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29 E 21st St 14,032 SF Office Building New York, NY 10010 $8,750,000 ($623.57/SF)
Investment Highlights
- 14,032 RSF | Commercial Mixed-Use Elevator Building | 4 Floors of Vacant Office | $677/RSF
- Recent upgrades to the lobby, electrical, new roof (2026) and Office Floors #3 and #5
- Potential to add value through leasing the upper floor office units or converting to residential (subject to city approval)
- Vacant delivery of floors 2 through 5 make this a prime user or conversion opportunity
- Strong, well-funded retail tenant with 3-years of term left and 3% annual escalations and tax reimbursements
- Great neighborhood co-tenancy in household brands such as Eataly, Le Pain Quotidien, Juice Press, Alo Yoga, Arc-teryx, Sephora, and H&M
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
14,032 SF
Building Class
C
Year Built
1925
Price
$8,750,000
Price Per SF
$623.57
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
2,000 SF
Slab To Slab
12’
Building FAR
5.68
Lot Size
0.06 AC
Zoning
M1-5M
Amenities
- Property Manager on Site
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Tend is a dental company built around a patient-first model that combines clinical care with a hospitality mindset. The company offers preventive, restorative, cosmetic, orthodontic, and emergency services, along with insurance support and dental plans for patients without traditional coverage. Tend operates dental studios across major U.S. metro areas and pairs in-person visits with online booking, billing, and app-based account access. Its care model centers on judgment-free visits, modern treatment technology, and coordinated support for families and individual patients.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0850-0023 | Improvements Assessment | $1,004,130 |
| Land Assessment | $173,250 | Total Assessment | $1,177,380 |
Property Taxes
Parcel Number
0850-0023
Land Assessment
$173,250
Improvements Assessment
$1,004,130
Total Assessment
$1,177,380
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