NGKF Capital Markets has been appointed as exclusive broker for the sale of 33 West 14th Street, a 2,582-square-foot development site between 5th and 6th Avenues.
The property presents a unique development opportunity for a new retail and residential building, with potential to also take advantage of additional air rights from neighboring properties. With a total depth of 103.25 feet, the site offers up to 15,544 square feet of floor area ratio (FAR) on West 14th Street and has 25 feet of frontage along the north side of West 14th Street. The existing two-story building built in 1947 is 4,932 square feet.
“We are pleased to be selected as the exclusive broker for this development site in the heart of Manhattan,” said David Noonan, NGKF Capital Markets senior managing director. He continued, “Located along one of Manhattan’s major retail thoroughfares, this property provides an excellent opportunity for a newly constructed retail destination. It offers the benefits of a thriving residential condominium market in Greenwich Village and the Flatiron District.”
Noonan leads the team marketing the property for sale along with NGKF Capital Markets Senior Managing Director Jennifer Schwartzman.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with its affiliates and London-based partner Knight Frank, NGKF’s 12,000 professionals operate from more than 330 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.