242 W 27th St, New York, NY

Listing office Walter & Samuels, Inc. Show Phone

Listing date Aug 11, 2025

Source Moodyscre

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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.

Suggested Use

Pet Grooming Service Adult Day Care Buffet (Bike/Boat/Book/etc) Store Nursing Home Restaurant Restaurant Restaurant Restaurant Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

New York

County

New York

State

New York

Longitude

-73.9958

Latitude

40.7474

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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.