Map of Property

323 E 14th St

323 E 14th St, New York, NY 10003

  • For Sale $4,750,000
  • Property Type Multi-Family
  • Property Size 9,532 SF
  • Units 15
  • Date Updated May 5, 2025

Prime Gramercy Park/East Village Investment Opportunity

Ariel Property Advisors presents 323 East 14th Street, a rare value-add mixed-use multifamily opportunity uniquely located on the border of Gramercy Park and the East Village in Manhattan. This 23 ft wide, 5-story walk-up building sits on a 23 ft x 103.25 ft lot and is zoned C1-6A, presenting both residential and commercial potential from a few angles:

Free Market Conversion*: The property contains 15 residential apartments, of which 13 are currently vacant and 2 are occupied. All units are currently rent stabilized, but the amount of vacancy and building condition make it a potential candidate for deregulation through a ‘substantial rehabilitation’ as defined under New York City and New York State rent regulations.

Owner-user Potential: Rare opportunity for owner-users seeking vacant residential space in Lower Manhattan.

Retail Conversion: With strong foot traffic and being adjacent to the popular Artichoke Pizza eatery, converting the ground floor to retail could yield long term upside.

Available Development Rights: Approx. 1,432 square feet of unused air rights could allow for the addition of an extra floor or, eventually, extensions on the rear of the building through the recent reduction in setback requirements from the City of Yes for Housing Opportunity. With flexible value-add and owner-user potential, 323 East 14th Street is an ideal opportunity for converters, owner-users, and investors seeking opportunities in one of NYC’s most sought-after neighborhoods.

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Contacts

broker
Howard Raber

Ariel Property Advisors

broker
Michael A. Tortorici

Ariel Property Advisors

Location

Getting Around

  • Walk Score ®

    100/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    97/100 Biker's Paradise
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  • City New York, NY
  • Neighborhood Gramercy Park
  • Zip Code 10003

Points of Interest

  • 3rd Avenue

    0.17 miles

  • Union Square

    0.38 miles

  • 1 Avenue & Houston St

    0.67 miles

  • Broadway & 23rd Street at Southeast Corner

    0.68 miles

  • Second Ave (F,V)

    0.69 miles

  • Broadway & 23rd Street at Northeast Corner

    0.70 miles

  • Allen St & Houston St

    0.70 miles

  • Bleecker Street & Lafayette Street at Northeast Corner

    0.70 miles

  • Bleecker Street & Mulberry Street at Southeast Corner

    0.71 miles

  • Bleecker Street & Lafayette Street at Northwest Corner

    0.71 miles

  • BP

    0.53 miles

  • ChargePoint

    0.54 miles

  • Blink

    0.97 miles

  • Tesla Supercharger

    1.12 miles

  • Mobil

    1.14 miles

  • Gulf

    1.65 miles

  • Sonamax

    1.87 miles

  • Citgo

    1.94 miles

  • Bolla

    2.22 miles

  • Village View Parking Area 2

    0.44 miles

  • Village View Parking Area 1

    0.45 miles

  • Village View Parking Area 3

    0.48 miles

  • Skyport

    0.56 miles

  • Edison ParkFast

    0.58 miles

  • Waterside Plaza Parking

    0.67 miles

  • Edison Park Fast

    0.73 miles

  • Vincent 15 Parking LLC

    0.81 miles

  • Icon Parking

    0.82 miles

  • Red Ball Garage

    0.84 miles

  • Union Square Inn

    0.15 miles

  • Hotel 17

    0.20 miles

  • East Village Hotel

    0.26 miles

  • The Inn at Irving Place

    0.32 miles

  • Hyatt Union Square New York

    0.35 miles

  • St. Mark's Hotel

    0.36 miles

  • W Hotels

    0.40 miles

  • The Standard, East Village

    0.47 miles

  • The Marcel

    0.52 miles

  • American Dream Bed & Breakfast

    0.52 miles

  • Artichoke Basille's Pizza

    0.01 miles

  • Pila de Boba

    0.03 miles

  • The Halal Guys

    0.03 miles

  • Kati

    0.05 miles

  • Empanada Mama

    0.07 miles

  • Bait and Hook

    0.07 miles

  • Panda Express

    0.08 miles

  • KFC

    0.08 miles

  • New Arc Chicken

    0.08 miles

  • Tio Pio

    0.08 miles

  • Manhattan Comprehensive Night And Day High School

    0.04 miles

  • Institute for Collaborative Education

    0.06 miles

  • High School for Health Professions and Human Services

    0.08 miles

  • Immaculate Conception School

    0.14 miles

  • East Village Community School

    0.15 miles

  • Twelfth Street Academy

    0.19 miles

  • East Side Community High School

    0.22 miles

  • Chabad of Gramercy Park

    0.26 miles

  • Public School 40

    0.27 miles

  • Salk School of Science

    0.27 miles

  • 14th Street Y - Childcare

    0.05 miles

  • Samuel J. Heyman Early Childhood Center

    0.26 miles

  • Bright Horizons Early Education & Preschool

    0.29 miles

  • Explore + Discover Early Learning Center

    0.57 miles

  • The Accorn School

    0.57 miles

  • New Amsterdam School

    0.58 miles

  • NY Kids Club

    0.64 miles

  • Push My Swing

    0.70 miles

  • Esciela Hispana Montessori

    0.75 miles

  • Alpha Bet Preschool of Murray Hill

    0.77 miles

Frequently Asked Questions

How much does 323 E 14th St cost?

The space currently listed for sale at 323 E 14th St asks for $4,750,000.

What is the total square footage of 323 E 14th St?

323 E 14th St totals 9,532 square feet.

Looking for more in-depth information on this property?

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