
6
Map


529 W 42ND Street #5M
About This Property
Welcome to an exceptional opportunity to transform a unique NYC loft into your dream space. This apartment, part of a deceased estate, requires a complete gut renovation, presenting a blank canvas for those with a vision. With soaring 14-foot ceilings, this  expansive loft invites creativity and the possibility of reimagining the layout to suit your style. The unique features of this property, such as the high ceilings and potential for a complete redesign, make it a one-of-a-kind opportunity.
The potential here is limited only by your imagination. Use the generous cubic footage to maximize the space with additional rooms or open-concept designs. The apartment boasts large oversized windows that flood the space with an abundance of natural light, Â creating a bright and airy atmosphere. While it may require significant updates, the delightful potential for beautiful parquet flooring and ample storage is worth exploring.
Located at The Armory, this building captures the dynamic essence of New York City, known for its artistic flair. The building features amenities like a designated bike room, a shared rooftop deck, personal storage options, and a resident superintendent. Â Enjoy the convenience of 24/7 doorkeeper service and elevator access. Laundry facilities are available on every floor; pets are allowed with board approval.
Situated at 529 West 42nd Street, The Armory is zoned for live/work use, granting you the flexibility to tailor the space to your residential or business needs. The building encourages co-purchasing, subletting, and using guarantors, promoting a sense of  community and partnership. Financing options include 80% financing and no flip tax, with minimal rental restrictions that make short-term rentals (3 to 12 months) feasible right after purchase.
Don't miss this rare chance to reconfigure a piece of NYC history. All information regarding the property is deemed reliable, though Douglas Elliman does not guarantee its accuracy. Regulations are subject to change, and interested parties should consult  for the most current property conditions.
Listed By
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 14, 2025 | Listed by Douglas Elliman Real Estate | $929,000 | |
Listed by Douglas Elliman Real Estate |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/13/2024
|
1 Bed
|
1 Bath
|
-
|
$799,000
1 Bed
1 Bath
|
$799,000
02/03/2025
|
-
|
William Gilbert
Brown Harris Stevens Residential Sales LLC
| |
01/02/2024
|
2 Bed
|
1 Bath
|
1130 ft²
|
$899,000
2 Bed
