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Rent Office 29 West 35th Street
| $ / SF | SF | Monthly Rent |
|---|---|---|
| Negotiable | 7,200 |
Negotiable |
Nearby Sublease office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Penn Plaza & West 33rd Street | $ 41 | 29,000 |
$ 99,083 |
| Bryant Park & 6th Avenue | $ 62 | 14,000 |
$ 72,333 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 36th Street | $ 54 | 3,200 |
$ 14,266 |
| Broadway & West 41st Street | $ 55 | 4,700 |
$ 21,541 |
| Fifth Ave & West 33rd Street | $ 69 | 4,300 |
$ 24,725 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 41st Street | $ 55 | 2,200 |
$ 10,083 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 37th St & Avenue of America | $ 36 | 10,200 |
$ 31,025 |
| W 40th St & Between West 39th Street | $ 38 | 15,100 |
$ 47,816 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 37th St & 6th Avenue | $ 35 | 3,500 |
$ 10,208 |
| W 40th St & Eighth Avenue | $ 40 | 2,600 |
$ 8,558 |
| Seventh Ave & West 38th Street | $ 45 | 5,200 |
$ 19,500 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Tenth Ave & West 37th Street | $ 45 | 2,200 |
$ 8,250 |
| Seventh Ave & West 38th Street | $ 45 | 2,400 |
$ 9,000 |
| Penn Plaza & Eighth Avenue | $ 40 | 1,800 |
$ 6,000 |
| Fifth Ave & East 35th Street | $ 40 | 2,100 |
$ 7,000 |
| W 36th St & Between 8th Avenue | $ 36 | 1,600 |
$ 4,866 |
| Address | $ / SF | SF | Monthly Rent |
|---|
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Penn Plaza & West 30th Street | $ 46 | 2,500 |
$ 9,583 |
| W 35th St & Between West 35th Street | $ 34 | 5,300 |
$ 14,795 |
| W 37th St & Ninth Avenue | $ 40 | 4,500 |
$ 15,000 |
| W 36th St & Avenue of the Americas | $ 45 | 3,400 |
$ 12,750 |
| W 30th St & Between West 30th Street | $ 31 | 5,000 |
$ 12,916 |
| W 36th St & Eight Avenue | $ 34 | 6,000 |
$ 16,750 |
| Broadway & West 32nd Street | $ 46 | 3,500 |
$ 13,498 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Penn Plaza & West 30th Street | $ 46 | 2,000 |
$ 7,583 |
| Type of Space | Class A/month | Class B/month | Class C/month |
|---|---|---|---|
| Windowed office/person | $ 2100 | $ 1310 | $ 775 |
| Interior office/person | $ 1350 | $ 810 | $ 525 |
| Team Rooms | $ 10100 | $ 8060 | $ 5025 |
| Suites | $ 20100 | $ 12060 | $ 7025 |
Nearby office Spaces for Rent
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 41st Street | $ 70 | 13,200 |
$ 77,550 |
| Fifth Ave & West 38th Street | $ 56 | 17,600 |
$ 82,866 |
| Broadway & West 39th Street | $ 59 | 10,900 |
$ 53,591 |
| 1 Plz & West 33rd Street | $ 105 | 19,100 |
$ 167,125 |
| Bryant Park & Avenue of America | $ 99 | 7,400 |
$ 61,050 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 37th Street | $ 66 | 5,500 |
$ 30,250 |
| W 38th St & Avenue of the Americas | $ 56 | 3,500 |
$ 16,479 |
| Broadway & West 41st Street | $ 66 | 6,800 |
$ 37,400 |
| Broadway & West 36th Street | $ 66 | 4,600 |
$ 25,300 |
| 2 & West 31st Street | $ 141 | 5,300 |
$ 62,275 |
| Fifth Ave & West 38th Street | $ 62 | 3,800 |
$ 19,475 |
| 1 Plz & West 33rd Street | $ 105 | 3,200 |
$ 28,000 |
| W 34th St & Between 7th Avenue | $ 70 | 4,700 |
$ 27,416 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Broadway & West 37th Street | $ 66 | 2,300 |
$ 12,650 |
| 1 Plz & West 33rd Street | $ 98 | 2,400 |
$ 19,600 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Eighth Ave & West 36th Street | $ 40 | 7,500 |
$ 25,000 |
| W 39th St & Eighth Avenue | $ 40 | 7,700 |
$ 25,666 |
| W 33rd St & Fifth Avenue | $ 40 | 7,100 |
$ 23,666 |
| Eighth Ave & W 35th Street | $ 40 | 8,000 |
$ 26,333 |
| Tenth Ave & West 37th Street | $ 49 | 7,900 |
$ 32,258 |
