144 27Th StNew York, NY 10001

Property Details for 144 27Th St

Lot size

0.15 AC

Property size (Sq ft)

8,093 SF

Zone code

M1-6

Property type

Retail space

APN

00802-1001

APU

8021001

Description

This exceptional retail opportunity presents two contiguous storefront spaces totaling 9,500 square feet, located at 144 West 27th Street in the vibrant Chelsea/Midtown West neighborhood of New York City. The property is situated between 6th and 7th Avenues in New York County, offering unparalleled visibility and accessibility. Currently, the entire 9,500 square feet is available for lease, providing a unique chance for a single tenant to occupy the entire building or for two separate tenants to lease individual spaces. Each space offers a minimum of 4,500 square feet, with a maximum contiguous space of 5,000 square feet. This prime location within a bustling commercial district provides exceptional foot traffic and exposure to a diverse clientele. The property's classification as a storefront retail space ensures high visibility and easy access for customers. The address, 144 West 27th Street, New York, NY 10001, places the property within a highly sought-after area known for its blend of established businesses and trendy new ventures. This presents a significant opportunity for businesses seeking a prominent presence in a dynamic and thriving market. The property's size and layout offer flexibility for a variety of retail concepts, making it an ideal location for businesses looking to establish or expand their presence in Manhattan.

• CAP approach

  CAP return

  Valuation

  6%

  $1,530,940

  6.5%

  $1,413,170

  7%

  $1,312,230

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,099,730

  Geo Method

  $1,099,730

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,755,820

  Mixed-Use / Specialty

  $1,408,130

  Hospitality / Lodging

  $1,033,100

  Office

  $1,399,770

  Institutional / Educational

  $1,463,890

  Residential Income

  $1,712,750

  Multifamily

  $2,054,180

  Automotive / Energy

  $1,254,760

  Parking / Income-Based Land

  $433,004

  Restaurant / Food Service

  $732,382

  Healthcare / Senior Housing

  $1,444,020

Location Insight

City

New York

County

New York

State

New York

Latitude

40.746

Longitude

-73.9929

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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