137 West 14th Street

For Sale: Prime West 14th Street Commercial Building – 100% Free Market – Value Add Opportunity

137 West 14th Street, New York, NY
Asking Price $5,250,000
Type Commercial
Neighborhood Greenwich Village
Properties 1
Lot Size 25.00' x 103.25'
Zoning Code C6-2A / R8B
Size 6,981 SF
Stories 3 plus cellar
Units 8
Air Rights

Investment Highlights:

Meridian Investment Sales is pleased to present exclusively for sale 137 West 14th Street, a 3-story plus cellar, commercial building. With excellent two-way traffic and visibility from 14th Street and a prime location at the nexus of Union Square, Flatiron, Chelsea, and Greenwich Village, 137 West 14th Street is a prime 6,981 square foot commercial building with excellent foot/car traffic. The ground floor is occupied by Offside Tavern, a local New York Islander bar, while creative and commercial tenants occupy the upper floors and cellar. The ground floor tenant is leased until the end of 2027 while most of the remaining tenants rollover by the end of 2021. As a result, this is excellent opportunity to renovate the upper floors and reposition to high-end commercial uses or simply increase rents closer to market. The basement is leased through February of 2023 to a music recording studio, but also offers a massive walk-in, commercial grade freezer that is used by the bar on the ground floor. The building also features incredible ceiling heights and has an elevator servicing the entire building.

Location:

Situated at the nexus of Union Square, Flatiron, Chelsea, and Greenwich Village

Property Listing Contact:

David Schechtman // Senior Executive Managing Director // 800 3rd Ave., New York, NY // 212.468.5907 // dschechtman@meridiancapital.com

Lipa Lieberman // Managing Director // 800 3rd Ave., New York, NY // 212.468.5908 // llieberman@meridiancapital.com

Abie Kassin // Director // 800 3rd Ave., New York, NY // 212.468.5909 // akassin@meridiancapital.com