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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    328 14Th St New York, NY 10003

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2914827
    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.

    Current Use by Public Records

    • Carmelite Sisters / Religious Organization
    • Our Lady of Guadalupe at St. Bernard /Nuestra Señora de Guadalupe en San Bernardo / Catholic Church
    • LibertyX Bitcoin ATM / Atm
    • Pila de Boba / Bubble Tea Store
    • Ali Baba Smoke Shop / Tobacco Shop / Lottery Retailer

    Property Details for 328 14Th St

    Property type
    Commercial real estate

    Description

    This exceptional retail space, located at 328 E 14th St in New York City's vibrant East Village, offers 600 to 1,000 square feet of adaptable space. Previously occupied by a flagship Artichoke Pizza location, this ground floor unit boasts high foot traffic and is fully vented, making it ideal for a wide range of uses. The space is available as a single unit or can be combined with an adjacent space for a larger footprint. Its versatile design allows for various business types, including restaurants, cafes, salons, retail shops, and more. The property is situated in New York County, within the East Village submarket of New York City Manhattan, offering excellent visibility and accessibility. The asking price is negotiable. This is a fantastic opportunity to establish a business in a thriving and densely populated area. The space's prior use as a successful restaurant demonstrates its potential for high volume and profitability. Its adaptable nature allows for customization to suit a variety of business needs and concepts. Consider this prime location for your next venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9838982
    Latitude
    40.7316199

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      Prime Retail Space in Manhattan

      Retail space in Union Square/Flatiron, ideal for various businesses.
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    Similar Nearby for Lease

    • $200 SF/Yr
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      East Village Retail Space Available

      Brand new, 300 sq ft retail space.
      70 1Th St, New York, NY 10003
      View Details
    • Contact for pricing
      4,200 SF

      Restaurant/Retail Space in Murray Hill

      Vented restaurant/retail space with large outdoor patio in Murray Hill.
      560-576 3Rd Ave, New York, NY 10003
      View Details
    • Contact for pricing
      1,019 SF

      Astor Place Retail/Restaurant Space

      Turn-key retail/restaurant space near Astor Place subway station.
      443 Lafayette St, New York, NY 10003
      View Details
    • Contact for pricing
      600 SF

      Turn Key Restaurant Space

      Restaurant space adjacent to Harvest Collegiate High School.
      18 E 14Th St, New York, NY 10003
      View Details
    • $13,750 /Mo
      1,150 SF

      Broadway Retail Space Available

      Retail space for rent with high ceilings and foot traffic.
      3821-3837 Broadway, New York, NY 10003
      View Details
    • Contact for pricing
      1,252 SF

      Prime Retail Space in Manhattan

      Retail space in Union Square/Flatiron, ideal for various businesses.
      16 W 18Th St, New York, NY 10003
      View Details
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    328 14Th St
    New York, NY 10003
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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