547 27Th StNew York, NY 10001

Property Details for 547 27Th St

Year built

1900

Lot size

0.40 AC

Property size (Sq ft)

97,200 SF

Zone code

C6-3

Property type

Investment properties

Property subtype

Retail residential properties

APN

00699-0005

APU

6990005

Description

This exceptional 100,000 square foot commercial property at 547 W 27th St, in the vibrant Chelsea submarket of New York County, offers a diverse range of office and retail spaces. Located within the Hudson Yards submarket cluster, this building provides unparalleled convenience and accessibility. The property is ideally suited for a variety of uses, including traditional office, executive office, coworking, medical office, and creative office spaces, as well as retail opportunities such as pop-up shops, retail stores, and retail spots. Thirteen individual spaces are currently available, ranging in size from 795 square feet to 22,042 square feet, providing flexibility for businesses of all sizes. The building's prime location offers excellent public transportation access, with proximity to the A, C, E, and 7 subway lines, as well as numerous bus routes. Furthermore, the surrounding area boasts a wealth of amenities, including a wide selection of restaurants and bars, catering to the needs of tenants and their employees. This multi-tenant building presents a unique opportunity to establish a presence in one of Manhattan's most sought-after neighborhoods. The property's versatility and strategic location make it an ideal investment for businesses seeking a thriving and dynamic environment.

• CAP approach

  CAP return

  Valuation

  6%

  $19,926,878

  6.5%

  $18,394,042

  7%

  $17,080,182

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,685,236

  Geo Method

  $19,685,236

• Alternative Use

  Use

  Valuation

  Residential

  $18,394,042

  Hospitality

  $16,848,844

  Educational

  $14,018,040

  Medical

  $14,500,142

  Retail

  $21,805,840

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7514

Longitude

-74.0043

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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