| Broadway & West 38th Street | $ 54 | 9,500 |
$ 42,750 |
| Seventh Ave & West 37th Street | $ 56 | 10,300 |
$ 48,066 |
| 7th Ave & Between 7th Avenue | $ 55 | 7,800 |
$ 35,750 |
| Eighth Ave & Between 8th Avenue | $ 40 | 7,900 |
$ 26,004 |
| W 36th St & Avenue of the Americas | $ 44 | 10,000 |
$ 36,250 |
| Broadway & West 39th Street | $ 45 | 8,100 |
$ 30,375 |
| Seventh Ave & Sixtenth Street | $ 46 | 10,000 |
$ 38,333 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Seventh Ave & West 38th Street | $ 52 | 3,100 |
$ 13,433 |
| Eighth Ave & West 36th Street | $ 36 | 4,700 |
$ 14,295 |
| W 39th St & Ninth Avenue | $ 39 | 3,500 |
$ 11,375 |
| W 38th St & Between West 37th Street | $ 39 | 2,600 |
$ 8,450 |
| W 39th St & Eighth Avenue | $ 40 | 2,700 |
$ 9,000 |
| Fifth Ave & West 35th Street | $ 50 | 3,700 |
$ 15,262 |
| W 35th St & Eight Avenue | $ 40 | 4,900 |
$ 16,129 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| Eighth Ave & West 36th Street | $ 40 | 2,200 |
$ 7,425 |
| W 39th St & Ninth Avenue | $ 39 | 1,800 |
$ 5,850 |
| W 38th St & Between West 37th Street | $ 35 | 2,200 |
$ 6,416 |
| Eighth Ave & West 35th Street | $ 35 | 1,700 |
$ 4,958 |
| W 40th St & Eighth Avenue | $ 46 | 1,900 |
$ 7,283 |
| Broadway & West 38th Street | $ 50 | 1,900 |
$ 7,995 |
| 7th Ave & Between 7th Avenue | $ 56 | 1,600 |
$ 7,400 |
| Avenue of the Americas & West 39th Street | $ 61 | 2,300 |
$ 11,691 |
| Avenue of the Americas & West 31st Street | $ 78 | 2,400 |
$ 15,500 |
| Eighth Ave & West 37th Street | $ 37 | 1,700 |
$ 5,241 |
| W 40th St & Avenue of America | $ 72 | 1,600 |
$ 9,666 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 35th St & Seventh Avenue | $ 40 | 8,800 |
$ 29,333 |
| W 39th St & Eighth Avenue | $ 36 | 9,200 |
$ 27,600 |
| Eighth Ave & West 36th Street | $ 42 | 16,000 |
$ 55,333 |
| Eighth Ave & West 39th Street | $ 40 | 11,400 |
$ 38,475 |
| W 35th St & Seventh Avenue | $ 32 | 8,500 |
$ 22,666 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 39th St & Seventh Avenue | $ 35 | 4,700 |
$ 13,708 |
| W 35th St & Eighth Avenue | $ 34 | 3,300 |
$ 9,350 |
| Seventh Ave & West 30th Street | $ 35 | 3,800 |
$ 11,083 |
| W 38th St & Between West 37th Street | $ 40 | 2,700 |
$ 8,887 |
| Eighth Ave & West 36th Street | $ 41 | 5,800 |
$ 19,816 |
| W 32nd St & Ninth Avenue | $ 50 | 2,800 |
$ 11,550 |
| W 37th St & Eight Avenue | $ 32 | 5,400 |
$ 14,400 |
| W 35th St & Seventh Avenue | $ 37 | 4,400 |
$ 13,566 |
| W 38th St & Eighth Avenue | $ 39 | 3,500 |
$ 11,375 |
| W 35th St & Between West 35th Street | $ 35 | 5,600 |
$ 16,333 |
| Address | $ / SF | SF | Monthly Rent |
|---|---|---|---|
| W 35th St & Seventh Avenue | $ 34 | 2,300 |
$ 6,516 |
| W 39th St & Eighth Avenue | $ 38 | 1,600 |
$ 5,066 |
| Eighth Ave & West 36th Street | $ 38 | 1,600 |
$ 5,066 |
| W 32nd St & Ninth Avenue | $ 48 | 1,800 |
$ 7,275 |
| W 35th St & Between West 35th Street | $ 35 | 2,100 |
$ 6,125 |
| W 37th St & Ninth Avenue | $ 37 | 1,900 |
$ 5,920 |
| W 37th St & Eight Avenue | $ 35 | 2,400 |
$ 7,000 |
Lease 29 West 35th Street
Rent 29 West 35th Street Property Overview
| 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 West 35th Street Amenities
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 at 29 West 35th Street
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 West 35th Street Access
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.
Optimal Spaces negotiates tenant deals, typically securing 15-20% savings. We find the perfect commercial space in New York, offering a wide range of options: office, educational, industrial, retail, medical, and loft spaces.
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