208 East 14th Street — Sale in New York, NY
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: New York, NY 10003
Photos
Investment Figures
- Cap rate
- 5.83%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
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. 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 Investment Highlights: • ±1,064 SF Retail Condominium Located at 208 East 14th Street in Manhattan's East Village / Union Square Corridor • The Unit was Constructed Brand-New in 2013, and it Comes With Incredibly Attractive Interest-Only Assumable Financing • Rare Opportunity to Acquire a Net-Leased Retail Condo in Manhattan Occupied by a Major National Retailer • Positioned Within a Dense Urban Retail Corridor with Strong Pedestrian and Transit Traffic
Market Context
This retail in New York, NY is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in New York, NY — view the full market.
Estimated Price per SF
$477.60/SF – $3,473/SF
Mid: $1,447/SF
About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.
Contact
- Chase Friedman
- Scott Plasky
- Joe Koicim
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