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    131 14Th St New York, NY 10011

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    Prime NYC mixed-use, 11,550 SF

    Property size:
    11,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 131 W 14th Street in Manhattan's vibrant Chelsea neighborhood offers a compelling investment opportunity. The 11,550 square foot building, constructed in 1920 and renovated in 1983, features a five-story structure on a 2,581 square foot lot. The property is zoned C6-2A and includes a ground lease. The building boasts first-floor retail space delivered in shell condition, providing flexibility for customization to suit a new owner's specific needs. Above the retail space are four floors of apartments, offering spacious living areas and modern amenities. This presents a dual-income stream potential: leasing the retail space or utilizing it for a business, and collecting rent from the residential units. Chelsea's robust rental market, with a 6.1% increase in rents over the past year, makes this an attractive proposition. The property's location is highly desirable, with proximity to Union Square Park, The New School, Parsons School of Design, and Lenox Hill Northwell Greenwich Village Hospital. Excellent public transportation access is provided by numerous subway lines (1, 2, 3, F, M, L, N, Q, R, and W) within walking distance. The seller is offering 50% mortgage financing to facilitate a smooth transaction. This prime location in a rapidly growing area, coupled with the building's versatile layout and financing options, makes 131 W 14th Street an ideal investment for both owner-users and investors.

    Property Features for 131 14Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,550 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1920/1983
    Buildings
    1
    Stories
    5

    HighLights

    • Prime mixed‑use investment opportunity in Manhattan's Chelsea neighborhood.
    • Located near Union Square Park, The New School, Parsons School of Design, and Lenox Hill Northwell Greenwich Village Hospital.
    • Excellent public transportation access via multiple subway lines (1, 2, 3, F, M, L, N, Q, R, and W).
    • Strong rental market with recent rent increases.
    • 50% seller financing available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Emergency Dental Service ... Dental Clinic Darden Dorothy Beauty Salon Rindelph Greene Group Lawn Care Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -73.9981766
    Latitude
    40.7381627

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    FAQs

    What type of property is this?
    Mixed-use property - Prime NYC mixed-use, 11,550 SF
    Where is this mixed-use property located?
    The property is located at 131 14Th St New York, NY.
    What are key features of this property?
    This property features: Prime mixed-use investment opportunity in Manhattan's Chelsea neighborhood.; Located near Union Square Park, The New School, Parsons School of Design, and Lenox Hill Northwell Greenwich Village Hospital.; Excellent public transportation access via multiple subway lines (1, 2, 3, F, M, L, N, Q, R, and W).
    Request Owner's contact information
    131 14Th St New York, NY 10011
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    Realmo Value Estimation

    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.

    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
    131 14Th St New York, NY 10011
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