Nest Seekers

Five story, mixed use building.

212 West 14th Street
New York, NY 10011

Listing

Web ID:5791865
Website:https://www.nestseekers.com/5791865
Cross street:Seventh Avenue
Building:212 West 14th Street
Type:Townhouse
Era:Post-war
Floors:5

Property

Ownership: Rental Property
Rooms: 28
Bedrooms: Studio

Financials

Price:$10,000,000

Description

Five-story, mixed-use building. Eight apartments over a ground-floor retail/restaurant space with a large garden. 9,750 total square feet, built in 1915 and well maintained. At the center of Greenwich Village, Chelsea, West Village, and the Meatpacking District.

The eight residential apartments are delivered occupied and producing income.

The commercial space is delivered vacant, which is an opportunity. Whoever buys this controls the retail outright: build out a concept, place a tenant, set the rent. The space fronts a wide stretch of 14th Street with a large garden, previously used for outdoor dining. One block from the A, C, E, L at Eighth Avenue, and the 1, 2, 3 at Seventh.

The building is also underbuilt. It uses 2.95 of a permitted 6.02 FAR, which leaves roughly 10,000 square feet of development rights unused. On this stretch, that kind of room rarely comes available. Buyers should confirm scope with their own architect, Landmarks, and the Department of Buildings.

Income in place, a vacant commercial space with real flexibility, and the development rights are still unused. Full rent roll and financials on request.

Conceptual renderings are provided for illustrative purposes only and depict one potential restaurant design and use of the space. Renderings include proposed alterations to finishes, storefront, lighting, landscaping, furnishings, and décor and do not represent the property's current condition. All proposed alterations and uses are subject to applicable approvals.

Amenities

  • Voice Intercom
  • Floorplan Floorplan

Location

212 West 14th Street New York NY 10011 USA

Contact

Downtown/Soho, NY
594 Broadway, New York, NY 10012, USA
Phone: +1 646-924-4319
soho@nestseekers.com
Listing Courtesy of Douglas Elliman Real Estate
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