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548 & 554 W 28th Street 2 Properties in New York, NY

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INVESTMENT HIGHLIGHTS

  • An architecturally historic 97,200-GSF six-story office building and a 4,937-GSF retail building
  • Premier West Chelsea location adjacent to the High Line, Hudson Yards, and Chelsea Art District
  • Flexible zoning allows for a multitude of uses: office, gallery, residential, commercial, etc.
  • Walkable to dining, entertainment, and retail destinations such as Chelsea Market, The James Beard Foundation’s Market 57, and Hudson Yards

EXECUTIVE SUMMARY

Avison Young, as the exclusive agent, is pleased to present for sale 548 West 28th Street and 554 West 28th Street (the “Properties”), two adjacent buildings with block-through frontage in the heart of West Chelsea. Together, the Properties comprise 102,137 gross square feet across a six-story office building and an adjacent retail building.

PROPERTY FACTS

Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 102,137 SF
Total Land Area 0.46 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Landmark Arts Building
547 W 27th St, New York, NY 10001
Office 97,200 SF 1899 -
554 W 28th St, New York, NY 10001 Retail 4,937 SF 1900 -
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SALE ADVISORS

SALE ADVISORS

Alexandra Marolda, Senior Associate
Alexandra Marolda is an Associate Director on the Tri-State Investment Sales Team. Alexandra spent over five years on the principal side prior to joining Avison Young in 2019. Alexandra started as a Property Manager, overseeing a real estate portfolio consisting of 1,200 residential units and 50 retail units within Manhattan and the Greater New York City area. Eventually, Alexandra transitioned from the Property Manager role to Senior Management, overseeing the Property Managers, Leasing Managers as well as Acquisitions.
James Nelson, Head of U.S. Investment Sales
James Nelson is Principal and Head of U.S. Investment Sales where he leads Avison Young’s significant investment sale efforts and growth strategies in the top U.S. markets. Avison Young is a full service global real estate firm with over 5,000 real estate professionals located in 120 offices in 20 countries including more than 50 offices across the United States. With a differentiated approach, the cohesive U.S. Investment Sales Group leverages best in class execution to deliver superior results for clients.  

Since joining Avison Young in 2018, James has been involved in over 225 sales valued at well above $3 billion dollars, resulting in his being named a top global top producer, a Commercial Observer’s Power 100, and a CoStar Power Broker. James has also been a recipient of REBNY’s prestigious Edward S. Gordan Deal of the Year award. Some noteworthy clients include The Archdiocese of New York, Breaking Ground, The Carlyle Group, JP Morgan Chase, Salvation Army and Vornado among others.

James builds unique sales platforms at Avison Young consisting of a unified, client-first sales group that is broken out by asset class and providing the best client experience. This approach aligns with Avison Young’s principally owned structure which allows principals to be personally invested in the long-term success of their clients.

Throughout his over 25-year career, James has been involved in the sale of approximately 500 property and loan sales for an aggregate value of over $5 billion dollars. Prior to joining Avison Young, James served as Vice Chairman of Cushman & Wakefield, where his team was ranked the number one Investment Sales broker nationwide in 2016. Previously, James was a partner and top producer for Massey Knakal for six of their last eight years and was named the company’s youngest partner in 2004.

James is passionate about real estate and helping others achieve success. With his Wall Street Journal bestselling book The Insider’s Edge To Real Estate Investing, podcast, videos, and weekly Forbes articles, he advises on how to navigate and stay on top of this ever-changing market. He enjoys guest lecturing at Columbia, Fordham, NYU, Wharton, and of course his alma mater Colgate. He often provides this real estate expertise to notable mainstream publications such as The Wall Street Journal, NY Times, and the NY Post.

James serves on the boards of REBNY, SparkYouth NYC, and USA Water Polo and is a former Chairman of YM/WREA. He is also a co-founder of the Real Estate Services Alliance (RESA) and the Colgate Real Estate Council. His greatest joy is spending time with his wife Allison and three sons Luke, Austin, and TJ either at home in Connecticut, up on the Cape, or travelling to their water polo tournaments on the West Coast. You can follow James on Instagram at @jamesnelsonnyc or visit jamesnelson.com for more information.
Erik Edeen, Principal/Senior Director of U.S. Investment Sales
Erik Edeen is Principal and Senior Director of U.S. Investment Sales at Avison Young based out of the firm’s Manhattan Office. Erik leads major market business execution, partnering with leading professionals in those markets. He is involved in developing and executing all facets of the investment sales business across all asset types. Erik’s role includes developing go-to-market strategies including research, marketing, and data analytics. With a differentiated approach, the cohesive U.S. Investment Sales Group leverages best-in-class execution to deliver superior results for clients.  

Erik also leads the day-to-day operation of the two-dozen member Tri-State Investment Sales Group where he oversees the sales, operations, and analytics teams. He serves in a leadership role on the Capital Markets Executive Committee steering critical strategy and functions. Throughout his 15-year career, Erik has been involved approximately 300 real estate transactions valued over $5 billion.

Before joining Avison Young, Erik was a Financial Analyst on CBRE’s New York Institutional Investment Sales group, a top 10 globally ranked team. Erik earned a Bachelor of Science degree in Finance from the University of Connecticut with a concentration in Real Estate and was the 2019 recipient of the University of Connecticut Real Estate Center Early Career Alumni Award. In addition, he is the Co-Chair of Real Estate Ascending Leaders (REAL), an exclusive New York based networking and educational association. Erik is a member of REBNY, ULI and is active within the UCONN alumni network. Erik lives in Long Island City with his wife and two children. Connect with Erik on Linkedin.
  • Listing ID: 38080959

  • Date on Market: 10/15/2025

  • Last Updated:

  • Address: 548 & 554 W 28th Street, New York, NY

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