212 West 29th Street

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Address: 212 W 29th St, New York, NY 10001, USA
New York & Tri-State + Land/Development
Created date: September 17, 2025
Date last updated: May 15, 2026

Property Description

212 West 29th Street (Block 778, Lot 47) is a development site located mid-block on the south side of West 29th Street Street, between Seventh and Eighth Avenues in the heart of the Chelsea neighborhood.The lot area of the property spans approximately 2,419 square feet, with 24.5 feet of frontage and 98 feet of depth. The existing lot includes a 9,212-square-foot building that is spread across four stories. The lot is situated in an M1-6D zoning district, which permits a base FAR of 10.0 for either residential or commercial use, allowing for up to 24,190 square feet of total ZFA. Through the Universal Affordability Preference (UAP), which was enacted through City of Yes, the FAR can be increased to 12.0, resulting in a maximum of 29,028 buildable square feet. Depending on the developer’s execution, the UAP requirement can be satisfied either by building the affordable units on-site or by purchasing off-site UAP air rights from a property owner within Community Board 5 or within a 1⁄2-mile radius of the site. Additionally, the property is located within the boundaries of the proposed Midtown South rezoning, which has been approved by the City Planning Commission and is scheduled for a City Council vote by the end of the summer. If adopted, the new zoning district would be an M1-8A / R12 which could increase the allowable density to a residential FAR of 18.0 (with Mandatory Inclusionary Housing), of which 12.0 FAR could be allocated to commercial use— expanding the total development potential to a maximum of 43,542 buildable square feet for residential purposes Located steps from Penn Station, Hudson Yards, the High Line, and key corridors in Chelsea and NoMad, this site offers rare proximity to major infrastructure, lifestyle amenities, and centers of economic growth. This boutique site allows for a variety of exit strategies, including the potential for significant rezoning upside. 212 West 29th Street presents a unique opportunity for forward-thinking developers and investors in a rapidly evolving submarket.
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Broker Details

Bob Knakal
Bob Knakal

BKREA 917-509-9501

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Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Land/Development
Lot Size: 1.00 Acres
Opportunity Zone: No
Property Website Click Here
Address: 212 West 29th Street, New York, NY 10001, USA
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