Property summary
This exceptional 5,100 square foot mixed-use building at 223 West 29th Street in New York, NY 10001, presents a unique redevelopment opportunity. Currently vacant, the property offers significant potential for both residential and mixed-use development. The building features approximately 2,000 square feet of ground floor retail space, a 1,300 square foot mezzanine, and a 1,600 square foot lower level, all served by an elevator. A floor-through apartment with outdoor space is also included. Situated on a 2,312 square foot lot (23.42 ft x 98.75 ft), the property is zoned M1-6D, allowing for approximately 20,815 buildable square feet. This prime location in New York County offers unparalleled access to transportation, amenities, and a vibrant urban environment. The asking price for this exceptional investment opportunity is $7,600,000. The building's existing structure provides a solid foundation for a transformative project, catering to the high demand for both residential and commercial spaces in this sought-after neighborhood. Don't miss this chance to acquire a truly remarkable property with immense upside potential.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Specialty Food Shop
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Marketing & Advertising (Bike/Boat/Book/etc) Store
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Animal Shelter Pet Adoption Service
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Marketing & Advertising (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
M16D · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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