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    241 14Th St New York, NY 10011

    Sponsored
    For Sale
    $14,995,000

    Historic townhouse, prime location, value-add opportunity

    Property size:
    12,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,320 square foot, four-story elevator building at 241 West 14th Street presents a significant value-add opportunity in Manhattan's coveted West Village. Built in 1847 and renovated in 2007, this historically and architecturally significant property boasts a prime location at the intersection of the West Village, Meatpacking District, and Chelsea, ensuring high foot traffic and strong neighborhood fundamentals. The C6-2A zoned property sits on a 3,011 square foot lot and offers flexible use options, currently configured as an apartment building and restaurant. The building features a commercial kitchen, a rear garden, and a rooftop deck, providing significant outdoor space. Excellent public transportation access is available via multiple subway lines (1, 2, 3, A, C, E, L, F, & M). The property's versatility allows for various uses, including retail, office, or conversion to single or multi-family residential. This presents a unique chance to capitalize on strategic lease-ups, tenant repositioning, and capital improvements to maximize cash flow. The asking price is $14,995,000.

    Property Features for 241 14Th St

    General Information

    Property type
    Restaurants
    Square Feet
    12,320 SF

    Building Details

    Year Built/Renovated
    1847/2007
    Stories
    4

    HighLights

    • $14,995,000 asking price for a value‑add opportunity.
    • Prime West Village location at the crossroads of the Meatpacking District and Chelsea, with high foot traffic and excellent public transportation access (1, 2, 3, A, C, E, L, F, & M subway lines).
    • 12,320 square feet, flexible use options including retail, office, or residential conversion; features a commercial kitchen, rear garden, and rooftop deck.
    • Historically significant 1874 building offering substantial value‑add potential through lease‑ups and capital improvements.
    • Elevator building.
    • Significant outdoor space including a garden and a deck.
    Property Profile Location Intelligence

    Current Use by Public Records

    MRgreen RuUg Care Corporate Office Morning Ritual nails ... Nail Salon

    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
    -74.00146133716
    Latitude
    40.739289357113

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    FAQs

    What type of property is this?
    Restaurant - Historic townhouse, prime location, value-add opportunity
    Where is this restaurant located?
    The property is located at 241 14Th St New York, NY.
    What is the asking price?
    The asking price for this property is $14,995,000.
    What are key features of this property?
    This property features: $14,995,000 asking price for a value-add opportunity.; Prime West Village location at the crossroads of the Meatpacking District and Chelsea, with high foot traffic and excellent public transportation access (1, 2, 3, A, C, E, L, F, & M subway lines).; 12,320 square feet, flexible use options including retail, office, or residential conversion; features a commercial kitchen, rear garden, and rooftop deck.
    Request Owner's contact information
    241 14Th St New York, NY 10011
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    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
    241 14Th St New York, NY 10011
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