High-Traffic Commercial Condos | Chelsea
2 Condos Online Auction Sale New York, NY
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INVESTMENT HIGHLIGHTS
- Offering a vacant high-traffic retail storefront and a Use Group 4 community space, these commercial condos support a variety of commercial uses.
- Businesses at the property are supported by a 1-mile population of more than 193,000 that provided consumer spending exceeding $3.5B in 2024.
- Direct frontage to the vibrant 14th Street corridor provides the storefront unit with brand exposure to more than 15,000 passing daily vehicles.
- Units enjoy elevated foot and vehicle traffic from nearby demand-drivers, including Google's NYC HQ, the High Line, and Chelsea Market.
- Located at the base of the upscale d’Orsay apartment community, the units enjoy a built-in audience of affluent potential customers.
EXECUTIVE SUMMARY
Providing two contiguous ground-floor commercial retail condos at the heart of Manhattan’s renowned Chelsea neighborhood, this opportunity at 211 W 14th Street provides an exciting acquisition for both owners/users or value-add investors. These contemporary condos will both be delivered vacant, allowing a new owner to immediately operate from the space or deploy a new leasing strategy.
Sitting at the foot of the d’Orsay upscale multifamily community, the versatile condominiums at 211 W 14th Street provide quality commercial space ideal for a variety of business uses. The offer includes a retail storefront measuring 469 square feet and a unit designated for a community facility that spans another 392 square feet. The community facility unit has Use Group 4 zoning, permitting use as a healthcare facility, a house of worship, a community center, or a nonprofit organization. The storefront unit boasts high ceilings and will be delivered in mostly shell condition, allowing a new owner to quickly create a customized space for their business. Sitting with direct frontage to the vibrant 14th Street corridor, the retail unit is visible to more than 15,000 vehicles each day, providing businesses with strong brand exposure in a highly desirable market.
Strategic positioning at the link connecting many of Manhattan’s most desirable neighborhoods, including Chelsea, the West Village, and the Meatpacking District, places 211 W 14th Street near a multitude of traffic-driving destinations and amenities. The condos are within blocks of Google NYC headquarters, with over 14,000 staff, the Pratt Institute’s NYC Campus, and the Chelsea Market. Providing an endless array of boutique retailers and popular eateries, the Chelsea Market is one of the most trafficked destinations in the city that is visited by more than 6 million people each year. The immense wave of people that flock to enjoy the area’s museums, waterfront views, and historic brownstone homes delivers a robust potential customer/client base for businesses at the condos.
Bring your business home with these exceptional ground-floor commercial condos that offer strong brand exposure and a top-tier location in one of Manhattan’s trendiest neighborhoods at 211 W 14th Street.
Sitting at the foot of the d’Orsay upscale multifamily community, the versatile condominiums at 211 W 14th Street provide quality commercial space ideal for a variety of business uses. The offer includes a retail storefront measuring 469 square feet and a unit designated for a community facility that spans another 392 square feet. The community facility unit has Use Group 4 zoning, permitting use as a healthcare facility, a house of worship, a community center, or a nonprofit organization. The storefront unit boasts high ceilings and will be delivered in mostly shell condition, allowing a new owner to quickly create a customized space for their business. Sitting with direct frontage to the vibrant 14th Street corridor, the retail unit is visible to more than 15,000 vehicles each day, providing businesses with strong brand exposure in a highly desirable market.
Strategic positioning at the link connecting many of Manhattan’s most desirable neighborhoods, including Chelsea, the West Village, and the Meatpacking District, places 211 W 14th Street near a multitude of traffic-driving destinations and amenities. The condos are within blocks of Google NYC headquarters, with over 14,000 staff, the Pratt Institute’s NYC Campus, and the Chelsea Market. Providing an endless array of boutique retailers and popular eateries, the Chelsea Market is one of the most trafficked destinations in the city that is visited by more than 6 million people each year. The immense wave of people that flock to enjoy the area’s museums, waterfront views, and historic brownstone homes delivers a robust potential customer/client base for businesses at the condos.
Bring your business home with these exceptional ground-floor commercial condos that offer strong brand exposure and a top-tier location in one of Manhattan’s trendiest neighborhoods at 211 W 14th Street.
DATA ROOM Click Here to Access
- Operating and Financials
- AG Plan and Amendments
- Condo Declaration
- Purchase Agreement
- Title and Insurance
- Register to Bid Instructions
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
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-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
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Transacted Units
999
999
999
Average Units
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/Unit Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/Unit
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
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Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per Unit
New York - NY USA
Market Cap Rate
New York - NY USA
Market Sale Price per Unit by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per Unit Distribution
Market Cap Rate Distribution
PROPERTY FACTS
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Total Building Size | 861 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT |
|---|---|---|---|
|
d'Orsay
211 W 14th St, Ground - Unit Community Facility, New York, NY 10011 |
Office/Retail Condo | 392 SF | 2018 |
|
d'Orsay
211 W 14th St, Ground - Unit Retail, New York, NY 10011 |
Retail Condo | 469 SF | 2018 |
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SALE ADVISORS
SALE ADVISORS
James Ariola, Senior Associate
(212) 698-2572
Contact
James Ariola is a Senior Associate with Cushman & Wakefield and an experienced New York area expert. They have worked in their current position since September of 2016, after working as a Property Development Assistant for Falcon Development Ground. After graduating from Fairfield University in 2014, James got their start as a Client Relationship Manager in the financial services industry.
Meagan Bonan, Senior Associate
(917) 698-5800
Contact
Meagan Bonan is a Senior Associate and Retail Leasing Specialist with Cushman & Wakefield. They have been with the company since July of 2016, following three years working as the Director of Retail Leasing for MHP Real Estate Services. A Trinity College Graduate, Meagan brings over a decade of commercial experience, as well as a robust background working in the media industry.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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