1 Bath
1130 ft²
|
$880,000
-2.11%
06/27/2024
|
-
|
Ryan Myers
Corcoran Group
| |
06/21/2023
|
2 Bed
|
2 Bath
|
1300 ft²
|
$925,000
2 Bed
2 Bath
1300 ft²
|
$920,000
-0.54%
12/11/2023
|
Scott Bane
Corcoran Group
| ||
04/10/2023
|
2 Bed
|
1 Bath
|
1200 ft²
|
$995,000
2 Bed
1 Bath
1200 ft²
|
$990,000
-0.50%
07/19/2023
|
-
|
Marko Arsic
The Corcoran Group
| |
02/02/2023
|
2 Bed
|
2 Bath
|
1350 ft²
|
$1,385,000
2 Bed
2 Bath
1350 ft²
|
$1,235,000
-10.83%
07/11/2023
|
Martin Eiden
Compass
| ||
01/20/2023
|
Studio
|
1 Bath
|
1100 ft²
|
$899,000
Studio
1 Bath
1100 ft²
|
$840,000
-6.56%
01/23/2025
|
-
|
Kristi Ambrosetti
Sothebys International Realty
| |
10/26/2022
|
1 Bed
|
1 Bath
|
-
|
$979,000
1 Bed
1 Bath
|
-
-
|
-
|
Nicholas Oliver
Modern Spaces, LLC
| |
10/16/2022
|
2 Bed
|
1 Bath
|
1200 ft²
|
$815,000
2 Bed
1 Bath
1200 ft²
|
$820,000
+0.61%
04/17/2023
|
Matthew Nesi
Stephen P Wald Real Estate Associates Inc
| ||
09/29/2022
|
1 Bed
|
1 Bath
|
1001 ft²
|
$830,000
1 Bed
1 Bath
1001 ft²
|
$800,000
-3.61%
06/13/2023
|
-
|
Michaane Owen
Capital Realty NY LLC
| |
04/21/2022
|
1 Bed
|
1 Bath
|
1100 ft²
|
$985,000
1 Bed
1 Bath
1100 ft²
|
$985,000
08/23/2022
|
Yair Tavivian
Douglas Elliman Real Estate
| ||
03/10/2022
|
2 Bed
|
1 Bath
|
1050 ft²
|
$999,000
2 Bed
1 Bath
1050 ft²
|
$999,000
06/24/2022
|
Donna Ann Spinillo
Maz Group NY LLC
| ||
09/24/2021
|
2 Bed
|
3 Bath
|
1800 ft²
|
$1,249,000
2 Bed
3 Bath
1800 ft²
|
$1,180,000
-5.52%
05/09/2022
|
Michael Engstrom
Compass
| ||
09/16/2021
|
1 Bed
|
1 Bath
|
1140 ft²
|
$925,000
1 Bed
1 Bath
1140 ft²
|
$850,000
-8.11%
06/24/2022
|
Michael Engstrom
Compass
| ||
09/10/2021
|
1 Bed
|
1 Bath
|
-
|
$825,000
1 Bed
1 Bath
|
$775,000
-6.06%
02/11/2022
|
Carolyn Joy
Brown Harris Stevens Residential Sales LLC
| ||
08/25/2021
|
1 Bed
|
1 Bath
|
1150 ft²
|
$799,000
1 Bed
1 Bath
1150 ft²
|
$735,000
-8.01%
02/25/2022
|
-
|
Anil Jintoorkar
Prudential Douglas Elliman Real Estate
| |
05/12/2021
|
1 Bed
|
1 Bath
|
-
|
$925,000
1 Bed
1 Bath
|
$930,000
+0.54%
09/14/2021
|
Nadia Bartolucci
Douglas Elliman Real Estate
| ||
06/22/2020
|
Studio
|
1 Bath
|
-
|
$649,500
Studio
1 Bath
|
$550,000
-15.32%
06/17/2021
|
JAMES BEAUMONT
Douglas Elliman Real Estate
| ||
01/22/2020
|
2 Bed
|
3 Bath
|
-
|
$1,250,000
2 Bed
3 Bath
|
$1,250,000
05/21/2020
|
Carolyn Joy
Brown Harris Stevens Residential Sales LLC
| ||
06/18/2019
|
3 Bed
|
3 Bath
|
2050 ft²
|
$1,950,000
3 Bed
3 Bath
2050 ft²
|
$1,800,000
-7.69%
02/07/2020
|
Carolyn Joy
Brown Harris Stevens Residential Sales LLC
| ||
05/14/2019
|
Studio
|
1 Bath
|
-
|
$749,750
