251 West 14th Street

251 W 14st is a 24,000 gross buildable SF property, located between the Chelsea and Meatpacking neighborhoods, off 8th Avenue. Built in the 1920s, the property features a sub grade ground floor, and is C6-2A zoned, which allows it a wide range of high-bulk residential and commercial uses. The building consists of 11 floor-through units, all with 10’+ ceiling. Top consultants in the industry have been retained to work through the planning and build out of the project for the most luxurious and top of the market finishes. The building went into contract for $23 million, around the $1000 PSF mark 2 months after being placed on the market, yielding an approximate 55% ROE.