158 West 27 Street, acquired in 2007, is located between Sixth and Seventh Avenues in the Chelsea section of Manhattan’s Midtown South submarket. The 12-story office and retail building contains 123,294 square feet with 88 feet of frontage on West 27 Street. Designed by Browne & Almiroty in 1913, the property’s façade features ornate geometric brick details and expansive windows. Interiors feature abundant natural light, hardwood floors and high ceilings that are 15 feet on the retail level and range from 11 feet to 13 feet on the office floors. Floor plates of 9,661 square feet are ideal for small to mid-size firms requiring the prestige and security of full-floor occupancy.

An extensive capital improvement program included new elevators, lot line windows, air-conditioning systems, bathrooms and security/fire/life safety systems.In 2008, and a new retail tenant will be signed consistent with the neighborhood’s dramatic evolution.

Property Group Partners recognizes this location between Sixth and Seventh Avenues in the Chelsea section of Manhattan as an area that is undergoing a transformation from loft to office usage. With its experience in purchasing and upgrading buildings, the company has begun an extensive capital improvement program including new elevators, lot line windows, air-conditioning systems, bathrooms and security/fire/life safety systems. The Property Group is a responsive on-site owner and manager, and 158 West 27 Street is meticulously maintained to insure its long-term investment value.