Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    146 29Th St New York, NY 10001

    • Office Properties & Spaces
    • 2,850 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Mass / Website Designer
    • GSI Studios / Recording Studio
    • Done & Dusted Inc / Video Production Service
    • Wisdom Health / Medical Center
    • RPO Inc / Construction Company

    Property Details for 146 29Th St

    Property size
    2,850 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This stunning 2,850-square-foot medical office space is located in a prime New York City location at 146 W 29th St, New York, NY 10001, within New York County. The single-tenant space boasts a desirable corner unit configuration with two walls of oversized windows, providing abundant natural light and open views. The high exposed ceilings contribute to a spacious and airy atmosphere. The layout is flexible and can be customized to meet the specific needs of a new tenant. The building features a fully attended lobby, adding to the professional and secure environment. A significant advantage is the landlord's commitment to a stylish, modern build-out for the incoming tenant, ensuring a move-in ready space. This exceptional opportunity is priced competitively at $45 per square foot. This chic, sun-filled loft/office/showroom space presents an unparalleled chance to establish a thriving medical practice in a highly sought-after Manhattan location. Don't miss this chance to secure this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9922
    Latitude
    40.7474

    Comparable in this City

    • Value Estimation by Request
      10,061 SF

      777 6Th Ave

      Medical offices • 10,061 SF
      777 6Th Ave, New York, NY 10001
      View Details
    • Value Estimation by Request
      30,000 SF

      544 27Th St

      Individual retail properties • 30,000 SF
      544 27Th St, New York, NY 10001
      View Details
    • Value Estimation by Request

      133 25Th St

      Office space
      133 25Th St, New York, NY 10001
      View Details
    • Value Estimation by Request

      109 25Th St

      Restaurants
      109 25Th St, New York, NY 10001
      View Details
    • Value Estimation by Request
      13,200 SF

      224 5Th Ave

      Medical offices • 13,200 SF
      224 5Th Ave, New York, NY 10001
      View Details
    • Value Estimation by Request
      92,037 SF

      147 35Th St

      Office space • 92,037 SF
      147 35Th St, New York, NY 10001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,400 SF

      Midtown Manhattan Medical Office Space

      Prime Medical Office, NYC, Vacant
      18 33Rd St, New York, NY 10001
      View Details
    • $5,600,000
      8,000 SF

      Prime NYC Executive Office Space

      Luxury 8,000 SF Penthouse Loft, $5.6M
      134 26Th St, New York, NY 10001
      View Details
    • $5,950,000
      3,270 SF

      Prime NYC Penthouse Office Space

      10,000 SF, Divisible, Vacant
      134 29Th St, New York, NY 10001
      View Details
    • $16,500,000
      10,595 SF

      NoMad Office Building Investment

      Prime NoMad location, 10,595 SF, redevelopment potential.
      3 30Th St, New York, NY 10001
      View Details
    • $2,970,000
      6,000 SF

      Prime NYC Office Space - 28 W 27th St

      6,000 SF Vacant Office, $2.97M
      28 27Th St, New York, NY 10001
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      92,037 SF

      Midtown Manhattan Office Space

      Prime Garment District location, flexible suites available.
      147 35Th St, New York, NY 10001
      View Details
    • Contact for pricing
      10,061 SF

      Prime Midtown Medical Office Space

      NYC Medical Office Suites Available Now
      777 6Th Ave, New York, NY 10001
      View Details
    • Contact for pricing
      9,000 SF

      Prime Midtown Medical Office Space

      NYC Medical Office Suites Available Now
      140 34Th St, New York, NY 10001
      View Details
    • $85 SF/Yr
      4,800 SF

      Chelsea Office Space: 3 Floors Available

      Prime Manhattan location, 850 sq ft floors.
      297 7Th Ave, New York, NY 10001
      View Details
    • Contact for pricing
      1,850 SF

      Retail/Medical Space Near NYU Hospital

      Retail or medical space in dense residential neighborhood.
      237 E 34Th St, New York, NY 10001
      View Details
    • Contact for pricing
      6,946 SF

      Medical Arts Center Office Space

      Medical office space available in the Medical Arts Center.
      317 E 34Th St, New York, NY 10001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    146 29Th St
    New York, NY 10001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.