Property profile

544 27Th St New York, NY 10001

OFF-MARKET
Restaurants
30,000 SF
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Property summary

AI-generated overview

This exceptional West Chelsea property, located at 544 W 27th St (cross street: 10th Ave), presents a rare opportunity for a vibrant bar, restaurant, or nightclub. The 30,000 square foot building sits on a 6,500 square foot lot and is zoned M1-5 in New York County. Currently, a single space of 2,500 to 5,000 square feet is available for lease within a multi-tenant building. The space boasts a dramatic design and is fully equipped with a functioning kitchen and ventilation system, ready for immediate occupancy. Importantly, the existing liquor license permits live music, DJ performances, and dancing, offering significant potential for a dynamic entertainment venue. The property is serviced by Con Edison power. While there is no on-site parking, the convenient location in West Chelsea provides easy access to public transportation and ample street parking options. This turnkey operation presents an exciting chance to establish or expand a thriving business in a high-demand area of Manhattan. The minimum leasable space is 2,500 square feet. This is a truly unique opportunity in a vibrant and sought-after neighborhood.

Property profile

Verified
Property type Restaurants
Total area 30,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Renovation Specialist
  • Factory Textile Manufacturer
  • Publishing House
  • Security Service

Location

544 27Th St New York, NY 10001
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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