Tenant Broker’s Perspective: office buildings being demolished or converted to residential are driving up rental prices at 158 West 27th Street. This trend is projected to continue. Opportunities for subleases remain available at 158 West 27th Street and in the nearby Chelsea neighborhood.
158 West 27th Street is a historic commercial building located in the Chelsea neighborhood of Midtown South Manhattan. Originally constructed in 1913, the building stands 12 stories tall and encompasses approximately 123,000 square feet of office and retail space.
Between 2012 and 2018, the property underwent an extensive and comprehensive renovation that modernized its infrastructure while preserving its classic early 20th-century character. This refurbishment enhanced both office and retail areas, resulting in a total usable floor space of about 118,074 square feet, with roughly 97,526 square feet dedicated to office use and 19,228 square feet reserved for retail.
Strategically located, the building benefits from excellent transportation connections. Penn Station, a major transit hub, is within a five-minute walk, and the 28th Street subway station is only two minutes away on foot. This prime location in Chelsea situates the building amid a vibrant and accessible Manhattan commercial district.
Address: 158 West 27th Street, New York, NY 10001
Year built: 1913 (comprehensively refurbished in 2018)
Building class: Office with Commercial 7-19 Stories (O6)
Total usable floor space: 10,970 m² (118,074 sq ft)
Office space: 9,060 m² (97,526 sq ft)
Retail space: 1,786 m² (19,228 sq ft)
Stories: 12
Lot size: 8,305 sq ft (0.19 acre)
2019 purchase price: $99,350,000
Transportation: Penn Station (5-min walk), 28th St subway (2-min walk)
Features: Bike storage, fitness center, private terrace (residential amenities)
Building Amenities at 158 W 27th St, Manhattan, NYC
Bike Storage
Resident Lounge with Wi-Fi
Resident Social Events
On-site Management
24-hour Concierge
Fitness Center
Valet Parking
Dry Cleaning Service
Private Terrace
In-unit Washer/Dryer
Dishwasher
Hardwood Floors
Microwave
Security System
Intercom
Disposal
Oven
Refrigerator
Freezer
Internet Providers
Verizon Fios - Fiber, speeds up to 2.3 Gbps
Astound Broadband Powered by RCN - Cable and fiber, unlimited data
Spectrum - Fiber, speeds up to 1 Gbps
Zayo - Fiber assets nearby, speeds from 10 Mbps to 100 Gbps
158 W 27th St, Manhattan, NYC
This historic building, constructed in 1913 and comprehensively refurbished between 2012 and 2018, is located in the vibrant Chelsea sub-market of Midtown South, Manhattan. It offers both office and retail spaces across its 12 stories.
While specific details about current tenants are not readily available, the building's proximity to major transportation hubs like Penn Station (a five-minute walk) and the nearest subway station at 28th Street (a two-minute walk) makes it an attractive location for businesses.
Year Built: 1913
Renovations: Extensively renovated between 2012 and 2018.
Building Class: Class B building
Total Floor Area: Approximately 108,000 square feet (or 10,000 square meters)
Office Space: About 97,526 square feet (approximately 9,060 square meters)
Retail Space: Approximately 19,228 square feet (around 1,786 square meters)
Historically, the building was acquired by Stephen Meringoff and Leslie Himmel in 2010 for $25 million. They invested in significant renovations before selling it to Emmes Asset Management in 2013 for $57.5 million.
Internet Providers at 158 W 27th St, Manhattan, NYC
The following internet providers are available at 158 W 27th St, offering a range of high-speed options including fiber and cable:
Verizon Fios: Fiber internet with speeds up to 2.3 Gbps. Known for reliable service and customer satisfaction. Plans start at $49.99.
Astound Broadband Powered by RCN: Provides cable and fiber services with unlimited data usage. Competitive pricing with plans starting at $20.
Spectrum: Offers cable and fiber internet with speeds up to 1 Gbps. Fiber-rich plans start at $30 and include bundle options.
Additionally, fiber connectivity is supported by nearby Zayo fiber assets, capable of delivering speeds ranging from 10 Mbps to 100 Gbps.
158 West 27th Street, Manhattan, NYC - Transportation and Cross Streets
158 West 27th Street is located in the Chelsea sub-market of Midtown South Manhattan, with excellent transportation access.
Nearby Subway Stations
28th Street Station (2-minute walk) serving lines 1, 2, 3, 7, A, C, E
34th Street–Penn Station (approximately 5-minute walk), a major transit hub
Other nearby stations: 23rd Street and 7th Avenue, W 26th St & 7th Ave
Bus Routes Serving the Area
BXM4
M55
M7
Q32
QM12
M20
M23-SBS
Train Services Nearby
Empire Service
Acela Express
Adirondack
Port Jefferson Branch
Other regional Amtrak and commuter trains accessible via Penn Station
Cross Streets
158 West 27th Street is situated between 6th Avenue and 7th Avenue on West 27th Street.
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About Optimal Spaces Optimal Spaces are Tenant Brokers, only representing commercial tenants, not owners or landlords. By contrast, managing agents and most commercial brokers are "landlord agents" representing the interest of owners. Their goal is to market and lease their clients' properties with the best possible terms for the owners. Thus, they will neither show you as broad a selection nor push to get the best price, since their loyalty is to the Landlord. An Optimal Spaces agent will show you a broader range of properties and offer you a broader range of important services than a managing agent or commercial broker will. We will provide you with a market survey, floor plans, pricing expectations , and access to our rolodex: Optimal Spaces walks you through the process from start to finish. Upon entering your new space, it will look the way you want, all at the price you agreed to spend. In addition to negotiating the best price, we will reveal and abate many "hidden costs" to you. We will show you all the relevant available spaces and safeguard your interests throughout the process. Because of tour costs to provide these services, we ask in exchange that clients sign an Exclusive Brokerage Agreement. This allows us to plan appropriately for assisting you with every step of the process.
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