This amazing building is located in Union Square on the iconic and heavily trafficked 14th Street in New York City.
131 West 14th Street is a prime mixed-use opportunity in the bustling Chelsea neighborhood of New York City.
The property comes equipped with first floor retail and 4 floors of floor-through apartments stacked above. The 2500 sq. ft. street level retail space with a bonus 900 sq. ft. basement is delivered in a shell condition allowing the new owner to build out to specifications. The 2500 sq ft apartments feature spacious living areas, modern amenities, and all the necessary utilities to help tenants feel right at home.
Highly accessible with the 1,2,3, F, M, L, N, Q, R, and W subway trains all within a quick walk.
FINANCIALS
Ground FLOOR- Retail, Vacant
Projected Monthly- $18K / Projected Yearly- $216K
2nd FlOOR APT-
Monthly Rent- $12.2K / Annual Rent- $146K ,
Projected Monthly- $12.2K / Projected Yearly- $146.4K,
3rd FLOOR APT-
Monthly Rent-$11.5K / Annual Rent- $138K ,
Projected Monthly- $11.5K / Projected Yearly-$138K,
4th FLOOR APT -
Monthly Rent-$12K / Annual Rent- $144K,
Projected Monthly- $12K / Projected Yearly- $144K,
5th FLOOR APT - Vacant
Projected Monthly- $2,500.00 / Projected Yearly- $30K,
TOTAL RENT
Monthly Rent- $35.7K / Annual Rent- $428.4K,
Projected Monthly- $56.2K / Projected Yearly- $674.4K,
Projected NOI $494,528
Real Estate Taxes $141,530.84
Water & Sewer $2,273
Insurance $14,681
Utilities $3,600
Payroll (Super) $6,000
Elevator Maintenance $5,788
Repairs & Maintenance $6,000
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Total Expenses $179,872
Actual NOI $248,528
Active
Price cut: $450K (7/7)
$9,300,000
131 W 14th St, New York, NY 10011
4beds
--sqft
Mixed Use
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modern amenitiesFirst floor retailFloor-through apartments
- 765 days
- on Zillow |
- 415 |
- 4 |
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