Midtown Manhattan Office
For Lease
$39 SF/Yr
245 West 29th Street, New York, NY 10001
17-story office building in Chelsea neighborhood with convenient transportation.
Space SizeContact for details
Property Size8,760 SF
Days on Market139
Property Features for 245 West 29th Street
General Information
Standard status
Active
Size
8,760 SF
Property subtype
Office
Listing Agency:
CBRE | Midtown Manhattan
(212) 984-7117
Listed By:
Paul Walker
(212) 984-7117
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Aug 9 at 10:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Midtown Manhattan
Investment Insights
Based on property information with market context.
Constructed in 1929, this 17-story office building is situated in Midtown Manhattan’s Chelsea neighborhood. The building provides a total rentable area of 99,588 square feet, with typical floor plate sizes ranging between 2,200 and 8,610 rentable square feet. Designed by architect Julius Eckman, the building is Energy Star certified. The office space features concrete floors and abundant natural light, with 24-hour building access and street-level retail stores. The building's design and lighting are suitable for creative ventures. The location offers proximity to restaurants, hotels, retail stores, shopping malls, and Madison Square Garden. Penn Station is nearby, providing access to commuter trains throughout New York and New Jersey. Subway stations serving lines 1, 2, A, C, E, R, and W are also located close to the building. Local parking garages offer parking for tenants and guests.
Key Highlights
- Prime Midtown Manhattan location in Chelsea, close to numerous amenities.
- Convenient access to transportation via Penn Station and multiple subway lines (1, 2, A, C, E, R, W).
- 24‑hour building access.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.85 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
62,020
Businesses Nearby
Explore this area
Business Placement
Demographics for 10001, NY
32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value
Market
Lease Benchmarks for New York, NY
$64.2 /SF/Yr
Avg Asking Price
$37–$165 /SF/Yr
Price Range
34,730 SF
Avg Space Size
This space is priced 39% below the average of $64.2 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 17-story office building in Chelsea neighborhood with convenient transportation.
Where is this office building located?
The property is located at 245 West 29th Street New York, NY.
What is the lease rate?
The lease rate is $39 SF/Yr.
What are key features of this property?
This property features: Prime Midtown Manhattan location in Chelsea, close to numerous amenities.; Convenient access to transportation via Penn Station and multiple subway lines (1, 2, A, C, E, R, W).; 24‑hour building access.
