The seven-floor office building located in prime Greenwich Village is surrounded by tech companies, medical institutions and universities
Avison Young is exclusively marketing a long-term lease and redevelopment opportunity at 132 West 14th Street, a seven-floor, 57,478 square-foot office building located in the Greenwich Village neighborhood of Manhattan.
An Avison Young team comprised of James Nelson, Principal and Head of Tri-State Investment Sales, Principals Todd Korren and Jon Epstein, and Associate Director David Lawrence, are marketing the property.
This prime Greenwich Village property is centrally located between three dynamic neighborhoods including Chelsea, Union Square and the Meatpacking District. The building includes 75-feet of frontage on 14th Street which offers investors unbeatable retail potential, and branding and signage possibilities along one of Manhattan’s busiest east/west corridors.
“This is an ideal opportunity for an investor to lease and redevelop a unique Greenwich Village office building and create an exceptional space uniquely tailored for today’s workforce,” notes Nelson. ”TAMI firms such as Google, Lyft, Twitter and eBay dominate the area’s office leasing market and are now so prevalent in Manhattan that they accounted for a third of the borough’s leasing in 2019.”
The area also benefits from one of the highest concentrations of college and university students in the city with more than 70,000 students attending nearby institutions including New York University, Pratt, the New School, Cardozo Law School, St. John’s University and Cooper Union.
The 132 West 14th Street property is a short walk to Union Square, the High Line and a wide array of popular restaurants, retail, cultural institutions and other amenities. It also offers excel-lent access to transportation with two subway stations on the same block with access to the 1, 2 and 3 trains at 7th Avenue and 14th Street as well as the F, L and M and PATH trains at 6th Avenue and 14th Street. In addition, the nearby M14 bus line carries commuters along 14th Street from the Meatpacking District/West Village to the Lower East Side.
