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27786263
27786264

327 E 14th Street, New York, NY 10003

RA
NY NY 10301221766
Horvath & Tremblay
Listed by Horvath & Tremblay
$3,850,000
229 days on market
Updated 25 days ago

327 East 14th Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,440
Net Rentable (SqFt) 2,386
Units 11
Cap Rate 5.15%
NOI $198,330
Occupancy 100%
Price per SqFt $708
Year Built 1910
Buildings 1
Stories 5
Lot Size (SqFt) 2,178
Ownership Fee Simple

Multifamily | 11 Units | $350,000/unit

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 327 East 14th Street in New York, NY (the “Property”). The five-story building contains seven (7) 1-Bedroom/1-Bathroom units, one (1) 2-Bedroom/1-Bathroom unit, and three (3) Studio units with 2,386 square feet of gross living area and 5,440 square feet of gross area. The Property is situated upon a 0.05- acre parcel and is situated on the northern border of the desirable East Village in Manhattan.

327 East 14th Street is ideally located in Manhattan’s East Village, one of New York City’s most dynamic and highly desirable neighborhoods. The property sits between 1st and 2nd Avenues, offering excellent visibility and walkability in a bustling residential and commercial corridor. Residents and tenants benefit from immediate access to a wide array of dining, retail, entertainment, and cultural amenities that define the East Village lifestyle. The property also provides exceptional connectivity, with the L train at 1st Avenue just steps away, and multiple subway lines at Union Square— including the 4, 5, 6, N, Q, R, and L—ensuring convenient access to the rest of Manhattan, Brooklyn, and beyond. Proximity to major thoroughfares such as 14th Street, Houston Street, and the FDR Drive further enhances accessibility. This prime location supports strong tenant appeal and longterm value.

Investment highlights

TRANSPORTATION & CONNECTIVITY

327 East 14th Street in New York boasts exceptional connectivity with access to the L train at First Avenue just steps away, and comprehensive subway service at nearby Union Square, connecting to the 4, 5, 6, N, Q, R, and W lines for citywide travel. Multiple bus routes including the M14A, M14D, M15-SBS, M101, M102, and M103 serve the area along 14th Street and First Avenue, aided by the Select Bus Service and the dedicated 14th Street Busway for efficient cross-town and north-south transit. Regional transportation, such as the PATH train, is accessible within a short walk for connections beyond Manhattan. Cab service and private car options are readily available along major thoroughfares, while proximity to the FDR Drive and Williamsburg Bridge provides quick access to New York's highway network and neighboring boroughs. This strategic location makes commuting, errands, and leisure travel effortless for residents and visitors alike, ensuring that every mode of local and regional transportation is within easy reach.

AREA AMENITIES & DEMAND DRIVERS

327 East 14th Street is nestled in the vibrant East Village near Gramercy Park, one of Manhattan's most energetic and culturally rich neighborhoods, offering residents immediate access to a dynamic blend of urban amenities and lifestyle conveniences. The area features renowned dining options such as Strip House Steakhouse, ABC Kitchen, and Cathédrale, alongside popular casual eateries like East Village Pizza and 2 Bros Pizza, specialty coffee at 787 Coffee, and delis including 5 Seasons Deli and Whole Foods Market for groceries and artisan foods.

Retail and shopping is anchored by Trader Joe's, Whole Foods Market, and Union Square’s bustling selection of stores, with additional convenience from local markets, boutiques, and shops along 14th Street and nearby avenues. Recreation and leisure are minutes away at Union Square Park, Tompkins Square Park, and Asser Levy Playground, with the surrounding neighborhood fostering a walkable, amenity-rich environment that draws residents, students from NYU and Parsons, and visitors seeking authentic New York experiences.

DESIRABLE EAST VILLAGE LOCATION

327 East 14th Street is located in the heart of Manhattan’s East Village, one of New York City’s most vibrant and sought-after neighborhoods. Known for its eclectic mix of culture, nightlife, and dining, the East Village attracts a diverse community of residents and visitors alike. The property enjoys a prime location along East 14th Street, offering excellent visibility and walkability, with an abundance of restaurants, cafés, shops, and entertainment venues just steps away. Proximity to Union Square provides access to a major retail hub, farmers market, and multiple subway connections, while nearby Tompkins Square Park and other green spaces enhance livability. This highly desirable setting combines authentic neighborhood character with unmatched convenience, making 327 East 14th Street an attractive address for tenants and long-term value creation.

UTILITIES

The Property is separately metered for electricity, which tenants pay directly. The Landlord is responsible for gas powered heat and hot water, common area electricity, and domestic water and sewer.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 255,100 people live within 1 mile of the Property with an average household income of $225,370. Over 1,257,900 people reside within 3 miles of the Property with an average household income of $234,303.

QUALITY OF LIFE AMENITIES

327 East 14th Street offers a vibrant quality of life with a rich calendar of community events and lifestyle amenities that reflect the dynamic spirit of the East Village. Residents can partake in The Village Trip Festival, an annual cultural celebration featuring diverse music performances, art exhibitions, guided historic walks, and talks that highlight the neighborhood’s deep artistic roots. The local community gardens host seasonal tours showcasing creativity and green space pride, offering a peaceful urban oasis experience.

For ongoing cultural engagement, the East Village Community Coalition organizes events like the Charlie Parker Jazz Festival, outdoor film screenings in Tompkins Square Park, and art exhibitions that foster community connections. Seasonal street fairs such as the East Village Street Fair bring artisan goods and live entertainment, enhancing the neighborhood’s lively atmosphere.

In terms of lifestyle, residents enjoy an eclectic mix of boutique shopping, vintage stores, and specialty markets alongside major retailers like Whole Foods and Trader Joe’s. Dining options range from iconic local delis and pizza joints to sophisticated eateries and trendy coffee spots, reflecting the area’s diverse culinary scene. This vibrant blend of events, shopping, dining, and cultural offerings defines the exceptional quality of life at 327 East 14th Street, making it a sought-after address that captures authentic New York City living.

Listing Contacts

RA
NY NY 10301221766
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$198,330.00
$16,527.50/mo

Valuation Metrics

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DSCR
5.15%
Cap Rate
5.15%
ROI

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Additional Information

Name
Ethan Cole
License
10491208561
Title
Broker of Record
Name
Robert Aaron
License
NY 10301221766
Brokerage
Horvath & Tremblay
Title
Real Estate Associate Broker
Brokerage Address
104 West 40th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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