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208 E 14th St
New York, NY 10003 East Village

$2,950,000 USD

Apartments Condo For Sale  •  1,070 SF

Property Details

  • Property Type Apartments
  • Total Building Size 95,899 SF
  • Lot Size 0.53 AC
  • Building Class B
  • Year Built 2014
  • Zoning C1-6A
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit 208 E 14th St Retail 1,070 SF $2,950,000 USD
  • Unit Size: 1,070 SF
  • Condo Use: Retail
  • Price: $2,950,000 USD
  • Sale Type: Investment
  • Price/SF: $2,757.01 USD
Description
The subject offering is a 1,064 square foot retail condominium located at 208 East 14th Street #Comm1 (the “unit”) in Manhattan’s Union Square/East Village corridor. The unit is leased to Dunkin’, one of the nation’s leading quick-service restaurant operators, providing investors with stable cash flow from one of the largest retail brands in the world. Positioned on 14th Street, between 2nd Avenue and 3rd Avenue, the site is located steps away from the corner of 3rd Avenue, as well as the entrance to the L Train (3rd Avenue Station). The property benefits from strong pedestrian traffic, dense surrounding residential population, and immediate access to major subway lines connecting the East Village, Union Square, and Gramercy neighborhoods.

Sale Notes
The retail condominium is located at the base of a newly constructed mixed-use building completed in 2013. This property comes with an incredibly attractive assumable loan of $1,825,000 that runs through February 15, 2030. The loan is at 3.75% interest-only, with a yearly annual debt service payment of $68,438. Positioned within one of Manhattan’s most active retail corridors, 208 East 14th Street offers investors the opportunity to acquire a stabilized retail condominium leased to a nationally recognized tenant in a highly desirable Manhattan location.

Highlights

±1,064 SF Retail Condominium Located at 208 East 14th Street in Manhattan’s East Village / Union Square Corridor
Leased to Dunkin’ — a Nationally Recognized Quick-Service Restaurant Operator with 10,000+ Locations in the US
The Unit was Constructed Brand-New in 2013, and it Comes With Incredibly Attractive Interest-Only Assumable Financing
Positioned Within a Dense Urban Retail Corridor with Strong Pedestrian and Transit Traffic

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Dishwasher
  • Fitness Center
  • Microwave
  • Washer/Dryer
  • Heating
  • Cabana
  • Doorman
  • Grill
  • Kitchen
  • Hardwood Floors
  • Oven
  • Stainless Steel Appliances
  • Roof Terrace
  • Storage Space
  • Bicycle Storage
  • Elevator
  • Lounge
  • Zen Garden
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
14 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 2 min 12 min 0.6 mi
9 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 3 min 16 min 0.8 mi
Transit/SubwayDriveWalkDistance
3 Avenue (L - New York MTA Subway (The Subway)) 0 min 2 min 0.1 mi
1 Avenue (L - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
14 Street-Union Square (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway), L - New York MTA Subway (The Subway), N - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
Astor Place (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 3 min 7 min 0.4 mi
8 Street-New York University (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 2 min 8 min 0.4 mi
AirportDriveWalkDistance
LaGuardia 20 min - 9.3 mi
Newark Liberty International 23 min - 13.2 mi
John F Kennedy International 29 min - 17.4 mi
Scott Plasky 917-539-0402 Marcus & Millichap
Scott Plasky 917-539-0402 Marcus & Millichap