446-448 W 14th St - Office FOR SALE


New York, NY 10014- Meatpacking District
$31,000,000 USD
212-230-5996
446-448 W 14th St, New York, NY for Sale
$31,000,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

446-448 W 14th St
New York, NY 10014
Meatpacking District


HIGHLIGHTS

  • 100% Occupied by The Puttery
  • Significant Capital Investment
  • Prime Retail Asset
  • 50 Feet of Frontage
  • ˜ Nine Years Remaining on Lease
  • Corporate Lease Guaranty from Drive Shack Inc.

OVERVIEW

Avison Young is pleased to present the exclusive opportunity to acquire 446 West 14th Street, a fully leased, cash-flowing retail asset located in the heart of Manhattan’s iconic Meatpacking District. Positioned along one of New York City’s most vibrant and heavily trafficked retail corridors, the property offers investors a rare combination of long-term income security, high-profile tenancy, and institutional-quality real estate. The three-story, 22,285-square-foot building features 50 feet of prime frontage along West 14th Street and includes a fully built-out lower level and an activated rooftop bar, maximizing functionality and revenue potential. The property is 100% leased to The Puttery, an upscale mini golf bar concept that has rapidly emerged as a leader in the experiential “eatertainment” space. Backed by Drive Shack Inc. (OTC: DSHK), a publicly traded leisure and entertainment operator, The Puttery benefits from a corporate lease guaranty and has approximately nine years of term remaining on a NNN lease, with the tenant responsible for 100% of real estate taxes.

FOR SALE DETAILS

PRICE

$31,000,000 USD

PRICE/SF

$1,391 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,149 SF

ZONING

M1-5, New York, (E9)

APN/PARCEL ID

0646-0014

ASK ABOUT THIS PROPERTY

Brent GlodowskiAvison YoungMore Info
212-230-5996

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Brent GlodowskiAvison YoungMore Info
212-230-5996

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.