PHENOMENAL MIXED USE BUILDING IN CHELSEA




















Description:
This amazing building is located in Union Square on the iconic and heavily trafficked 14th Street in New York City.
131 West 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 4 floors of floor-through apartments stacked above. The 2500 sq. ft. street level retail space with a bonus 900 sq. ft. basement is delivered in a shell condition allowing the new owner to build out to specifications. The 2500 sq ft apartments feature spacious living areas, modern amenities, and all the necessary utilities to help tenants feel right at home.
Highly accessible with the 1,2,3, F, M, L, N, Q, R, and W subway trains all within a quick walk.
FINANCIALS
Ground FLOOR- Retail, Vacant
Projected Monthly- $18K / Projected Yearly- $216K
2nd FlOOR APT-
Monthly Rent- $12.2K / Annual Rent- $146K ,
Projected Monthly- $12.2K / Projected Yearly- $146.4K,
3rd FLOOR APT-
Monthly Rent-$11.5K / Annual Rent- $138K ,
Projected Monthly- $11.5K / Projected Yearly-$138K,
4th FLOOR APT -
Monthly Rent-$12K / Annual Rent- $144K,
Projected Monthly- $12K / Projected Yearly- $144K,
5th FLOOR APT - Vacant
Projected Monthly- $2,500.00 / Projected Yearly- $30K,
TOTAL RENT
Monthly Rent- $35.7K / Annual Rent- $428.4K,
Projected Monthly- $56.2K / Projected Yearly- $674.4K,
Projected NOI $494,528
Real Estate Taxes $141,530.84 Water & Sewer $2,273 Insurance $14,681 Utilities $3,600 Payroll (Super) $6,000 Elevator Maintenance $5,788
Repairs & Maintenance $6,000
Total Expenses $179,872
Actual NOI $248,528
131 West 14th Street
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.