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132 E 29th St

Kips Bay, New York, NY
Floors
4
Total Size
5,664 sqft
Lot Size
0 acres
Year Constructed
0
Year Renovated
0
Number of Buildings
0

Features

Onsite Parking

About 132 E 29th St

Situated on the south side of East 29th Street between Lexington and Third Avenues, the investment property at 132 East 29th Street in New York is a great opportunity for a developer to finish off the interiors, since the gutting and main renovations have already been done. Close to sought-after Kips Bay, a great area for office rentals, this commercial building will have no shortage of tenants hoping to rent office space in Midtown!

Comprising of a total building size of 5,664 square feet, 132 East 29th Street in New York offers parking on an adjacent parking lot, which could become part of an expanded development plan.

132 East 29th Street in New York currently contains 24 units of commercial space. The property comes with 6,226 square feet of unused development rights and is surrounded by several potential development sites. This four-story walk-up building also boasts a basement.

An investor would also have the option to transform the building into smart condominiums or rentals. This area is increasingly sought-after by professionals looking for work/live spaces.

132 East 29th Street in New York currently boasts a light brown and white facade. The entrance is presently protected by a temporary green canopy.

Internet Providers for 132 E 29th St

Provider Technology Max Download Speed Max Upload Speed
RCN Cable
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
6 Mb/s
1.5 Mb/s

The Neighborhood: Kips Bay

Most listings are in the $60's per square foot per year. The Kips Bay region is seeing a a rise in rates. In the last 3 months, the median rate rose $62 per sqft per year.

Compared to the rest of the New York City market, the Kips Bay region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.

Median Rate Median Size
Kips Bay $62
/sqft/yr
3,710
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,310
sqft

Median Rate over Time in Kips Bay