Meridian Capital Group’s Shallini Mehra, David Schechtman, and Amit Doshi recently closed on their exclusive at 137 W. 14th St., a three-story mixed-use commercial elevator building in Greenwich Village between Sixth and Seventh avenues. The property includes 6,981 square feet above grade and a 2,250-square-foot cellar and is configured with seven offices and one retail unit. It sold for $4.3 million.
“The property had been under a long-term, 50-plus-year ownership and is ready to be repositioned,” said Mehra. Due to the “flexible” current zoning, “the new owners have multiple options and may convert the building into a residential property or keep it as-is.”
Doshi added, “There were multiple bidders for this property, and the new investor used this purchase to satisfy a 1031 exchange requirement.”
Schechtman represented the seller, 137 West 14th Street LLC, and Mehra and Doshi represented the purchaser, 123 1st By 94 LLC.