A cafe currently operates at this address, demonstrating the significant customer capture from the thousands of students, faculty, and locals who frequent the immediate area . The building features 25 feet of valuable frontage on West 27th Street, resulting in excellent visibility from this local anchor institution, which bolsters demand for the property . It offers seamless connectivity to major subway lines (1, 2, 3, A, C, E) and is a short walk from Penn Station, one of New York’s busiest transit hubs .
Key Features
- Asking Rent: $20,000 / month
- Available Space: 1,100 SF
- Property Type: Ground-Floor Retail / Commercial Space
- Lease Type: Direct Lease
- Building Class: Class B
- Year Built: 1927
- Stories: 7 Stories; Mixed-Use Building
- Frontage: 25 feet of frontage on West 27th Street with high visibility
- Layout: Open, flexible floorplan suitable for retail, cafe, or showroom use
- Condition: Available for tenant fit-out and branding
- Neighborhood Highlights: Located in Chelsea, directly across from FIT, with access to the High Line, Chelsea Art District, and major transit hubs
Neighborhood Highlights
Located directly across from the Fashion Institute of Technology’s main campus, 242 West 27th Street places your business in a high-traffic corridor with consistent daily demand . The immediate area is a dense mix of residential buildings, creative industry offices, art galleries, and design studios, fostering a bustling and active community .
The neighborhood is rich with cultural landmarks, including the High Line, Chelsea Market, and the Whitney Museum, all within walking distance. The property is also a short walk from Penn Station, a major transportation hub servicing over 600,000 daily passengers .
Transportation is exceptionally well-served, with the 1, 2, 3, A, C, and E subway lines nearby, and Penn Station providing access to NJ Transit, LIRR, Amtrak, and the PATH train .
Summary
The 1,100 SF retail storefront at 242 West 27th Street, New York, NY 10001, is available for $20,000 per month under a direct lease. With its prime Chelsea address, excellent street-level visibility, direct proximity to the Fashion Institute of Technology, and unparalleled access to public transit, this property represents a compelling opportunity for a retailer, cafe, or brand seeking a high-profile home in one of Manhattan’s most vibrant neighborhoods.
