131 W 14th Street
Mixed Use | 11,550 SqFt
Marketing description
131 W 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 four floors of apartments stacked above. The retail space is delivered in a shell condition allowing the new owner to build out to specifications. The apartments feature spacious living areas, modern amenities, and all the necessary utilities to help tenants feel right at home.
131 W 14th Street presents investors and owner/users with several enticing opportunities for the property. The new owner can either lease out or use the first-floor retail space for their business. Additionally, it can be converted into additional apartments to collect rents which have grown by 6.1% over the past 12 months in Chelsea.
The owner will offer 50% mortgage financing.
Investment highlights
Prime retail and residential mixed-use opportunity in the bustling Chelsea neighborhood of Manhattan.
Near Union Square Park, The New School, Parson’s School of Design, and Lenox Hill Northwell Greenwich Village Hospital.
Highly accessible with the 1, 2, 3, F, M, L, N, Q, R, and W subway trains all within a quick walk.
Chelsea has seen impressive growth in population by 0.5% over the past decade.
Rising rents and occupancies continue to attract investors to the thriving Chelsea neighborhood.
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