Investment Overview

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