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    Property profile & analytics
    OFF-MARKET Estimated value $2,150,000
    Parking lots & garages

    520 27th Stpk1, New York, NY 10001-5533

    192 SF Built 2006
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US63-2403956
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Jungle City Studios NYC Recording Studio
    • Beats1 Radio Radio Station Telecommunications Service
    • Marco Polo International Factory Production Facility
    • Admerasia Marketing & Advertising Advertising Agency
    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
    Lumi Holdings LLC · 2 yrs held
    Lumi Holdings LLC
    since 2024
    Last sale
    $2.2M
    2 recorded transactions
    2024
    $2.2M
    2015
    $3.2M
    Zoning & alternative use
    M1-5 · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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