147-151 West 29th Street

BKREA has been retained on an exclusive basis to arrange for the sale of 147–151 West 29th Street (“The Site”), a prime mixed-use development opportunity located at the nexus of NoMad and Midtown South, two rapidly transforming neighborhoods in Manhattan. The site is block-through, featuring approximately 65 feet of frontage on West 29th Street and 50 feet along West 30th Street, situated between Sixth and Seventh Avenues. Currently, Lot 87 consists of a roughly 20,000-square-foot commercial building, which will be delivered vacant. In addition to the development potential, ownership is also transferring air rights from 144 West 30th Street (Lot 94), further enhancing the site’s buildable potential. The development lot is approximately 11,955 square feet, while the total zoning lot spans approximately 25,660 square feet. The site is currently located in an M1-6 zoning district, which permits only commercial or manufacturing development. However, the site also falls within the proposed Midtown South Mixed-Use Rezoning (M1-9A/R12), which allows for an FAR of 18.0 for residential use (with MIH), of which 15.0 FAR may be allocated to community facility and commercial uses. When the rezoning is adopted, the site’s as-of-right density—combined with transferred air rights from a neighboring property and Ultra-Low Energy Deductions permitted under the City of Yes—would allow for up to 257,291 square feet of Zoning Floor Area (ZFA). For additional details, please refer to the Hill West zoning and massing study available in the data room. 147–151 West 29th Street presents a compelling development opportunity with its rare block-through layout and efficient frontage on both West 29th and West 30th Streets. Located just off Seventh Avenue, the site sits at the heart of Manhattan’s most dynamic corridor, surrounded by premier destinations including Madison Square Garden, the original Macy’s, and Hudson Yards. Additionally, the site stems from other coveted neighborhoods such as Chelsea and NoMad. This coveted location offers unmatched visibility, constant foot traffic, and exceptional connectivity—positioning it as a premier site for flagship retail, luxury residential, or mixed-use development. With immediate access to the 1, 2, 3, A, C, E, LIRR, and NJ Transit trains at Penn Station, and just steps from the B, D, F, M, N, Q, R, and W lines at 34th Street–Herald Square, the site offers unparalleled transit access. Its Midtown South location provides convenient walking access for countless professionals working in the surrounding area.