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242 W 27th St 16,500 SF 55% Leased Office Building New York, NY 10001 $7,000,000 ($424.24/SF)
INVESTMENT HIGHLIGHTS
- Space is located within Chelsea Art District.
- Prime 7-Story lofted retail building.
EXECUTIVE SUMMARY
PRICE UPDATE: 11/17/25
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.
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
Building Size
16,500 SF
Building Class
B
Year Built
1927
Price
$7,000,000
Price Per SF
$424.24
Percent Leased
55%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
2,357 SF
Slab To Slab
10’6”
Building FAR
7.00
Lot Size
0.05 AC
Zoning
C6-2A
AMENITIES
- Bus Line
- Metro/Subway
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Ground Floor Retail/Office/Showroom
- 2nd Fl-Ste Entire
- 2,500 SF
- Office/Retail
- -
- Now
- 5th Fl-Ste B
- 1,200 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste B | 2,500 SF | Office/Retail | - | Now |
| 2nd Fl-Ste Entire | 2,500 SF | Office/Retail | - | Now |
| 4th Fl-Ste B | 1,200 SF | Office | - | Now |
| 5th Fl-Ste B | 1,200 SF | Office | - | Now |
1st Fl-Ste B
| Size |
| 2,500 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste Entire
| Size |
| 2,500 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste B
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
5th Fl-Ste B
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste B
| Size | 2,500 SF |
| Space Use | Office/Retail |
| Condition | - |
| Available | Now |
Ground Floor Retail/Office/Showroom
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
4th Fl-Ste B
| Size | 1,200 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 0776-0062 | Improvements Assessment | $1,236,960 |
| Land Assessment | $192,150 | Total Assessment | $1,429,110 |
PROPERTY TAXES
Parcel Number
0776-0062
Land Assessment
$192,150
Improvements Assessment
$1,236,960
Total Assessment
$1,429,110
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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242 W 27th St
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