Meridian Capital Group announced today that its Institutional Investment Sales Group sold the classic office and retail asset located at 34-42 West 14thStreet. Located at the crossroads of Union Square and Greenwich Village, 40 West 14th Street is replete with the character and physical attributes that have made the neighborhood so popular among commercial and residential tenants alike. The property, constructed in the early 1900s, features exposed brick, soaring ceiling heights and private entrances for each tenant, for a building-within-a-building atmosphere.
The Meridian team of Helen Hwang, Karen Wiedenmann, Brian Szczapa, Jacob Schmuckler, and Jenna Catalon represented the seller in the transaction.
“40 West 14th Street represents all the best Midtown South assets have to offer,” said Helen Hwang, Senior Executive Managing Director and Head of Meridian’s Institutional Investment Sales Team. “The property was perhaps one of the most sought-after assets we have ever marketed, and attracted a wide range of investor types.”
40 West 14th Street features approximately 25,000 square feet of ground floor retail space on both West 13th and West 14th Streets, as well as additional air rights, a dynamic tenant roster, and an unparalleled location; surrounded by premier shopping districts, trendy restaurants and nightlife destinations, convenient transportation, and access to the finest educational institutions the New York City has to offer.