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150 Nassau St
New York, NY 10038 Financial District

$6,588,000 USD

Apartments Condo For Sale  •  5,026 SF

Property Details

  • Property Type Apartments
  • Total Building Size 166,690 SF
  • Lot Size 0.22 AC
  • Building Class B
  • Year Built 1895
  • Cap Rate 5.14 %
  • Zoning C6-4, New York
100 Transit Score
100 Walk Score

1 Unit Available

Name Condo Use Size Price Details
Grnd Floor - Unit Retail Retail 5,026 SF $6,588,000 USD
  • Unit Size: 5,026 SF
  • Condo Use: Retail
  • Price: $6,588,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $1,310.78 USD
Sale Notes
Calling All Investors, Developers & End-Users!!! 5,000+ Sqft. Corner Retail Condo With NNN Long Term Restaurant Tenant In The Financial District For Sale!!! The Property Features Long Term Lease, C6-4 (R10 Equivalent) Zoning, Excellent Signage, Great Exposure, High 20’ Ceilings, Sprinklers, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Manhattan Just Off The Brooklyn Bridge, Next To Pace University & New York Presbyterian Hospital!!! This Property Is Home To A Very Successful Restaurant Tenant With Multiple Locations That Has Been Rated Best Steakhouse In Manhattan!!! Neighbors Include New York Stock Exchange, Starbucks, Chase Bank, Citibank, Tiffany & Co., Marriott Hotels, PINK Victoria’s Secret, USPS, WholeFoods, Target, T.J. Maxx, Marshalls, Popeye’s Louisiana Kitchen, Five Guys, Auntie Anne’s, CVS, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Income:

Brooklyn Chop House: $338,550 NNN Ann.; 15% Increase Every 4 Years; Lease Exp.: 3/6/30; (3) 5 Year Options. 

Gross Income: $338,550 Ann. 

Expenses:

Oil: $0 (NNN Lease)

Electric: $0 (NNN Lease)

Water: $0 (NNN Lease)

Maintenance & Repairs: $0 (NNN Lease)

Insurance: $0 (NNN Lease)

Taxes: $0 (NNN Lease)

Total Expenses: $0 (NNN Lease)

Net Operating Income (NOI): $338,550 Ann. (5.14% Cap!!!)

Description 

Calling All Investors, Developers & End-Users!!! 5,000+ Sqft. Corner Retail Condo With NNN Long Term Restaurant Tenant In The Financial District For Sale!!! The Property Features Long Term Lease, C6-4 (R10 Equivalent) Zoning, Excellent Signage, Great Exposure, High 20’ Ceilings, Sprinklers, 3 Phase Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Manhattan Just Off The Brooklyn Bridge, Next To Pace University & New York Presbyterian Hospital!!! This Property Is Home To A Very Successful Restaurant Tenant With Multiple Locations That Has Been Rated Best Steakhouse In Manhattan!!! Neighbors Include New York Stock Exchange, Starbucks, Chase Bank, Citibank, Tiffany & Co., Marriott Hotels, PINK Victoria’s Secret, USPS, WholeFoods, Target, T.J. Maxx, Marshalls, Popeye’s Louisiana Kitchen, Five Guys, Auntie Anne’s, CVS, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!

Income:

Brooklyn Chop House: $338,550 NNN Ann.; 15% Increase Every 4 Years; Lease Exp.: 3/6/30; (3) 5 Year Options. 

Gross Income: $338,550 Ann. 

Expenses:

Oil: $0 (NNN Lease)

Electric: $0 (NNN Lease)

Water: $0 (NNN Lease)

Maintenance & Repairs: $0 (NNN Lease)

Insurance: $0 (NNN Lease)

Taxes: $0 (NNN Lease)

Total Expenses: $0 (NNN Lease)

Net Operating Income (NOI): $338,550 Ann. (5.14% Cap!!!)

Highlights

Calling All Investors, Developers & End-Users!!! 5,000+ Sqft.Corner Retail Condo With NNN Long Term Restaurant Tenant In The Financial District!!!
The Property Features Long Term Lease, C6-4 (R10 Equivalent) Zoning, Excellent Signage, Great Exposure, High 20’ Ceilings, Sprinklers, +++!!!
The Property Is Located In The Heart Of Manhattan Just Off The Brooklyn Bridge, Next To Pace University & New York Presbyterian Hospital!!!
This Property Is Home To A Very Successful Restaurant Tenant With Multiple Locations That Has Been Rated Best Steakhouse In Manhattan!!!
Neighbors Include New York Stock Exchange, Starbucks, Chase Bank, Citibank, Tiffany & Co., Marriott Hotels, PINK Victoria’s Secret, USPS, +++!!!
This Property Offers HUGE Upside Potential!!!

Financial Summary

Cap Rate: 5.14 %

Major Tenants

Tenant SF Occupied Lease End Date
14 Chelsea 02128, Llc
Baytree Investors
Kj Technology
Lepetitstudio
Loving All Nations Inc
Market Anomaly
Mirage Holograms Inc
Negugevauer, Bill
Reliable Paper Supply Co Inc
Vicki Morwitz

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Fitness Center
  • Laundry Facilities
  • Property Manager on Site
  • Heating
  • Doorman
  • Hardwood Floors
  • Stainless Steel Appliances
  • Range
  • Elevator
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
9 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 8 min - 1.9 mi
Christopher St (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 7 min - 2.1 mi
Transit/SubwayDriveWalkDistance
Brooklyn Bridge-City Hall (4 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway)) 4 min 3 min 0.1 mi
Fulton Street (J,M,Z Line) (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 2 min 3 min 0.1 mi
Fulton Street (2,3 Line) (2 - New York MTA Subway (The Subway), 3 - New York MTA Subway (The Subway)) 1 min 3 min 0.2 mi
Broadway-Nassau Street (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 2 min 4 min 0.2 mi
City Hall (N - New York MTA Subway (The Subway), R - New York MTA Subway (The Subway)) 3 min 4 min 0.2 mi
AirportDriveWalkDistance
LaGuardia 24 min - 11.4 mi
Newark Liberty International 22 min - 12.8 mi
John F Kennedy International 35 min - 19.4 mi
Matthew Shane 516-279-8828 All Island Commercial
Matthew Shane 516-279-8828 All Island Commercial