129 West 29th Street

129 West 29th Street, New York, NY 10001

  • For Sale Guidance Upon Request
  • Property Type Office - General Office
  • Property Size 7,252 SF
  • Additional Rent Contact for pricing
  • Date Updated Nov 5, 2024
Exclusive Sale Retention: BKREA is exclusively retained to arrange the sale of 129 West 29th Street, a notable 12-story commercial office building. Location Details: Located on the north side of West 29th Street, between Sixth and Seventh Avenues. Situated in Midtown, near major transport hubs such as Penn Station and Moynihan Train Hall. Close to popular destinations like Madison Square Garden, the Empire State Building, Madison Square Park, and several dining, retail, and entertainment options. Site Specifications: Built in 1911, the building has 96,750 RSF with approximately 74.08 feet of frontage. Ground floor features a vacant retail space; the upper 11 floors house 14 commercial spaces, 5 of which are currently occupied. Development Plans: Current tenant, 1 Life Healthcare Inc. (One Medical), occupies the 9th and 10th floors. Ownership is open to leasing back floors 3, 4, 5, and 12 (33,000 RSF) on a 10-year term. Weighted Average Lease Term (WALT) is approximately 5.52 years. Neighborhood Demand Drivers: Midtown location with strong demand due to high accessibility and nearby amenities. Walking distance to several subway lines, providing connectivity across Manhattan and beyond. Surrounded by dining venues, rooftop bars, shops, and popular attractions. Opportunity Highlights: Ideal for office investors seeking a value-add opportunity by renovating and leasing the vacant space. Suitable for an owner-user to occupy up to 30,150 RSF. Location and accessibility make this property an attractive investment for potential cash flow growth from additional tenants.Exclusive Sale Retention: BKREA is exclusively retained to arrange the sale of 129 West 29th Street, a notable 12-story commercial office building. Location Details: Located on the north side of West 29th Street, between Sixth and Seventh Avenues. Situated in Midtown, near major transport hubs such as Penn Station and Moynihan Train Hall. Close to popular destinations like Madison Square Garden, the Empire State Building, Madison Square Park, and several dining, retail, and entertainment options. Site Specifications: Built in 1911, the building has 96,750 RSF with approximately 74.08 feet of frontage. Ground floor features a vacant retail space; the upper 11 floors house 14 commercial spaces, 5 of which are currently occupied. Development Plans: Current tenant, 1 Life Healthcare Inc. (One Medical), occupies the 9th and 10th floors. Ownership is open to leasing back floors 3, 4, 5, and 12 (33,000 RSF) on a 10-year term. Weighted Average Lease Term (WALT) is approximately 5.52 years. Neighborhood Demand Drivers: Midtown location with strong demand due to high accessibility and nearby amenities. Walking distance to several subway lines, providing connectivity across Manhattan and beyond. Surrounded by dining venues, rooftop bars, shops, and popular attractions. Opportunity Highlights: Ideal for office investors seeking a value-add opportunity by renovating and leasing the vacant space. Suitable for an owner-user to occupy up to 30,150 RSF. Location and accessibility make this property an attractive investment for potential cash flow growth from additional tenants.

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Attachments

Highlights

  • Excellent Accessibility: Proximity to several transportation hubs with services the 1,2,3, A,C,E, N,Q,R,W subway lines, as well as the LIRR and NJ Transit,
  • all readily accessible.
  • 74.08’ of Frontage, 96,750 RSF: Substantial frontage and square footage in the prime Midtown neighborhood.
  • Convenient Connectivity: The site is within walking distance to several transportation options including two local subway stations nearby: one at 28th and 7th Avenue serving the 1 line, and another at 28th Street and Broadway for the R and W lines as well as Penn Station and Moynihan Train Hall.
  • Value-Add Opportunity: Prospective investors could renovate and lease the vacant 1st, 7th and 8th floors and portions of the 6th and 9th floors at $50 RSF.
  • Coveted Location: Situated on the border of NoMad and Chelsea, 129 West 29th Street is poised to leverage the strong demand drivers of both
  • neighborhoods.
  • Owner User Opportunity: Potential owner could utilize between 3,650 RSF and 30,150 RSF across nine floors within the building, with floors 6 through 9 offering continuous space throughout.

