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NEW YORK CITY-A High Line District loft building, offering commercial, retail and/or hotel uses situated at 530-542 W. 27th St., is on the market for sale with an asking price of $54 million. The site is occupied by a six-story building of approximately 90,000 sf, with 150-plus feet of frontage on 27th Street.

Locally based Eastern Consolidated’s Brian Ezratty, vice chairman, with Scott Ellard, director of the financial services group, is spearheading the marketing initiative for the sale. The first floor has 13,344 sf of rentable space and the remaining floors, the second through the sixth, have rear setbacks that result in up to 14,327 sf of rentable space per floor. Eastern Consolidated did not respond to GlobeSt.com’s queries by deadline. According to records, Rob Wootton was the landlord of the building.

Ezratty notes that the first and second floors are configured with a 6,510-sf mezzanine, which offers “a commanding view of the lower level, ideal for a main entrance to either a commercial space or grand hotel lobby.” He continues that “in addition, the building’s spaces could easily divide into commercial condominiums or be redeveloped for a single user.”

Ellard says in a prepared statement that “the High Line continues to have a distinctive cache. We are already seeing tremendous interest in this property from both local and foreign investors, as well as developers and end-users not only due to its strategic location but because of the multiple uses for which it is zoned.”

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