137 W 14th St

Investment Highlights

Repositioning opportunity. DOB approved plans for 11,365 SF. Exempt from Good Cause Eviction. Three-story vacant mixed-use elevator building. New Configuration: nine units & ground floor retail plus legal cellar. Across from Pratt Institute | Two blocks west of Union Square.

Executive Summary

137 West 14th Street presents investors with a viable repositioning opportunity for a fully free market asset which is exempt from Good Cause Eviction. The property is currently configured as a 3-story plus cellar mixed-use, elevatored commercial building, with 6,977 SF above grade and a 2,581 SF separate rentable basement ? perfect for a speakeasy. The property is being delivered vacant with full demolition completed and ready for permits. The property benefits from C6-A zoning which allows for multiple uses. Current ownership has recently obtained DOB approval to convert the building to residential and add one additional floor for a total of 11,365 SF. There will be nine residential units, one retail unit on the ground level and a legal cellar. Located in prime Greenwich Village / Chelsea at the nexus of Union Square and Flatiron, 137 West 14th Street is well situated between the 14th Street / 6th Avenue and the 14th Street / 8th Avenue Subway Stations. The immediate area benefits from one-of-a-kind foot traffic and is anchored by three of the busiest subway stations.

• Sale Type    Investment or Owner User
• Sale Condition    Building in Shell Condition
• Property Type    Retail
• Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Bar General Retail Restaurant OfficeLoft Creative Space Storefront Retail/Residential
• Building Size    9,500
• Building Class    C
• Year Built    1920
• Price    5,500,000
• Price Per SF    579
• Percent Leased    Vacant
• Tenancy    Multiple
• Building Height    3 Stories
• Building FAR    1.82
• Land Acres    0.12 AC