132 - 136 WEST 14 STREET

For Sale - Manhattan - Chelsea

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Key Details

Property Type
Office Building
Neighborhood
Chelsea
Property Dimensions
74.5 x 95.0
Property Area
57,478 sq.ft.
Total Units:
2
Stories:
7
NOI
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Price
Submit Best Offer
Price Per Unit
-
Cap Rate
-%

Listing Description

· Ideal opportunity for an investor or user to enter into a new long-term lease agreement and redevelop an entire building
· Current structure 57,478 rentable square feet across seven floors. Overall Class A office average asking rent in the area is $130 PSF (as of 1/8/20)
· Excellent leasing fundamentals as the neighborhood is dominated by TAMI firms, which accounted for a third of Manhattan’s leases in 2019
· 75 feet of frontage on 14th Street offering unparalleled branding and signage possibilities on one of Manhattan’s busiest east/west corridors
· Prime Greenwich Village, centrally located between three dynamic neighborhoods—Chelsea, Union Square and the Meatpacking District
· Area benefits from one of the highest concentrations of college and university students in the city with more than 70,000 students attending nearby institutions

Property Details

Block/Lot:
609/20
Lot Dimensions
74.5 x 103.25
Lot Area
7,692 sq.ft
Zoning:
C6-2A
FAR as Built:
6.14
Max FAR:
6.5
James NelsonAvison Young
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Sales & Transactions

AddressSale PriceSale DateProperty Type
536 WEST 26TH STREET$257,000,00007/31/2018Office Building
75 9 AVENUE$2,397,501,89903/20/2018Office Building
119 WEST 25TH STREET$150,000,00012/16/2016Office Building
242 WEST 27TH STREET$6,884,00006/29/2016Office Building
161 WEST 23RD STREET$13,325,00006/08/2016Office Building
119 WEST 24TH STREET$86,637,78309/10/2015Office Building
152 WEST 24TH STREET$8,670,00008/10/2015Office Building
260 11TH AVENUE$36,725,00007/31/2015Office Building
549 WEST 26TH STREET-07/31/2015Office Building
437-439 WEST 16TH STREET$44,400,00006/17/2015Office Building