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    132 14Th St New York, NY 10011

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    For Lease
    Contact for pricing

    10,844 SF Retail, Two Suites Available

    Lot size:
    10,844 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional retail opportunity presents 10,844 square feet of vacant space at 132 West 14th Street in New York, NY 10011, within New York County. The property is a multi-tenant building offering two available suites. One suite offers a minimum of 4,896 square feet, while the maximum contiguous space available is 5,948 square feet. The building's total square footage is 10,844 square feet, currently entirely vacant, presenting a unique chance for a single tenant to occupy the entire space or for two tenants to occupy separate suites. The property boasts a highly desirable location at the base of a seven-story office building, ensuring high foot traffic and visibility. This vibrant area is surrounded by a diverse range of restaurants, retail shops, cultural attractions, and entertainment venues. Nearby landmarks include the High Line, Union Square Park, and the Whitney Museum, contributing to a thriving and dynamic environment. This prime location offers unparalleled access to a dense population and a strong consumer base, making it an ideal investment for businesses seeking high-impact retail space in the heart of New York City. The property's address is 132 W 14th St, New York, NY 10011.

    Property Features for 132 14Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,844 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    5,948 SF
    Space
    Lower Level
    Size
    4,640 SF

    HighLights

    • 10,844 SF of vacant retail space available at 132 West 14th Street, New York, NY 10011.
    • Two suites available: one minimum 4,896 SF, maximum contiguous 5,948 SF.
    • Entire 10,844 SF building available for single or multiple tenants.
    • High‑traffic location at the base of a seven‑story office building.
    • Prime location near the High Line, Union Square Park, and the Whitney Museum.
    Property Profile Location Intelligence

    Current Use by Public Records

    Food Distribution Center ... Food Bank Salvation Army - New ... Food Bank

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9986816
    Latitude
    40.7378097

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    FAQs

    What type of property is this?
    Retail property - 10,844 SF Retail, Two Suites Available
    Where is this retail property located?
    The property is located at 132 14Th St New York, NY.
    What are key features of this property?
    This property features: 10,844 SF of vacant retail space available at 132 West 14th Street, New York, NY 10011.; Two suites available: one minimum 4,896 SF, maximum contiguous 5,948 SF.; Entire 10,844 SF building available for single or multiple tenants.
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    132 14Th St New York, NY 10011
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    132 14Th St New York, NY 10011
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