MLS#966059
STATUSActive
PROPERTY TYPECommercial -
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.
Property Features
Property Type: Commercial -
Basement: Storage Space
Cooling: Ductless
Heating: Steam
Lot Size: 0.06 Acres
Taxes: $153,800
Year Built: 1927
Feature Descriptions
Building Area Total: 14952
Business Type: Food & Beverage
Days on Site: 93
Exterior: Brick
On Market Date: 2026-03-01
Parcel Number: 0776-0062
Property Attached Y/N: 1
Rental Term: Monthly
Seller Concession: Yes
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: Yaos Realty LLC
Agency Contact: 347-630-8888
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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242 W 27th Street | MLS# 966059
This commercial property located at 242 W 27th Street, New York, NY 10001 is currently listed for sale with an asking price of $119,999. Search New York real estate on www.coldwellbankerchoice.com today.