158 West 29th Street

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange the sale of 158 West 29th Street (“The Property”), an exceptional investment opportunity in the heart of Chelsea, anhattan. The Property is currently a 12-story, ~66,000 RSF (59,000 GSF) mixed-use office building with 50’ of frontage located on the south side of West 29th Street between Sixth and Seventh Avenues. Given the location, flexible zoning and proximity to transportation, the asset offers several potential execution paths.

158 West 29th Street offers a flexible investment opportunity with multiple paths for value creation, allowing a new owner to maintain and reposition the existing office asset, convert the building to residential use, or pursue a full ground-up redevelopment. The Property’s current condition supports near-term leasing upside through targeted improvements, while its location within the Midtown South Mixed Use (MSMX) zoning district enables as-of-right residential development or conversion, enhanced by favorable density allowances, potential air rights utilization, and eligibility for long-term tax incentive programs.