Medical office

Introducing 117 E 29th Street, an exceptional investment opportunity located in the heart of Manhattan’s Midtown South, offering a prime retail space that can also serve as an ideal property for an owner-user. Priced at $2,195,000, this property presents a unique opportunity with a 6.70% Cap Rate, making it an attractive option for both investors and businesses looking to establish a presence in a high-demand area.

117 E 29th Street, New York, NY 10016
Price: $2,195,000
Cap Rate: 6.70%
Sale Type: Investment or Owner-User
Property Type: Condo (Retail Space)
Gross Building Area (GBA): 27,372 sq. ft.
Typical Floor Size: 4,400 sq. ft.
Number of Buildings: 1
Units per Acre: 142/AC
Market Segment: All
Rent Type: Market

Key Features:

Prime Midtown South Location:
Located on E 29th Street in Midtown South, this property enjoys an advantageous location in a vibrant and bustling area of Manhattan. Midtown South continues to experience growth in both commercial and residential developments, attracting professionals, tech startups, and retail businesses. This location offers high visibility and foot traffic, ensuring potential success for retail businesses or other commercial ventures.

Attractive Investment Opportunity:
With a 6.70% Cap Rate, this property offers a solid return on investment, making it an appealing option for investors seeking consistent cash flow. The building’s layout allows for versatile uses, from retail operations to professional offices or even as a mixed-use investment. The combination of an ideal location and steady market rent increases the potential for stable returns.

Spacious and Versatile Layout:
The building has a generous Gross Building Area (GBA) of 27,372 sq. ft., with typical floors offering 4,400 sq. ft. of space, providing ample room for various business setups. Whether you plan to lease it out for retail purposes or occupy the space yourself, the layout offers flexibility to suit a wide range of commercial uses.

Ideal for Owner-Users or Investors:
This property is perfectly suited for an owner-user, allowing a business to establish its headquarters or retail location in a prominent Manhattan area. Alternatively, for investors, the strong market demand and potential for steady rental income make it an excellent addition to any real estate portfolio.

Conclusion:
117 E 29th Street represents a compelling opportunity for both investors and owner-users. With its prime location, solid cap rate, and flexible space, this property offers potential for strong returns or the ability to create a flagship location for your business. Whether you are looking for a high-performing retail investment or a commercial space to occupy, this property offers excellent value in one of Manhattan’s most desirable locations.