38 14Th StNew York, NY 10003

Property Details for 38 14Th St

Year built

1910

Lot size

0.07 AC

Property size (Sq ft)

7,530 SF

Zone code

C6-4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

00565-0008

APU

5650008

Description

This exceptional retail opportunity presents 9,042 square feet of prime commercial space located at 38 E 14th Street in New York, NY 10003. Situated in New York County, this property offers a unique chance to establish or expand a business in a vibrant and high-traffic area. The space is currently entirely vacant, providing a blank canvas for a prospective tenant to customize to their specific needs. The property is classified as street retail, ensuring excellent visibility and accessibility for customers. The building is divisible, with a minimum leasable space of 3,014 square feet and a maximum contiguous space of 3,014 square feet. This allows for flexibility, accommodating businesses of various sizes. Multiple units are available, presenting an opportunity for a single tenant to occupy the entire space or for several businesses to co-locate. The property's location in the heart of New York City offers unparalleled access to a diverse and densely populated customer base. This is an exceptional chance to secure a prominent retail presence in one of Manhattan's most dynamic neighborhoods. The property's total square footage is 9,042 square feet, providing ample space for a wide range of retail concepts. Interested parties are encouraged to inquire for further details and leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $1,543,718

  6.5%

  $1,424,970

  7%

  $1,323,187

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,524,998

  Geo Method

  $1,524,998

• Alternative Use

  Use

  Valuation

  Residential

  $1,424,970

  Hospitality

  $1,305,265

  Educational

  $1,085,965

  Medical

  $1,123,314

  Retail

  $1,689,280

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7349

Longitude

-73.9917

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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