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    Property profile & analytics
    OFF-MARKET Estimated value $17,920,000
    Office buildings

    14 Vesey St, New York, NY 10007-2906

    30,000 SF 0.17 ac lot Built 1930
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US63-1917680
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents 14 Vesey Street, a landmark five-story building in Manhattan's Financial District. Boasting approximately 33,819 square feet of gross above-grade space, this architecturally significant property, formerly the New York County Lawyers' Association Building, offers a substantial value-add potential. The building features varying ceiling heights ranging from 10 to 19 feet, providing flexibility for diverse uses. Zoned C5-3 and LM, it allows for versatile redevelopment options. Situated on a 7,583 square foot lot, the property also includes significant air rights totaling 79,926 square feet. Its prime location offers unparalleled access to multiple subway lines (A, C, J, Z, 2, 3, 4, and 5), and proximity to the World Trade Center ensures excellent connectivity and commercial vibrancy. Constructed in 1929, 14 Vesey Street represents a unique blend of historical significance, architectural beauty, and substantial development potential. The asking price is $35,000,000, translating to approximately $1,034.92 per square foot. This presents a rare chance to acquire a piece of Manhattan history with significant upside potential in a highly desirable location. The property is ideal for an owner/user seeking a unique and prestigious headquarters or a developer looking to capitalize on its significant air rights and versatile zoning.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1930
    Total area 30,000 SF
    Lot 0.17 ac (7,583 SF)
    Zoning code C5-3
    APN 00088-0002
    UPID US63-1917680
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $15.42M
    Comparable Approach Comparable
    $17.08M
    Blend (final) Blend
    $17.92M
    Owner & transaction history
    Jtre 14 Vesey LLC · 5 yrs held
    Jtre 14 Vesey LLC
    since 2021
    Last sale
    $19.0M
    7 recorded transactions
    2022
    2021
    $19.0M
    2021
    2020
    2020
    1969
    1969
    Zoning & alternative use
    C5-3 · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $24.5M +27.9%
    Commercial (general) $21.7M +13.4%
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