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Property profile & analytics
FOR LEASE
Office buildings
348 W 14Th St New York, NY 10014
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-3202487
For Lease
1 / 2
$4,435,000
348 W 14Th St, New York, NY 10014
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1910
Total area
14,426 SF
Lot
0.06 ac (2,581 SF)
Zoning code
C62A
APN
00629-0012
UPID
US63-3202487
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
Current use
Occupant on record · Public records
-
Fabrique Bakery Bakery Specialty Food Shop
-
Genioo Consultant
-
Genioo LLC Business Management Consultant
-
Brian Scott Cohen (NMLS #410025) at Guaranteed Rate Affinity (NMLS #1598647) Loan Service Bank
-
Gravity Electrical Service Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.44M
Owner & transaction history
348 West 14th St LLC · 10 yrs held
348 West 14th St LLC
since 2016
5 recorded transactions
Zoning & alternative use
C62A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$307 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$284,325
Tax year 2024
Assessed value
$2,684,340
Assessed 2024
Previous assessed
$2,549,970
+5.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$169,200
Assessed improvement
$2,515,140
Land market value
$376,000
Improvement market value
$7,148,000
Total market value
$7,524,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1910
Heating
NONE
Buildings
1
Stories
6
Units
2
Total area
14,426 SF
Lot
0.06 ac (2,581 SF)
Zoning code
C62A
APN
00629-0012
UPID
US63-3202487
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C62A · New York, NY
Zoning C62A · permitted uses
C62A · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
6
Buildings
1
Units
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
348 West 14th St LLC
Entity
Mailing address
348 W 14TH ST, NEW YORK, NY 10014-5069
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2016
$13,765,000
348 West 14th St LLC
Rrr Industries, Limited Partnership
Deed
$3,591,799 · Bankunited, N.a.
—
—
348 West 14th St LLC
—
Loan Modification
related
$3,591,799 · Bankunited Fsb
—
—
348 West 14th St LLC
—
Loan Modification
related
$3,591,799 · Bankunited NA
—
—
348 West 14th St LLC
—
Loan Modification
related
$3,555,721 · Bankunited NA
—
—
348 West 14th St LLC
—
Loan Modification
related
$4,852,480 · Bankunited NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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