and long-term value-add or development upside.
PROPERTY OVERVIEW
Building Size: ~5,358 SF
Stories: 4
Year Built: 1910
Construction: Masonry
Building Class: S9 – Mixed-Use
Corner Lot: Yes (NE corner)
Tax Class: 2B
Annual Taxes: ~$143,885
RESIDENTIAL COMPONENT
Units: 6 one- and two-bedroom apartments
Avg. Unit Size: ~576 SF
Condition: Many units gut renovated
Finishes Include:
Stone bathrooms & countertops
Stainless steel appliances
Dishwashers
Access: Secure key-fob entry
Pet Friendly
COMMERCIAL COMPONENT
Retail Units: 4
Retail Area: ~1,400 SF
Additional Space: ~500 SF garage/storage
Exposure: Strong Lexington Avenue frontage with consistent foot and vehicular traffic
ZONING & DEVELOPMENT UPSIDE
Zoning: C6-2A / R8A Equivalent
Current FAR: 3.15
Max Buildable Area: ~10,234 SF
Unused FAR / Air Rights: ~4,879 SF
Provides meaningful vertical expansion or reconfiguration potential, subject to approvals.
For additional information, financials, or to schedule a tour:
Ariel Ben Ezra
Wingate Advisors Inc.
Investment highlights
INVESTMENT HIGHLIGHTS
Prime corner asset in a dense Midtown submarket
Renovated apartments with modern finishes
Diversified income stream: residential + retail
Significant unused FAR for future expansion
Excellent proximity to Midtown, Flatiron, and Downtown Manhattan
Long-term appreciation in a supply-constrained neighborhood
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