550 29th Stcu1 New York, NY 10001-1308
Property profile & analytics
550 29th Stcu1 New York, NY 10001-1308
- Office Spaces
- 5,022 SF
- 0.17 lot acres
Property ID
US63-5236334
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Elizabeth Sutton Collection / Art Gallery
- Vision World Wide / Construction Company / General Contractor
- Thank You Flowers NYC / (Bike/Boat/Book/etc) Store / Florist
- Tow Truck Manhattan NY / Auto Repair Shop
- 550 West 29th Street Condominium / Condominium Complex / Apartment Building
Property Details for 550 29th Stcu1
- Year built
- 2016
- Lot size
- 0.17 lot acres
- Property size
- 5,022 SF
- Zone code
- C6-3
- Property type
- Office Spaces
- APN
- 00700-1101
- APU
- 7001101
Description
This exceptional 5,022 square foot retail condominium, located at 550 West 29th Street in New York, NY 10001, is offered at $2,999,995. Situated on the ground floor of a 12-story building constructed in 2018, this vacant unit boasts a prominent West 29th Street frontage, ensuring excellent visibility and accessibility. The space features 13'6" ceilings and a virtually column-free layout, ideal for a variety of retail uses or a gallery. Its location at the nexus of Hudson Yards and West Chelsea offers unparalleled exposure to a vibrant and growing market. The property benefits from convenient access to multiple subway lines via nearby 34th Street/Penn Station and 34th Street/Hudson Yards stations (A, C, E, and 7 trains), as well as proximity to the Westside Highway and Lincoln Tunnel for easy vehicular access. This presents a unique investment opportunity in one of Manhattan's most desirable areas. The property is delivered vacant, allowing for immediate occupancy and customization to suit the buyer's specific needs. This is a rare chance to secure a prime retail space in a rapidly developing neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,130,000
- ML approach
- $4,130,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,795,000
- 6.5%
- $2,580,000
- 7%
- $2,395,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,971,000
Market price range: $761k - $6.17M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,210,000 Current use
- RETAIL STORES
- $6,605,000 Change: +106% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $4,130,000 Change: +29% Conversion: Easy
- WAREHOUSE, STORAGE
- $4,105,000 Change: +28% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,715,000 Change: -15% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0038
- Latitude
- 40.7522
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$68,031
$114,436
$655,521
$769,957
-
$254,302
$1,173,000
$1,427,302