Studio
1 Bath
|
$675,000
-9.97%
11/21/2019
|
JoAnne Kao
JoAnne Kao NYC
| ||
11/29/2018
|
2 Bed
|
1 Bath
|
-
|
$1,199,000
2 Bed
1 Bath
|
$960,000
-19.93%
05/16/2019
|
-
|
Marion Miner
Berkshire Hathaway HomeServices New York Propertie
| |
06/05/2018
|
1 Bed
|
1 Bath
|
1140 ft²
|
$925,000
1 Bed
1 Bath
1140 ft²
|
$860,000
-7.03%
05/14/2019
|
Tetsuo Matsumoto
Corcoran Group
| ||
05/03/2018
|
2 Bed
|
1 Bath
|
1153 ft²
|
$985,000
2 Bed
1 Bath
1153 ft²
|
$975,000
-1.02%
08/07/2018
|
Isaac Halpern
Brown Harris Stevens Residential Sales LLC
| ||
07/30/2017
| |
1 Bed
|
1 Bath
|
1100 ft²
|
-
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
-
|
05/11/2017
|
1 Bed
|
1 Bath
|
900 ft²
|
$750,000
1 Bed
1 Bath
900 ft²
|
-
-
|
-
|
Andrew W Anderson
Prudential Douglas Elliman Real Estate
| |
04/13/2017
|
Studio
|
1 Bath
|
-
|
$625,000
Studio
1 Bath
|
$575,600
-7.90%
09/12/2017
|
Daniel Critchett
Serhant LLC
| ||
01/30/2017
|
2 Bed
|
2 Bath
|
-
|
$1,225,000
2 Bed
2 Bath
|
$1,225,000
02/05/2021
|
-
|
Margaret Hopp
Tungsten Property
| |
12/12/2016
|
1 Bed
|
1 Bath
|
-
|
$695,000
1 Bed
1 Bath
|
$680,000
-2.16%
04/11/2017
|
Raphael Sitruk
Corcoran Group
| ||
11/07/2016
|
2 Bed
|
2.5 Bath
|
1550 ft²
|
$1,450,000
2 Bed
2.5 Bath
1550 ft²
|
-
-
|
-
|
Millicent R. Kaye
Prudential Douglas Elliman Real Estate
| |
07/12/2016
|
Studio
|
1 Bath
|
550 ft²
|
$625,000
Studio
1 Bath
550 ft²
|
-
-
|
-
|
Thomas L. Stuart
Corcoran Group
| |
05/17/2016
|
1 Bed
|
1 Bath
|
-
|
$865,000
1 Bed
1 Bath
|
$895,000
+3.47%
10/21/2016
|
Bruce Robertson
Compass
| ||
05/13/2016
|
1 Bed
|
1 Bath
|
1250 ft²
|
$1,195,000
1 Bed
1 Bath
1250 ft²
|
-
-
|
-
|
Shawn Felker
Elliman
| |
03/09/2016
|
1 Bed
|
1 Bath
|
1100 ft²
|
$900,000
1 Bed
1 Bath
1100 ft²
|
$900,000
07/26/2016
|
Jr Barrus
Cooper & Cooper Real Estate
| ||
11/18/2015
|
1 Bed
|
1 Bath
|
1050 ft²
|
$1,095,000
1 Bed
1 Bath
1050 ft²
|
-
-
|
-
|
Linda Ho
Serhant LLC
| |
11/16/2015
|
1 Bed
|
1 Bath
|
1100 ft²
|
$1,150,000
1 Bed
1 Bath
1100 ft²
|
$875,000
-23.91%
09/08/2016
|
- Private -
|
Jodie Lutzner Garay
Compass
| |
09/10/2015
|
1 Bed
|
1 Bath
|
1100 ft²
|
$849,000
1 Bed
1 Bath
1100 ft²
|
$865,000
+1.88%
03/10/2016
|
Giefaan Kim
Keller Williams NYC
| ||
07/27/2015
|
1 Bed
|
1 Bath
|
1100 ft²
|
$945,000
1 Bed
1 Bath
1100 ft²
|
$874,000
-7.51%
07/12/2016
|
John Santulli
Elliman
| ||
04/20/2015
|
Studio
|
1 Bath
|
-
|
$799,000
Studio
1 Bath
|
-
-
|
-
|
Debra Kameros
Compass
| |
04/17/2015
|
2 Bed
|
2 Bath
|
-
|
$1,425,000
2 Bed
2 Bath
|
-
-
|
-
|
Margaret Hopp
Tungsten Property
| |
03/20/2015
|
1 Bed
|
1 Bath
|
1250 ft²
|
