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Property profile & analytics
OFF-MARKET
Office Spaces
446-448 14th St New York, NY 10014
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US63-3394954
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1936
Total area
15,416 SF
Lot
0.12 ac (5,162 SF)
Zoning code
M1-5
APN
00646-0014
UPID
US63-3394954
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Meat Pack 14 Realty LLC
Meat Pack 14 Realty LLC
since 2026
Last sale
$23.5M
7 recorded transactions
Zoning & alternative use
M1-5 · 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
—
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
$377,880
Tax year 2024
Assessed value
$3,778,200
Assessed 2024
Previous assessed
$3,509,550
+7.7% YoY
Effective rate
10.00%
On assessed value
Assessed land
$675,000
Assessed improvement
$3,103,200
Land market value
$1,500,000
Improvement market value
$6,428,000
Total market value
$7,928,000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1936
Heating
NONE
Buildings
1
Stories
3
Units
3
Total area
15,416 SF
Lot
0.12 ac (5,162 SF)
Zoning code
M1-5
APN
00646-0014
UPID
US63-3394954
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-5 · New York, NY
Zoning M1-5 · permitted uses
M1-5 · 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
1936
Heating
NONE
Stories
3
Buildings
1
Units
3
Lot
0.12 ac
Current owner
From public records · entity-resolved
Meat Pack 14 Realty LLC
Entity
Mailing address
600 5TH AVE FL #9, NEW YORK, NY 10020-2311
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
$23,518,000
Meat Pack 14 Realty LLC
Meatpacking Retail LLC
Deed
—
Dec 3, 2024
$5,003,918
Meatpacking Retail LLC
Referee Julian Kahanu White Esq.
Deed
—
Oct 10, 2018
—
446 W 14111 Street Assocs LLC
—
Loan Modification
related
$21,060,843 · Th Com'l Mtg LLC
Jun 24, 2010
—
446 West 14th Street Assocs Ll
—
Trustees Deed
related
$5,000,000 · Valley National Bank
Dec 31, 2008
—
446 West 14th St Assocs LLC
—
Deed Of Trust
related
$22,000,000 · Morgan Stanley Mtg Capital INC
Apr 3, 2007
$23,400,000
446 West 14th Street Asociates LLC
Abraham Jacobi
Deed
$12,400,000 · Morgan Stanley Credit Corp
Mar 21, 2007
—
Joseph Jangana INC
446 W 14 Realty LLC
Grant Deed
related
—
Dec 8, 2006
$13,000,000
446 W 14 Realty LLC
F & C 446 Realty LLC
Grant Deed
related
$6,835,000 · Sovereign Bank
Dec 8, 2006
—
446 W 14 Realty LLC
—
Deed Of Trust
related
$9,600,000 · Sovereign Bank
Feb 3, 2005
$6,500,000
Alex
446 West 14th St Realty Corp
Grant Deed
—
—
—
446 West 14th Street Assocs Ll
—
Deed Of Trust
related
$8,500,000 · Morgan Stanley Mtg Cap Holding
—
—
446 West 14th St Assocs LLC
—
Deed Of Trust
related
$13,500,000 · Valley National Bank
—
—
F & C 446 Realty LLC
—
Deed Of Trust
related
$3,000,000 · Capitalsource Finance LLC
—
—
446 West 14th Street Assocs Ll
—
Deed Of Trust
related
$13,500,000 · Morgan Stanley Mtg Cap Holding
—
—
446 West 14th St Assocs LLC
—
Deed Of Trust
related
$18,500,000 · Valley National Bank
—
—
446 West 14th Street Assocs Ll
—
Deed Of Trust
related
$14,355,285 · Aareal Cap
—
—
446 West 14th Street Assocs Ll
—
Loan Modification, Consolidation And Extension
related
$31,500,000 · Aareal Cap
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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