The Property is well-located in the Chelsea Art District. Not only is this one of the most desirable neighborhoods in Manhattan but it is also in very close proximity to some of New York’s most iconic buildings and exciting development projects. Madison Square Garden, Penn Station, Moynihan Station and The High Line can all be reached within a 5 to 10 minute walk. Additionally, The Empire State Building and the plethora of developments at the Hudson Yards can be reached within a 15 minute walk. The Property also benefits from exceptional accessibility to public transportation. Penn Station services the A, C, E, 1, 2, 3, NJ Transit, the Long Island Rail Road, NJ Path and Amtrak. The 1 train also has a stop less than a block away at the intersection of West 28th Street and Seventh Avenue.