This amazing building is located on the iconic and heavily traffic 14th St NYC. 131 West 14th Street is a prme 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 Tenant Monthly Rent Annual Rent Projected Monthly Projected Yearly Ground - Retail Vacant $20K $240K 2nd Floor - 5 Bedroom $10K $12K $10K $120K 3rd Floor - 5 Bedroom $10.5K $126K $10.5K $126K 4th Floor - 5 Bedroom $12K. $144K. $144K $144K 5th Floor - 5 Bedroom $2,299.37 $27K. $2,299.37 $27K TOTAL $34K. $417K $54K. $657K Projected NOI $492K Real Estate Taxes $142,667.00 Water & Sewer $3,600.00 Insurance $10,662.12 Utilities $1,800.00 Payroll (Super) $4,200.00 Elevator Maintenance $5,940.00 Repairs & Maintenance $1,750.00 -------------------------------------------------- Total Expenses $163K Actual NOI $246,973 PROJECTED NOI ( with commercial space rented) $486,000
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