314 14Th StNew York, NY 10014

Property Details for 314 14Th St

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

15,750 SF

Zone code

C62A

Property type

Office properties

Property subtype

Office buildings

APN

00629-0028

APU

6290028

Description

This exceptional six-story, 15,750 square foot medical office building at 314 West 14th Street, between 8th and 9th Avenues in New York County, NY, presents a unique investment opportunity. Built in 1910 and renovated in 1985, the property boasts a desirable C6-2A zoning classification. Multiple suites are available, ranging from 1,100 to 2,200 square feet, with asking rents from $5,500 to $11,000 per month. The upper floors feature fully built-out medical office spaces, complete with private offices, exam rooms, bathrooms, and reception areas. A lower level space of 2,200 square feet is also available for $7,500 per month, previously used as a rehabilitation lab and adaptable for various medical uses. This ADA-compliant building includes an elevator and a separate walk-down entrance. The property benefits from excellent foot and vehicular traffic, a strong medical co-tenancy, and proximity to public transportation, Chelsea Market, The High Line, and numerous popular businesses. The 2,516 square foot lot size ensures ample space. This is an unparalleled chance to acquire a thriving medical office building in a highly sought-after Manhattan location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,603,946

  6.5%

  $2,403,642

  7%

  $2,231,953

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,057,895

  Geo Method

  $2,057,895

• Alternative Use

  Use

  Valuation

  Residential

  $2,980,516

  Hospitality

  $2,730,137

  Educational

  $2,271,442

  Medical

  $2,349,560

  Retail

  $3,533,354

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7399

Longitude

-74.0035

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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