100 Avenue A - Retail 135 West 14th Street
135Avenue West 14th Street 100 A - Retail
Newly Developed Village Long Term Leased Retail Interest Chelsea VacantEast Retail Condo For Sale
FOR SALE
Asking Price: $4,250,000
A retail condo at the base of Loft 14, a luxury eight-story boutique condo building located on the north side of West 14th Street between Sixth and Seventh Avenues. The retail space is currently owner occupied by a high end hair salon but will be delivered vacant. The retail unit consists of 1,634 SF of ground floor space with and an 826 SF sellable lower level, both with 12' ceiling heights, for a total of 2,460 SF. Additionally, the space has limited use restrictions, a glass facade and 18’ of frontage on West 14th Street. The property is located between Union Square and the Meatpacking District where foot traffic is in excess of 35,000 people per day in the corridor stretching from Fifth Avenue to Ninth Avenue. It is also less than one block from the 14th Street stop for the 1, 2, 3, F, M, and L train which sees annual ridership of over 16 million people, making it one of the busiest subway stations in all of Manhattan. This is a rare opportunity for an investor to acquire a vacant retail condo to lease on the fast growing 14th Street retail corridor or a user to purchase and occupy for their own purpose.
PROPERTY INFORMATION BLOCK / LOT ZONING DIMENSIONS USAGE GROUND FLOOR SF
790 / 1301 C6-2A 18' x 100' Irr. DRY USE ONLY 1,634
LOWER LEVEL SF
826
TOTAL RETAIL SF
2,460
RE TAX ASSESSMENT (16/17)
$242,740
RE TAXES (16/17)
$31,272
COMMON CHARGES (16/17)
$23,449
FOR MORE INFORMATION, PLEASE CONTACT: James Nelson Brock Emmetsberger James Nelson Michael DeCheser Vice Chairman Senior Managing Director Vice 696 Chairman Executive Director (212) 2500 x397710 (212) 660 7776 (212) 696 2500 x397710 (212) 660 7772 [email protected] [email protected] [email protected] [email protected]
Carly Weinreb Billy Simons Matthew Nickerson Darragh Clarke Senior Associate Director Associate Director Associate Director (212) 589 5114 (212) 660 7794 (212) 660 7742 [email protected] (212) 660 7737 [email protected] [email protected] [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue, 3rd Floor New York, NY 10016 www.nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo
Cushman & Wakefield 2016. Noclient warranty representation, express or implied, is made the accuracy orconnote completeness of connection, the information contained herein, and by same is submitted to errors, of or price, rental or other conditions, withdrawal without or property (other thanCopyright Cushman & Wakefield’s and the or Property offered by Cushman & Wakefield) is incidental only,to and is not intended to any affiliation, association, sponsorship or approval or between that whichsubject is incidentally depictedomissions, and Cushmanchange & Wakefield its client. notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
135Avenue West 14th Street 100 A - Retail
Newly Developed Village Long Term Leased Retail Interest Chelsea VacantEast Retail Condo For Sale
FOR SALE RETAIL REVENUE SPACE
TOTAL SF
LEASE EXP.
MONTHLY RENT
$/SF
ANNUAL RENT
Ground Floor
1,634
Vacant
$20,425
$150
$245,100
Lower Level
826
Vacant
$2,065
$30
$24,780
$22,490
$110
$269,880
2,460 *Yellow denotes projection at market rent
EXPENSES
METRIC
AMOUNT
REAL ESTATE TAXES (16/17)
Actual
$31,272
COMMON CHARGES
Actual
$23,449
Projected @ $1.00/SF
$2,856
Projected @ 1.0% of EGI
$2,564
INSURANCE MANAGEMENT TOTAL:
$60,140
EFFECTIVE GROSS INCOME:
$269,880
LESS EXPENSES: NET INCOME:
FOR MORE INFORMATION, PLEASE CONTACT: James Nelson Brock Emmetsberger James Nelson Michael DeCheser Vice Chairman Senior Managing Director Vice 696 Chairman Executive Director (212) 2500 x397710 (212) 660 7776 (212) 696 2500 x397710 (212) 660 7772 [email protected] [email protected] [email protected] [email protected]
$60,140 (1)
$196,246
Carly Weinreb Billy Simons Matthew Nickerson Darragh Clarke Senior Associate Director Associate Director Associate Director (212) 589 5114 (212) 660 7794 (212) 660 7742 [email protected] (212) 660 7737 [email protected] [email protected] [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue, 3rd Floor New York, NY 10016 www.nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo
Cushman & Wakefield 2016. Noclient warranty representation, express or implied, is made the accuracy orconnote completeness of connection, the information contained herein, and by same is submitted to errors, of or price, rental or other conditions, withdrawal without or property (other thanCopyright Cushman & Wakefield’s and the or Property offered by Cushman & Wakefield) is incidental only,to and is not intended to any affiliation, association, sponsorship or approval or between that whichsubject is incidentally depictedomissions, and Cushmanchange & Wakefield its client. notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Newly Developed Village Long Term Leased Retail Interest Chelsea VacantEast Retail Condo For Sale
FOR SALE
Asking Price: $4,250,000
A retail condo at the base of Loft 14, a luxury eight-story boutique condo building located on the north side of West 14th Street between Sixth and Seventh Avenues. The retail space is currently owner occupied by a high end hair salon but will be delivered vacant. The retail unit consists of 1,634 SF of ground floor space with and an 826 SF sellable lower level, both with 12' ceiling heights, for a total of 2,460 SF. Additionally, the space has limited use restrictions, a glass facade and 18’ of frontage on West 14th Street. The property is located between Union Square and the Meatpacking District where foot traffic is in excess of 35,000 people per day in the corridor stretching from Fifth Avenue to Ninth Avenue. It is also less than one block from the 14th Street stop for the 1, 2, 3, F, M, and L train which sees annual ridership of over 16 million people, making it one of the busiest subway stations in all of Manhattan. This is a rare opportunity for an investor to acquire a vacant retail condo to lease on the fast growing 14th Street retail corridor or a user to purchase and occupy for their own purpose.