$1,250,000
1 Bed
1 Bath
1250 ft²
|
-
-
|
-
|
Shawn Felker
Elliman
| |
02/13/2015
|
1 Bed
|
1 Bath
|
-
|
$839,000
1 Bed
1 Bath
|
$825,000
-1.67%
08/26/2015
|
Lauren Kende
Fenwick Keats Real Estate
| ||
11/20/2014
|
1 Bed
|
1 Bath
|
1000 ft²
|
$749,000
1 Bed
1 Bath
1000 ft²
|
-
-
|
-
|
Brian K. Lewis
Compass
| |
08/19/2014
|
Studio
|
1 Bath
|
1000 ft²
|
$597,500
Studio
1 Bath
1000 ft²
|
$597,500
12/02/2014
|
Robert Geils
Corcoran Group
| ||
07/22/2014
|
2 Bed
|
1 Bath
|
-
|
$1,095,000
2 Bed
1 Bath
|
-
-
|
-
|
Karl D. Kozel
Elliman
| |
05/09/2014
|
2 Bed
|
1 Bath
|
1250 ft²
|
$1,250,000
2 Bed
1 Bath
1250 ft²
|
-
-
|
-
|
Maria Ienna
The Corcoran Group
| |
03/18/2014
|
Studio
|
1 Bath
|
1100 ft²
|
$769,000
Studio
1 Bath
1100 ft²
|
$750,000
-2.47%
09/10/2014
|
Marie Martineau
Compass
| ||
02/24/2014
|
1 Bed
|
2 Bath
|
1100 ft²
|
$750,000
1 Bed
2 Bath
1100 ft²
|
$750,000
02/05/2021
|
-
|
Marie-Claire Martineau
Compass
| |
02/12/2014
|
1 Bed
|
1 Bath
|
1100 ft²
|
$1,299,000
1 Bed
1 Bath
1100 ft²
|
$1,200,000
-7.62%
03/30/2015
|
-
|
Shawn Felker
Elliman
| |
01/29/2014
|
1 Bed
|
1 Bath
|
1100 ft²
|
$799,000
1 Bed
1 Bath
1100 ft²
|
$795,000
-0.50%
06/30/2014
|
Julie Johnson
The Heddings Property Group LLC
| ||
09/21/2013
|
1 Bed
|
1 Bath
|
1050 ft²
|
$840,000
1 Bed
1 Bath
1050 ft²
|
-
-
|
-
|
Douglas L
CORE Group Marketing LLC
| |
09/21/2013
|
1 Bed
|
1 Bath
|
1250 ft²
|
$829,000
1 Bed
1 Bath
1250 ft²
|
-
-
|
-
|
SCOTT SALTIEL
Prudential Douglas Elliman Real Estate
| |
08/27/2013
|
1 Bed
|
1 Bath
|
1100 ft²
|
$799,000
1 Bed
1 Bath
1100 ft²
|
-
-
|
-
|
Douglas L
CORE Group Marketing LLC
| |
06/12/2013
|
1 Bed
|
1 Bath
|
-
|
$755,000
1 Bed
1 Bath
|
$755,000
09/27/2013
|
Mary Hall-Mayer
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
05/16/2013
|
1 Bed
|
1 Bath
|
-
|
$765,000
1 Bed
1 Bath
|
$750,000
-1.96%
10/01/2013
|
Neil Porter
Douglas Elliman Real Estate
| ||
12/06/2012
|
1 Bed
|
1 Bath
|
-
|
$750,000
1 Bed
1 Bath
|
$750,000
03/06/2013
|
Karl Kozel
The Heddings Property Group LLC
| ||
11/28/2012
|
2 Bed
|
2 Bath
|
-
|
$1,650,000
2 Bed
2 Bath
|
$899,000
-45.52%
02/05/2021
|
-
|
Karl D. Kozel
Elliman
| |
10/25/2012
|
1 Bed
|
1 Bath
|
-
|
$699,000
1 Bed
1 Bath
|
-
06/06/2013
|
Dina Cohen
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
10/02/2012
|
1 Bed
|
1 Bath
|
-
|
$650,000
1 Bed
1 Bath
|
-
01/29/2013
|
Christopher Pomeroy
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
08/19/2012
|
3 Bed
|
2 Bath
|
2311 ft²
|
$1,450,000
3 Bed
2 Bath
2311 ft²
|
-
08/16/2013
|
Brett Compton
TOWN Residential, LLC.
| ||
09/04/2012
|