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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    134 29Th St New York, NY 10001

    • Office Properties & Spaces
    • 3,270 SF
    For Sale
    View listing
    $5,950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Big Apple Design Group / (Bike/Boat/Book/etc) Store / Corporate Office
    • Latitude / Advertising Agency / Marketing & Advertising
    • Schwartz & Ponterio, PLLC / Law Firm
    • CASO Document Management / (Bike/Boat/Book/etc) Store / Corporate Office
    • E4P Consulting Engineering pllc / Engineering Consultant

    Property Details for 134 29Th St

    Property size
    3,270 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This exceptional full-floor penthouse office space, located at 134 W 29th St in New York, NY 10001, presents a unique investment opportunity for owner-users. The property offers flexible space options, ranging from 3,270 square feet to a generous 10,000 square feet, all situated on the desirable 12th floor. Currently vacant, this space allows for immediate occupancy and customization to suit your specific business needs. The building is classified as Class C. The asking price for this expansive and adaptable office space is $5,950,000. The property's versatility caters to various office styles, including traditional, executive, and creative office setups. Its central location in New York City provides unparalleled access to transportation, amenities, and a vibrant business community. This is an ideal opportunity to acquire a substantial and adaptable office space in a prime Manhattan location, perfect for a company seeking to establish a strong presence in the heart of New York City. The property is ready for immediate occupancy and offers the potential for significant return on investment. Contact us today to schedule a viewing and explore the possibilities.

    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
    -73.9918
    Latitude
    40.7472

    Comparable in this City

    • Value Estimation by Request
      5,540 SF

      133 25Th St

      Office space • 5,540 SF
      133 25Th St, New York, NY 10001
      View Details
    • Value Estimation by Request
      6,000 SF

      28 27Th St

      Office space • 6,000 SF
      28 27Th St, New York, NY 10001
      View Details
    • Value Estimation by Request
      15,356 SF

      1250 Broadway

      Office space • 15,356 SF
      1250 Broadway, New York, NY 10001
      View Details
    • Value Estimation by Request
      9,600 SF

      104 27Th Street Dr

      Office space • 9,600 SF
      104 27Th Street Dr, New York, NY 10001
      View Details
    • Value Estimation by Request
      120,000 SF

      320 5Th Ave

      Individual retail properties • 120,000 SF
      320 5Th Ave, New York, NY 10001
      View Details
    • Value Estimation by Request
      7,250 SF

      236 26Th St

      Office space • 7,250 SF
      236 26Th St, New York, NY 10001
      View Details

    Similar Nearby for Sale

    • $3,250,000
      3,945 SF

      543-545 West 25th Street 15th Floor Office

      543-545 West 25th Street 15th Floor Office
      543-545 W 25 St, New York, NY 10001
      View Details
    • Contact for pricing
      7,250 SF

      Creative Office in Capitol Building

      Newly constructed office space in a well-managed live/work building.
      236-242 W 26Th St, New York, NY 10001
      View Details
    • Contact for pricing
      3,073 SF

      High-End Office Space Available

      Premium office space featuring glass conference room and private bathroom.
      520 W 27Th St, New York, NY 10001
      View Details
    • $3,200,000
      6,300 SF

      Chelsea Commercial Condo Fourth Floor

      6,300 SF white-box space in prime Chelsea location.
      305 7Th Ave, 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

    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Full Floor Prebuilt Office Space

      Full floor office space with great light and views.
      1181 Broadway, New York, NY 10001
      View Details
    • Contact for pricing
      761 SF

      Chelsea Office Space Available

      Office spaces in Chelsea, ranging from 500 to 6,000 square feet.
      122 W 26Th St, New York, NY 10001
      View Details
    • Contact for pricing
      6,253 SF

      Chelsea Office Space Available

      Furnished office space in a 12-story building in Chelsea.
      152 W 25Th St, New York, NY 10001
      View Details
    • Contact for pricing
      2,084 SF

      Creative Office Space Available

      Move-in ready, furnished creative office space for rent.
      210 11Th Ave, New York, NY 10001
      View Details
    • Contact for pricing
      13,500 SF

      Flatiron District Creative Office Space

      Full Floor Loft, Prime Location, 1,800 SF
      32 28Th St, New York, NY 10001
      View Details
    • Contact for pricing
      70,000 SF

      West Chelsea Creative Office Space

      70,000 SF Office Building, Multiple Suites Available
      520-530 25Th 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.
    134 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.