For Sale
Call for price

131 14Th StNew York, NY 10011

Prime NYC mixed-use, 11,550 SF

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property at 131 W 14th Street in Manhattan's vibrant Chelsea neighborhood offers a compelling investment opportunity. The 11,550 square foot building, constructed in 1920 and renovated in 1983, features a five-story structure on a 2,581 square foot lot. The property is zoned C6-2A and includes a ground lease. The building boasts first-floor retail space delivered in shell condition, providing flexibility for customization to suit a new owner's specific needs. Above the retail space are four floors of apartments, offering spacious living areas and modern amenities. This presents a dual-income stream potential: leasing the retail space or utilizing it for a business, and collecting rent from the residential units. Chelsea's robust rental market, with a 6.1% increase in rents over the past year, makes this an attractive proposition. The property's location is highly desirable, with proximity to Union Square Park, The New School, Parsons School of Design, and Lenox Hill Northwell Greenwich Village Hospital. Excellent public transportation access is provided by numerous subway lines (1, 2, 3, F, M, L, N, Q, R, and W) within walking distance. The seller is offering 50% mortgage financing to facilitate a smooth transaction. This prime location in a rapidly growing area, coupled with the building's versatile layout and financing options, makes 131 W 14th Street an ideal investment for both owner-users and investors.

Highlights

  • Prime mixed-use investment opportunity in Manhattan's Chelsea neighborhood.
  • Located near Union Square Park, The New School, Parsons School of Design, and Lenox Hill Northwell Greenwich Village Hospital.
  • Excellent public transportation access via multiple subway lines (1, 2, 3, F, M, L, N, Q, R, and W).
  • Strong rental market with recent rent increases.
  • 50% seller financing available.

Property Details for 131 14Th St

Property type
Mixed-use properties
Square Feet
11,550 SF
Class
B
Year Built/Renovated
1920/1983
Buildings
1
Stories
5

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7381627
Longitude
-73.9981766
131 14Th St, New York, New York

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131 14Th St
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