For Sale
$14,995,000

241 14Th StNew York, NY 10011

Historic townhouse, prime location, value-add opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 12,320 square foot, four-story elevator building at 241 West 14th Street presents a significant value-add opportunity in Manhattan's coveted West Village. Built in 1847 and renovated in 2007, this historically and architecturally significant property boasts a prime location at the intersection of the West Village, Meatpacking District, and Chelsea, ensuring high foot traffic and strong neighborhood fundamentals. The C6-2A zoned property sits on a 3,011 square foot lot and offers flexible use options, currently configured as an apartment building and restaurant. The building features a commercial kitchen, a rear garden, and a rooftop deck, providing significant outdoor space. Excellent public transportation access is available via multiple subway lines (1, 2, 3, A, C, E, L, F, & M). The property's versatility allows for various uses, including retail, office, or conversion to single or multi-family residential. This presents a unique chance to capitalize on strategic lease-ups, tenant repositioning, and capital improvements to maximize cash flow. The asking price is $14,995,000.

Highlights

  • $14,995,000 asking price for a value-add opportunity.
  • Prime West Village location at the crossroads of the Meatpacking District and Chelsea, with high foot traffic and excellent public transportation access (1, 2, 3, A, C, E, L, F, & M subway lines).
  • 12,320 square feet, flexible use options including retail, office, or residential conversion; features a commercial kitchen, rear garden, and rooftop deck.
  • Historically significant 1874 building offering substantial value-add potential through lease-ups and capital improvements.
  • Elevator building.
  • Significant outdoor space including a garden and a deck.

Property Details for 241 14Th St

Property type
Specialty properties, Retail properties
Square Feet
12,320 SF
Year Built/Renovated
1847/2007
Stories
4

Location Insight

City
New York
County
New York
State
New York
Latitude
40.739289357113
Longitude
-74.00146133716
241 14Th St, New York, New York

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241 14Th St
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