Property profile

223 29th St New York, NY 10001

OFF-MARKET
Investment properties
Property ID
US63-0774898
4,721 SF 0.05 ac lot Built 1920
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 4,721 SF
Lot 0.05 ac (2,312 SF)
Zoning code M16D
APN 00779-0026
UPID US63-0774898

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Specialty Food Shop
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Animal Shelter Pet Adoption Service
  • Marketing & Advertising (Bike/Boat/Book/etc) Store

Location

223 29th St New York, NY 10001-5580
New York metro Census 9500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.62M

Owner & transaction history

since 2025
4 recorded transactions
2025
$6.6M
2019
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M16D · New York, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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