Chelsea Mixed-Use Building for
242 W 27th St, New York, NY
Call to check price and availability
Seven-story mixed-use building in Chelsea with retail and office space.
Type:OFFICE
Property size:
17,500 SFLot size:
0.06 AcresPrice / SF:
$571/SF- Added:
- Aug 11, 2025
- Days on Market:
- 285
- Last Refresh:
- Apr 5 at 9:34 pm
Property Features for 242 W 27th St
General Information
- Standard status
- Active
- Size
- 17,500 SF
- Lot size
- 0.06 Acres
- Property subtype
- OFFICE
Properties For Sale
at 242 W 27th St Contact usListing agent David Schechtman (212) 468-5907
Listing office Meridian Capital Group (212) 468-5907
Listing date Aug 11, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Meridian Capital Group
HighLights
- Prime Chelsea location directly across from the Fashion Institute of Technology.
- Significant upside potential through leasing 8,600 square feet of vacant office space and 2,600 square feet on month‑to‑month leases at market rents.
- Stable income from 1,000 square feet of fully‑leased retail through 2034.
- Excellent transit access with close proximity to multiple subway lines (1, 2, 3, A, C, E) and Penn Station.
- Mixed‑use building with both office and retail space.
- 25 feet of frontage and strong visibility on 27th Street.
Overview
The property at 242 West 27th Street is a seven-story, 17,500-square-foot mixed-use building featuring both office and retail spaces. It is located in Chelsea, directly across from the Fashion Institute of Technology’s main campus. The building includes 1,000 square feet of fully-leased retail space, which generates income through 2034. Additionally, there are 16,500 square feet of office space, with 8,600 square feet currently vacant and 2,600 square feet under month-to-month leases, presenting opportunities for increased income through new leasing at market rates. The building has 25 feet of frontage and visibility along 27th Street. It benefits from transit access, with proximity to the 1, 2, 3, A, C, and E subway lines and Penn Station.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Brooks Pilates
Gym & Fitness Center
New York City ...
Interior Design
Sound by Singer
Electronics & Wireless Store
Sip Coffee
Cafe & Coffee Shop
Bryan Zelnik Architect, ...
Architect
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9958
- Latitude
- 40.7474
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Seven-story mixed-use building in Chelsea with retail and office space.
Where is this mixed-use property located?
The property is located at 242 W 27th St New York, NY.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Prime Chelsea location directly across from the Fashion Institute of Technology.; Significant upside potential through leasing 8,600 square feet of vacant office space and 2,600 square feet on month‑to‑month leases at market rents.; Stable income from 1,000 square feet of fully‑leased retail through 2034.
