Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    122 29Th St New York, NY 10001

    Sponsored
    For Sale
    Contact for pricing

    Prime Chelsea Location, High NOI

    Property size:
    8,985 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This meticulously maintained four-story mixed-use building at 122 W 29th St, New York, NY 10001, offers a compelling investment opportunity in the heart of Chelsea. The 8,985 square foot property sits on a 2,469 square foot lot and is zoned MI-6. The building features four units, providing a diverse range of rental spaces. The ground floor, a street-level retail store with a full basement, is currently vacant. The second floor, also commercial space, is currently occupied by a month-to-month tenant and will be delivered vacant. The third floor is a spacious commercial unit, also vacant and ready for a new tenant. The fourth floor presents a unique live/work opportunity. The front portion is a vacant commercial space with a skylight, while the rear features a newly renovated two-bedroom, two-bathroom apartment, also with a skylight. Each floor has separately metered utilities and individual heating systems. The building boasts a recently replaced roof (2018) and a strong net operating income (NOI) of $597,765. The vacant spaces on the third and fourth floors offer significant potential for increased income through strategic leasing. This property is well-suited for a variety of businesses and residential tenants, making it an ideal investment in a highly desirable location. The building's prime location and strong financial performance make it an attractive proposition for savvy investors seeking a high-return asset in a thriving New York City neighborhood.

    Property Features for 122 29Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,985 SF

    Building Details

    Stories
    4
    Units
    4

    HighLights

    • Ground floor: Vacant street‑level retail space with full basement.
    • Second floor: Vacant commercial space; current month‑to‑month tenant will vacate.
    • Third floor: Vacant spacious commercial unit.
    • Fourth floor: Vacant live/work space featuring a front commercial area and a renovated 2‑bed/2‑bath apartment.
    • Separately metered utilities on each floor.
    • Individual heating systems on each floor.
    Property Profile Location Intelligence

    Current Use by Public Records

    GCN Studio Formerly ... Recording Studio Manhattan Restaurant Supply Restaurant Supply Store Broadway Restaurant Supply ... Restaurant Supply Store Swivel Interactive Aerial Photographer Chelsea men spa Massage Spa

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9912488
    Latitude
    40.7469518

    Nearby Similar for Sale

    • $2,200,000
      0.09 Acres

      Updated Brick Duplex with Basement

      Updated 8-bedroom duplex with finished basement in Jamaica Hills.
      8470 159Th St, Jamaica, NY 11432
      View Details
    • New
      $2,500,000
      0.13 Acres

      Flushing Two-Family Home Near Northern Blvd

      Two-family home in prime Flushing location near Northern Blvd.
      35-35 155Th St, Flushing, NY 11354
      View Details
    • $1,749,999
      0.09 Acres

      Flushing Multifamily Opportunity

      Multifamily property in Flushing, New York.
      149-27 45Th Ave, Flushing, NY 11355
      View Details
    • $1,599,000
      Pending

      Flushing Three-Family Investment Opportunity

      Spacious, well-maintained three-family property in prime Flushing location.
      162-19 Laburnum Ave, Flushing, NY 11358
      View Details
    • New
      $799,999
      0.11 Acres

      Jamaica, NY Duplex Opportunity

      Well-cared for duplex on a spacious lot in historic neighborhood.
      112-05 180Th St, Jamaica, NY 11433
      View Details
    • New
      $1,650,000
      0.06 Acres

      Jamaica Commercial Building For Sale

      4,620 SF commercial building in prime Jamaica location.
      148-11 175Th St, Jamaica, NY 11434
      View Details
    • $1,325,000

      Ridgewood Two-Family Home For Sale

      Well-maintained, move-in-ready two-family home in vibrant Ridgewood neighborhood.
      20-15 Menahan St, Flushing, NY 11385
      View Details
    • New
      $800,000
      Pending

      Jamaica Duplex with Large Lot

      Detached duplex on a large lot in Jamaica, Queens.
      16602 120Th Ave, Jamaica, NY 11434
      View Details
    • $1,300,000
      Pending

      Renovated Two-Family Home in Jamaica

      Renovated two-family home with modern amenities and ample parking.
      120-12 Long St, Jamaica, NY 11434
      View Details
    • $1,975,000
      4,014 SF

      Renovated Astoria Heights Multi-Family Home

      Renovated 4-family home in desirable Astoria Heights location.
      19-49 80Th St, Flushing, NY 11370
      View Details
    • $4,999,950

      Manhattan Multifamily Building Near Grand Central

      Multifamily property near Grand Central Terminal with redevelopment potential.
      113 E 39Th St, Manhattan, NY 10016
      View Details
    • $1,295,000
      Pending

      Two-Family Home in Jamaica, NY

      Two-family home with finished basement, driveway, and garage.
      15027 Linden Blvd, Jamaica, NY 11434
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Chelsea Location, High NOI
    Where is this mixed-use property located?
    The property is located at 122 29Th St New York, NY.
    What are key features of this property?
    This property features: Ground floor: Vacant street-level retail space with full basement.; Second floor: Vacant commercial space; current month-to-month tenant will vacate.; Third floor: Vacant spacious commercial unit.
    Request Owner's contact information
    122 29Th St New York, NY 10001
    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.
    122 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 Estimation

    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.

    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.

    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
    122 29Th St New York, NY 10001
    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
    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.