248 14Th StNew York, NY 10011

Property Details for 248 14Th St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

8,400 SF

Zone code

C62A

Property type

Investment properties

Property subtype

Live-work space

APN

00618-0009

APU

6180009

Description

This exceptional retail opportunity in the vibrant West Village offers 2,000 square feet of ground floor space, perfectly suited for a variety of uses. The property also includes a 2,000 square foot lower level featuring a fully equipped kitchen, a small private room, an additional bar area, and six bathrooms. The space boasts significant operational advantages including existing venting and gas lines, recently updated HVAC systems, and newly renovated bathrooms. Currently, the space is largely vacant, with the exception of some existing fixtures, offering a blank canvas for a new tenant to customize. Its strategic location on West 14th Street in New York County provides unparalleled access to public transportation, with numerous subway lines (A, C, E, F, M, L, 1, 2, & 3) and bus routes within easy walking distance. The surrounding area is bustling with a high concentration of restaurants, bars, and other attractions, ensuring high foot traffic and visibility for your business. This multi-tenant property presents a rare chance to establish a thriving enterprise in one of Manhattan's most desirable neighborhoods. The flexible layout of the ground floor and lower level allows for creative design and efficient space utilization. The existing infrastructure significantly reduces upfront capital expenditures, allowing for a quicker and more cost-effective launch. Don't miss this chance to secure a prime retail location in the heart of the West Village.

• CAP approach

  CAP return

  Valuation

  6%

  $1,388,771

  6.5%

  $1,281,942

  7%

  $1,190,375

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,097,544

  Geo Method

  $1,097,544

• Alternative Use

  Use

  Valuation

  Residential

  $1,589,608

  Hospitality

  $1,456,073

  Educational

  $1,211,436

  Medical

  $1,253,099

  Retail

  $1,884,455

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7393

Longitude

-74.0021

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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