29 E 21st St - Office FOR SALE


New York, NY 10010- Flatiron District
$8,750,000 USD
917-880-1475
29 E 21st St, New York, NY for Sale
$8,750,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

29 E 21st St
New York, NY 10010
Flatiron District


HIGHLIGHTS

  • 14,032 RSF | Commercial Mixed-Use Elevator Building | 4 Floors of Vacant Office | $677/RSF
  • Vacant delivery of floors 2 through 5 make this a prime user or conversion opportunity
  • Recent upgrades to the lobby, electrical, new roof (2026) and Office Floors #3 and #5
  • Strong, well-funded retail tenant with 3-years of term left and 3% annual escalations and tax reimbursements
  • Potential to add value through leasing the upper floor office units or converting to residential (subject to city approval)
  • Great neighborhood co-tenancy in household brands such as Eataly, Le Pain Quotidien, Juice Press, Alo Yoga, Arc-teryx, Sephora, and H&M

OVERVIEW

Avison Young has been exclusively retained by Ownership to offer for sale 29 East 21st Street (the “Property”), a 5-story 14,032 RSF commercial property located between Broadway and Park Avenue South in Manhattan’s coveted Flatiron District. The Property is a 25-foot-wide elevator commercial building with ground floor retail space and four office floors above. The retail space is occupied and leased through 2029 by Tend, a successful venture-backed dental company. The upper floor offices were previously owner-occupied and will be delivered vacant, making this a prime opportunity for a commercial end-user in this highly desirable submarket or for potential residential conversion.

FOR SALE DETAILS

PRICE

$8,750,000 USD

PRICE/SF

$811 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,469 SF

ZONING

M1-5M

APN/PARCEL ID

0850-0023

ASK ABOUT THIS PROPERTY

Noah KossoffAvison YoungMore Info
917-880-1475

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Noah KossoffAvison YoungMore Info
917-880-1475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.