515 W 27th St
New York, NY 10001
Commerce de détail Propriété À vendre

Meridian Investment Sales is pleased to exclusively offer for sale 515 West 27th Street, a single-story commercial building at the nexus of West Chelsea and Hudson Yards with a maximum as-of right buildable of 12,345 square feet. Most recently used as an art gallery and delivered 100% vacant, 515 West 27th Street is a unique opportunity for continued use as a 2,465 square foot retail building or redevelopment to a boutique luxury 12,345 square foot development. With protected light/air on both sides and adjacent to the prominent Zaha Hadid building, 515 West 27th Street is a unique and exceptionally well located development or retail site.
Located in the forgiving C6-3 zoning district and Special West Chelsea District in Subarea B, 515 West 27th Street can be developed into a boutique multistory flagship retail, office, or residential development. This luxurious, serene neighborhood continues to attract celebrities and professionals that enjoy the combination of international retailers and restaurants and boutique art galleries and tree-lined streets. With the ongoing development and construction in Hudson Yards, the area continues to be flooded by tourists and new, exuberant residents. As a result, this is an excellent opportunity for investors to acquire one of the last remaining commercial buildings with all development rights intact and capitalize on the area demographics that are prime for both retailers and developers.
The site is also located just steps from The High Line, a former freight rail line, that has since been converted to a park and attracts over 7.5 million annual visitors. In addition,
the site is well located near The Related Companies' ongoing development in Hudson Yards. As a result of the prime location of 515 West 27th Street, the building is extremely well trafficked by the influx of tourists to the area. A microcosm of the ongoing successful developments in the area, the Jardim at 527 West 27th and Zaha Hadid building at 520 West 28th Street has achieved sellouts for an average of over $2,500 and $3,500 per square foot, respectively. Overall, 515 West 27th Street presents a rare opportunity to acquire a prime development site or retail building at the nexus of Manhattan’s most exclusive and hottest areas.