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New York & Tri-State  + Downtown New York  + Retail  | 
Meridian Capital Group[ closed the sale of a Greenwich Village mixed-use property that had been under the same ownership for decades

Meridian’s Team Doshi Closes Greenwich Village Sale in 1031 Deal 

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.  

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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