450 West 14th Street | TRD Research




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450 West 14th Street

450 West 14th Street
New York, NY 10014
Office, Leasing/Rental

450 West 14th Street is a 103,878 square foot property built in 1934 in the West Village neighborhood of Manhattan. The property has 2 total units and has an occupancy classification of "office space."

  • Address 450 West 14th Street
  • neighborhood West Village
  • borough Manhattan
  • floors 15
  • Year Built 1934
  • total units 2
  • square feet 103,878
  • block and lot 1-00646-7502
  • Event Office Leasing
  • Address 450 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 7,300
The branding firm signed a lease on the 12th floor.
  • Event Sales
  • Address 450 West 14th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 102,000
  • Price $ 15,000,000
  • Price per foot $ 147.06
Winthrop Realty acquired a $15 million preferred equity interest in the entity that holds the leasehold interest in the building. The investment is subject to a $54 million first-mortgage loan.

Thor High Street Advisors (a brokerage arm of Sitt’s Thor Equities) was seeking $4 million annually for the prime corner occupied by the Gaslight Lounge at 400 West 14th, which comes to about $600 per square foot for the ground floor. The lounge has three years left on its lease, and the listing late last year was seen as an effort to test the strength of the market. But no one took it, and insiders blamed an overly aggressive asking rent. Other spaces, like the new construction at 450 West 14th Street, which RKF once represented, have also sat empty...

Other buildings in the neighborhood attracting rents above or near $70 per square foot include 450 West 14th Street and 15 Little West 12th Street, brokers said...