212 East 29th Street, New York City, NY 10016

Listing agent Justin Zetichik License #10401263680

Listing office IPRG Investment Property Realty Group

Listing date Jun 5, 2026

Source Crexi

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Overview

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.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

New York City

County

New York

State

New York

Longitude

-73.9796055

Latitude

40.7421483

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FAQs

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 East 29th Street New York City, NY.

What is the asking price?

The asking price for this property is $10,200,000.

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