14 Vesey St New York, NY 10007-2906
Property profile & analytics
14 Vesey St New York, NY 10007-2906
- Office buildings
- 30,000 SF
- 0.17 lot acres
Property ID
US63-1917680
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 14 Vesey St
- Year built
- 1930
- Lot size
- 0.17 lot acres
- Property size
- 30,000 SF
- Zone code
- C5-3
- Property type
- Office buildings
- APN
- 00088-0002
- APU
- 880002
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $19,100,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $16,700,000
- 6.5%
- $15,415,000
- 7%
- $14,315,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $17,082,000
Market price range: $4.55M - $36.8M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $19,165,000 Current use
- WAREHOUSE, STORAGE
- $24,515,000 Change: +28% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $21,740,000 Change: +13% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $16,235,000 Change: -15% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0092
- Latitude
- 40.7119
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$247,595
$675,000
$1,662,570
$2,337,570
-
$1,500,000
$3,897,000
$5,397,000
