129 West 56th Street

129 West 56th Street, New York, NY 10019

  • For Sale $9,550,000
  • Property Type Multi-Family
  • Property Size 10,120 SF
  • Units 9
  • Lot Size 0.05 Acre
  • Date Updated May 6, 2024
ManhattanAvison Young has been exclusively engaged by Ownership to offer for sale 129 West 56th Street (the ‘Property’), a five-story mixed-use walk-up building, including an English basement, situated in the heart of Midtown Manhattan. Located mid-block between 6th and 7th Avenues, the 10,120 square foot building comprises one retail space on the first floor and lower level, with eight residential units above on floors two through five. Currently, the retail space is leased to the popular Kin Ramen restaurant until 2025. The majority of the residential units are free market (75%), and the fully occupied property offers investors the opportunity to acquire a cash-flowing asset in a prime Midtown location. There is also the potential to execute a light-value add strategy on the free-market units, as well as cosmetic corridor upgrades to increase rents and take advantage of the unprecedented rental growth Manhattan has experienced over the last few years.

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Highlights

  • 100% occupied 10,120 square foot mixed-use property
  • 75% free market
  • Retail space is fully occupied by Kin Ramen through 2025
  • Unit mix consists of (1) 2 BD / 1 BA, (5) 3 BD / 1 BA, and (2) 1 BD / 1 BA

Contacts

broker

Brent Glodowski

Avison Young - US - NY - New York

(212) 230-5996

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    86/100 Very Bikeable
Powered by Walk Score ®
  • City New York, NY
  • Neighborhood Theatre District - Times Square
  • Zip Code 10019
  • Market Manhattan

Points of Interest

  • 6th Avenue & 56th Street at Northwest Corner

    0.08 miles

  • 6th Avenue & 57th Street at Southwest Corner

    0.08 miles

  • 6th Avenue & 56th Street at Southwest Corner

    0.08 miles

  • 57th Street

    0.09 miles

  • 57th Street–7th Avenue

    0.09 miles

  • 6th Avenue & 56th Street at Southeast Corner

    0.10 miles

  • 53rd Street & 7th Avenue at Northeast Corner

    0.17 miles

  • 7th Avenue

    0.18 miles

  • 53rd Street & 7th Avenue at Southeast Corner

    0.18 miles

  • 59th Street–Columbus Circle

    0.31 miles

  • ChargePoint

    0.39 miles

  • ChargePoint

    0.51 miles

  • ChargePoint

    0.54 miles

  • ChargePoint

    0.73 miles

  • Mobil

    0.80 miles

  • Tesla Supercharger

    0.85 miles

  • Sunoco

    0.91 miles

  • Tesla Supercharger

    1.13 miles

  • Mobil

    1.15 miles

  • ChargePoint

    1.17 miles

  • Champion

    0.17 miles

  • Icon

    0.17 miles

  • 24 Hour Parking

    0.35 miles

  • Alpha Garage

    0.35 miles

  • Quik Park

    0.41 miles

  • Allie II parking

    0.53 miles

  • Lincoln Center Park and Lock Garage

    0.61 miles

  • Alfred Car Park, LLC

    0.63 miles

  • Hippodrome Parking

    0.63 miles

  • Central Parking

    0.65 miles

  • Le Meridien New York, Central Park

    0.03 miles

  • Thompson Central Park New York

    0.03 miles

  • West 57th Street

    0.06 miles

  • Park Hyatt New York

    0.07 miles

  • The Quin

    0.08 miles

  • Conrad New York Midtown

    0.09 miles

  • Park Central Hotel

    0.12 miles

  • JW Marriott Essex House

    0.13 miles

  • 1 Hotel Central Park

    0.13 miles

  • Hilton New York Midtown

    0.14 miles

  • Burger Joint

    0.02 miles

  • Norma’s

    0.03 miles

  • Russian Tea Room

    0.05 miles

  • Le Parker Meridien Burger

    0.05 miles

  • Estiatorio Milos

    0.05 miles

  • Black Tap Burger & Fries

    0.07 miles

  • fresh&co

    0.07 miles

  • Chipotle

    0.08 miles

  • Subway

    0.08 miles

  • Pazza Notte

    0.08 miles

  • Public School 69

    0.08 miles

  • Public School 58

    0.37 miles

  • New York Institute of Technology

    0.43 miles

  • Ethical Culture School

    0.45 miles

  • New York Institute of Technology

    0.45 miles

  • Zoo School

    0.49 miles

  • High School for Environmental Studies

    0.54 miles

  • Public School 141

    0.54 miles

  • Public School 212

    0.54 miles

  • M408 Professional Performing Arts High School

    0.54 miles

  • Wee Ones Club

    1.16 miles

  • Everbrook Academy

    1.16 miles

  • Gymboree

    1.17 miles

  • Spot Daycare

    1.36 miles

  • St Vartan Play Group Preschool

    1.38 miles

  • Alpha Bet Preschool of Murray Hill

    1.48 miles

  • Push My Swing

    1.55 miles

  • NY Kids Club

    1.62 miles

  • NY Kids Club

    1.71 miles

  • The Accorn School

    1.75 miles

Frequently Asked Questions

What is the lease rate for 129 West 56th Street?

Rental asking rate at 129 West 56th Street is $4,775,000.00/YR.

What is the total square footage of 129 West 56th Street?

129 West 56th Street totals 10,120 square feet.

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Contact Listing Broker

broker

Brent Glodowski

Avison Young - US - NY - New York

(212) 230-5996