| Building Address: | 29 W 35th St, New York NY 10001 |
| Building Alternate Address: | 29 W 35th St |
| Zip Code: | 10001 |
| Neighborhood: | Penn Plaza/Garment |
| Borough: | Manhattan |
| Stories: | 12 |
| Year Built: | 1911 |
| Building Class: | B |
| Block & lot: | 00837-0023 |
29 West 35th Street, located in Manhattan’s Koreatown neighborhood, is a 12-story office building completed in 1911. The building encompasses approximately 71,180 square feet and sits on a 6,419 square foot lot. Initially serving the garment district and Midtown office market, it has seen various ownership and financial changes over its more than a century-long history.
In 2007, the property was acquired for $30 million by Shapour Sohayegh, who later took a $41 million loan from Wells Fargo in 2019. Following difficulties in meeting loan obligations, including those exacerbated by the post-pandemic decline in New York City’s office market, the owners faced foreclosure. Despite attempts to stave off financial distress—such as securing significant ground-floor leases—the building eventually went into a judicial foreclosure auction in August 2024.
During the auction, no third-party bidders emerged, resulting in the lender’s special servicer, LNR Partners (a subsidiary of Starwood Property Trust), taking possession of the building for $22 million. This transition marked the latest chapter in the building’s history amid challenging economic and market conditions affecting older Midtown office properties.
Throughout its lifetime, 29 West 35th Street has undergone multiple alterations and renovations, reflecting changes in use and tenant needs. While it historically attracted garment and office tenants, recent years have seen a mix of commercial occupants, including hospitality venues on the ground floor, such as The Liberty NYC brewpub, which has maintained its presence throughout these upheavals.
29 West 35th Street, Manhattan, NYC
Address: 29 West 35th Street, New York, NY 10001
Also known as: The Penn Building
Neighborhood: Koreatown
Borough: Manhattan
Year Built: 1911
Building Height: 12 Stories
Building Size: Approximately 98,400 SF total, with typical floor size around 6,534 SF
Building Class: B
Building Type: Office with Commercial spaces
Lot Size: 6,419 SF
Block & Lot: 00837-0023
Features and Amenities
- 24 Hour Access
- Bus Line & Metro/Subway Access
- Security System
- Central Heating and Air Conditioning
- High Ceilings (approx. 12’ unfinished ceiling height)
- Direct Elevator Exposure
- Natural Light
- Partitioned Offices available
- Wi-Fi and Plug & Play capabilities
- Hardwood Floors
- Kitchen facilities
Retail and Commercial Space
The property includes retail space, with approximately 1,568 SF available for lease. The neighborhood is vibrant, situated within Koreatown, a bustling area with high pedestrian traffic and proximity to major transit hubs.
Location Highlights
- Near 34th Street & Broadway, 0.14 miles
- Close to 33rd Street and 7th Avenue subway stations
- Within walking distance to Penn Plaza and major Manhattan landmarks
- Walk Score: 98/100 (Walker's Paradise)
- Transit Score: 100/100 (Rider's Paradise)
- Bike Score: 85/100 (Very Bikeable)
29 W 35th St, Manhattan, NYC Building Amenities:
- Walker's Paradise: Walk Score of 98
- Rider's Paradise: Transit Score of 100
- Bikeable: Bike Score of 85
- 24 Hour Access
- Bus Line
- Metro/Subway
- Security System
- Kitchen
- Central Heating
- High Ceilings
- Direct Elevator Exposure
- Natural Light
- Partitioned Offices
- Plug & Play
- Wi-Fi
- Hardwood Floors
- Air Conditioning
29 West 35th Street, Manhattan, is a 12-story office building located in the Garment District near Koreatown. Historically, it has hosted several tenants, including:
- Knotel: A flex-office startup that once occupied five floors (about 39,000 square feet), but stopped paying rent during the pandemic.
- Sprinklr: A business software firm that also ceased paying rent alongside Knotel.
- The Liberty NYC: A ground-floor bar that accrued unpaid rent during the early stages of the COVID-19 pandemic.
The building faced foreclosure twice: first in 2010 due to a $29.2 million mortgage default, and again in recent years following a $41 million mortgage default. The current ownership situation involves LNR Partners taking control after a foreclosure auction.
Internet Providers at 29 W 35th St, Manhattan, NYC
The building at 29 W 35th St, Manhattan, NYC is equipped with business grade Gigabit fiber-optic Internet by Stealth Communications, with fiber installed throughout the structure.
Verizon New York provides fiber internet service in the building, with maximum download speeds up to 1 Gbps and upload speeds up to 25 Mbps.
29 W 35th St, Manhattan, NYC - Transportation and Cross Streets
Located near the intersection of West 35th Street and 6th Avenue, this address benefits from extensive public transportation options.
Nearby Subway Lines
- Subway: B, D, F, M, N, Q, R, W lines serve stations within a short walking distance, including 34 St-Herald Sq and 34 St-Penn Station.
- Nearby stations: 34 St-Herald Sq (1 min walk), 34 St-Penn Station, Times Sq-42 St (6 min walk).
Bus Routes
- Buses: BM2, BXM2, BXM4, M34-SBS, M55, QM10, QM12, QM20, QM24, X37 run along or near West 35th Street and 6th Avenue.
- Bus stops within 1 to 4 minutes walking distance include: 6 Av/W 35 St, 6 Av/W 36 St, W 34th St & Broadway, 6 Av/W 37 St.
Train and PATH Services
- Train lines accessible nearby: PATH, HUDSON, ACELA, PORT WASHINGTON BRANCH, RONKONKOMA BRANCH, ADIRONDACK.
Cross Streets
The building is situated on West 35th Street between 5th Avenue and 6th Avenue (Avenue of the Americas), placing it centrally within Midtown Manhattan's commercial corridor.
Office Tenants Rented / Leased 29 West 35th Street- Knotel leased 39,000 SF
- Law Firm of Stuart Weiss P.C. leased 4,100 SF
- MED|ED|NOW leased 7,800 SF
- Sprinklr leased 32,800 SF
- Tourneau leased 2,500 SF
Nearby Office Tenants Leased- Boston Consulting Group leased 193,295 SF at 10 Hudson Yards
- Yext leased 58,194 SF at 1 Madison Ave
- Consulate General of the Kingdom of the Netherlands leased 17,000 SF at 1 Rockefeller Plaza
- Gerling America Insurance Co. leased 14,853 SF at 100 Park Ave
- RDA International leased 14,000 SF at 100 Vandam St
- Postworks New York leased 11,000 SF at 100 Avenue of the Americas
- Melkonian Capital Management leased 7,168 SF at 1 Bryant Park
- SMEG USA leased 2,713 SF at 10 Rockefeller Plaza
- Jared Finkell, MD leased 500 SF at 10 Downing St
- Century Pharmacy leased 500 SF at 10 Rutgers St
Nearby Retail Tenants Leased- Polo Ralph Lauren leased 11,000 SF at 1055 Madison Ave
- La Mar leased 9,000 SF at 11 Madison Ave
- Burger & Lobster leased 8,900 SF at 1 Bryant Park
- New York Kids Club leased 4,000 SF at 11 Fifth Avenue
- 10 Downing leased 3,400 SF at 10 Downing St
- Clean Table leased 2,000 SF at 101 Seventh Avenue
- Sweetgreen leased 2,000 SF at 10 Hudson Yards
- Choza Taqueria leased 1,000 SF at 100 Park Ave
- The Original Soup Man and Crema Lita leased 614 SF at 10 Rockefeller Plaza
- Simit and Smith leased 400 SF at 11 Waverly Pl
