Mixed-Use Building with
212 W 14th St Unit BUILDING, New York, NY 10011
For Sale
New
$10,000,000
Eight occupied apartments are paired with vacant ground-floor commercial space and a large garden.
Property Size9,750 SF
Price / SF$1,025
Days on Market6
Property Features for 212 W 14th St Unit BUILDING
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Public Transit
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Amenities
garden
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Jsun Laliberte
Source:
Edifyny
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 5:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-story mixed-use property contains 9,750 square feet, with eight occupied apartments above a ground-level retail or restaurant space. The commercial area is vacant and opens to a large garden previously used for outdoor dining. The building dates to 1915 and is described as well maintained.
At 212 W 14th St, the property is one block from subway service at Eighth Avenue (A, C, E and L trains) and Seventh Avenue (1, 2 and 3 trains). It sits among Greenwich Village, Chelsea, the West Village and the Meatpacking District.
The building uses 2.95 FAR against a permitted 6.02 FAR, with roughly 10,000 square feet of development rights unused. Any development scope should be confirmed with an architect and the relevant city agencies.
At 212 W 14th St, the property is one block from subway service at Eighth Avenue (A, C, E and L trains) and Seventh Avenue (1, 2 and 3 trains). It sits among Greenwich Village, Chelsea, the West Village and the Meatpacking District.
The building uses 2.95 FAR against a permitted 6.02 FAR, with roughly 10,000 square feet of development rights unused. Any development scope should be confirmed with an architect and the relevant city agencies.
Key Highlights
- Five‑story building with 9,750 total square feet
- Eight occupied apartments above vacant ground‑floor retail or restaurant space
- Large garden previously used for outdoor dining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$310,781
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,215,620
$6.2M
Cap Rate 7%
$4,439,729
$4.4M
Cap Rate 9%
$3,453,122
$3.5M
Market Conditions
NOI Build-Up for 9,750 SF
Gross rent
$585.0K $60.00/SF
− Vacancy
−$87.8K −$9.00/SF
EGI
$497.3K $51.00/SF
− OpEx
−$186.5K −$19.13/SF
NOI
$310.8K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,215,620
Cap Rate 7%
$4,439,729
Cap Rate 9%
$3,453,122
Alternative Uses
Best Use
Mixed Use
$4.44M
$3.88M – $5.18M
NOI $310,781 @ 7.0% cap · market cap 3.11%
Second Best
Apartment 5plus
$4.36M
$3.81M – $5.08M
NOI $305,051 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$6.82M
$5.96M – $7.95M
NOI $477,150 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,490
Businesses Nearby
Explore this area
Business Placement
Demographics for 10011, NY
53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in New York, NY
Properties on Market for Mixed-use properties in New York
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight occupied apartments are paired with vacant ground-floor commercial space and a large garden.
Where is this mixed-use property located?
The property is located at 212 W 14th St Unit BUILDING New York, NY.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Five‑story building with 9,750 total square feet; Eight occupied apartments above vacant ground‑floor retail or restaurant space; Large garden previously used for outdoor dining
