Five-Story Mixed-Use
For Sale
Contact for pricing
29 E 21ST ST, New York, NY 10010
Elevator-served property combines occupied street-level retail with vacant upper-floor office space.
Property Size14,032 SF
Price / SF$623.57
Days on Market93
Property Features for 29 E 21ST ST
General Information
Standard status
Active
Size
14,032 SF
Net Rentable
14,032 SF
Class
B
Elevators
Yes
Property subtype
Retail, Office
Zoning
M1-5M
Occupancy
19%
Lease Type
Modified Gross
Investment Type
Value Add
Additional Details
Office Units
4
Building Details
Year Built
1925
Year Renovated
2025
Buildings
1
Stories
5
Units
5
Tenancy
Multi
Building Size
14,032 SF
Listing Agency:
Avison Young
Listed By:
Alex Woodlief · License #NY 10401244880
(646) 933-2677
Source:
Crexi
Added: Jul 15
Changed: Oct 5
Last Checked: Oct 14 at 11:49PM
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 Avison Young
Investment Insights
Based on property information with market context.
Built in 1925, this 5-story, 14,032 RSF mixed-use building is 25 feet wide and equipped with an elevator. The ground level contains retail space, while four floor-through office units occupy the levels above. The upper offices are scheduled for vacant delivery, creating flexibility for an owner-user or an investor evaluating residential conversion, as expressly noted in the property information.
The property is located at 29 E 21st Street in New York, between Broadway and Park Avenue South in the Flatiron District. The retail component is leased through 2029 to Tend, a dental company. The building carries M1-5M zoning and combines a stabilized street-facing commercial component with separately configured office floors.
The property is located at 29 E 21st Street in New York, between Broadway and Park Avenue South in the Flatiron District. The retail component is leased through 2029 to Tend, a dental company. The building carries M1-5M zoning and combines a stabilized street-facing commercial component with separately configured office floors.
Key Highlights
- 5‑story, 14,032 RSF mixed‑use property
- 25‑foot‑wide commercial building with elevator service
- Ground‑floor retail space leased through 2029 to Tend
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$447,270
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,945,400
$8.9M
Cap Rate 7%
$6,389,571
$6.4M
Cap Rate 9%
$4,969,667
$5.0M
Market Conditions
NOI Build-Up for 14,032 SF
Gross rent
$841.9K $60.00/SF
− Vacancy
−$126.3K −$9.00/SF
EGI
$715.6K $51.00/SF
− OpEx
−$268.4K −$19.13/SF
NOI
$447.3K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,945,400
Cap Rate 7%
$6,389,571
Cap Rate 9%
$4,969,667
Alternative Uses
Best Use
Retail
$28.21M
$24.68M – $32.91M
NOI $1,974,647 @ 7.0% cap · market cap 22.57%
Second Best
Mixed Use
$6.39M
$5.59M – $7.45M
NOI $447,270 @ 7.0% cap · market cap 5.11%
Theoretical Best
Specialty Retail
$34.93M
$30.56M – $40.75M
NOI $2,444,936 @ 7.0% cap · market cap 27.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
51,791
Businesses Nearby
Explore this area
Business Placement
Demographics for 10010, NY
33,991
Population
19,014
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
84,978
Density / Sq Mi
$156,127
Median Household Income
$109,691
Median Earnings
$3,113
Median Rent
$1,037,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Elevator-served property combines occupied street-level retail with vacant upper-floor office space.
Where is this mixed-use property located?
The property is located at 29 E 21ST ST New York, NY.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: 5‑story, 14,032 RSF mixed‑use property; 25‑foot‑wide commercial building with elevator service; Ground‑floor retail space leased through 2029 to Tend
