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548 W 28th StNew York, NY 10001
548 West 28th Street
Asset ClassOffice
# Stories: 6Rentable SF: 124,772Access Data Room
overview of deal

Overview

Avison Young, as the exclusive agent, is pleased to present for sale 548 West 28th Street (the “Property”), a commercial loft building with block-through frontage in the heart of West Chelsea. The Property comprises 124,772 rentable square feet across a six-story office building. Situated within the West Chelsea Historic District, the Property offers a rare opportunity for investors, developers, and users alike to acquire a uniquely flexible asset with significant in-place income, value-add potential, and long-term redevelopment optionality.

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Investment Highlights

Multiple Strategies

  • Attractive to investors, users, and developers for a residential conversion or redevelopment

Stabilized Income with Upside

  • 93% occupied and a WALT of 2.4 years, offering stable cash flow and near-term rollover upside

Dual Access

  • Block-through frontage with curb cut, dual access and visibility from both West 27th Street and West 28th Street

Frontage

  • 100-feet frontage on W 28th Street and 75 feet on W 27th Street

Development Optionality

  • Flexible zoning allows for a residential conversion or redevelopment

Diverse Tenancy

  • The unique commercial loft is home to 50+ tenants of various sizes
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548 W 28th StNew York, NY 10001

For more information, please contact:

Erik Edeen Principal – US Investment Sales(212) 729-7402erik.edeen@avisonyoung.com
James NelsonPrincipal - Head of US Investment Sales(212) 729-6585james.nelson@avisonyoung.com

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