Deregulated Mixed-Use
For Sale
Contact for pricing
Pending
212 E 29th St, New York, NY 10016
Mixed-use building with 13 apartments and 2 retail stores, featuring 11 deregulated residential units.
Property SizeContact for details
Days on Market81
Property Features for 212 E 29th St
General Information
Standard status
Pending
Property subtype
Mixed Use
Additional Details
Cap Rate
6.58%
Multifamily Units
13
Listing Agency:
Newmark - New York Headquarters
Listed By:
Tyler Signora · License #NY
Source:
Crexi
Added: Jun 17
Changed: Sep 4
Last Checked: Sep 1 at 7:47AM
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 Newmark - New York Headquarters
Investment Insights
Based on property information with market context.
This mixed-use property is comprised of 13 apartments and 2 retail stores. Eleven of the 13 residential units are deregulated, giving the next owner additional flexibility based on the property’s current regulatory status.
Located at 212 East 29th Street in Manhattan’s Kips Bay, the building sits between Third and Second Avenue. The property provides immediate access to the 6 train and multiple bus lines, with close proximity to Midtown South, No Mad, and Gramercy. The area is described as anchored by NYU Langone Medical Center and surrounded by a mix of residential density, retail, restaurants, and neighborhood services.
For investors or operators looking for a core Manhattan asset with both residential and street-level retail components, this structure offers an in-place tenant mix across apartments and retail. The offering is presented at a 6.58% cap rate at the asking price, and the high share of free-market units is a key characteristic of the building’s current profile.
Located at 212 East 29th Street in Manhattan’s Kips Bay, the building sits between Third and Second Avenue. The property provides immediate access to the 6 train and multiple bus lines, with close proximity to Midtown South, No Mad, and Gramercy. The area is described as anchored by NYU Langone Medical Center and surrounded by a mix of residential density, retail, restaurants, and neighborhood services.
For investors or operators looking for a core Manhattan asset with both residential and street-level retail components, this structure offers an in-place tenant mix across apartments and retail. The offering is presented at a 6.58% cap rate at the asking price, and the high share of free-market units is a key characteristic of the building’s current profile.
Key Highlights
- Mixed‑use building at 212 East 29th Street with 13 apartments and 2 retail stores
- 11 of 13 residential units are deregulated
- Deregulated unit mix may provide flexibility for rental growth
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
47,365
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with 13 apartments and 2 retail stores, featuring 11 deregulated residential units.
Where is this mixed-use property located?
The property is located at 212 E 29th St New York, NY.
What are key features of this property?
This property features: Mixed‑use building at 212 East 29th Street with 13 apartments and 2 retail stores; 11 of 13 residential units are deregulated; Deregulated unit mix may provide flexibility for rental growth
