Mixed-Use SRO Building in Chelsea for Sale

$7,250,000
215 West 14th Street, Manhattan, New York, NY, USA
Price: $7,250,000
Building Type: Mixed-Use
Lot Sq Ft 3,000
Lot Dimensions 25'x120'
Zoning: R8B / C6-2A
Stories: 5
Residential Units: 16
Neighborhood: Chelsea
Retail Units: 1
Residential FAR: 6.02

About this property

ONE Commercial Realty Services has been retained on an exclusive basis for the sale of 215 West 14th Street. The subject property is a 5 story, mixed-use walkup SRO, with one (1) retail unit and sixteen (16) SRO units. The property is located on the north side of 14th Street between 7th Avenue and 8th Avenue. The retail tenant has a 10 year lease expiring in August of 2022, with 3% annual escalations and the tenant is responsible for 65% of taxes above the base year 2012/13. Transportation routes include the 1, 2, 3, F, L, M, A, C, and E subway lines as well as the M14A, M14D, and M20 bus routes.

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