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208 E 14th St - Dunkin' - 9% Return - Assumable Financing 1,070 SF Retail Condo Unit Offered at $2,950,000 in New York, NY 10003
Investment Highlights
- ±1,064 SF Retail Condominium Located at 208 East 14th Street in Manhattan’s East Village / Union Square Corridor
- The Unit was Constructed Brand-New in 2013, and it Comes With Incredibly Attractive Interest-Only Assumable Financing
- Leased to Dunkin’ — a Nationally Recognized Quick-Service Restaurant Operator with 10,000+ Locations in the US
- Positioned Within a Dense Urban Retail Corridor with Strong Pedestrian and Transit Traffic
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.83% |
| Sale Type | Investment |
| Cap Rate | 5.83% |
Description
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.
Sale Notes
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 208 E 14th St | 1,070 SF | Retail | $2,950,000 ($2,757.01/SF) | $171,945 |
Unit 208 E 14th St
| Unit Size |
| 1,070 SF |
| Condo Use |
| Retail |
| Price |
| $2,950,000 ($2,757.01/SF) |
| NOI |
| $171,945 |
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Unit 208 E 14th St
| Unit Size | 1,070 SF |
| Condo Use | Retail |
| Price | $2,950,000 ($2,757.01/SF) |
| NOI | $171,945 |
| Sale Type | Investment |
| Cap Rate | 5.83% |
| Description | |
| 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.</li></ul> | |
| Sale Notes | |
| 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 95,899 SF | Floors | 8 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 11,460 SF |
| Property Subtype | Year Built | 2014 | |
| Building Class | B | Lot Size | 0.53 AC |
| Zoning | C1-6A | ||
| Total Building Size | 95,899 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 8 |
| Typical Floor Size | 11,460 SF |
| Year Built | 2014 |
| Lot Size | 0.53 AC |
| Zoning | C1-6A |
Amenities
Site Amenities
- 24 Hour Access
- Fitness Center
- Cabana
- Doorman
- Grill
- Roof Terrace
- Storage Space
- Bicycle Storage
- Elevator
- Lounge
- Zen Garden
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 83 | - | - |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Dunkin' |
-
|
Jan 0000
|
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Matterport 3D Exterior
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Street
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208 E 14th St - Dunkin' - 9% Return - Assumable Financing
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