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242 W 27th St

16,500 SF 78% Leased Office Building New York, NY 10001 £10,954,300 (£664/SF)

Investment Highlights

  • Space is located within Chelsea Art District.
  • Prime 7-Story lofted retail building.

Executive Summary

The Property is well-located in the Chelsea Art District. Not only is this one of the most
desirable neighborhoods in Manhattan but it is also in very close proximity to
some of New York’s most iconic buildings and exciting development projects.
Madison Square Garden, Penn Station, Moynihan Station and The High Line
can all be reached within a 5 to 10 minute walk. Additionally, The Empire
State Building and the plethora of developments at the Hudson Yards can be
reached within a 15 minute walk.
The Property also benefits from exceptional accessibility to public transportation.
Penn Station services the A, C, E, 1, 2, 3, NJ Transit, the Long Island
Rail Road, NJ Path and Amtrak. The 1 train also has a stop less than a block
away at the intersection of West 28th Street and Seventh Avenue.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
16,500 SF
Building Class
B
Year Built
1927
Price
£10,954,300
Price Per SF
£664
Percent Leased
78%
Tenancy
Multiple
Number of Floors
7
Typical Floor Size
2,357 SF
Slab to Slab
10 ft
Building FAR
7.00
Lot Size
0.05 AC
Zoning
C6-2A

Amenities

  • Bus Route
  • Public Transport

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 3rd Fl-Ste #3B
  • 1,200 SF
  • Office
  • -
  • Now

$32 PSF ONLY FOR AS - IS DEALS!

  • 4th Fl-Ste #4B
  • 1,200 SF
  • Office
  • Full Build-Out
  • Now

Matterport VR tour - https://my.matterport.com/show/?m=9MDChjNGMUz

  • 5th Fl-Ste #5B
  • 1,200 SF
  • Office
  • Shell Space
  • Now
Space Size Space Use Condition Available
3rd Fl-Ste #3B 1,200 SF Office - Now
4th Fl-Ste #4B 1,200 SF Office Full Build-Out Now
5th Fl-Ste #5B 1,200 SF Office Shell Space Now

3rd Fl-Ste #3B

Size
1,200 SF
Space Use
Office
Condition
-
Available
Now

4th Fl-Ste #4B

Size
1,200 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

5th Fl-Ste #5B

Size
1,200 SF
Space Use
Office
Condition
Shell Space
Available
Now

3rd Fl-Ste #3B

Size 1,200 SF
Space Use Office
Condition -
Available Now

$32 PSF ONLY FOR AS - IS DEALS!

4th Fl-Ste #4B

Size 1,200 SF
Space Use Office
Condition Full Build-Out
Available Now

Matterport VR tour - https://my.matterport.com/show/?m=9MDChjNGMUz

5th Fl-Ste #5B

Size 1,200 SF
Space Use Office
Condition Shell Space
Available Now

Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0776-0062
Land Assessment
£150,348
Improvements Assessment
£973,070
Total Assessment
£1,123,418
  • Listing ID: 28774865

  • Date on Market: 10/05/2023

  • Last Updated:

  • Address: 242 W 27th St, New York, NY 10001

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