Tavros
27w24

REPOSITIONING:
27 WEST 24TH

www.27west24.com

Located in the heart of the booming Midtown South office submarket and at the confluence of three of Downtown Manhattan’s most desirable neighborhoods: Chelsea, the Flatiron District, and Madison Square Park, 27 West 24th Street is an 11-story 129,000 rentable square foot mixed-use office and retail building.

The property features 100 feet of frontage on West 24th Street along with minimum 12 foot high ceilings on every floor, providing ample light and air throughout the building. The typical office floor plate is approximately 11,000 rentable square feet, which is ideally suited for the targeted tenant demographic of media and tech-oriented firms.

A $5.0MM strategic capital improvement program included:

  • New lobby
  • Exclusive tenant only western entrance that will create a boutique Class-A office feel
  • New telecom risers for enhanced Internet connectivity
  • Renovated restrooms, elevator, and other building systems
  • The Property is steps from the N, R, F, M, C, E, 1, and 6 subway lines and the PATH, providing easy access to and from anywhere in New York City

Tavros Capital Partners partnered with the Kaufman Organization, Lubert Adler, and Pan Brothers Associates to acquire the property in December 2012. The partnership sold this property in February 2015 after completing the planned repositioning.

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