Cushman & Wakefield has been exclusively retained to sell 325 East 14th Street, a 5-unit, 23’ wide, approximately 7,498 SF above grade, entirely free market walkup building. The property is located on the north side of East 14th Street between First and Second Avenues in the heart of the East Village and just south of Gramercy and Stuyvesant Town.
The building has been exceptionally well-maintained by the current owner who has had the property in their family for over 65 years. The property consists of three (3) free market floor-through two-bedroom apartments above two retail/commercial floors. The apartments offer immediate upside on lease trade-out through renovation in an extremely high growth submarket. The ground floor retail unit has an extension, private garden, and a basement for storage. The space was most recently occupied by The Crocodile Lounge but is now vacant and ready for occupancy. The parlor floor is commercial use and could be combined with the ground floor for dining, banquet/event space or as an eating & drinking establishment per the current CofO. The parlor floor benefits from its exceptional 12’ 9” ceiling height and two ornate fireplaces.
325 East 14th Street is situated between First and Second Avenues in the prime East Village neighborhood. Nearby attractions and neighborhood staples include Union Square Park with the Greenmarket, Gramercy Park, Stuyvesant Square Park, Tompkins Square Park, McSorley’s Old Ale House, Orpheum T
