Related’s Stephen Ross and 507 West 27th Street

Related Companies has bought a scrapyard along the High Line for $65 million, city records filed today show. The property is comprised of two lots located at 507 West 27th Street and 514 West 28th Street between Tenth and Eleventh avenues. At 17,275 square feet and 14,800 square feet, respectively, the two lots have a combined maximum floor-to-area ratio of 241,204 square feet, making them a ripe prospect for residential or commercial development…. [more]