132 W 14th St, New York, NY, 10011-7301, US

132 West 14th Street (Sales)

Attributes

Rentable area

62,144 sf

Building area gross

55,979 sf

Land area gross

7,692 sf

Year renovated

2025

Floors

Zoning

C6-2A

Asset description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to arrange for the sale of the leasehold position in “Le Gallerie” at 132 West 14th Street (“The Property”), a brand new, state-of-the art commercial office building located in the iconic Greenwich Village neighborhood of Manhattan. Boasting nearly 75’ of frontage along the south side of 14th Street between Sixth and Seventh Avenues, the newly constructed building features approximately 62,144 square feet across seven (7) stories and will be delivered vacant for immediate occupancy.

As designed the building features approximately 6,000 RSF at grade and approximately 8,550 RSF on each of the upper six floors. Each office floor includes luxury residential style kitchens and bathrooms, nano wall conference rooms, and high-end lighting and finishes. The roof deck is multi-tiered, showcasing several BBQ areas, bars with running water, conference and lounge areas, televisions, and internet service. Furthermore, due to the low-rise nature of the surrounding buildings, the roof deck also offers stunning views of Manhattan with direct vantage points of NYC landmarks the Empire State Building and the World Trade Center.

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Investment highlights

NEWLY CONSTRUCTED ASSET: 132 West 14th Street is a newly constructed commercial office building that is outfitted with new interiors and finishes, along with all of the amenities for modern office users. The building includes four (4) floors that are pre-built with high-end hotel style office spaces. The KPG Bespoke designed floors include luxury residential style kitchens, private gyms, top-of-the line lighting and finishes, and nano wall conference rooms that collapse for large event style spaces.

CUTTING EDGE CONNECTIVITY AND INFRASTRUCTURE FEATURES: Le Gallerie is designed to enhance productivity, security, and convenience through cutting-edge smart technology. The building is equipped with various systems including Savant, Akuvox, Avigilon Alta, Sonos, Lutron, and Cooler Master.

VACANT DELIVERY: The Property will be delivered entirely vacant, allowing for an opportunity for a user buyer to immediately occupy the space and benefit from the rights of ownership.

STATE-OF-THE-ART AMENITY PACKAGE: Prospective tenants will have access to a state-of-the-art amenity package, inclusive of high-end residential style kitchens and bathrooms, nano wall conference rooms, private gyms with showers, and a multi-tiered roof deck with BBQs, TVs, internet service, and lounge areas.

ICAP ABATEMENT: Future ownership will have the opportunity to capitalize on the Lessee’s recent repositioning of the asset through New York City’s Industrial & Commercial Abatement Program (“ICAP”), which is projected to be worth over $1,600,000 over a 10-year period. The Lessee has filed all appropriate applications and is in compliance with all ICAP procedures.

LIGHT, AIR AND EXPANSIVE VIEWS: The retail and office floors feature expansive windows and have been specifically sized and designed for optimal natural light and air. The office floors have great ceiling heights, ranging from 9’6” to 13’. Furthermore, the low-rise nature of the surrounding buildings to the south creates an opportunity for excellent views which is rare for mid-block buildings.

STUNNING ROOFTOP AMENITY: The brand new 7,000 SF roof deck offers tenants access to incredible views of both the northern and southern exposures, which is very rare for a midblock building in Manhattan. The roof amenities are like those of a five star hotel, featuring barbecues, bars, televisions, internet service, conference areas, and lounge areas. The roof is accessed by 2 high speed elevators.

EXCELLENT LOCATION AND CONNECTIVITY: The Property is located at the nexus of some of NYC’s most transformative and iconic submarkets including Greenwich Village, Chelsea, Union Square and the Meatpacking District. Modern office tenants continue to prioritize access to transportation and Le Gallerie is located within a 5-minute walk from the 1, 2, 3, 4, 5, 6, N, Q, R, W, F, M, and L subway lines, in addition to the PATH.