212 14Th StNew York, NY 10003

Property Details for 212 14Th St

Year built

1920

Lot size

0.06 AC

Property size (Sq ft)

9,895 SF

Zone code

C16A

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

00469-0014

APU

4690014

Description

This exceptional 1,600-square-foot retail space, located at 212 West 14th Street in New York County, presents a truly unique investment opportunity. Situated at the crossroads of the West Village and Meatpacking District, this single-tenant property boasts an enviable location on a high-traffic block, ensuring maximum visibility and exposure. The space is completely turn-key, ideal for a restaurant, bar, or cafe, and features a stylish, high-end renovation. The interior includes a large open dining area, a full bar, a fully equipped kitchen, and a spacious full basement, providing ample storage and operational space. A significant advantage is the inclusion of a very large and attractive private outdoor patio, perfect for al fresco dining or additional seating. The property's wide frontage further enhances its appeal and maximizes street presence. This below-market opportunity combines a superb location with a fully equipped, move-in-ready space, making it an exceptional offering for discerning entrepreneurs. The property is currently vacant, allowing for immediate occupancy and customization to suit the tenant's specific needs.

• CAP approach

  CAP return

  Valuation

  6%

  $2,028,564

  6.5%

  $1,872,521

  7%

  $1,738,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,003,965

  Geo Method

  $2,003,965

• Alternative Use

  Use

  Valuation

  Residential

  $1,872,521

  Hospitality

  $1,715,219

  Educational

  $1,427,042

  Medical

  $1,476,120

  Retail

  $2,219,844

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7328

Longitude

-73.9867

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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