$27,500,000
Updated 10 years ago
Off Market

154-156 West 27th Street

Chelsea, Manhattan | Ave of the Americas & Seventh Ave

26,959 Square FeetIncome Property

$27,500,000
floors / apts7 / 12
Lot Size44'3"x98'7"
Built Size44'3"x90'
ZoneM1-6
Building TypeLoft
RE Taxes$170,153
Price Per SF
$1,020

Building Amenities

  • Video Intercom
  • Keyed Elevator

Property Description for 154-156 West 27th Street

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a seven-story, elevator loft building located on the south side of West 27th Street between 6th and 7th Avenues. The building consists of ground floor retail with 12 residential units above. Six of the residential units are vacant, four of the units are month-to-month, and two are rent-stabilized. The building features high ceilings throughout, two elevators (one of which opens directly into all units), and approximately 16,817 SF of air rights that could potentially be used for an addition. The building is on the same block as the Peter Poon designed INNSIDE New York Hotel and less than one block from the 1 train stop and the Fashion Institute of Technology. The property has tremendous potential as a future hotel surrounded by high-end hospitality offerings or as creative office space in the heart of a bustling tech hub.

Listing History for 154-156 West 27th Street

Now
07/27/2016
POM by James P. Nelson
Cushman & Wakefield
Launch

Building Details for 154-156 West 27th Street

OwnershipIncome Property
Building TypeLoft
Service LevelVideo Intercom
AgePre-War
AccessKeyed Elevator
Floors/Apts7/12
Learn More About the Building

Transit and Citi Bike

Subway

28 St
0.1 miles
28 St
0.21 miles
23 St
0.21 miles
23 St
0.21 miles
23 St
0.29 miles

Railroad

Penn StationLong Island Rail Road
0.33 miles

Citi Bike

W 27 St & 6 Ave
0.11 miles
W 25 St & 6 Ave
0.15 miles

Contact Agents

Contact Agents

James Nelson
Cushman & Wakefield
David Shalom
Cushman & Wakefield

Chelsea | Manhattan

Quick Profile

The row houses portray the world-class architecture of Greek Revival, Italianate and Georgian styles. The population is both ethnically and socially diverse, which is reflected in the restaurants and retail businesses in the neighborhood. 

Western Chelsea is the center of the NYC art world, where you will find more than 200 art galleries housed in rehabbed factories and warehouses, as well as in newly-constructed buildings.

While people of many different cultures call Chelsea home, it has been a mecca over the years for people in the LGBTQ community. One census reported that as many as 22% of its residents were gay couples. Eighth Avenue is a trendy area for LGBTQ-oriented dining and shopping. Although it no longer draws the LGBTQ population that it once did, Chelsea still has many popular alternative bars.  

Chelsea is primarily residential, consisting of a mixture of diverse complexes, low-rise apartment blocks, tenements, townhouses, renovated row houses, and luxury high-rises. 

Chelsea is an interesting and sought-after place to live, with unique clothing boutiques, restaurants, and delis representing cultures from around the world. In addition to its quirky establishments, Chelsea has fine dining restaurants and a vibrant, hip nightlife, which adds to its allure.

Chelsea is well-served by public transportation. At least six city bus routes traverse Chelsea. There are three NYC subway routes with stops on Seventh Avenue, three on Eighth Avenue, and two more on Sixth Avenue. The 34th Street - Hudson Yards Station opened in 2015 with its main entrance in Chelsea.  

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 63860TH