Skip to main content

Office Vacant-User

132 West 14th Street - Le Gallerie

132 W 14th St, New York, NY 10011

Listing Price: $20,000,000

Gross SF
62,428
Rentable SF
62,428
Price/Gross SF
$320.37
Lot Size
0.18 acres
Year Built
1912

Investment Overview

Marcus & Millichap is pleased to offer for sale the leasehold interest in Le Gallerie located at 132 West 14th Street, New York, NY 10011. The Property is a vacant 62,428 square foot, seven story commercial building between Sixth Avenue and Seventh Avenue. 14th Street is one of Manhattan’s most important corridors and the Property is steps from many NYC subway lines, including the A, N, Q, 2, 3, 4 and 5 express lines. The Property is at the crossroads of Greenwich Village and the Flatiron District, two of Manhattan’s premier live-work-play submarkets - perfect for enticing the new generation of office workers. Immediately south of the Property is a NYC Historic District, ensuring north and south light and air in perpetuity. In 2021, ownership structured a new 99 year ground lease with the fee owner, the Salvation Army. The lease includes a three-year free rent period, a $10.41/sq. ft. base rent and no fair- market value resets or uncapped CPI resets.

Investment Highlights

  • Vacant 62,428 sq. ft. office building
  • Located in prime Greenwich Village
  • Close proximity to various modes of transportation

Exclusively Listed By

Office Vacant-User

132 West 14th Street - Le Gallerie

Listing Price: $20,000,000

Gross SF
62,428
Rentable SF
62,428
Price/Gross SF
$320.37
Lot Size
0.18 acres
Year Built
1912

Investment Highlights

  • Vacant 62,428 sq. ft. office building
  • Located in prime Greenwich Village
  • Close proximity to various modes of transportation

Investment Overview

Marcus & Millichap is pleased to offer for sale the leasehold interest in Le Gallerie located at 132 West 14th Street, New York, NY 10011. The Property is a vacant 62,428 square foot, seven story commercial building between Sixth Avenue and Seventh Avenue. 14th Street is one of Manhattan’s most important corridors and the Property is steps from many NYC subway lines, including the A, N, Q, 2, 3, 4 and 5 express lines. The Property is at the crossroads of Greenwich Village and the Flatiron District, two of Manhattan’s premier live-work-play submarkets - perfect for enticing the new generation of office workers. Immediately south of the Property is a NYC Historic District, ensuring north and south light and air in perpetuity. In 2021, ownership structured a new 99 year ground lease with the fee owner, the Salvation Army. The lease includes a three-year free rent period, a $10.41/sq. ft. base rent and no fair- market value resets or uncapped CPI resets.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower