MW Toledo Holding Corp. Acquires Retail Property At 547 West 27th Street For $38.2M
547 West 27th Street
$38,200,000
$393/SF
Building Size
97,200 SF
Asset Type
Retail
Closing
Jun 17, 2026
AI
547 West 27th Street is a retail property located in Manhattan's Chelsea neighborhood, featuring a total square footage of 97,200. The property was sold for $38.2 million, amounting to approximately $393 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $38,200,000
- Location: 547 West 27th Street
- Market: Chelsea, Manhattan
- Square Footage: 97,200
- Price Per Square Foot: $393
- Buyer: MW Toledo Holding Corp.
- Seller: James Y.A Pastreich
MW Toledo Holding Corp. has successfully acquired the retail property from James Y.A. Pastreich, marking a significant transaction in the Chelsea market.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93