This exceptional retail opportunity is located at 20 West 14th Street in the vibrant West Village neighborhood of New York City, New York County. The property offers a total of 6,400 square feet of commercial space, currently entirely vacant and available for lease. The space is ideal for a variety of retail uses, with a minimum divisible unit of 3,000 square feet and a maximum contiguous space of 3,400 square feet. This allows for flexibility in tenant requirements, accommodating both smaller and larger businesses. The building's location in the bustling West Village provides excellent visibility and foot traffic, making it an attractive location for businesses seeking high consumer interaction. The property is situated in a prime location within New York County, offering easy access to public transportation and a dense population of potential customers. With its ample square footage and strategic location, this property presents a unique opportunity for a business seeking to establish or expand its presence in one of Manhattan's most desirable neighborhoods. The property's zip code is 10011. The entire 6,400 square feet is available for lease.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,304,302
6.5%
$2,127,048
7%
$1,975,116
Comparable approach
Method
Valuation
Relative Method
$2,276,358
Geo Method
$2,276,358
Alternative Use
Use
Valuation
Residential
$2,127,048
Hospitality
$1,948,364
Educational
$1,621,016
Medical
$1,676,765
Retail
$2,521,581
Location Insight
City
New York
County
New York
State
New York
Latitude
40.7353
Longitude
-73.9928
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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