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    212 W 29Th St New York, NY 10016

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    For Sale
    Contact for pricing

    Vacant land in prime Chelsea location with flexible zoning.

    Property size:
    9,212 SF
    Lot size:
    0.06 Acres

    Property Features for 212 W 29Th St

    General Information

    Size
    9,212 SF
    Lot size
    0.06 Acres

    Source: BKREA Agent Bob Knakal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chelsea Land with Development Potential

    This vacant land is located in Chelsea, offering convenient access to major employment hubs and various residential, cultural, and lifestyle amenities in New York City. The site benefits from its proximity to the 1 train at 28th Street and Seventh Avenue, with the R, W, B, D, F, M, N, Q, and PATH lines within walking distance, providing exceptional citywide connectivity. The existing M1-6D zoning allows for residential, commercial, and community facility uses. The site is located within the proposed Midtown South rezoning area, which could significantly increase the allowable FAR. The existing M1-6D zoning, along with the potential rezoning to M1-8A/R12, allows for residential, office, hotel, or mixed-use development. Given the small nature of the site, it may attract outer borough developers and first-time developers looking to make a splash in Manhattan without the risks of a larger-scale project. The property has a size of 9212 square feet and will be delivered vacant, allowing for immediate demolition.
    Insight Report Location Intelligence

    Current Use by Public Records

    LSMFT THEATRE GROUP ... Theater Company East 29th Street ... Laundromat Vfandi.com - Software Online ... Appliance Store A B Capital Corporation Financial Planner Fausto Shoe Repair Shoe Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9796055
    Latitude
    40.7421483

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    FAQs

    What type of property is this?
    Commercial land - Vacant land in prime Chelsea location with flexible zoning.
    Where is this commercial land located?
    The property is located at 212 W 29Th St New York, NY.
    What are key features of this property?
    This property features: - Prime Chelsea Location: Enjoy easy access to employment, residential, cultural, and lifestyle amenities.; - Flexible Zoning/Rezoning Potential: Current M1-6D zoning allows multiple uses; explore potential rezoning to M1-8A/R12 for increased FAR.; - Vacant Possession: Site is delivered vacant, ready for immediate demolition and development.
    (917) 509-9501
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    212 W 29Th St New York, NY 10016
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    New York, NY 10016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    212 W 29Th St New York, NY 10016
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