30-32 East 14th Street offers several development/redevelopment opportunities, as well as stable cash flow deriving from its current use. The building may be entirely demolished and replaced by a new ground-up development totaling approximately 42,000 zoning square feet. Currently a 5-story, mixed-use property comprising of 16 free market residential units and two commercial retail spaces. Nestled in the heart of Manhattan's famed Union Square, the property enjoys easy access to some of the city's most iconic sights and sounds, including NYU, Parson School of Design, New School campuses and nearby Washington Square
park. The building's two retail spaces benefit from proximity to one of the city's most heavily trafficked shopping districts.
Built in 1910, but renovated in the interim, the building nevertheless maintains a classic New York aesthetic. The property's residential units feature ceilings as high as 14 feet and exposed brick walls. Some upper floor apartments also boast incredible views of surrounding environs and skylight windows. Best of all, units are of varying sizes and layouts, accommodating a variety of household sizes and budgets.