Contacts

broker

Bob Knakal

BKREA

Location

Getting Around

  • Walk Score ®

    100/100 Walker's Paradise
  • Transit Score ®

    100/100 Rider's Paradise
  • Bike Score ®

    91/100 Biker's Paradise
Powered by Walk Score ®
  • City New York, NY
  • Neighborhood Chelsea
  • Zip Code 10001
  • Market Manhattan

Points of Interest

  • 28th Street

    0.11 miles

  • 33rd Street

    0.15 miles

  • No. 2 Penn Plaza Entrance

    0.17 miles

  • 7th Avenue & 33rd Street at Northwest Corner

    0.22 miles

  • 34th Street & Broadway at Northwest Corner

    0.25 miles

  • 33rd St / 7th Av

    0.25 miles

  • Moynihan Train Hall

    0.30 miles

  • Broadway & 23rd Street at Northeast Corner

    0.43 miles

  • Broadway & 23rd Street at Southeast Corner

    0.45 miles

  • Times Square

    0.63 miles

  • ChargePoint

    0.15 miles

  • Blink

    0.47 miles

  • Mobil

    0.69 miles

  • Tesla Supercharger

    1.10 miles

  • BP

    1.22 miles

  • Citgo

    2.13 miles

  • Gulf

    2.24 miles

  • Sunoco

    2.46 miles

  • City Parking

    0.20 miles

  • SP+

    0.23 miles

  • Icon Parking

    0.37 miles

  • Icon

    0.54 miles

  • Select Garages

    0.55 miles

  • Red Ball Garage

    0.62 miles

  • Lot 9

    0.64 miles

  • Lot 10

    0.67 miles

  • Vincent 15 Parking LLC

    0.69 miles

  • iClean

    2.26 miles

  • DoubleTree

    0.03 miles

  • Hotel Indigo

    0.04 miles

  • Cambria Hotel & Suites

    0.05 miles

  • Hilton Garden Inn

    0.05 miles

  • Eventi

    0.06 miles

  • Hotel Hayden

    0.06 miles

  • Courtyard Marriot

    0.06 miles

  • Hampton

    0.07 miles

  • Hyatt House

    0.08 miles

  • Fairfield Inn

    0.08 miles

  • Piggyback

    0.05 miles

  • New M & J

    0.05 miles

  • Loopy's

    0.06 miles

  • Izumi

    0.06 miles

  • Ajisen Ramen

    0.07 miles

  • Friendman’s

    0.08 miles

  • Pennsylvania 6

    0.08 miles

  • Ichiran

    0.08 miles

  • Five Guys

    0.08 miles

  • Healthy Choice Gourmet Deli & Pizza

    0.08 miles

  • CUNY School of Professional Studies

    0.09 miles

  • International Wine Center (IWC)

    0.10 miles

  • Fashion Institute of Technology

    0.21 miles

  • Mercy University

    0.27 miles

  • Laguardia Community College

    0.29 miles

  • Project Management Academy New York

    0.31 miles

  • Touro College

    0.32 miles

  • American Academy of Dramatic Arts

    0.36 miles

  • Devry College

    0.41 miles

  • CUNY Graduate School and University Center

    0.41 miles

  • Alpha Bet Preschool of Murray Hill

    0.59 miles

  • Push My Swing

    0.62 miles

  • Wee Ones Club

    0.63 miles

  • Kindercare

    0.66 miles

  • NY Kids Club

    0.68 miles

  • San Jose Nursery

    0.70 miles

  • Star A Kidz

    0.75 miles

  • Explore + Discover Early Learning Center

    0.82 miles

  • Everbrook Academy

    0.84 miles

  • Gymboree

    0.87 miles

Frequently Asked Questions

How much does 129 West 29th Street cost?

The sale price for 129 West 29th Street is available upon request. Contact the listing broker for more information.

What is the total square footage of 129 West 29th Street?

129 West 29th Street totals 7,252 square feet.

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Contact Listing Broker

broker

Bob Knakal

BKREA