212 W 14th St Unit BUILDING, New York, NY 10011

Property Description

Five-story, mixed-use building. Eight apartments over a ground-floor retail/restaurant space with a large garden. 9,750 total square feet, built in 1915 and well maintained. At the center of Greenwich Village, Chelsea, West Village, and the Meatpacking District.The eight residential apartments are delivered occupied and producing income.The commercial space is delivered vacant, which is an opportunity. Whoever buys this controls the retail outright: build out a concept, place a tenant, set the rent. The space fronts a wide stretch of 14th Street with a large garden, previously used for outdoor dining. One block from the A, C, E, L at Eighth Avenue, and the 1, 2, 3 at Seventh.The building is also underbuilt. It uses 2.95 of a permitted 6.02 FAR, which leaves roughly 10,000 square feet of development rights unused. On this stretch, that kind of room rarely comes available. Buyers should confirm scope with their own architect, Landmarks, and the Department of Buildings.Income in place, a vacant commercial space with real flexibility, and the development rights are still unused. Full rent roll and financials on request.Conceptual renderings are provided for illustrative purposes only and depict one potential restaurant design and use of the space. Renderings include proposed alterations to finishes, storefront, lighting, landscaping, furnishings, and décor and do not represent the property's current condition. All proposed alterations and uses are subject to applicable approvals.