Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    214 29Th St New York, NY 10001
    Back to Search
    Property profile & analytics

    214 29Th St New York, NY 10001

    View on Map
    • Office Spaces
    • 18,993 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Microsol Resources | AutoCAD Reseller & Training | NYC / Computer Training School / Consultant
    • StarPro Physical Therapy / Physician
    • Task Floors Inc / Carpet & Flooring Store / Hardware & Home Improvement
    • RobChampionNYC / Photography Service / (Bike/Boat/Book/etc) Store
    • Michael Oakes / Physician

    Property Details for 214 29Th St

    Property size
    18,993 SF
    Property type
    Office Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional 18,993 square foot multi-tenant office and industrial building, located at 214 W 29th St in Manhattan's Chelsea submarket (between 7th and 8th Avenues), offers a unique opportunity for businesses seeking flexible workspace. Currently, the entire building (18,993 square feet) is available for lease. The property features a variety of suite sizes, with a minimum divisible space of 738 square feet and a maximum contiguous space of 4,889 square feet, accommodating diverse business needs. The building comprises eight individual suites, providing flexibility for both small and larger organizations. The property's frontage varies, with Space A and B offering 15 feet of frontage each, while Space C boasts 45 feet. This prime location in New York County, NY, 10001, provides excellent access to transportation and a vibrant urban environment. The property's classification as both office and industrial space allows for a wide range of potential uses. This is an exceptional opportunity to secure a prominent presence in a highly sought-after area of Manhattan. Contact us today to learn more about leasing options and explore the possibilities this versatile property offers.

    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
    -73.9939
    Latitude
    40.7482

    Comparable in this City

    • Value Estimation by Request
      1,775 SF

      800 6Th Ave

      Restaurants • 1,775 SF
      800 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
      12,685 SF

      278 7Th Ave

      Flex space • 12,685 SF
      278 7Th Ave, New York, NY 10001
      View Details
    • Value Estimation by Request
      2,976 SF

      352 7th Ave Fl 12a

      LIGHT INDUSTRIAL • 2,976 SF
      352 7th Ave Fl 12a, New York, NY 10001-5893
      View Details
    • Value Estimation by Request
      1,946,157 SF

      395 9th Ave, Unit 1001

      LIGHT INDUSTRIAL • 1,946,157 SF
      395 9th Ave, New York, NY 10001-8600
      View Details
    • Value Estimation
      $1,005,000
      7,083 SF

      301305 7th Ave6a

      LIGHT INDUSTRIAL • 7,083 SF
      301305 7th Ave6a, New York, NY 10001-5012
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      7,832 SF

      Nomad Development Opportunity on Sixth

      Prime Nomad location with redevelopment and expansion potential.
      821 6Th Ave, New York, NY 10001
      View Details
    • Contact for pricing
      1,200 SF

      Chelsea Mixed-Use Building for Sale

      Seven-story mixed-use building in Chelsea with retail and office space.
      242 W 27Th St, New York, NY 10001
      View Details
    • Contact for pricing
      20,014 SF

      Midtown Manhattan Penthouse Duplex Office

      Penthouse duplex office space with expansive views and natural light.
      20 W 33Rd St, New York, NY 10001
      View Details
    • Contact for pricing
      Pending

      Commercial Office Building For Sale

      Commercial office building with 6,000 square feet available for sale.
      28 W 27Th St, New York, NY 10001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      1250 Broadway

      Discover many ways to work your way in Centerpointe
      1250 Broadway, New York, NY 10001
      View Details
    • Contact for pricing

      Spaces Penn Plaza

      Workspaces, services and support to help you grow your business in LA, Baton Rouge - 10202 Perkins Rowe
      132 31St St, New York, NY 10001
      View Details
    • Contact for pricing

      Madison Square Garden

      Discover many ways to work your way in ID, Meridian - W Overland Road
      5 Penn Plz, New York, NY 10001
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in New York, NY.
      6th 40Th St, New York, NY 10001
      View Details
    • Contact for pricing

      W 33rd St, New York, NY 10001

      Office Spaces
      W 33Rd St, New York, NY 10001
      View Details
    • Contact for pricing
      3,475 SF

      Prime NYC Executive Office Space

      NoMad Executive Suites Available Now
      134 26Th 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.
    214 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

    Thank You for Inquiry
    214 29Th St, New York, NY, 10001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!