553 West 27 Street
Chelsea, Manhattan
Parcel ID (BBL): 1006990005
Owner: Jpmorgan Chase
Acquired: June 25, 2026, $38.2 million
Debt: September 08, 2021, $5 million
Built: 1900
Renovated: 1984
SF: 97,200
Dwelling units: 0
No. of buildings: 1
Class: Two Story or Store and Office (K2)
Floors: 6
Transactions:
• Pinetree Group sold 547 West 27th Street, Chelsea, Manhattan for $38.2 million to JPMorgan Chase on June 25, 2026.
• Pinetree Group borrowed $5 million from W Financial for 547 West 27th Street, Chelsea, Manhattan on September 08, 2021.
Development:
• Jim Pastreich filed major alteration job M00602023 for 7,500 sqft M building with 0 apartments in Chelsea, Manhattan, on November 03, 2021.
• James Pastreich filed major alteration job 103986108 for E building in Chelsea, Manhattan, on December 03, 2004.
• Jim Pastreich filed alteration job M01233593 for 1,000 sqft E building with 0 apartments in Chelsea, Manhattan, on August 04, 2025.
• Jim Pastreich filed alteration job M01144894 for 1,500 sqft B building with 0 apartments in Chelsea, Manhattan, on April 24, 2025.
• Jim Pastreich filed alteration job M01191692 for 6,748 sqft E building with 0 apartments in Chelsea, Manhattan, on April 16, 2025.
• Jim Pastreich filed alteration job M01181813 for 4,222 sqft E building with 0 apartments in Chelsea, Manhattan, on March 20, 2025.
• Jim Pastreich filed alteration job M01119488 for 8,500 sqft E building with 0 apartments in Chelsea, Manhattan, on October 08, 2024.
Litigation:
• Pinetree Group and Yitzhak Pastreich on December 16, 2025, filed a $30 million bankruptcy 25-12819-pb for 547 West 27 Street that has creditor JPMorgan Chase.
• JPMorgan Chase filed a $30 million pre-foreclosure 850355/2024 on September 19, 2024, against Yitzhak Pastreich and Pinetree Group at 547 West 27 Street.
Violations:
According to city public data, the properties have received one DOB violation and $800 in OATH penalties in the last year.