122 29Th St New York, NY 10001

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.