131 14Th StNew York, NY 10011

Property Details for 131 14Th St

Year built

1920

Lot size

0.06 AC

Property size (Sq ft)

11,550 SF

Zone code

C62A

Property type

Commercial real estate

APN

00790-0018

APU

7900018

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $2,185,712

  Hospitality

  $2,002,100

  Educational

  $1,665,724

  Medical

  $1,723,011

  Retail

  $2,591,126

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7382

Longitude

-73.9981

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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