Property profile

520 27th Stpk1 New York, NY 10001

OFF-MARKET
Parking lots & garages
Property ID
US63-2403956
192 SF Built 2006
Entity Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,782-square-foot executive office condominium presents a unique investment opportunity in the heart of Chelsea, Manhattan. Located within a prestigious 11-story, 2008-built building (92,000 square feet total), this unit boasts a stunning, recently renovated design. High ceilings and expansive floor-to-ceiling windows on two sides bathe the space in natural light, offering dramatic northern and southern views overlooking the High Line, Hudson River, and Zaha Hadid Building. The sophisticated layout includes beautiful wood floors, high exposed ceilings, and two private bathrooms. A large private terrace adds to the appeal. The unit also includes a dedicated parking space in the building's secure, private underground garage, accessible via a private elevator for enhanced security and privacy. The building features a shared fifth-floor outdoor terrace. This prime location places you in the vibrant center of Chelsea's art and gallery scene, near the High Line, Hudson Yards, Chelsea Market, and Madison Square Garden. The adjacent Selina Chelsea Hotel offers convenient restaurant and rooftop bar access with panoramic city views. The asking price is $2,950,000, translating to $1,060.39 per square foot. This is a rare chance to acquire a high-end, meticulously designed office space in one of Manhattan's most desirable neighborhoods.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 2006
Total area 192 SF
Zoning code M1-5
APN 00698-1001
UPID US63-2403956

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
  • Recording Studio
  • Radio Station Telecommunications Service
  • Factory Production Facility
  • Marketing & Advertising Advertising Agency

Location

520 27th Stpk1 New York, NY 10001-5533
New York metro Census 9902 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.15M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.70M
Blend (final) Blend
$2.15M

Owner & transaction history

since 2024
Last sale
$2.2M
2 recorded transactions
2024
$2.2M
2015
$3.2M

Zoning & alternative use

M1-5 · New York, NY

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 520 27th Stpk1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message