29 E 21st Street, New York, NY, 10036

Highlights

• Vacant delivery of floors 2 through 5 make this a prime user opportunity
• Strong, well-funded retail tenant with 6-years of term left and 3% annual escalations
• Potential to add value through leasing out the upper floor office units or converting to residential (subject to city approval)
• 5-Story Mixed-Use Elevator Building
• Great neighborhood co-tenancy in household brands such as Eataly, Le Pain Quotidien, Juice Press, Alo Yoga, Arc-teryx, Sephora, H&M, and Harry Potter New York
• Highly foot-trafficked Flatiron location
• Proximity to 4, 5, 6, L, N, Q, R, W trains at the 14th Street / Union Square transit hub and the R, W and 6 trains at 23rd street

Description

Avison Young has been engaged by Ownership to offer for sale 29 East 21st Street (the “Property”), a 5-story 12,943 RSF mixed-use property located between Broadway and Park Avenue South in the Flatiron District. The Property is a 25-foot-wide elevatored commercial building with ground floor retail space and four office units above. The retail space is occupied and leased through 2029 by Tend, a successful venture-backed dental company. The upper floor offices will be delivered vacant, making this a prime opportunity for either an end-user searching for space in this highly desirable submarket or for a residential conversion.

Manhattan