Delivered Majority Vacant:

544 West 27th Street will be delivered majority vacant with only 12,500 square feet of the total 30,000 square feet occupied (41% occupancy). Furthermore, of the 3 currently occupied units, one lease is month to month, while the other two leases expire 7/2026 and 8/2026, generating a weighted average lease term of 1.14 and a pathway to enact new leases shortly after takeover.

Market Rent Upside:

Current rents at the property average $32.64 per square foot. Chelsea market rents average $64.00 per square foot, offering significant market leasing upside.

Prime Location:

Located in Chelsea, 544 West 27th is nearby to the 7, A, C, and E MTA lines, as well as a short distance from Penn Station, offering seamless connectivity across Manhattan and the greater New York Metropolitan area. The property is also a 5-minute walk from Hudson Yards, offering countless retail and dining options.