PROPERTY INFORMATION BLOCK / LOT ZONING DIMENSIONS USAGE GROUND FLOOR SF
790 / 1301 C6-2A 18' x 100' Irr. DRY USE ONLY 1,634
LOWER LEVEL SF
826
TOTAL RETAIL SF
2,460
RE TAX ASSESSMENT (16/17)
$242,740
RE TAXES (16/17)
$31,272
COMMON CHARGES (16/17)
$23,449
FOR MORE INFORMATION, PLEASE CONTACT: James Nelson Brock Emmetsberger James Nelson Michael DeCheser Vice Chairman Senior Managing Director Vice 696 Chairman Executive Director (212) 2500 x397710 (212) 660 7776 (212) 696 2500 x397710 (212) 660 7772 [email protected] [email protected] [email protected] [email protected]
Carly Weinreb Billy Simons Matthew Nickerson Darragh Clarke Senior Associate Director Associate Director Associate Director (212) 589 5114 (212) 660 7794 (212) 660 7742 [email protected] (212) 660 7737 [email protected] [email protected] [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue, 3rd Floor New York, NY 10016 www.nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo
Cushman & Wakefield 2016. Noclient warranty representation, express or implied, is made the accuracy orconnote completeness of connection, the information contained herein, and by same is submitted to errors, of or price, rental or other conditions, withdrawal without or property (other thanCopyright Cushman & Wakefield’s and the or Property offered by Cushman & Wakefield) is incidental only,to and is not intended to any affiliation, association, sponsorship or approval or between that whichsubject is incidentally depictedomissions, and Cushmanchange & Wakefield its client. notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
135Avenue West 14th Street 100 A - Retail
Newly Developed Village Long Term Leased Retail Interest Chelsea VacantEast Retail Condo For Sale
FOR SALE RETAIL REVENUE SPACE
TOTAL SF
LEASE EXP.
MONTHLY RENT
$/SF
ANNUAL RENT
Ground Floor
1,634
Vacant
$20,425
$150
$245,100
Lower Level
826
Vacant
$2,065
$30
$24,780
$22,490
$110
$269,880
2,460 *Yellow denotes projection at market rent
EXPENSES
METRIC
AMOUNT
REAL ESTATE TAXES (16/17)
Actual
$31,272
COMMON CHARGES
Actual
$23,449
Projected @ $1.00/SF
$2,856
Projected @ 1.0% of EGI
$2,564
INSURANCE MANAGEMENT TOTAL:
$60,140
EFFECTIVE GROSS INCOME:
$269,880
LESS EXPENSES: NET INCOME:
FOR MORE INFORMATION, PLEASE CONTACT: James Nelson Brock Emmetsberger James Nelson Michael DeCheser Vice Chairman Senior Managing Director Vice 696 Chairman Executive Director (212) 2500 x397710 (212) 660 7776 (212) 696 2500 x397710 (212) 660 7772 [email protected] [email protected] [email protected] [email protected]
$60,140 (1)
$196,246
Carly Weinreb Billy Simons Matthew Nickerson Darragh Clarke Senior Associate Director Associate Director Associate Director (212) 589 5114 (212) 660 7794 (212) 660 7742 [email protected] (212) 660 7737 [email protected] [email protected] [email protected]
CUSHMAN & WAKEFIELD 275 Madison Avenue, 3rd Floor New York, NY 10016 www.nyinvestmentsales.com
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our client. The depiction in the above photography of any person, entity, sign, logo
Cushman & Wakefield 2016. Noclient warranty representation, express or implied, is made the accuracy orconnote completeness of connection, the information contained herein, and by same is submitted to errors, of or price, rental or other conditions, withdrawal without or property (other thanCopyright Cushman & Wakefield’s and the or Property offered by Cushman & Wakefield) is incidental only,to and is not intended to any affiliation, association, sponsorship or approval or between that whichsubject is incidentally depictedomissions, and Cushmanchange & Wakefield its client. notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
