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212 E 29th St
New York, NY 10016 Kips Bay

$10,000,000 USD

Apartments For Sale • 9,460 SF

Property Details

Property Type Apartments
Total Building Size 9,460 SF
Lot Size 0.06 AC
Building Class C
Year Built 1920
Cap Rate 6.72 %
Zoning R8B

100 Transit Score

99 Walk Score

                
                    Highlights
                
                                Efficient, Highly Desirable Layouts: Spacious 2-bedroom/2-bathroom and 3-bedroom/2-bathroom configurations, a rarity for walk-up buildings
                            
                                Attractive In-Place Yield: Offered at a 6.72% cap rate, providing investors with a strong going-in return for a core Manhattan asset
                            
                                Individually Metered Heating Systems
                            
                                Prime Kips Bay Location: Situated just blocks from Baruch College, Bellevue Hospital and NYU Langone Medical Center
                            
                                The property benefits from a deep and consistent renter pool
                            
                                The asset offers convenient access to major subway lines and is a short commute to Midtown South and Manhattan’s premier office districts

Property Flyers

212 East 29th Street OM (Kips Bay)

Cap Rate:

6.72 %

Major Tenants

Tenant	SF Occupied	Lease End Date
East 29th Street Laundry		11/30/2013
Sonya's Skin Care

Amenities

Balcony
Dishwasher
Washer/Dryer
Heating
On-Site Retail
Tile Floors
Granite Countertops
Hardwood Floors
High Speed Internet Access
Refrigerator
Range

Public Transportation

Commuter Rail	Drive	Walk	Distance
33 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	3 min	15 min	0.8 mi
23 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	3 min	17 min	0.9 mi
Transit/Subway	Drive	Walk	Distance
28 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway))	1 min	6 min	0.3 mi
33 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway))	2 min	8 min	0.4 mi
23 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway))	2 min	11 min	0.5 mi
28 Street (N,R Line) (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	2 min	11 min	0.6 mi
23 Street (N,R Line) (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway))	3 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
LaGuardia	17 min	-	8.6 mi
Newark Liberty International	23 min	-	15.3 mi
John F Kennedy International	26 min	-	16.6 mi

Justin Zeitchik 718-360-8827 Investment Property Realty Group

212 E 29th St New York, NY 10016 Kips Bay