NEARBY KEY LANDMARKS:

242 West 27th Street is located directly across the street from the Fashion Institute of Technology’s main campus, driving leasing demand.

STABLE RETAIL INCOME:

The retail portion of the property is 100% occupied with a market lease in place until 2034,

generating consistent retail revenue while eliminating retail lease-up risk.

RESIDENTIAL/DORMITORY CONVERSION POTENTIAL:

Currently zoned C6-2A, the property has an R8A equivalent zoning - allowing for a basic residential FAR of 6.02 or inclusionary residential FAR of 7.20. In conjunction with new City of Yes ordinances, 242 West 27th provides investors with an as-of-right residential or dormitory conversion opportunity.

TRANSPORTATION ACCESS:

Nearby access to the 1, 2, 3, A, C, and E subway lines, as well as Penn Station, offering

seamless connectivity to the greater New York City metropolitan area.