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111 East 29th Street
NoMad, Manhattan | Park Ave South & Lexington Ave
15 Rooms6 Beds6.5 Baths5,575 Square FeetRental Property
$7,995,000
$7,995,000
Updated 6 years ago
Off Market

111 East 29th Street

NoMad, Manhattan | Park Ave South & Lexington Ave

15 Rooms6 Beds6.5 Baths5,575 Square FeetRental Property

$7,995,000
floors / apts4 / 3
Lot Size20'x98'7"
Built Size20'x60'
ZoneC4-5A
Building TypeTownhouse
RE Taxes$89,632
Price Per SF
$1,434

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom

Property Description for 111 East 29th Street

Mixed use building on the border of Midtown South/ Flatiron. Prime location on 29th Street between Park Avenue and Lexington. Building includes large, popular restaurant and a bar/lounge with outdoor seating area in the backyard. Commercial lease expires in February 2017, and there is potential to substantially increase the rent. Currently they are paying $75 per square foot Comparable retail spaces in the area are currently renting at up to $200 per square foot, indicating rental income can be increased significantly in a year. There is limited inventory for restaurants in the neighborhood, which should further drive rent increases in the future. Restaurant totals 1800 SF of retail space and 1586 SF basement storage space. The residential units are all free market and occupied. There are 2 three-bedroom apartments and 1 two-bedroom apartment. Most apartments have washers and dryers within the units. They all pay for their own heat, with individual heating systems installed in each unit. Subway station is less than 500 feet away. Can be sold together with adjacent building 113 East 29th St. Together, there are more than 3,900 SF of air rights available and included. Call now to make an appointment!

Building Details for 111 East 29th Street

OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

28 St
0.09 miles
33 St
0.17 miles
28 St
0.33 miles
23 St
0.33 miles
23 St
0.38 miles

Citi Bike

E 30 St & Park Ave S
0.05 miles
Lexington Ave & E 29 St
0.06 miles

Contact Agent

Contact Agent

Hillel Fried
LG Fairmont Group

NoMad | Manhattan

Quick Profile

NoMad, North of Madison Square Park, is a rectangular swath of land that is bordered by East 25th Street to the south, East 29th Street to the north, Sixth Avenue to the west, and depending who you ask, Madison or Lexington Avenue to the East. It’s had its acronymed name for over two decades but not every New Yorker calls the neighborhood NoMad.

Historic architecture, trendy hotels and restaurants and high-priced apartments - NoMad wasn’t always the coveted neighborhood that it is today. It’s gone through many transformations over the years. Including a red light district known as the Tenderloin in the 1880’s. It was a popular shopping destination and a place where high society held court in the mid 19th century. It was part of New York City’s Silicon Alley in the 1990’s.

As of lately, world class chefs and restaurants have moved into NoMad. It’s tied with Midtown Manhattan for having the most Michelin stars (six stars to date). Besides NoMad’s architecture, nightlife, and restaurants, we can’t forget the added perk of being close to other great neighborhoods and cultural institutions. NoMad’s central location makes it easier to get just about anywhere in the city. You can walk to Chelsea, West Village, Union Square or Grand Central Station in no time at all. The N, R, 1, 6, B, Q, F, and M are very close or just a few blocks away. Penn Station is also within walking distance.

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posted on May 31, 2022
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 26183TH
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